Varyaa Creations Limited IPO Closed

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IPO date 22nd – 25th Apr 2024
Listing date 30 Apr 2024
Type SME
Price range 150 – 150
Minimum order quantity 1000
(D)RHP View

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Varyaa Creations Limited is launching its IPO. The offer opens for subscription on April 22, 2024, and closes on April 25, 2024.

Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.

What does Varyaa Creations Limited do?

The company, originally named Kalgi India Private Limited, was incorporated in 2005 and subsequently renamed Varyaa Creations Private Limited in 2016, then converted to a public company as Varyaa Creations Limited in 2023. Initially engaged in wholesale trading of gold, silver, and gemstones, it now also focuses on manufacturing and selling jewelry. Operations are primarily in Mumbai, with plans to expand online through platforms like www.varyaacreations.com and www.baubleberry.com.

Products include a range of jewelry items made from materials like gold, gemstones, and silver, including customized pieces. The company emphasizes quality, timely delivery, and competitive pricing. Its founders, Mrs. Pooja Naheta and Mrs. Sarika Naheta bring over two decades of experience to the gems and jewelry industry, contributing to the company’s success and growth.

Schedule/Timeline of Varyaa Creations Limited IPO

Issue Period 22nd April to 25th April 2024
Deadline for accepting UPI mandate  Until 5 PM on the issue closing day
Finalization of Allotment April 26, 2024
Initiation of Refunds April 29, 2024
Credit of Shares April 29, 2024
Date of Listing April 30, 2024
Mandate end date May 10, 2024
Anchor Investors Lock-In End Date (50% of the investment) May 26, 2024
Anchor Investors Lock-In End Date (Remaining investment) July 25, 2024

Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.

How do I apply to the Varyaa Creations Limited IPO?

You can apply for the Varyaa Creations Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Varyaa Creations Limited IPO?

You can check the allotment status for the Varyaa Creations Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.