Varyaa Creations IPO Details

Varyaa Creations IPO Details/Pixabay

VoM News Desk | April 18, 2024 | 04:15 PM IST | Breaking News |

Varyaa Creations IPO Details

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Price Band: ₹150 per equity share of face value ₹10 each.
Subscription Dates: April 22 to April 25.
Lot Size: 1,000 shares; Minimum application size of 1,000 equity shares.
Issue Size: ₹20.10 crore, with a fresh issue of 1,340,000 equity shares.
Use of Proceeds: New showroom financing, capital expenditure, inventory purchase, and general corporate purposes.

Business: Trading in precious and semi-precious stones, gold, silver, and other metals in bulk, expanding into jewellery production and marketing.
Product Line: Includes necklaces, earrings, rings, bracelets, gemstones, lab-grown diamonds, pearls, and custom jewellery.
Promoters: Sarika and Pooja Naheta, with over 20 years of experience in the jewellery and stones sector.
Financials: Profit after tax (PAT) increased by 36.13% between March 31, 2022, and March 31, 2023, with a revenue growth of 112.55%.

Basis of Allotment: Tentatively finalised on April 26.
Refund Processing: Begins on April 29.
Listing: Shares expected to be listed on BSE SME on April 30.
Registrar: Bigshare Services Pvt Ltd; Lead Manager: Inventure Merchant Banker Services Pvt Ltd; Market Maker: Svcm Securities.

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