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Varanium Cloud Limited Rights Issue (Varanium Cloud Rights Issue 2023) Detail

September 28, 2023 - October 6, 2023
Varanium Cloud Limited Logo

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).

Varanium Cloud Rights Issue 2023 Detail

Issue Open September 28, 2023 - October 6, 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 Rights Issue 2023 Issue Timetable

Last Date to buy sharesSeptember 14, 2023
Record Date September 15, 2023
Credit of Rights Entitlements
Bid/Offer Opens On September 28, 2023
Renunciation of Rights Entitlements September 29, 2023
Bid/Offer Closes On October 6, 2023
Deemed Date of Allotment October 6, 2023
Credit Date October 10, 2023
Listing Date October 12, 2023

Company Financials

Varanium Cloud Rights Issue 2023 Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets7.658.3340.67183.99
Revenue0.124.2035.35383.37
Profit After Tax-1.491.428.4085.46
Net Worth
Reserves and Surplus-1.040.378.7791.22
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. To augment the existing and incremental working capital requirement of the company - Hydra BPO Unit.
  2. General Corporate Purposes.

Varanium Cloud Rights Issue 2023 Documents

Varanium Cloud Rights Issue 2023 Rating

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Varanium Cloud Rights Issue 2023 Reviews

Company 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/

Varanium Cloud Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Varanium Cloud Rights Issue 2023 Lead Manager(s)

Varanium Cloud Rights Issue 2023 FAQs

The Varanium Cloud Rights Issue 2023 opens on September 28, 2023, and closes on October 6, 2023.

Varanium Cloud Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsSeptember 29, 2023
Issue Opening DateSeptember 28, 2023
Issue Closing DateOctober 6, 2023
Date of Allotment (on or about)October 6, 2023
Date of Credit (on or about)October 10, 2023
Date of Listing (on or about)October 12, 2023

Varanium Cloud Rights Issue 2023 price is set at ₹123 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (September 15, 2023).

The record date for the Varanium Cloud Rights Issue 2023 is September 15, 2023.

The issue size of Varanium Cloud Rights Issue 2023 is of 4,020,574 equity shares at ₹123 per share aggregating upto ₹49.45 Crores.

The Letter of Offer for Varanium Cloud Rights Issue 2023 can be download here.

You can apply for Varanium Cloud Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Varanium Cloud Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Varanium Cloud Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Varanium Cloud Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Varanium Cloud Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Varanium Cloud Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

32 Comments

12. Sanchit Jain     Link|October 10, 2023 12:40:12 AM
Any reviews on the results?
Non receipt of dividend is quite worrysome..
11. AAvi     Link|September 28, 2023 12:42:59 PM
Tried to sell 400 RE on Zerodha. But, it says you can sell it in lot of 1000 only.
Confused
11.2. Aavi     Link|September 28, 2023 4:46:46 PM
Agreed
But, then what's the use of giving RE to shareholders whose current holding may not be such that they can receive 1000 RE.
11.3. Sanchit Jain     Link|October 4, 2023 10:13:20 PM
Same here.
I think its first of a kind rights issue in SME exchange.
10. R P GOYAL     Link|October 4, 2023 3:17:34 PM
ICICI BANK HAS UPDATED RIGHTS APPLICATION FOR VARANIUM CLOUD. NOW YOU CAN APPLY.
9. Amit     Link|October 3, 2023 1:27:02 PM
I have 100 shares entitlement; but not getting option to apply on Bigshare website....is it same with others too?
8. anilmwt     Link|October 2, 2023 5:38:00 PM
Can we apply for more quantity in rights issue or we have to apply only according to ur rights of holding shares

If am entitled to get 400 shares,
Can i apply for more..???
7. R P GOYAL     Link|October 2, 2023 9:08:34 AM
All ICICI BANK accountholders ......have patience-the issue will be resolved on 3rd Oct as assured by NODAL OFFICER as 1st and 2nd being HOLIDAY.
6. Aavi     Link|September 26, 2023 1:26:59 PM
Request one clarification
I have received 400 right entitlement.
If I buy these, my total holding will be 4400.
Market lot is 1000.
How do I sell 400 in Secondary market
6.7. SAHIL PATEL     Link|September 30, 2023 3:29:48 PM
If you want to apply right of varanium, you have to apply 1000 share of 1 lot. It shows in Canarabank net banking.
6.8. Aavi     Link|September 30, 2023 5:11:32 PM
It appears to be game being played. Retailers always remain to loose.
If the minimum quantity one can purchase or buy then what's the use of giving 400 right entitlement (odd lots)
They should have decided abinitio that only those shareholder will get right entitlement who qualifies for a minimum of 1000 right entitlements (ie those shareholders who are holding minimum of 10000 Cloud shares)
Strange........ making fool....
5. JaiShriKrishna     Link|September 30, 2023 9:33:43 AM
I can see 400 share in my demat ...but I have not paid any money till now...when we need to pay Rs 123 for these right issue...and how this can be pay...??
5.1. Aavi     Link|September 30, 2023 1:38:58 PM
What I have understood is that these are right entitlement. Given in the ration of 1:10, only to those who were holding Cloud shares.
They have separate ISIN number.
So, following are the three possibilities:
1. Existing shareholder claim/puchase/buy them (ASBA like IPO or RTA site).
2. Renounce them (trade) and enjoy premium without doing anything. But, that date is lapsed.
3. If none of the above taken then they will lase and won't be seen after closing date.
Those who didn't have the cloud share need to purchase these right entitlement and then claim them as being done by shareholder.
Problem I faced:
1. Couldn't trade them being less than market lot.
2. Not able to buy them, as my bank ICICI not showing this right issue.
3. RTA site of Bigshare so confusing and unfriendly that no idea as to how to proceed (saw other RTA sites - everything crystal clear).
If someone has any idea please guide.
4. Aavi     Link|September 28, 2023 10:28:26 AM
@Team Chittorgarh
@Any member
Request if you could solve my query.
I have received 400 RE.
Trading of RE started but it is in market lot of 1000.
What are the options for me.
Thanks in advance
Regards
3. Sanchit Jain     Link|September 11, 2023 8:29:29 AM
The company is reporting bumper profits and also paying dividends. May be it had identified some major investment for which right issue is needed..
3.1. Chetan     Link|September 27, 2023 10:51:57 AM
Sept. Quator result must be fentastick to cross eps 27.0 ttm and price crosses 200 next month for a deffinate as foreign outlet of company now opened. Right issue saperately listed in fractionated lot for a deffinate. Company is with very good prospect for a sure.
2. Blick     Link|September 27, 2023 4:02:06 AM
This is a fraud company. So think about it before you put your money here.
1. JaiShriKrishna     Link|September 6, 2023 9:33:39 PM
For this company some time before financial institute and promoter taken shares on 1250.

Current price of share in 150 ( so if take with bonus and split it is 15084=600).
Which is 50% of allotment to FI & promoter.

Now Right issue at 123....what is view of expert.
1.1. JaiShriKrishna     Link|September 7, 2023 3:32:18 PM
Current price of share in 150 ( so if take with bonus and split it is 150*4=600).
Which is 50% of allotment to FI & promoter.
1.2. Aavi     Link|September 26, 2023 1:24:40 PM
I think the preferential aspect didn't materialised.

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