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Varyaa Creations Limited IPO

Varyaa Creations Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
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Listed Price: ₹ 285.00 (+90.00%)

The Initial Public Offering of Varyaa Creations Limited's culminated in its successful listing on 30-04-2024 at the BSE trading platform. The company secured 13,40,000 Shares through this capital market exercise, with 13,40,000 Shares allocated to new capital formation.

Investors participated within the price parameters of ₹150 to ₹150, with minimum investment requirements of 1000 shares. The subscription period from 22-04-2024 to 25-04-2024 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on 26-04-2024. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

Varyaa Creations IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Varyaa Creations IPO Key Performance Indicator
Company Financials ( In Lakhs )

Varyaa Creations IPO About Company

Varyaa Creations Limited started as Kalgi India Private Limited on July 14, 2005. Over the years, it changed its name and structure, officially becoming Varyaa Creations Limited on August 18, 2023, under the Companies Act, 2013. Based in Mumbai, the company initially focused on wholesale trading of gold, silver, and precious stones. Recently, it expanded into jewelry manufacturing and sales, outsourcing production to job workers in Mumbai. Its revenue mainly comes from wholesale trading and jewelry sales, conducted both offline at its registered office and online.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Varyaa Creations IPO Strength Factors

  1. Well-Known Brand: The company has built a strong reputation in its industry, earning customer trust and loyalty. This brand recognition gives it an edge over newer competitors and helps grow its market presence.
  2. Customer-Centric Approach: With a deep understanding of customer preferences, the company stays ahead of market trends and tailors its products or services to meet changing demands. This focus on customer needs boosts satisfaction, strengthens loyalty, and drives long-term success.
  3. Experienced Leadership: The company's promoters bring extensive industry experience, valuable insights, and strong networks. Their expertise helps the company navigate challenges, make smart decisions, and seize growth opportunities, ensuring a strong competitive position.

Varyaa Creations IPO Risk Factors

  1. Legal Challenges: Ongoing legal proceedings involving the promoters and related entities pose a risk to the company. These issues could lead to financial liabilities, harm its reputation, and distract management, potentially affecting operations, investor trust, and overall performance.
  2. Supply Chain Uncertainty: The company relies on gold, silver, diamonds, and other precious stones. Any shortage or price increase in these materials could disrupt production, raise costs, and impact order fulfillment, ultimately affecting revenue and financial stability.
  3. Financial Struggles: The company has a history of net losses and may continue to face financial challenges. Ongoing losses can strain resources, limit growth opportunities, and weaken investor and creditor confidence, potentially leading to liquidity issues and difficulties in securing funding.

Varyaa Creations IPO Lead Manager(s)

  • Inventure Merchant Banker Services Private Limited

Varyaa Creations IPO Promoter(s)

  1. 0Mrs. Pooja Vineet Naheta
  2. Mrs. Sarika Amit Naheta



Varyaa Creations IPO Company Details

Varyaa Creations Limited
Phone:
address:

Varyaa Creations IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Varyaa Creations IPO FAQs