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Varyaa Creations SME IPO Details, Financials, Valuation & Peers
By IPOBase •Last Updated on
Get everything you need to know about the Varyaa Creations IPO. Explore Varyaa Creations IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Status
Listed
Biding Dates
22 Apr - 25 Apr 2024
Price Range
₹ 150
Issue Size
₹ 20.10 crore
Listed Price
₹28590.00%
Overview
Varyaa Creations Limited is a company engaged in the wholesale trading of gold, silver, precious stones, and semi-precious stones. Originally incorporated as Kalgi India Private Limited in 2005, the company changed its name to Varyaa Creations Limited in 2023, reflecting its expansion into the jewelry manufacturing and selling business. Additionally, the company has expanded its focus to include manufacturing and selling jewelry. With its registered office and business operations based in Mumbai, Varyaa Creations aims to cater to both offline and online markets through its platforms www.varyaacreations.com and www.baubleberry.com, offering a blend of physical and digital marketing experiences.
Key Points:
- Business Activities: Historically engaged in wholesale trading of gold, silver, precious stones, and semi-precious stones, the company has now diversified into manufacturing and selling jewelry. Products include necklaces, earrings, tops, rings, bracelets, bangles, gemstones, diamonds, lab-grown diamonds, pearls, and customized jewelry.
- Manufacturing Process: Jewelry manufacturing is outsourced to job workers in Mumbai, who produce items based on designs provided by Varyaa Creations. The company procures raw materials such as gold, silver, gemstones, and precious stones from bullion and jewelry market dealers.
- Market Presence: The company operates in both business-to-business (B2B) and business-to-consumer (B2C) segments, offering products across different price points to maximize its potential customer base. Customized jewelry is also available to customers.
- Product Portfolio: The company's product portfolio includes a wide range of jewelry items, with recent expansion to include ethically sourced lab-grown diamonds in response to growing demand.
Objects of the Issue
- To finance the establishment of new showroom
- a) Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom; (b) Purchase of Inventory
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 22 Apr - 25 Apr 2024 |
| IPO Price Band | ₹ 150 per share |
| Fresh Issue | 13,40,000 Shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹ 20.10 crore |
| Face Value | ₹ 10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 22 Apr 2024 |
| IPO Closing Date | 25 Apr 2024 |
| Basis Of Allotment | 26 Apr 2024 |
| Refunds | 29 Apr 2024 |
| Demat Transfer | 29 Apr 2024 |
| IPO Listing Date | 30 Apr 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 0.12 | 2.53 | 5.38 | 17.62 |
| Total Expenses | 0.25 | 1.95 | 4.28 | 12.93 |
| Net Profit/Loss | -0.13 | 0.58 | 0.79 | 3.51 |
| NPM (*) | -108.37 | 22.91 | 14.67 | 19.92 |
| Total Assets | 2.18 | 1.44 | 20.0 | 10.49 |
| Total Liabilities | 2.96 | 1.63 | 19.41 | 6.39 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | -0.38 | 1.68 | 2.29 | 10.18 |
| ROE (%) | 16.86 | -297.75 | 132.75 | 85.52 |
| ROCE (%) | -1.24 | 267.65 | 190.12 | 114.57 |
| D/E Ratio | 3.66 | 2.30 | NA | NA |
| Current Ratio | 0.57 | 0.57 | 1.03 | 1.64 |
| EBITDA MARGIN (%) | -19.91 | 26.80 | 21.01 | 26.63 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Varyaa Creations Limited | 5.23 | 2.85 | 52.62 | 132.75 | 39.64 |
| PNGS Gargi Fashion Jewellery Ltd | 28.67 | 9.44 | 10.20 | 22.78 | 21.38 |
| Ashapuri Gold Ornament Ltd | 158.0 | 10.14 | 0.71 | 2.61 | 33.01 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 1.08 |
| Retail Individual Investor (RII) | 6.09 |
| Total | 3.59 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MRS. POOJA VINEET NAHETA
- MRS. SARIKA AMIT NAHETA
Lead Managers
- INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
Company Address
Varyaa Creations Limited
11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg, Kennedy Bridge, Gamdevi, Grant Road, Mumbai400007,
Maharashtra, India
Phone: +91 9920558483
Email: info@varyaacreations.com
Website: www.varyaacreations.com
FAQs
- What is the issue size of the Varyaa Creations SME IPO?The Varyaa Creations SME IPO has an issue size of ₹ 20.10 crore. This includes a fresh issue of 13,40,000 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Varyaa Creations IPO?The price band for the Varyaa Creations IPO is ₹ 150 per share.
- What are the bidding dates for the Varyaa Creations IPO?The Varyaa Creations IPO will open for bidding on 22 Apr 2024 and close on 25 Apr 2024.
- What is the allotment date for the Varyaa Creations IPO?The allotment date for the Varyaa Creations IPO is 26 Apr 2024.
- What is the listing date for the Varyaa Creations IPO?The listing date for the Varyaa Creations IPO is 30 Apr 2024.
- What is the Varyaa Creations IPO grey market premium?The grey market premium (GMP) for the Varyaa Creations IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.