Varyaa Creations launched its IPO on April 22, closing on April 25, with a price of ₹150 per share and a minimum subscription of 1,000 shares. The allotment status of Varyaa Creations IPO is expected to be finalised later today.
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Checking IPO Allotment Status on Registrar’s Website
IPO investors can check their allotment status for Varyaa Creations on the Bigshare Services Pvt. Ltd. website by following these steps:
Go to the registrar’s website.Select “Varyaa Creations” from the “Company Selection” dropdown menu.Input your PAN, application number, or Demat account details.Enter the Captcha and click ‘Search’ to view your allotment status.
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Varyaa Creations IPO Subscription Status
By the fourth day, the subscription for Varyaa Creations IPO reached 3.59 times the available shares, with the retail portion 6.09 times oversubscribed and other categories 1.08 times oversubscribed. The shares designated 47.39% of shares to retail individual investors and the same percentage to non-institutional bidders.
Varyaa Creations IPO GMP Today
The grey market premium (GMP) for Varyaa Creations IPO stood at ₹0, indicating that shares traded at the issue price of ₹150 without any premium or discount, according to investorgain.com.
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Varyaa Creations IPO Details
The IPO aims to raise approximately ₹20.10 crore through the issuance of 1,340,000 new equity shares, each with a face value of ₹10, without an offer-for-sale component. The company plans to use the net proceeds to finance the opening of a new showroom, cover associated capital expenditures, purchase inventory for the new showroom, and for general corporate purposes.
About Varyaa Creations: Varyaa Creations trades in gold, silver, other metals, precious and semi-precious stones, and has recently included lab-grown diamonds to meet the demand for ethically sourced products. The company also produces a wide range of jewellery items like pearls, gemstones, necklaces, earrings, tops, rings, and bracelets, and offers custom jewellery designs. Promoters Sarika and Pooja Naheta bring over 20 years of experience in the jewellery and stone industries to the company.
