Varyaa Creations Limited

Company Profile
Company Name Varyaa Creations Limited
Open Date 22-04-2024
Close Date 25-04-2024
Exchange BSE SME
Lot Size 1000 Shares
Issue Price ₹150 per share
Issue Size 13,40,000 shares
Application Amount ₹1,50,000
Recommendation Avoid
Incorporated in 2005, Varyaa Creations Limited has its registered office in Mumbai, Maharashtra, India. The company is engaged in the business of wholesale trading of gold, silver, precious stones, and semi-precious stones. The company’s product portfolio includes necklaces, earrings, Tops, rings, bracelets, Bangles, Gemstones, Diamonds, lab-grown diamonds, and Pearls and also makes customized jewellery as per customers needs. The company has recently expanded its portfolio by including Lab Grown Diamonds. As of March 31, 2024, the company had a total of 08 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 218.32 143.78 2,000.54 1,049.18
Net Assets -77.46 -19.47 59.45 410.56
Total Borrowings 283.82 44.81 - -
Total Revenue 12.05 253.13 538.02 1,762.49
Profit After Tax -13.07 57.97 78.92 351.10

Tentative Timeline

Opening Date 22-04-2024
Closing Date 25-04-2024
Basis of Allotment 26-04-2024
Initiation of Refunds 29-04-2024
Credit of Shares to Demat 29-04-2024
Listing Date 30-04-2024

Objects of the Issue

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.
General corporate purposes.

Contact Information

Registered Office Varyaa Creations Limited 11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg-Kennedy Bridge, Gamdevi, Grant Road, Mumbai-400007
Phone +91 9920558483

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 70,000 (5.22%)
Other Shares Offered 635,000 (47.39%)
Retail Shares Offered 635,000 (47.39%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 72.03%

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