About the Company:
Varyaa Creations ltd is engaged in the business of wholesale trading of gold, silver, precious stone, semi-precious stone.
From this financial year onwards, Company also intends to focus on manufacturing and selling of jewellery ‘s.
Company manufactures its jewellery through job worker located in Mumbai.
Historically, Company has earned its revenues from wholesale trading of gold, silver, precious stone, semi-precious stone and from sales of jewellery.
Currently, Company’s products are sold only through the offline market, i.e. from company’s registered office located in Mumbai. Customers can also make inquiry through our online platform www.varyaacreations.com
Company will also be selling its products through its own online platform, i.e. www.baubleberry.com. This online platform will facilitate and provide our customers with an experience of Phygital marketing (physical plus digital-a blend of digital experiences with physical marketing), i.e., an option to browse variety of jewellery through its catalogue.
In coming few years, Company shall be earning its revenues not only from bullion trading but also by selling products through offline market and online market.
Company’s product portfolio includes Necklace, Earring, Tops, Ring, Bracelet, Bangles, Gemstones, Diamonds, Lab Grown diamonds, Pearls and also makes customized jewelleries as per customer’s needs.
Recognising the growing demand for ethically sourced diamonds, Company has recently expanded the portfolio to include Lab Grown Diamonds.
Company’s Product wise and Customer wise sales break up: (Rs. in Lakhs)
Company Plans to Increase the customer network in existing markets and enter new geographical markets.
- Company aims to focus on deepening our penetration in existing markets and thereby increase the domestic presence by expanding the customer network.
- At present, Company sells its products in Mumbai. Company aims to focus on increasing the customer base by exploring domestic markets. Company also proposes to set up a showroom in Agra.
Management Team:
- Mrs. Pooja Vineet Naheta (Designation: Managing Director)
- Mrs. Sarika Amit Naheta (Designation: Executive Director)
Objectives of the Issue:
Fresh issue: (Rs.20 cr)
1. To finance the establishment of new showroom.
a) Capital expenditure cost for the proposed new showroom and Purchase of Inventory for the proposed new showroom.
(b) Purchase of Inventory.
2. General Corporate Purposes.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| 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 cr |
| b) Purchase of Inventory | 10.00 cr |
| 2) General Corporate Purpose | 4.0 cr |
| Net Proceeds | 19.50 cr |
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31st Dec 23 |
|---|---|---|---|---|
| Revenue | 0.12 | 2.53 | 5.38 | 17.62 |
| Net Profit | (-0.13) | 0.57 | 1.10 | 4.69 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Varyaa Creations Ltd | 10 | 52.62 | 2.85 | 132.75% | 39.64 |
| PNGS Gargi Fashion Jewellery Ltd | 10 | 10.20 | 9.44 | 22.78% | 21.38 |
| Ashapuri Gold Ornament Ltd | 1 | 0.71 | 10.14 | 2.61% | 33.01 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 22nd April 2024 |
| Issue Closes on | 25th April 2024 |
| Issue Price | Rs.150 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 Shares |
| Minimum Investment | Rs.1,50,000 |
| Issue Constitutes | 27.97 % |
| Issue Size | Rs.20.1 cr |
| Market Cap | Rs.71.85 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 13,40,000 |
| Equity Shares Prior to the Issue | 34,50,000 |
| Equity Shares after the Issue | 47,90,000 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 26th April 2024 |
| Initiation of Refunds | on or Before 29th April 2024 |
| Credit of Equity Shares: | on or Before 29th April 2024 |
| Listing Date: | on or Before 30th April 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 52.62 | 2.85 | 132.75% | 39.64 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Varyaa Creations Ltd is a dynamic player in the wholesale trading of precious metals and stones, including gold, silver, and a variety of gems. Expanding its horizon, the company ventures into jewelry manufacturing and sales this financial year, broadening its product range to include necklaces, earrings, rings, and more, including customization services.
With a keen eye on market expansion, the company aims to amplify its customer base in existing markets while penetrating new geographical territories. Setting sights on Agra, the company plans to establish a showroom to showcase its exquisite creations. Backed by the reputable Jaipur Jewels Global Limited, the promoter family brings years of expertise and a sterling reputation in the niche jewelry industry. Investors seeking calculated risks can confidently bank on Varyaa Creations Ltd’s promising future, buoyed by the industry stalwarts at its helm. With a blend of tradition, innovation, and established credibility, the company is poised to shine brightly in the competitive jewelry market. |
| Company Contact Info: |
|---|
| Varyaa Creations ltd 11, Floor-3rd, Plot 5/1721, Kailash Darshan, Jagannath Shankarseth Marg, Kennedy Bridge, Gamdevi, Grant Road, Mumbai- 400007, Maharashtra, India Tel No. : +91 9920558483 Email Id : info@varyaacreations.com Website : www.varyaacreations.com |
| Registrar to the Issue: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai – 400 093, Maharashtra, India Tel. No.: +91 22 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED 2ndFloor, Viraj Towers, Near Andheri Flyover (North End), Western Express Highway, Andheri (East), Mumbai – 400069, Maharashtra. Tel No: +91 22 4075 1500 Email: compliance@inventuremerchantbanker.com Website: www.inventuremerchantbanker.com |
| Check IPO Allotment Status: |
|---|
Bigshare: http://www.bigshareonline.com/IPO/Allotment |
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|---|
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