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Varanium Cloud IPO is a fixed price issue of Rs 36.60 crores. The issue is entirely a fresh issue of 30 lakh shares.
Varanium Cloud IPO bidding started from September 16, 2022 and ended on September 20, 2022. The allotment for Varanium Cloud IPO was finalized on Friday, September 23, 2022. The shares got listed on NSE SME on September 27, 2022.
Varanium Cloud IPO price is ₹122 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹122,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹244,000.
First Overseas Capital Limited is the book running lead manager of the Varanium Cloud IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Varanium Cloud IPO RHP for detailed information.
| IPO Date | September 16, 2022 to September 20, 2022 |
| Listing Date | September 27, 2022 |
| Face Value | ₹10 per share |
| Price | ₹122 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹36.60 Cr) |
| Fresh Issue | 3,000,000 shares (aggregating up to ₹36.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,051,434 |
| Share holding post issue | 10,051,434 |
| Market Maker portion | 486,000 shares |
Varanium Cloud IPO offers 3,000,000 shares. 1,257,000 (41.90%) to NII, 1,257,000 (41.90%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 486,000 (16.20%) |
| Other Shares Offered | 1,257,000 (41.90%) |
| Retail Shares Offered | 1,257,000 (41.90%) |
| Total Shares Offered | 3,000,000 (100%) |
Varanium Cloud IPO opens on September 16, 2022, and closes on September 20, 2022.
| IPO Open Date | Friday, September 16, 2022 |
| IPO Close Date | Tuesday, September 20, 2022 |
| Basis of Allotment | Friday, September 23, 2022 |
| Initiation of Refunds | Monday, September 26, 2022 |
| Credit of Shares to Demat | Tuesday, September 27, 2022 |
| Listing Date | Tuesday, September 27, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2022 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹122,000 |
| Retail (Max) | 1 | 1000 | ₹122,000 |
| HNI (Min) | 2 | 2,000 | ₹244,000 |
| Lot Size Calculator | |||
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
Varanium Cloud Product Offerings
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 provides a cloud platform for video and audio conferencing, webinars, chats, and file transfers.
Payfac provides aggregated payment gateway services to non-urban consumers.
Services including Hydra Web Solutions, Corporate & Public WiFi Mesh Services, and eCommerce-as-a-Service (EaaS).
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 765.39 | 12.44 | -148.9 | 185.74 | 0 |
| 31-Mar-21 | 833.09 | 419.51 | 289.25 | 327.3 | 0 |
| 31-Mar-22 | 4066.68 | 3535.21 | 840.19 | 1512.49 | 877.35 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Varanium Cloud IPO is Rs 122.63 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.59 |
[Dilip Davda] The company incurred a loss in FY20 and marked spectacular top and bottom lines for FY22. This is a bit surprising as it operates in a highly competitive segment with many big players. The sustainability of such margins is a major concern. Surprisingly the market maker has the lion’s share of underwriting and the higher issue expenses go against it. Hence, well-informed/risk seekers may consider investment for the medium to long term. Read detail review...
The Varanium Cloud IPO is subscribed 5.46 times on September 20, 2022 7:00:00 PM. The public issue subscribed 5.09 times in the retail category, times in the QIB category, and 5.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 5.83 |
| Retail | 5.09 |
| Total | 5.46 |
| Listing Date | September 27, 2022 |
| BSE Script Code | |
| NSE Symbol | CLOUD |
| ISIN | INE0JOO01013 |
| Final Issue Price | ₹122 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹122.00 |
| ₹131.00 |
| ₹124.45 |
| ₹136.45 |
| ₹128.55 |
Varanium Cloud Limited
Third Floor, Plot No. 244-A RDP 2, CTS 1374/B
Vill, Versova SVP Nagar, Four Bungalows
Mumbai- 400053
Phone: +91 22 2632 5683
Email: info@vrnm.com
Website: https://varanium.cloud/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Varanium Cloud IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹36.60 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000 Shares.
The IPO opens on September 16, 2022, and closes on September 20, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Varanium Cloud IPO using UPI as a payment gateway. Zerodha customers can apply in Varanium Cloud IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Varanium Cloud IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Varanium Cloud IPO opens on September 16, 2022 and closes on September 20, 2022.
Varanium Cloud IPO lot size is 1000 Shares, and the minimum amount required is ₹122,000.
You can apply in Varanium Cloud IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Varanium Cloud IPO will be done on Friday, September 23, 2022, and the allotted shares will be credited to your demat account by Tuesday, September 27, 2022. Check the Varanium Cloud IPO allotment status.
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