Varyaa Creations is set to launch its IPO, raising Rs 20.10 crores through the issuance of 13.4 lakh fresh shares. Opening for subscription on April 22, 2024, and closing on April 25, 2024, the IPO's allotment is anticipated on April 26, 2024.
Scheduled for listing on BSE SME by April 30, 2024, the IPO offers shares at a fixed price of ₹150 each, with a minimum lot size of 1000 shares and a minimum retail investment of ₹150,000. HNIs are required to invest in a minimum of 2 lots, totaling ₹300,000.
Inventure Merchant Banker Services Pvt Ltd serves as the book running lead manager, with Bigshare Services Pvt Ltd appointed as the registrar. Svcm Securities is designated as the market maker for the IPO.
The Fresh Issue includes a public Issue of 13,40,000 Equity Shares of the Company at an Issue Price of Rs. 150.00 per Equity Share.
The Net Proceeds from the Issue are proposed to be utilized towards:
1. To finance the establishment of new showroom:
a) Capital expenditure cost for the proposed new showroom
b) Purchase of Inventory for the proposed new showroom
2. General Corporate Purposes.
Rs. 15.50 crore will be deployed towards the opening of a new retail showroom in Agra proposed to be opened in FY25. (Rs. 5.5 crore towards capital expenditure and Rs. 10 crores towards purchase of Inventory). The company has entered into an agreement for the operation and management of jewellery department with Kalakriti Agra Unit of Oswal Traders and Travels Private Limited (Kalakriti) for a period of 3 years.
Listing will enhance the corporate image and visibility of brand name of the Company providing liquidity to the existing shareholders.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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