Fixed Price IPO | ₹37 Cr | Listed at NSE SME | Fri, Sep 16, 2022 - Tue, Sep 20, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 16, 2022
IPO Close
Tue, Sep 20, 2022
Issue Price
₹122 per share
Market Cap (Pre-IPO)
₹122.63 Cr
| IPO Date | 16 to 20 Sep, 2022 |
| Listed on | Tue, Sep 27, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹37 Cr) |
| Reserved for Market Maker | 4,86,000 shares Rikhav Securities Ltd. (agg. up to ₹6 Cr) |
| Fresh Issue (Ex Market Maker) | 25,14,000 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 25,14,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 70,51,434 shares |
| Share Holding Post Issue | 1,00,51,434 shares |
| NSE Symbol | CLOUD |
| ISIN | INE0JOO01013 |
Varanium Cloud IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 25,14,000 shares, after excluding 4,86,000 shares allotted on a firm basis. Of the Net offer 12,57,000 (50.00%) allocated to NII 12,57,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,57,000 | 50.00% | 41.90% |
| Retail Shares Offered | 12,57,000 | 50.00% | 41.90% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,86,000 | 16.20% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 40.67 | 8.33 | 7.65 |
| Total Income | 35.35 | 4.20 | 0.12 |
| Profit After Tax | 8.40 | 2.89 | -1.49 |
| NET Worth | 15.12 | 3.27 | 1.86 |
| Reserves and Surplus | 8.77 | 0.00 | 0.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up 3 Nos. Containerized Edge Data Centres | 23.40 |
| 2 | Rollout of 3 Edmission flagship Digital Learning Centres | 8.40 |
| 3 | General Corporate Purpose | 8.59 |
| KPI | |
|---|---|
| RoNW | 55.55% |
| PAT Margin | 68.95% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 23.81 | |
| P/E (x) | 14.59 | |
| Market Cap | ₹122.63 Cr. |
The Varanium Cloud IPO is subscribed 5.46 times on September 20, 2022 7:00:00 PM (Day 3). The public issue subscribed 5.09 times in the retail category, [.] times in the QIB category, and 5.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 5.83 | 12,57,000 | 73,31,000 |
| Retail | 5.09 | 12,57,000 | 63,95,000 |
| Total | 5.46 | 25,14,000 | 1,37,26,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 2.55 |
| 2 | Advertising and marketing expenses | 0.35 |
| 3 | Printing and stationery expenses, distribution and postage | 0.14 |
| 4 | Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹122.00 |
| Open | ₹131.00 |
| Low | ₹124.45 |
| High | ₹136.45 |
| Last Trade | ₹128.55 |
Lead Manager Reports
Varanium Cloud IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹37 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Sep 16, 2022, and closes on Tue, Sep 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 Fri, Sep 16, 2022 and closes on Tue, Sep 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 Tue, Sep 27, 2022. Check the Varanium Cloud IPO allotment status.
The Varanium Cloud IPO listing date is on Tue, Sep 27, 2022.
