April 30, 2024
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Varyaa Creations IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Varyaa Creations IPO Post Listing Review:
Listed at Rs. 285, premium of 90% over the issue price of Rs. 150. The listing has been much above the expectations of the grey market players.
What was the last GMP of Varyaa Creations IPO?*
Premium: Rs.
Subject to Rs.
Check Subscription status of Varyaa Creations IPO
On 25 April 2024 @ 5.00 (Day 4) (Closed)
Review: Slow subscription trend on D3
NII: 635000 Shares 1.08 T
RII: 635000 Shares 6.09 T
Total: 1270000 Shares 3.59 T
What is the business of Varyaa Creations ?
Historically, the company has earned its revenues from wholesale trading of gold, silver, precious stone, semi precious stone and from sales of jewellery. Currently, its products are sold only through the offline market, i.e. from its registered office located in Mumbai. Its customers can also make inquiry through the online platform www.varyaacreations.com.Further, the company will also be selling its products through its own online platform, i.e. www.baubleberry.com. This online platform will facilitate and provide the customers with an experience of Phygital marketing (physical plus digital-a blend of digital experiences with physical marketing), i.e., an option to browse variety of jewellery through its catalogue.
Get more information about the company @ https://varyaacreations.com/
| Varyaa Creations IPO Details | |
| IPO opens on | 22 April 2024 |
| IPO closes on | 25 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1340000 Shares /Rs 20.10 Crore |
| * Fresh Issue | 1340000 Shares /Rs 20.10 Crore |
| * Offer for Sale | – |
| Market Maker Portion | 70000 Shares |
| Net offer to Public | 1270000 Shares/Rs.19.05 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 150 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
| Shares offered in Varyaa Creations IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 635000 | 9.52 |
| RII (50%) | 635000 | 9.52 |
| Total Shares | 1270000 | 12.70 |
| Retail portion will be oversubscribed by | 635 | |
| Forms | ||
| How much Shares to Apply in Varyaa Creations IPO? | ||
| Min Retail Application | 1000 Sh | Rs.150000 |
| Min HNI Application | 2000 Sh | Rs.30000 |
Who are the Promoters of Varyaa Creations IPO?
The promoters of the Company are Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta
What are the Objects of Varyaa Creations IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
To finance the establishment of the new showroom,
Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom;
Purchase of Inventory; and
General Corporate Purposes.
| Varyaa Creations IPO Tentative timetable | |
| IPO opens on | 23 April 2024 |
| IPO Closes on | 25 April 2024 |
| IPO Allotment on | 26 April 2024 |
| Refund Initiation | 29 April 2024 |
| Credit of Shares | 29 April 2024 |
| Listing on | 30 April 2024 |
| Registered Office of the Company Varyaa Creations Limited 11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg-Kennedy Bridge, Gamdevi, Grant Road, Mumbai-400007 |
| Who is the Lead Manager of Varyaa Creations IPO? Inventure Merchant Banker Services Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Varyaa Creations IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 0.12 | -0.13 | – | – |
| 2021-22 | 2.53 | 0.58 | – | – |
| 2022-23 | 5.38 | 0.79 | 2.29 | – |
| Book Value of the Share on | 31.12.2023 | Rs 11.90 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 150 | |||
| Varyaa Creations IPO Key Performance indicators *adjusted Post bonus issue |
|
| Price/last EPS of 22-23* | 65.50* |
| Price/BV Ratio | 12.60 |
| Upper price/BV after IPO | ? |
How Varyaa Creations IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Varyaa Creations | 10 | 65.50* | |
| PNGS Gargi | 10 | 9.44 | |
| Ashapuri Gold | 1 | 10.14 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Varyaa Creations IPO To the point Guidance
Historically, the company has earned its revenues from wholesale trading of gold, silver, precious stone, semi precious stone and from sales of jewellery. Currently, its products are sold only through the offline market, i.e. from its registered office located in Mumbai.
Size: The net size of the IPO is Rs.19.05 Cr comprising of 1270000 shares. With 635 applications, retail portion will get one time subscribed. so, oversubscription may not be an issue.
Financial Snapshot: *The company has issued 3300000 Equity shares as bonus shares on 8th September 2023, after the end of the accounting year 2022-23 in the ratio of 22 shares on 1 share, Accordingly the EPS for the year 2022-23 should have been reworked to give correct picture of the EPS. The company has earned net profit of Rs. 78.93 lacs in the year 2022-23 and if we divide the same with enhanced equity base, the EPS comes to Rs. 2.29.
In the year 2021-22, the company had shown topline of Rs. 12 lac and net loss of Rs. 13 lacs. Whereas in year 2022-23, the topline has increased to Rs. 5.38 crores and net profit is Rs. 79 lacs. Such rise in the topline and bottom-line raises eyebrows. If compare the EPS post bonus issue to the issue price of Rs. 150, the valuation appears at PE multiple of 65.50 which is on very higher side. Avoid.
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Varyaa Creations IPO GMP today details?
Varyaa Creations IPO
Varyaa Creations IPO FAQs
What is Varyaa Creations IPO?
Varyaa Creations is a SME IPO of 1340000 equity shares of the face value of Rs. 10 aggregating up to Rs.20.10 Crores. The issue is priced at Rs.150 per share. The minimum order quantity is 1000 Shares.
When will Varyaa Creations IPO open?
Varyaa Creations IPO opens on April 22, 2024, and closes on April 25, 2024.
What is the lot size of Varyaa Creations IPO?
Varyaa Creations IPO lot size is 1200 Shares, and the minimum amount required is Rs.117600.
How to apply for Varyaa Creations IPO?
You can apply in Varyaa Creations IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Varyaa Creations IPO allotment?
The finalization of Basis of Allotment for Varyaa Creations IPO will be done on April 26, 2024, and the allotted shares will be credited to your demat account by April 29, 2024.
When is Varyaa Creations IPO listing date?
Varyaa Creations IPO listing date is April 30, 2024.
