Varyaa Creations Limited 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. We 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.

 

Varyaa Creations Limited Financial Information (Restated)

Varyaa Creations Limited’s revenue increased by 112.55% and profit after tax (PAT) rose by 36.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,049.172,000.55143.78218.32
Revenue1,762.49538.03253.1312.05
Profit After Tax351.1178.9357.98-13.06
Net Worth410.5659.45-19.47-77.46
Reserves and Surplus65.5644.45-34.47-92.46
Total Borrowing  44.81283.82
Amount in ₹ Lakhs

Objects of the Issue (Varyaa Creations IPO Objectives)

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:

  1. To finance the establishment of the new showroom,
  2. Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom;
  3. Purchase of Inventory; and
  4. General Corporate Purposes.

Varyaa Creations IPO Timeline (Tentative Schedule)

Varyaa Creations IPO opens on April 22, 2024, and closes on April 25, 2024.

IPO Open DateMonday, April 22, 2024
IPO Close DateThursday, April 25, 2024
Basis of AllotmentFriday, April 26, 2024
Initiation of RefundsMonday, April 29, 2024
Credit of Shares to DematMonday, April 29, 2024
Listing DateTuesday, April 30, 2024
Cut-off time for UPI mandate confirmation5 PM on April 25, 2024

SHARIAH SCREENING for - Varyaa Creations Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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