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Open
22 Apr 2024
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Close
25 Apr 2024
3
Allotment
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Listing
Tue, Apr 30, 2024
Price Band
₹150 per share
Issue Size
13,40,000 shares (agg. up to ₹20 Cr)
Lot Size
1,000 Shares
Listing Date
Tue, Apr 30, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
30-04-2024₹0Est. ₹150+0%
29-04-2024₹0Est. ₹150+0%
28-04-2024₹0Est. ₹150+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 3.46x |
Restated Financials (₹ Cr.)
| 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 | ||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Koura Fine Diamond Jewelry Ltd. | SME | ₹5.50 Cr | ₹55 | 106.7 | ₹78.63 | +42.96% | ₹35.00 (+0.29%) |
| Shoora Designs Ltd. | SME | ₹2.03 Cr | ₹48 | 35.82 | ₹95.76 | +99.50% | ₹87.02 (-1.99%) |
| Khazanchi Jewellers Ltd. | SME | ₹96.74 Cr | ₹140 | 45.75 | ₹149.40 | +6.71% | ₹631.45 (+0.17%) |
| RBZ Jewellers Ltd. | Mainboard | ₹100.00 Cr | ₹100 | 13.77 | ₹105.00 | +5.00% | ₹150.74 (+0.94%) |
| Motisons Jewellers Ltd. | Mainboard | ₹151.09 Cr | ₹55 | 17.59 | ₹103.55 | +88.27% | ₹13.99 (-0.50%) |
| Manoj Vaibhav Gems 'N' Jewellers Ltd. | Mainboard | ₹270.20 Cr | ₹215 | 11.74 | ₹215.50 | +0.23% | ₹155.65 (-3.14%) |
| Senco Gold Ltd. | Mainboard | ₹405.00 Cr | ₹317 | 15.53 | ₹405.30 | +27.85% | ₹364.55 (-0.23%) |
Objects of the Issue
| # | 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 |
About Varyaa Creations IPO
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.+ Read More
Contact Details
Varyaa Creations Ltd. Address11, Floor-3rd, Plot 5/1721, Kailash DarshanJagannath Shankarseth Marg-Kennedy BridgeGamdevi, Grant RoadMumbai, Maharashtra, 400007+91 9920558483info@varyaacreations.comVisit Website