Varanium Cloud Limited IPO Detail
Incorporated in Dec 2017, Varanium Cloud Limited is a technology company focused on providing services surrounding the 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 & 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).
Company Promoters
MR. HARSHAWARDHAN HANMANT SABALEIPO Details
| IPO Opening Date | Sep 16, 2022 |
| IPO Closing Date | Sep 20, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹122 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹36.60 Cr |
| Fresh Issue | 3,000,000 shares of ₹10 (aggregating up to ₹36.60 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.06x | 0.34x | 0.20x | |
| Day 2 | - | - | 0.80x | 1.83x | 1.31x | |
| Day 3 | - | - | 5.83x | 5.09x | 5.46x |
IPO Tentative Timetable
The Varanium Cloud Limited IPO open date is Sep 16, 2022, and the close date is Sep 20, 2022. The issue may list on Sep 28, 2022.
| IPO Open Date | Sep 16, 2022 |
| IPO Close Date | Sep 20, 2022 |
| Basis of Allotment Date | Sep 23, 2022 |
| Initiation of Refunds | Sep 26, 2022 |
| Credit of Shares to Demat Account | Sep 27, 2022 |
| IPO Listing Date | Sep 28, 2022 |
IPO Lot Size
The Varanium Cloud Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹122000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹122000 |
| Maximum | 1 | 1000 | ₹122000 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 765.39 | 12.44 | -148.9 |
| 31-Mar-21 | 833.09 | 419.51 | 289.25 |
| 31-Mar-22 | 4066.68 | 3535.21 | 840.19 |
Objects of the Issue:
The objects of the Issue are:- Setting up 3 Nos. Containerized Edge Data Centres;
- Rollout of 3 Edmission flagship Digital Learning Centres;
- General Corporate Purpose.
Varanium Cloud Limited IPO Registrar:
Bigshare Services Pvt Ltd
Varanium Cloud Limited IPO Lead Manager(s):
First Overseas Capital Limited (Past IPO Performance)
Company Contact Information:
Varanium Cloud Limited
Third Floor, Plot No. 244-A RDP 2, CTS 1374/B Vill, Versova SVP Nagar, Four Bungalows
Mumbai
Maharashtra
