Varyaa Creations Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Varyaa Creations

CMP

74.50

-2.40 (-3.12%)

  • DRHP
₹150

Offer Price

₹ 20.10 Cr

Issue Size

₹ 1,50,000

Min Investment

1,000

Lot size

Time Line

  • 22
    Apr 2024
    Open
  • 25
    Apr 2024
    Close
  • 26
    Apr 2024
    Finalisation of Basis of Allotment
  • 26
    Apr 2024
    Initiation of Refunds
  • 29
    Apr 2024
    Transfer of Shares to Demat Account
  • 30
    Apr 2024
    Listing Date

Objects of the Offer

  • Entering the E-Commerce Market.

  • Increase its customer network in existing markets and enter new geographical markets.

  • Strengthen its Inventory Management practices.

  • Innovation in designing.

Products & Services

  • Varyaa Creations Limited is engaged in the business of wholesale trading of gold, silver, precious stone, semi-precious stone.

Strengths

  • Established brand.

  • Well established relationship with its supplier.

  • Strong understanding of customer preference.

  • Extensive product list.

  • Rich domain experience of its Promoters.

Risks

  • There are certain outstanding legal proceeding involving its Promoter and Promoter Entities which may adversely affect its business, financial condition and results of operations.

  • Its inability to manage growth could disrupt the company`s business and reduce its profitability.

  • The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.

  • The company may be unable to maintain or establish arrangements with job workers and suppliers through whom its manufacture the company products and procure raw materials, and may experience other disruptions or quality control risks in the operations of such parties.

  • Its failure to accurately forecast and manage inventory could result in an unexpected shortfall and/or surplus of products, which could harm its business.

Company Promoters

Promoters Holding

Issue For IPO
26.11%
Pre Holding

93.33%

Post Holding

67.22%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 2.47 (2,644.40%) 5.23 (111.70%) 132.75 (-)
Gross Profit 2.47 (2,644.40%) 5.23 (111.70%) 132.75 (-)
Net Income 2.47 (2,644.40%) 5.23 (111.70%) 132.75 (-)
Assets 2.47 (2,644.40%) 5.23 (111.70%) 132.75 (-)
Liabilities 2.47 (2,644.40%) 5.23 (111.70%) 132.75 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Varyaa Creations Ltd 5.23 0.79 0.59 0.00 132.75 0.00 39.63 1.03 0.00
PNGS Gargi Fashion Jewellery Ltd 28.67 4.69 24.22 24.22 22.78 10.20 21.38 19.36 0.04
Ashapuri Gold Ornament Ltd 158.01 1.79 90.71 90.71 2.16 0.71 33.01 1.96 0.08

Book Running Managers

  • First Overseas Capital Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

11 Flr 3rd-Plot 5/1721 Kailash,
Darshan Ken.Brdg Gamdevi Gr.Rd,
Mumbai - 400007
Phone : +91 99205 58483 Email : info@varyaacreations.com www.varyaacreations.com

Offer Related Information

Initial public issue of up to 13,40,000 equity shares of Rs. 10.00 each ("Equity Shares") of Varyaa Creations Limited ("Varyaa Creations" or the "Company") for cash at a price of Rs. 150.00/- per equity share (including a share premuim of Rs. 140/- per share) (the "Issue Price"), aggregating to Rs. 20.10 crores ("The Issue"), out of which 70,000 equity shares aggregating to Rs. 1.05 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the... More

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