Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Varyaa Creations IPO
Price Band
₹
Issue Size
₹20.1 Cr
Lot Size
1,000 shares
Min Investment
₹150,000
GMP
—
Issue Price
₹150.0
Varyaa Creations IPO AI Summary
- Varyaa Creations IPO is listed on BSE SME in the Gems, Jewellery And Watches sector.
- Subscription window: 22 Apr–25 Apr 2024, listing on 30 Apr 2024.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Varyaa Creations IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Varyaa Creations IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in July 2005, Varyaa Creations Limited deals in wholesale trading of gold, silver, precious stones, and semi-precious stones. The product portfolio includes Necklaces, Earrings, Tops, Rings, Bracelets, Bangles, Gemstones, Diamonds, Lab-grown diamonds, and Pearls. The company also create custom-made jewellery based on customers' requirements. The portfolio offers customers various jewellery designs for all occasions and price points. As of 31st March 2024, the company employs 8 people in various departments.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 10.49 | 20.01 | 1.44 | 2.18 |
| Total Income | 17.62 | 5.38 | 2.53 | 0.12 |
| Profit After Tax | 3.51 | 0.79 | 0.58 | -0.13 |
| NET Worth | 4.11 | 0.59 | -0.19 | -0.77 |
| Reserves and Surplus | 0.66 | 0.44 | -0.34 | -0.92 |
| Total Borrowing | 0.45 | 2.84 |
Key Ratios
EPS
₹2.29
NAV
₹11.90
ROE
85.52%
ROCE
114.57%
RoNW
85.52%
P/B Value
12.61
P/E Ratio
65.56
Market Cap
₹71.85 Cr
PAT Margin
19.92%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Ashapuri Gold Ornament Ltd | 33.01 | 2.61% | 10.14 | 0.71 | 0.71 |
| Pngs Gargi Fashion Jewellery Ltd | 21.38 | 22.78% | 9.44 | 10.2 | 10.2 |
| Varyaa Creations Limited This IPO | 39.64 | 132.75% | 2.85 | 52.62 | 52.62 |
Promoters
Pooja Vineet Naheta and Sarika Amit Naheta
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To finance the establishment of new showroom a) Capital expenditure cost for the proposed new showroom Purchase of Inventory for the proposed new showroom 5.50 2 To finance the establishment of new showroom b) Purchase of Inventory 10.00 3 General Corporate Purpose 4.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹2.53 Cr in the year ending 31 Mar 2022, which increased to ₹5.38 Cr by 31 Mar 2023 and further rose to ₹17.62 Cr by 30 Sep 2023. This shows a significant upward trend in revenue over the periods.
Profit Trend
Profit after tax was ₹0.58 Cr in the year ending 31 Mar 2022, which increased to ₹0.79 Cr by 31 Mar 2023, and further grew to ₹3.51 Cr by 30 Sep 2023. This indicates a positive growth trajectory in profitability across the periods.
Valuation
At the issue price of ₹150, Varyaa Creations has an implied P/E of 2.85 based on its EPS of ₹52.62. In comparison, its peers have P/E ratios ranging from 9.44 to 10.14.
Grey Market Premium, Explained
The grey market refers to the unofficial market where shares are bought and sold before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market. A higher GMP suggests strong demand, while a lower or negative GMP indicates weak demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid this IPO, especially given the inherent uncertainties associated with new market entrants.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the stock. Investors should be cautious and not base their decisions solely on potential listing gains.
This evaluation is generated from Varyaa Creations's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Varyaa Creations IPO open and close?
Varyaa Creations IPO opens on 22 April 2024 and closes on 25 April 2024.
When does Varyaa Creations IPO list on the stock exchange?
Varyaa Creations IPO listed on 30 April 2024 at ₹150.0.
What is the lot size for Varyaa Creations IPO?
The lot size for Varyaa Creations IPO is 1000 shares, requiring a minimum investment of ₹150,000.
What is the lot size for this IPO?
The lot size for Varyaa Creations' IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹150,000.
What is the issue price of the shares?
The issue price of the shares is ₹150.0.
When does the IPO open and close?
The IPO opens on April 22, 2024, and closes on April 25, 2024.
When will the shares be listed?
The shares are expected to be listed on April 30, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Apr 2024
Close
25 Apr 2024
Allotment
26 Apr 2024
Listing
30 Apr 2024
Similar IPOs in Gems, Jewellery And Watches
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Varyaa Creations?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.