Varanium Cloud Limited IPO Message Board (Page 8)

Hi members,

How to apply for hni funding and which is the best?

Thank you sir

dont apply on this

hi experts please advise me either apply one lot , last one year have too high profit, thanks

Avoid

NO.
Just avoid and save for other IPOs

Should i apply 2 retail Annapurna or 1anna and 1 cloud?

Allotment in Annapurna would be very tough, with limited funds one should go with Varanium only.
About Varanium, investor fancy business, financials are also decent.

nice way to exploit investors in form of QnA. Say no to varanium, be reasonable if the GMP was 27 this IPO would have already been 2x. It's all promotional game, I suspect mr DD has also taken money for this one.
This company has practically 0 clients other than promotors friend's company. Which brings us to the part of money laundring. No matter how high these people market the GMP, this will open at least -30% and retailers will be trapped.
From 2nd-3rd day you'll see promotor asking his friends to apply in QIB quota to attract more retail investors. full scam ipo

Fix 900

GMP 27

Last GMP heard Rs 22 k

Some financial information from RHP

- Company profit for last year is 840 Lakhs against which trade payables are 1623 Lakhs (Page 146 of RHP) and trade receivables for last year are only 386 Lakhs. - Cash in company bank account is 0.62 Lakhs (page 149).

Harsha Sabale CEO of Varaniun Networks was director or Jump Network Limited which is listed on BSE and has changed its name to Winpro Industries - now has zero revenues.

Anyone has any more information on this?

Varanium Cloud*

RHP page 24 - Risk 14. Our Promoter has direct/ indirect interest in certain of our Group Entities, Which are engaged in similar businesses, which may create a conflict of interest. Further we do not enjoy contractual protection by way of a non–compete or other agreement or arrangement with such Group Entities.
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Page 124 - On this basis, our Board has considered following as Group Companies of our Company.
1) Varanium Networks Private Limited (formerly known as Streamcast eSports Private Limited)
2) Varanium Lifestyle Private Limited
3) Varanium Earth Private Limited
————-
(NO MENTION OF JUMP NETWORKS BUT EASILY SEARCHABLE ON THE NET THAT IT HAS THE SAME PROMOTER)
Also, there is enough bad news on theshiftnews, easily searchable on the net, around Streamcast fraud and Harsh Sabale’s (promoters) chequered past.

Very surprised that DD sir gave ‘May apply’ for such an IPO.

Dilip D sir ka dil nahi hai iska review likne ka.

Wah DD sir- "May Apply". SME IPO ki bahaar mai sab ka dil dol gyaa.

Promoter owned and listed Jump Networks is bankrupt.

Another SME overall would be o/s 100 times

Mistake in RHP. #page 66
Revenue of this company is in Lakhs and not in Cr.
3535.21 lakhs

Need to be very careful about investing in this one as the MD doesn’t seem to be having a good reputation. Just found this when researching on him -
——
EXCLUSIVE: Leaked report shows Malta Enterprise knew past of Streamcast ‘investor’ who left trail of debt behind

The Shift Team
September 23, 2020 17:50
A due diligence report commissioned by Malta Enterprise had warned about Harshawardhan (known as ‘Harsh’) Sabale, the man behind the failed Streamcast investment that left a trail of debt behind after it was awarded what promised to be a multi-million euro project for Malta.
The leaked report seen by The Shift shows Malta Enterprise knew of Sabale’s dodgy past but still went ahead with offering him a lucrative deal for an investment that never materialised. Taxpayers forked out hundreds of thousands of euros for a data centre and got nothing in return.
———
IPO Lists same purpose of raising funds - setting up data centres!

@Kapz, thanks for posting.
@ Amit, He can mange 17 companies (as per zubacorp) with 18 hour work culture and Sunday hustle. 😀

first money call from shahukaar

cloud subject to 11,111

@ shahukaar
Aapne account joieta hoy toh lai jao
Aam pan hi Harsha retail ma nathi bharva no
Ahmedabad ma vadaj vistar ma aavi ne lai jao

badda ni fake application avti che fake GMP chalav mate.

Digital services sector is investors fancy, due to its bright future. Heavy subscription and handsome listing gain is expected

Top costly. Think before applying.
Abhi tau loot chal rahi hai sme ipo main.

An above par issue. Considerable gain expected on listing. Reminds of VIVO.

Feel similar to PE analytics

GOOD IPO. ON LISTING 50% LISTING GAIN POSSIBLE. LITTLE BIT HIGH VALUATION BUT GOOD COMPANY. SURE APPLY.