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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
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).
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 |
Last Date to buy shares | September 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 |
Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
Assets | 7.65 | 8.33 | 40.67 | 183.99 |
Revenue | 0.12 | 4.20 | 35.35 | 383.37 |
Profit After Tax | -1.49 | 1.42 | 8.40 | 85.46 |
Net Worth | ||||
Reserves and Surplus | -1.04 | 0.37 | 8.77 | 91.22 |
Total Borrowing |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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 Entitlements | September 29, 2023 |
Issue Opening Date | September 28, 2023 |
Issue Closing Date | October 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:
Steps to apply for Varanium Cloud Rights Issue 2023 using Net Banking (ASBA)
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)
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Non receipt of dividend is quite worrysome..