
Emerging SME Services · BSE
Varyaa Creations Limited started as Kalgi India Private Limited on July 14, 2005. Over the years, it changed its name and structure, officially becoming Varyaa Creations Limited on August 18, 2023, under the Companies Act, 2013. Based in Mumbai, the company initially focused on wholesale trading of gold, silver, and precious stones. Recently, it expanded into jewelry manufacturing and sales, outsourcing production to job workers in Mumbai. Its revenue mainly comes from wholesale trading and jewelry sales, conducted both offline at its registered office and online.
Price Band
₹150
Issue Size
₹20.10 Cr
Lot Size
1000 shares
GMP
Est. Listing
₹150
at current GMP
Subscribed
3.64x
overall
Open
22 Apr 2024
Close
25 Apr 2024
Allotment
26 Apr 2024
Refund
27 Apr 2024
Demat Credit
28 Apr 2024
Listing
30 Apr 2024
Designated Registrar: Bigshare Services Private Limited
Allotment Date
26 Apr 2024
Basis finalization
Refunds Initiate
27 Apr 2024
Mandate release
Demat Credit
28 Apr 2024
Shares in demat
Listing Debut
30 Apr 2024
Trading begins
Varyaa Creations Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹20.1 Crores. The shares are offered at a price band of ₹150 to ₹150 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,50,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-04-28, while un-allotted funds or UPI block mandates will be released on 2024-04-27.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.