The Varyaa Creations IPO, valued at Rs 20.10 crores, comprises solely a fresh issue of 13.4 lakh shares.Subscriptions for the Varyaa Creations IPO commenced on April 22, 2024, and will conclude today, April 25, 2024.
Allotment of shares is anticipated to be completed by Friday, April 26, 2024. The IPO is scheduled to be listed on BSE SME, with a tentative listing date set for Tuesday, April 30, 2024.
Priced at ₹150 per share, the Varyaa Creations IPO requires a minimum lot size of 1000 shares per application. For retail investors, the minimum investment stands at ₹150,000. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots, totaling 2000 shares, amounting to ₹300,000.
Inventure Merchant Banker Services Pvt Ltd serves as the book running lead manager for the Varyaa Creations IPO, while Bigshare Services Pvt Ltd is appointed as the registrar. Svcm Securities is designated as the market maker for the IPO.
As of April 25, 2024, at 1:49:06 PM (Day 4), the subscription status of the Varyaa Creations IPO indicates a total subscription rate of 2.67 times. Within this, the retail category saw a subscription of 4.87 times, while the NII category recorded a subscription of 0.46 times.
Here’s a breakdown of the subscription details:
– **NII (Non-Institutional Investors) Category:** The NII category witnessed a subscription rate of 0.46 times, with bids totaling 2,94,000 shares against the 6,35,000 shares offered.
– **Retail Category:** The retail category experienced strong interest, with a subscription rate of 4.87 times. Bids were made for 30,91,000 shares against the 6,35,000 shares offered.
Overall, the IPO received a total of 3,608 applications.
These figures reflect varying levels of investor interest across different categories, with particularly high demand from retail investors for the Varyaa Creations IPO.
