Varanium Cloud Rights Issue

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

  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 and 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’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 shares14 September 2023
Record Date15 September 2023
Credit of Rights Entitlements
Bid/Offer Opens On28 September 2023
Renunciation of Rights Entitlements29 September 2023
Bid/Offer Closes On04 October 2023
Deemed Date of Allotment06 October 2023
Credit Date10 October 2023
Listing Date12 October 2023

Varanium Cloud Rights Issue Details

Issue OpenSeptember 28, 2023 – October 4, 2023
Security NameVaranium 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 AtNSE
Terms of PaymentInvestors 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.
Entitlement1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Varanium Cloud Financials

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax-1.491.428.4085.46
Net Worth
Reserves and Surplus-1.040.378.7791.22
(Amount in ₹ Crore)

Varanium Cloud Rights Issue Documents

Lead Manager(s)

Varanium Cloud Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

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

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

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