Varanium Cloud IPO Details

Varanium Cloud IPO Details

Incorporated in December 2017, Varanium Cloud Limited is a technology company focused on providing services around streaming services for digital audio, video, and finance based on the blockchain (for PayFac).  

Provisioning Information Technology related services for startups and SMEs, helping them to move their businesses into digital platforms, and managing related infrastructure in the IaaS (Infrastructure As A Service) model.   

Varanium Clouds IPO is scheduled to begin on September 16, 2022, and will end on September 20, 2022. The company has fixed this IPO price of Rs.122 based on Rs.10 Face Value. The company will raise Rs36.60 crores via this IPO on the basis of public issue of 300,00,000 equity shares. And, the offering is 100% fixed price issuance.   

Varanium’s unique Network Transport Technology allows for content delivery faster and cheaper to the end devices. Varanium’s technology is also fully device-agnostic, delivering on any mobile or display device, wired or wireless, regardless of operating system or screen type. 

Varanium Cloud IPO Allotment Status

Varanium Cloud IPO Allotment Status (Allotment will be done on September 23, 2022)Click Here

Important Dates

IPO Opening DateSeptember 16, 2022
IPO Closing DateSeptember 20, 2022
Basis of AllotmentSeptember 23, 2022
Initiation of RefundsSeptember 26, 2022
Credit of Shares to DematSeptember 27, 2022
IPO Listing DateSeptember 28, 2022

Varanium Cloud IPO Details

IPO Price Band₹122 Per Equity Share
IPO Lot SizeMinimum 1000 shares for 1 lot
Minimum Amount₹1,22,000 for 1 lot
IPO SizeApprox. ₹36.60 Crores
Listing AtBSE, NSE
Offer for Sale3,000,000 Equity Shares
Retail Quota:50%
QIB Quota:
NII Quota:50%
DRHP Draft Prospectus:Click Here
Click HereClick Here

Varanium Cloud IPO GMP (Grey Market Premium)

DateGMPSubject toListing Gain
24 September₹25₹20,00020%

Varanium Cloud IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions
Non-Institutional Buyers5.83
Retail Investors5.09
Employees
Others
Total5.46

Varanium Cloud IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Sep 16, 2022
0.060.340.20
Day 2
Sep 19, 2022
0.801.831.31
Day 3
Sep 20, 2022
5.835.095.46

Financial Report

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

Valuation – FY2022

 Earning Per Share (EPS):₹13.23 per Equity Share
 Price/Earning P/E Ratio:9.22
 Return on Net Worth (RoNW):55.55%
 Net Asset Value (NAV):₹23.81 per Equity Share

Varanium Cloud IPO Review

What our Expert say about Varanium Cloud IPO ReviewAvoid

Objective of the Issue

  • Setting up 3 Nos. Containerized Edge Data Centres
  • Rollout of 3 Edmission flagship Digital Learning Centres
  • General Corporate Purpose.

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: http://www.bigshareonline.com

Peer Group

  • Info Edge India Limited
  • Infibeam Avenues Limited
  • Tanla Platforms Limited
  • Route Mobile Limited

Company Promoters

  • Harshawardhan Hanmant Sabale

Company Address

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/

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