Varyaa Creations Ltd - IPO

Varyaa Creations Ltd IPO Details

Initial public issue of up to 13,40,000 equity shares of Rs. 10.00 each (Equity Shares) of Varyaa Creations Limited (Varyaa Creations or the Company) for cash at a price of Rs. 150.00/- per equity share (including a share premuim of Rs. 140/- per share) (the Issue Price), aggregating to Rs. 20.10 crores (The Issue), out of which 70,000 equity shares aggregating to Rs. 1.05 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 12,70,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 150.00/- per equity share aggregating to Rs. 19.05 crores is hereinafter referred to as the Net Issue. The issue and the net offer will constitute 27.97% and 26.51%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 150.00 is 15.00 times of the face value.

Objective of issue

Capital expenditure cost for the proposed new showroom purchase of inventory for the proposed new showroom. Purchase of inventory. General corporate purposes.

Varyaa Creations Ltd Contact Details

Varyaa Creations Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - info@varyaacreations.com

Website - www.varyaacreations.com