Varyaa Creations IPO Price Band

Varyaa Creations IPO Price Band (Image Source: iStockphoto)

Varyaa Creations is set to go public with its Initial Public Offering (IPO) of Rs 20.10 crores. The IPO, comprising solely fresh issues of 13.4 lakh shares.

Varyaa Creations IPO Subscription Window

Varyaa Creations IPO will open for subscription on April 22, 2024, and it will conclude on April 25, 2024.

Varyaa Creations IPO Allotment Date

Varyaa Creations IPO anticipates finalising allotments by April 26, 2024.

Varyaa Creations IPO Listing Date

Varyaa Creations IPO has tentative listing date on BSE SME fixed for April 30, 2024.

Varyaa Creations IPO Price Band

Varyaa Creations IPO is priced at Rs 150 per share, the IPO requires a minimum lot size investment of 1000 shares, amounting to Rs 150,000 for retail investors and Rs 300,000 for High Net Worth Individuals (HNIs).

Varyaa Creations IPO Purpose

Varyaa Creations aims to diversify its capital through this offering to fuel several objectives, including financing the establishment of a new showroom, covering capital expenditure costs, and procuring inventory for both existing and proposed showrooms. Additionally, funds will be allocated towards general corporate purposes to support the company’s ongoing operations and growth initiatives.

Varyaa Creations IPO GMP

As per multiple websites that track the grey market premium activities, the shares of Varyaa Creations IPO are commanding a GMP in the price range of Rs 90 – Rs 100 in the unlisted market.

Inventure Merchant Banker Services Pvt Ltd spearheads the IPO as the book running lead manager, while Bigshare Services Pvt Ltd manages registrar duties. Svcm Securities is designated as the market maker for the IPO.

Varyaa Creations was founded in July 2005 and it specialises in wholesale trading of gold, silver, precious stones, semi-precious stones, and an array of jewelry, including necklaces, earrings, rings, bracelets, and more.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TT Research DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)