Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Varanium Cloud IPO is a fixed price issue of ₹36.60 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹36.60 crore.
Varanium Cloud IPO bidding started from Sep 16, 2022 and ended on Sep 20, 2022. The allotment for Varanium Cloud IPO was finalized on Sep 23, 2022. The shares got listed on NSE SME on Sep 27, 2022.
Varanium Cloud IPO price is ₹122.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,22,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,44,000.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Varanium Cloud IPO RHP for detailed Information.
| IPO Date | September 16, 2022 to September 20, 2022 |
| Listing Date | September 27, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹36.60 Cr) |
| Reserved for Market Maker | 4,86,000 shares Rikhav Securities Ltd. (aggregating up to ₹5.93 Cr) |
| Net Offered to Public | 25,14,000 shares (aggregating up to ₹30.67 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 70,51,434 shares |
| Share Holding Post Issue | 1,00,51,434 shares |
Varanium Cloud IPO offers total 30,00,000 shares. Out of which 12,57,000 (41.90%) allocated to NII, 12,57,000 (41.90%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,86,000 (16.20%) |
| NII (HNI) Shares Offered | 12,57,000 (41.90%) |
| Retail Shares Offered | 12,57,000 (41.90%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Varanium Cloud IPO opens on September 16, 2022, and closes on September 20, 2022.
| IPO Open Date | Fri, Sep 16, 2022 |
| IPO Close Date | Tue, Sep 20, 2022 |
| Tentative Allotment | Fri, Sep 23, 2022 |
| Initiation of Refunds | Mon, Sep 26, 2022 |
| Credit of Shares to Demat | Tue, Sep 27, 2022 |
| Tentative Listing Date | Tue, Sep 27, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 20, 2022 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,22,000 |
| Retail (Max) | 1 | 1,000 | ₹1,22,000 |
| HNI (Min) | 2 | 2,000 | ₹2,44,000 |
Incorporated in Dec 2017, Varanium Cloud Limited is a technology company focused on providing services surrounding the digital audio, video, and financial blockchain (for PayFac) based streaming services.
Varanium Cloud Business Verticles
Varanium Cloud Product Offerings
Edmission is a phy-gital (Physical and Digital) platform for educators and learners to come together online. It helps institutions in running digital classes. The platform has a video conferencing solution to support up to 1 million students and 2,000 teachers simultaneously.
JumpTalk provides a cloud platform for video and audio conferencing, webinars, chats, and file transfers.
Payfac provides aggregated payment gateway services to non-urban consumers.
Services including Hydra Web Solutions, Corporate & Public WiFi Mesh Services, and eCommerce-as-a-Service (EaaS).
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 765.39 | 12.44 | -148.9 | 185.74 | 0 |
| 31-Mar-21 | 833.09 | 419.51 | 289.25 | 327.3 | 0 |
| 31-Mar-22 | 4066.68 | 3535.21 | 840.19 | 1512.49 | 877.35 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Varanium Cloud IPO is ₹122.63 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.59 |
[Dilip Davda] The company incurred a loss in FY20 and marked spectacular top and bottom lines for FY22. This is a bit surprising as it operates in a highly competitive segment with many big players. The sustainability of such margins is a major concern. Surprisingly the market maker has the lion’s share of underwriting and the higher issue expenses go against it. Hence, well-informed/risk seekers may consider investment for the medium to long term. Read detail review...
| Listing Date | September 27, 2022 |
| BSE Script Code | |
| NSE Symbol | CLOUD |
| ISIN | INE0JOO01013 |
| Final Issue Price | ₹122 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹122.00 |
| Open | ₹131.00 |
| Low | ₹124.45 |
| High | ₹136.45 |
| Last Trade | ₹128.55 |
Varanium Cloud Ltd.
Third Floor, Plot No. 244-A RDP 2, CTS 1374/B
Vill, Versova SVP Nagar,
Four Bungalows,
Mumbai, Maharashtra, 400053
Phone: +91 22 2632 5683
Email: info@vrnm.com
Website: https://varanium.cloud/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Varanium Cloud IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹36.60 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The IPO opens on September 16, 2022, and closes on September 20, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Varanium Cloud IPO using UPI as a payment gateway. Zerodha customers can apply in Varanium Cloud IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Varanium Cloud IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Varanium Cloud IPO opens on September 16, 2022 and closes on September 20, 2022.
Varanium Cloud IPO lot size is 1000, and the minimum amount required for application is ₹1,22,000.
You can apply in Varanium Cloud IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Varanium Cloud IPO will be done on Friday, September 23, 2022, and the allotted shares will be credited to your demat account by Tuesday, September 27, 2022. Check the Varanium Cloud IPO allotment status.
The Varanium Cloud IPO listing date is on Tuesday, September 27, 2022.
Useful Articles
RHP