Varanium Cloud IPO will open for subscription from 16 September 2022. the company aims for an issue size of ₹36.60 Cr through this fixed price issue IPO.
Varanium Cloud Limited
The company is incorporated in Dec 2017, it is a technology company focused on providing services surrounding the digital audio, video, and financial blockchain (for PayFac) based streaming services.
The Company operates in the following key verticals:
- 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;
- Online payment facilitation services (PayFac);
- Provision of low bandwidth digital education content platforms (EdTech) with complete Learning Management Systems (LMS) focused on non-urban areas under the Edmission brand;
- 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
- 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.
- JumpTalk: JumpTalk provides a cloud platform for video and audio conferencing, webinars, chats, and file transfers.
- Online payment facilitation services (Payfac): Payfac provides aggregated payment gateway services to non-urban consumers.
- Infrastructure as a Service (IaaS): Services including Hydra Web Solutions, Corporate & Public WiFi Mesh Services, and eCommerce-as-a-Service (EaaS).
Objects of the Issue
- The rollout of 3 Edmission flagship Digital Learning Centres.
- Setting up 3 Nos. Containerized Edge Data Centres.
- General Corporate Purpose.
Basic details about the company
| Full name | Varanium Cloud Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://varanium.cloud/ |
Dates to remember
| IPO Opening date | 16 September 2022 |
| IPO Closing | 20 September 2022 |
| Basis of Allotment | 23 September 2022 |
| Initiation Refunds | 26 September 2022 |
| Credit to Demat Account | 27 September 2022 |
| Listing Date | 28 September 2022 |
Varanium Cloud IPO Details
| Subscription Dates | 16 – 20 September 2022 |
| Price Band | ₹122 per share |
| Fresh issue | 30,00,000 shares (₹36.60 crore) |
| Offer For Sale | NIL |
| Total IPO size | 30,00,000 shares (₹36.60 crore) |
| Minimum bid (lot size) | 1,000 share (₹1,22,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Varanium Cloud IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹122,000 |
| Retail (Max) | 1 | 1000 | ₹122,000 |
Varanium Cloud Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 12.44 | 419.51 | 3,535.21 |
| Expenses | 136.92 | 23.54 | 2,330.61 |
| Net income | (148.9) | 141.56 | 840.19 |
Varanium Cloud Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (5.13) | 4.88 | 13.23 |
| PE ratio | – | – | 9.22 |
| RONW (%) | 80.17 | 43.25 | 55.55 |
| NAV | – | – | 23.81 |
| Debt/Equity ratio | – | – | 0.02 |
| ROCE (%) | – | – | – |
Company Promoters
- Mr. Harshawardhan Hanmant Sabale
Lead Manager(s)
- First Overseas Capital Limited
Varanium Cloud IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6 – 2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Cave Road, Andheri (East),
Mumbai – 400093, Maharashtra
Phone: 22 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Varanium Cloud Contact Details
VARANIUM CLOUD LIMITED
Third Floor, Plot No. 244-A
RDP 2, CTS 1374/B Vill. Versova SVP Nagar,
Four Bungalows Mumbai- 400053,
Maharashtra, India
Phone: +91 8976 829 903
Email: info@vrnm.com
Website: https://vrnm.com
Varanium Cloud IPO Allotment Status
Varanium Cloud IPO allotment will be available on Bigshare Services’ website.
Click on this link to get allotment status.
Final thoughts
Varanium Cloud IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
