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Varanium Cloud Limited IPO (Varanium Cloud IPO) Detail

Sep 16, 2022 - Sep 20, 2022

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

  1. Provision of digital audio and video content streaming services to various content owners and telecom operators in India and internationally on a SaaS (Software As A Service) model such as Voice & Video over Internet Protocol solutions (VoIP) in the B2B and B2C segments;
  2. Online payment facilitation services (PayFac);
  3. Provision of low bandwidth digital education content platforms (EdTech) with complete Learning Management Systems (LMS) focused on non-urban areas under the Edmission brand;
  4. Provision of information technology-related services to startups and SMEs to help them transition their business to digital platforms and manage the relevant infrastructure on an IaaS (Infrastructure As A Service) model.

Varanium Cloud Product Offerings

  1. Edmission

    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.

  2. JumpTalk

    JumpTalk provides a cloud platform for video and audio conferencing, webinars, chats, and file transfers.

  3. Online payment facilitation services (Payfac)

    Payfac provides aggregated payment gateway services to non-urban consumers.

  4. Infrastructure as a Service (IaaS)

    Services including Hydra Web Solutions, Corporate & Public WiFi Mesh Services, and eCommerce-as-a-Service (EaaS).

Company Financials

Varanium Cloud Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20765.3912.44-148.9185.740
31-Mar-21833.09419.51289.25327.30
31-Mar-224066.683535.21840.191512.49877.35
Amount in ₹ Lakhs

Objects of the Issue

The objects of the Issue are: 1. Setting up 3 Nos. Containerized Edge Data Centres; 2. Rollout of 3 Edmission flagship Digital Learning Centres; and 3. General Corporate Purpose.

Varanium Cloud IPO Details

Varanium Cloud IPO Date Sep 16, 2022 to Sep 20, 2022
Varanium Cloud IPO Face Value ₹10 per share
Varanium Cloud IPO Price ₹122 per share
Varanium Cloud IPO Lot Size 1000 Shares
Issue Size3,000,000 shares of ₹10
(aggregating up to ₹36.60 Cr)
Fresh Issue3,000,000 shares of ₹10
(aggregating up to ₹36.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50%
Retail Shares Offered50%

Varanium Cloud IPO Timeline (Tentative Timetable)

Varanium Cloud IPO opens on Sep 16, 2022, and closes on Sep 20, 2022. The Varanium Cloud IPO bid date is from Sep 16, 2022 10.00 A.M. to Sep 20, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Varanium Cloud IPO Opening Date Sep 16, 2022
Varanium Cloud IPO Closing Date Sep 20, 2022
Basis of Allotment Sep 23, 2022
Initiation of Refunds Sep 26, 2022
Credit of Shares to Demat Sep 27, 2022
Varanium Cloud IPO Listing Date Sep 27, 2022

Varanium Cloud IPO Lot Size

The Varanium Cloud IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹122,000).

Application Lots Shares Amount
Retail (Min) 1 1000 ₹122,000
Retail (Max) 1 1000 ₹122,000

Varanium Cloud IPO Review

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...


Varanium Cloud IPO Subscription Status (Bidding Detail)

The Varanium Cloud IPO is subscribed 5.46 times on Sep 20, 2022 7:00:00 PM. 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)

CategorySubscription (times)
NII5.83
Retail5.09
Total5.46

Varanium Cloud IPO Prospectus

Varanium Cloud IPO Rating

185
3.6
Rating:Rated 3.6 stars
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Varanium Cloud IPO Listing Date

Listing Date Tuesday, September 27, 2022
BSE Script Code
NSE Symbol CLOUD
Listing In ST Group of Securities
ISIN INE0JOO01013
IPO Price ₹122 per share
Face Value ₹10 per share

Company Contact Information

Varanium Cloud Limited
Third Floor, Plot No. 244-A RDP 2, CTS 1374/B
Vill, Versova SVP Nagar, Four Bungalows
Mumbai- 400053
Phone: +91 22 2632 5683
Email: info@vrnm.com
Website: https://varanium.cloud/

Varanium Cloud IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Varanium Cloud IPO Review

Varanium Cloud IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 3 0 8

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Varanium Cloud IPO FAQs

Varanium Cloud IPO is a SME IPO of 3,000,000 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 Shares.

The IPO opens on Sep 16, 2022, and closes on 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Varanium Cloud IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Varanium Cloud IPO opens on Sep 16, 2022 and closes on Sep 20, 2022.

Varanium Cloud IPO lot size is 1000 Shares and the minimum order quantity is .

You can apply in Varanium Cloud IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Varanium Cloud IPO will be done on Sep 23, 2022, and the allotted shares will be credited to your demat account by Sep 27, 2022. Check the Varanium Cloud IPO allotment status.

The Varanium Cloud IPO listing date is on Tuesday, September 27, 2022.
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