Varyaa Creations Ltd Share Price – BSE

Trading, Small Cap

Varyaa Creations will hold a meeting of the Board of Directors of the Company on 14 November 2024

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Varyaa Creations announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.

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The scrip was listed at Rs 285, a premium of 90% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 299.25 and a low of Rs 270.75. About 2.02 lakh shares of the company changed hands at the counter.

Varyaa Creations' IPO was subscribed 3.45 times. The issue opened for bidding on 22 April 2024 and it closed on 25 April 2024. The price of the IPO was fixed at Rs 150 per share.

The IPO comprised fresh issue of 13,40,000 equity shares. The promoter and promoter group shareholding diluted to 72.02% from 100% pre-IPO.

The company intends to utilise the net proceeds to finance the establishment of the new showroom, capital expenditure cost for the proposed new showroom, purchase of inventory for the proposed new showroom, purchase of inventory and general corporate purposes.

Varyaa Creations engaged in the wholesale trade of gold, silver, precious stones, and semi-precious stones. The company utilizes job workers located in Mumbai for their jewellery production. Their product portfolio encompasses necklaces, earrings, tops, rings, bracelets, bangles, gemstones (including diamonds, lab-grown diamonds, and pearls), and they offer customization options to cater to specific customer requests. The company will sell its products through its own online platform, www.bauleberry.com. As on 31 March 2024, the company has 8 employees.

The company recorded revenue from operations of Rs 17.18 crore and net profit of Rs 3.51 crore for the period as on 31 December 2023.

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The equity shares of Varyaa Creations (Scrip Code: 544168) are listed effective 30 April 2024 and admitted to dealings on the Exchange in the list of ''MT'' Group Securities.

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