Connect with us

Business & Finance

Varyaa Creations IPO: Price band, GMP, and key details ahead of launch



Varyaa Creations IPO GMP and other details in brief ahead of launch

Varyaa Creations IPO is set to enter the Indian market on April 22 and close on April 25, 2024. The jewelry company aims to raise ₹20.10 crore through the issuance of 13,40,000 equity shares at a price of ₹150 per share. The stock will be listed on the BSE SME exchange.

Investors are eagerly awaiting the Varyaa Creations IPO GMP (grey market premium), which is currently trading at par according to reports. The allotment date for the IPO is expected to be on April 26, 2024, with listing scheduled for April 30, 2024, on the BSE SME platform with Bigshare Services Pvt Ltd as the registrar.

Varyaa Creations has seen a significant increase in revenue by 112.55% in FY24, with a 36.13% jump in profit after tax, indicating effective operational control. In addition to Varyaa Creations, there are other IPOs in the pipeline, such as yarn manufacturer Sanathan Textiles and auto components maker Emmforce AutoTech.

Sanathan Textiles has filed for an ₹800 crore IPO, consisting of a fresh issue of equity shares amounting to ₹500 crore and an Offer For Sale (OFS) of up to ₹300 crore by promoters and entities within the promoter group. Meanwhile, Emmforce AutoTech is set to open its ₹54 crore IPO on April 23, with a price band of ₹93-98 per share and a closing date of April 25.

Click to comment

You must be logged in to post a comment Login

Leave a Reply