Varyaa Creations aims to raise ₹20.10 crore through the IPO by issuing 1,340,000 equity shares with a face value of ₹10 each. The entire issue comprises fresh equity, indicating the company’s intention to raise capital for growth initiatives.
Varyaa Creations Limited IPO
Varyaa Creations Limited is raising Rs 20.10 crore through a fixed-price IPO consisting entirely of 13.4 lakh fresh shares.
| IPO Date | April 22 to 25, 2024 |
| Face Value | ₹10 per share |
| Price | ₹150 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,340,000 shares (aggregating up to ₹20.10 Cr) |
| Fresh Issue | 1,340,000 shares (aggregating up to ₹20.10 Cr) |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Shareholding pre issue | 3,450,000 |
| Shareholding post issue | 4,790,000 |
| Market Maker portion | 70,000 shares |
The issue price is fixed at ₹150 per share, with a minimum investment of ₹150,000 for retail investors due to a 1000-share lot size. High Net Worth Individuals (HNI) can invest in minimum lots of 2,000 shares for a total of ₹300,000.
Varyaa Creations Limited IPO Reservation
Varyaa Creations Limited’s IPO allotment structure reserves shares for different investor categories, promoting wider participation.
- Retail Individual Investors (RII): This category caters to individual investors applying for shares with a total value below ₹2 lakh. They are offered 50% of the net issue. The net issue refers to the total issue size minus the shares reserved for market makers.
- Other Investors: This category encompasses investors exceeding the ₹2 lakh limit for retail investors. They are also offered 50% of the net issue. This includes institutional investors and High Net Worth Individuals (HNIs).
Varyaa Creations Limited IPO Timeline (Tentative Schedule)
The important dates for Varya Creations’ IPO are:
- IPO Open Date: Monday, April 22nd, 2024
- IPO Close Date: Thursday, April 25th, 2024 – This is the last day to subscribe to the IPO.
- Basis of Allotment: Friday, April 26th, 2024 – Allotment refers to the process of finalizing which investors will receive shares after considering all applications.
- Initiation of Refunds: Monday, April 29th, 2024 – This is when unsuccessful applicants will receive a refund for their application amount.
- Credit of Shares to Demat Account: Monday, April 29th, 2024 – If your IPO application is successful, the shares will be credited to your Demat account on this date.
- Listing Date: Tuesday, April 30th, 2024 (Tentative)
Varyaa Creations Limited IPO Lot Size
The Varyaa Creations IPO follows a system for bidding. Lot size and investment requirements:
- Minimum Lot Size: 1,000 Shares
- Investment per Lot: ₹150 per share × 1,000 shares = ₹1,50,000
Investors can bid for shares in multiples of the lot size (1,000 shares). This means you can apply for 2,000 shares (2 lots), 3,000 shares (3 lots), and so on.
This minimum investment applies to both retail investors and High Net Worth Individuals (HNIs). However, HNIs can invest in multiples of the lot size.
| Investor Category | Minimum Investment |
| Retail Investor | ₹1,50,000 (1 Lot) |
| HNI | ₹1,50,000 (1 Lot) and multiples thereof (e.g., 2 Lots = ₹3,00,000) |
Varyaa Creation Limited IPO Promoter Holding
Varyaa Creations Limited is helmed by two promoters: Mrs. Pooja Vineet Naheta and Mrs. Sarika Amit Naheta.
- Pre-Issue Shareholding: Before the IPO, the promoters held a combined ownership of 100.00% of the company’s shares.
- Post-Issue Shareholding: After the IPO concludes, the promoters’ ownership is expected to dilute to 72.02%. This dilution occurs because the company is issuing new shares to raise fresh capital, thereby reducing the promoters’ proportional ownership.
Applying for the Varyaa Creations Limited IPO
The steps involved in applying for the Varyaa Creations Limited IPO:
- Select a broker that facilitates IPO applications.
- Once your account is set up, access the Varyaa Creations IPO details on your broker’s platform.
- During the subscription window, enter the number of lots you wish to apply for within the price band.
- Select your preferred payment method. Most brokers offer UPI (Unified Payments Interface) for convenient and instant payment.
- Review your application details before final submission. Once confirmed, submit your application.
- After the subscription window closes, the company will allot shares to successful applicants. Allotment results are expected by April 26th, 2024.
- Shares will be credited by April 29, 2024. Trading starts on the BSE SME platform on April 30, 2024.
- Refund: If no shares are allotted, refunds will be processed by April 29, 2024.