Varanium Cloud Rights Issue will open for subscription from 28 September 2023. the company aims for an issue size of ₹49.45 Crores through this rights Issue.
About the company
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
- 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 and 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’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).
Objectives of the Issue
- To augment the existing and incremental working capital requirement of the company – Hydra BPO Unit.
- General Corporate Purposes.
Varanium Cloud Rights Issue Timetable
| Last Date to buy shares | 14 September 2023 |
| Record Date | 15 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 28 September 2023 |
| Renunciation of Rights Entitlements | 29 September 2023 |
| Bid/Offer Closes On | 04 October 2023 |
| Deemed Date of Allotment | 06 October 2023 |
| Credit Date | 10 October 2023 |
| Listing Date | 12 October 2023 |
Varanium Cloud Rights Issue Details
| Issue Open | September 28, 2023 – October 4, 2023 |
| Security Name | Varanium Cloud Limited |
| Issue Size (Shares) | 4,020,574 |
| Issue Size (Amount) | ₹49.45 Crores |
| Issue Price | ₹123 per share |
| Face Value | ₹5 per share |
| Listing At | NSE |
| Terms of Payment | 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. |
| Entitlement | 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Varanium Cloud Financials
| 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 |
Varanium Cloud Rights Issue Documents
Lead Manager(s)
Varanium Cloud Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Varanium Cloud Contact Information
Varanium Cloud Limited
Plot No. 244-A RDP 2, CTS 1374/B,
SVP Nagar, Ratan Nagar Ln, Versova,
Mumbai – 400053
Phone: +91 2226325683
Email: info@vrnm.com
Website: https://varanium.cloud/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
