April 20, 2023
New Delhi, India
Varyaa Creations IPO: Overview and Key Details
Varyaa Creations Limited is gearing up to launch its initial public offering (IPO) on the Indian primary market, offering investors an opportunity to participate in its growth story. Here’s a comprehensive look at the key details and analysis of the upcoming Varyaa Creations IPO:
IPO Price and Dates:
- Price Band: The IPO has a fixed price band set at ₹150 per equity share.
- IPO Date: The IPO will open on April 22, 2024, and will close on April 25, 2024, spanning from Monday to Thursday next week.
IPO Size and Lot Size:
- Size: Varyaa Creations aims to raise ₹20.10 crore through the issuance of 13.40 fresh shares.
- Lot Size: Investors can apply in lots, with one lot comprising 1,000 shares of the company.
Allotment and Listing:
- Allotment Date: Share allocation to bidders is anticipated on April 26, 2024, the Friday following the IPO closure.
- Registrar: Bigshare Services Pvt Ltd has been appointed as the official registrar of the Varyaa Creations IPO.
- Listing Platform: The IPO is proposed for listing on the BSE SME platform.
- Listing Date: Following the ‘T+3 listing rule,’ the BSE SME IPO is expected to list on April 30, 2024, providing investors with early liquidity.
Financial Review:
- Growth: Varyaa Creations has demonstrated remarkable financial growth, with revenues soaring by 112.55% in FY24.
- Profitability: The profit after tax (PAT) has also seen a commendable increase of 36.13%, indicating strong profitability and operational efficiency.
- Outlook: Such robust financial health underscores the company’s capability to scale operations and sustain profitability amidst fluctuating market dynamics.
Conclusion:
The upcoming Varyaa Creations IPO presents an opportunity for investors to participate in a promising venture in the jewelry sector. With a fixed price band and strong financial performance, the IPO is likely to attract investor interest. As the company gears up for listing on the BSE SME platform, investors can assess its growth potential and consider participating in the offering to capitalize on future growth prospects.
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