Varanium Cloud IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Varanium Cloud IPO release date, IPO offer price, subscription, Varanium Cloud Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 122 per share |
| Listing At | NSE SME |
| Min. Order Quantity | 1000 shares |
| Listing Date | Sep 28, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 3660 Lakh |
| IPO Size | Rs. 3660 Lakh |
| Tick Size | 1 |
Varanium Cloud IPO is listed at a Rs. 112 premium. Check out the live share price by clicking on the below link.
Varanium Cloud IPO – Summary
They provide services to stream high quality content and other digital services over low bandwidth to the clients. The services broadly fall under the Telecommunications Industry.
Further, the extent to which the industry and market data presented in this Prospectus is meaningful depends on the reader’s familiarity with and understanding of the methodologies used in compiling such data.
While the Company has exercised reasonable care in relying on such government, industry, market and other relevant data in this document, it has not been independently verified by the Company or any of its advisors, nor the Lead Manager or any of its respective advisors, and should not be relied on as if it had been so verified.
The Promoter of this company is MR. HARSHAWARDHAN HANMANT SABALE. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED .
Varanium Cloud IPO Date
The opening of Varanium Cloud IPO will be on Sep 16, 2022 and the closing date Sep 20, 2022.
Varanium Cloud IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Sept | 0.06x | 0.34x | 0.20x |
| 2nd Day – 19th Sept | 0.80x | 1.83x | 1.31x |
| 3rd Day – 20th Sept | 5.83x | 5.09x | 5.46x |
| Shares Offered or Net Issue | 1,257,000 | 1,257,000 | 2,514,000 |
The shares subscribed by the public will be updated here.
Varanium Cloud IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Varanium Cloud Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 23, 2022 |
| Refunds Initiation | Sep 26, 2022 |
| Credit of Shares to Demat Account | Sep 27, 2022 |
| Share Listing Date | Sep 28, 2022 |
Varanium Cloud IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.122.
Varanium Cloud IPO Equity Size
This Initial Public Issue of 30,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.122 per equity share aggregating to Rs.3660 Lakh.
Varanium Cloud IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 25,14,000 Equity Shares of Rs.10/ each.
Issue Size: Rs. 3,000,000 Equity Shares of Rs.10 each, aggregating to Rs. 3660 Lakh.
Open Free Demat Account Now!
Varanium Cloud IPO – Live Performance
The listing date of this IPO is Sep 28, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Varanium Cloud Share Price |
Varanium Cloud IPO Grey Market Premium
The Varanium Cloud Limited IPO Grey Market Premium price is Rs.25, the Kostak rate is Rs X and the Subject to Sauda is Rs. 20000.
Varanium Cloud IPO – Company Overview
They are a fast-growing Indian technology company that is focused on providing services surrounding digital audio, video and financial blockchain (for PayFac) based streaming services. The Company operates in the following key verticals:
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 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 a IaaS (Infrastructure As A Service) model;
Varanium Cloud IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 4066.68 | 833.09 | 765.39 |
| *Total Revenue | 3535.21 | 419.51 | 12.44 |
| Total Expense | 2,330.61 | 23.54 | 136.92 |
| Profit After Tax | 840.19 | 289.25 | -148.9 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | -5.13 | 4.88 | 13.23 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.840.19 Lakh, Rs.289.25 Lakh, and Rs. -148.9 Lakh, respectively.
Varanium Cloud IPO – Promoters
The Promoter of this company is:
- MR. HARSHAWARDHAN HANMANT SABALE
List of Related Parties (Key Managerial Personnel)
- Harshawardhan Hanmant Sabale, Chairman / Managing Director
- Fahim Iunus Shaikh, Executive Director
- Kalpesh Anil Acharekar, Non-Executive Non Independent Director
- Vinayak Vasant Jadhav, Executive Director
- Pratik Surendrakumar Shah, Independent Director
- Nidhi Jain, Independent Director
- Harshita Singhal, Independent Director
- Mukundan Raghavan, Chief Financial Officer
- Hetal Harshal Somani, Appointment as Company Secretary and Compliance Officer
Varanium Cloud IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 63.19%
Varanium Cloud IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 30,00,000 Equity Shares aggregating up to Rs. 3660 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 4,86,000 Equity Shares aggregating up to Rs.592.92 Lakh |
| Net Issue to the Public | Up to 25,14,000 Equity Shares aggregating up to Rs. 3067.08 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 70,51,434 Equity Shares |
| Equity Shares outstanding after the Issue | 1,00,51,434 Equity Shares |
Varanium Cloud IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Setting up 3 Nos. Containerized Edge Data Centres
2. Rollout of 3 Edmission flagship Digital Learning Centres
3. General Corporate Purpose.
Varanium Cloud IPO – Business Strategy
- Grow subscriber base across existing and new geographies
- Expand Product offerings
- Efficient and differentiated Infrastructure
- Focus on growth and margin enhancement
Varanium Cloud IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Transport Technology
- Low cost of delivery
- Valuable data insights
- Founder-led visionary management team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 13.23 | 55.55% | 23.81 |
| 31-Mar-21 | 4.88 | – | – |
| 31-Mar-20 | -5.13 | – | – |
Varanium Cloud IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in crores) | |
| Varanium Cloud Limited | 10 | 9.22 | 13.23 | 55.55 | 35 |
| Listed Peers | |||||
| Info Edge India Limited | 10 | 6.17 | 689.20 | 63.85 | 1732 |
| Infibeam Avenues Limited | 1 | 60.19 | 0.26 | 2.53 | 1175 |
Varanium Cloud IPO Lead Managers
| Lead Managers |
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Dalal Street, Fountain, Mumbai – 400 001, Maharashtra, India. Tel No.: +91 22 4050 9999 Fax No: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in SEBI Registration No: INM000003671 Contact Person: Satish Sheth / Mala Soneji |
Varanium Cloud IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
Varanium Cloud IPO – Other Details
- Statutory Auditor – M/s. A K Kocchar & Associates
- Legal Counsel to the Company – TMT Law Practice
- Bankers to the Company –ICICI Bank Limited
Varanium IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Varanium Cloud IPO
Varanium Cloud Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Varanium Cloud IPO Review FAQs
Check out various FAQs related to Varanium Cloud IPO:
What is the Issue Size of Varanium Cloud IPO?
The Company is making an initial public offer of 3,000,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Varanium Cloud IPO?
The price band for this particular IPO ranges between Rs. 122. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Varanium Cloud IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 16, 2022, while the closing date is set at Sep 20, 2022.
What is the Varanium Cloud IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 23, 2022, refund initiation is on Sep 26, 2022, credit of shares is on Sep 27, 2022, and share listing date is on Sep 28, 2022.
What is the Varanium Cloud IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 28, 2022. The date, when the listing would be done, is stagnant on Sep 28, 2022.
Who is the Registrar of Varanium Cloud IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Varanium Cloud IPO?
Here are the promoters of this IPO – MR. HARSHAWARDHAN HANMANT SABALE. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Varanium Cloud IPO?
We have obtained the GMP of this IPO and it is Rs 25. Further insights of Kostak rate and subject to sauda or SS Rs.20000x are as well included in this report.
Is Rhetan IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Varanium Cloud Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.840.19 Lakh, Rs.289.25 Lakh, and Rs. -148.9 Lakh, respectively.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics