What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Varyaa Creations Limited IPO?

Based on the upper price band of ₹150 and current GMP of ₹0, the estimated listing price is ₹150 (approx. 0.0% gain).

What is the expected profit per lot for Varyaa Creations Limited IPO?

With a lot size of 1000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Varyaa Creations Limited

ListedSME

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

25 Apr 2024

Allotment

26 Apr 2024

Refund

27 Apr 2024

Demat Credit

28 Apr 2024

Listing

30 Apr 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Varyaa Creations Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹150

Band: ₹150

Estimated Listing Price

₹150

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,50,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹150
30 Oct 2026	—	0.0%	₹150
29 Oct 2026	—	0.0%	₹150

About Varyaa Creations Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is Varyaa Creations Limited IPO GMP today?

The latest grey market premium for Varyaa Creations Limited IPO is ₹0, which indicates an expected listing price of ₹150.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.

Varyaa Creations Limited

Varyaa Creations Limited GMP Today

Varyaa Creations Limited GMP Historical Trend

GMP History

Estimated Listing Price

About Varyaa Creations Limited Public Issue & Market Profile

Frequently Asked Questions

What is Varyaa Creations Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?