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
- 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 the 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 an IaaS (Infrastructure As A Service) model.
Varanium Cloud Product Offerings
- EdmissionEdmission 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.
- JumpTalkJumpTalk provides a cloud platform for video and audio conferencing, webinars, chats, and file transfers.
- Online payment facilitation services (Payfac)Payfac provides aggregated payment gateway services to non-urban consumers.
- Infrastructure as a Service (IaaS)Services including Hydra Web Solutions, Corporate & Public WiFi Mesh Services, and eCommerce-as-a-Service (EaaS).
Company Financials
| 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 |
Objects of the Issue
The objects of the Issue are: 1. Setting up 3 Nos. Containerized Edge Data Centres; 2. Rollout of 3 Edmission flagship Digital Learning Centres; and 3. General Corporate Purpose.
Varanium Cloud IPO Details
| Varanium Cloud IPO Date | Sep 16, 2022 to Sep 20, 2022 |
| Varanium Cloud IPO Face Value | ₹10 per share |
| Varanium Cloud IPO Price | ₹122 per share |
| Varanium Cloud IPO Lot Size | 1000 Shares |
| Issue Size | 3,000,000 shares of ₹10 (aggregating up to ₹36.60 Cr) |
| Fresh Issue | 3,000,000 shares of ₹10 (aggregating up to ₹36.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Varanium Cloud IPO Timeline
Varanium Cloud IPO opens on Sep 16, 2022, and closes on Sep 20, 2022. The Varanium Cloud IPO bid date is from Sep 16, 2022 10.00 A.M. to Sep 20, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| Varanium Cloud IPO Opening Date | Sep 16, 2022 |
| Varanium Cloud IPO Closing Date | Sep 20, 2022 |
| Basis of Allotment | Sep 23, 2022 |
| Initiation of Refunds | Sep 26, 2022 |
| Credit of Shares to Demat | Sep 27, 2022 |
| Varanium Cloud IPO Listing Date | Sep 28, 2022 |
Varanium Cloud IPO Lot Size
The Varanium Cloud IPO lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹122,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹122,000 |
| Retail (Max) | 1 | 1000 | ₹122,000 |
Varanium Cloud IPO Review
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…
Varanium Cloud IPO Subscription Status (Bidding Detail)
The Varanium Cloud IPO is subscribed 0.20 times on Sep 16, 2022 5:00:00 PM. The public issue subscribed 0.34 times in the retail category, times in the QIB category, and 0.06 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.06 |
| Retail | 0.34 |
| Total | 0.20 |
Varanium Cloud IPO Prospectus
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Company Contact Information
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/
Varanium Cloud IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com