₹49.45 Crores | Listing at NSE | Thu, Sep 28, 2023 - Fri, Oct 6, 2023
Varanium Cloud Limited Rights Issue comprises 0.4021 Cr equity shares aggregating to ₹49.45 Cr, offered at an issue price of ₹123 per share with a face value of ₹5 per share.
The record date for determining eligible shareholder is Sep 15, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 10.
The term of payment is defined as following : Investors will have to pay Rs. 2.50 at the time of application, Rs. 2.50 at the time of one or more subsequent calls as determined by the Board.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Sep 28, 2023, and closes on Oct 6, 2023, with renunciation of Rights Entitlements permitted up to Sep 29, 2023.
The deemed date of allotment is Oct 6, 2023, following which the equity shares are expected to be credited to demat accounts on Oct 10, 2023 and listed at the NSE on Oct 12, 2023.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Varanium Cloud Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 15, 2023
Entitlement Ratio
1 : 10
Open Date
Thu, Sep 28, 2023
Close Date
Fri, Oct 6, 2023
Investors will have to pay Rs. 2.50 at the time of application, Rs. 2.50 at the time of one or more subsequent calls as determined by the Board.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 7.65 | 8.33 | 40.67 | 183.99 |
| Revenue | 0.12 | 4.20 | 35.35 | 383.37 |
| Profit After Tax | -1.49 | 1.42 | 8.40 | 85.46 |
| Net Worth | ||||
| Reserves and Surplus | -1.04 | 0.37 | 8.77 | 91.22 |
| Total Borrowing |
Incorporated in 2017, Varanium Cloud Limited, previously known as Streamcast Cloud, is a technology company focused on providing services surrounding digital audio, video, and financial blockchain (for PayFac) based streaming services.
Varanium Cloud Business Verticles
Varanium Cloud's product portfolio includes Edmission, a phy-gital (Physical and Digital) platform for educators and learners to come together online; Jumptalk, a cloud platform for video and audio conferencing, webinars, chats, and file transfers; Payfac (Online payment facilitation services), it provides aggregated payment gateway services to non-urban consumers, and Infrastructure as a Service (IaaS), services including Hydra Web Solutions, Corporate & Public WiFi Mesh Services, and eCommerce-as-a-Service (EaaS).
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The counter galloped post its bumper performance for FY23 and attracted attention of the investors. It will be too early to predict the likely future trends. More surprises may be in the store from this company. Well-informed investors may park funds for medium to long-term rewards. Read detail review...
Varanium Cloud Limited
Plot No. 244-A RDP 2, CTS 1374/B,
SVP Nagar, Ratan Nagar Ln, Versova,
Mumbai - 400053
Mumbai, Maharashtra, 400053
The Varanium Cloud Rights Issue 2023 opens on Thu, Sep 28, 2023, and closes on Fri, Oct 6, 2023.
Varanium Cloud Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Sep 29, 2023 |
| Issue Opening Date | Thu, Sep 28, 2023 |
| Issue Closing Date | Fri, Oct 6, 2023 |
| Date of Allotment (on or about) | Fri, Oct 6, 2023 |
| Date of Credit (on or about) | Tue, Oct 10, 2023 |
| Date of Listing (on or about) | Thu, Oct 12, 2023 |
You can apply for Varanium Cloud Rights Issue 2023 in two ways:
Steps to apply for Varanium Cloud Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Varanium Cloud Rights Issue 2023 using Registrar's website (R-WAP)
