Varanium Cloud was incorporated on December 21, 2017. It is an Indian technology company that is focused on providing services surrounding the digital audio, video and financial blockchain (for PayFac) based streaming services.
| Bidding Dates |
|---|
| 16 Sep 2022 - 20 Sep 2022 |
| Subscription |
|---|
| 5.46x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,000 | 1 | 1 | 1000 | 3.0 M | ₹122 | 70.15 % | ₹366.0 M | RHP DOC |
Varanium Cloud IPO SUBSCRIPTION STATUS
20 Sep '22Varanium Cloud IPO overall subscription rate was 5.46 times the total available shares
Varanium Cloud IPO retail subscription rate was 5.08 times in the retail segment
Varanium Cloud IPO non-institutional investor subscription rate was 5.83 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Sep 2022 (Day 3) | 5.08x | 5.83x | - |
19 Sep 2022 (Day 2) | 1.83x | 0.8x | - |
16 Sep 2022 (Day 1) | 0.34x | 0.06x | - |
Varanium Cloud FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 84.0 | 353.5 | 311.7 | -1.0 |
| FY21 | 14.2 | 37.5 | -3.0 | -3.0 |
| FY20 | -14.9 | 0.0 | -23.1 | -23.1 |
Varanium Cloud IPO SUBSCRIPTION STATUS DETAILS
Varanium Cloud had 3.0 M shares on offer
Varanium Cloud IPO offer price was ₹122
Varanium Cloud IPO minimum Investment was ₹122000
Varanium Cloud IPO issue size was ₹ 366.0 M
Varanium Cloud had a minimum lot size of 1000 Shares per application
Varanium Cloud NUMBER OF SHARES ON OFFER
Varanium Cloud IPO IMPORTANT DATES
| Issue Open Date | 16 Sep 2022 |
| Issue close Date | 20 Sep 2022 |
| Allotment Date | 23 Sep 2022 |
| Refund Date | 26 Sep 2022 |
| Demat Account Credit Date | 27 Sep 2022 |
| Listing Date | 27 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Varanium Cloud Allotment Status | Exchange |
Varanium Cloud IPO subscription opened on 16 Sep 2022, and closed on 20 Sep 2022
IPO allotment for Varanium Cloud was finalized on Friday, 23 Sep 2022
IPO listing for Varanium Cloud was on NSE on Tuesday, 27 Sep 2022
Varanium Cloud IPO LISTING GAINS
| Issue Price (adjusted) | 30.5 |
| Listing Open Price | 131.0 |
| Listing Close Price | 128.6 |
| Listing Gain% | 7.4% |
| Current Gain% | -80.8% |
Varanium Cloud INFORMATION ON IPO ISSUE
About Varanium Cloud
Varanium Cloud was incorporated on December 21, 2017. It is an Indian technology company that is focused on providing services surrounding the digital audio, video and financial blockchain (for PayFac) based streaming services.
Object of the Issue
- Setting up three numbers containerized edge data centres
- Rollout of three edmission flagship digital learning centres
- General corporate purpose
Varanium Cloud - PROMOTERS
| Name |
|---|
| Harshawardhan Hanmant Sabale |
Varanium Cloud Lead Manager of the Issue
First Overseas Capital Limited
satish@focl.in
Varanium Cloud Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
Varanium Cloud Strengths
Transport technology
The company's technology makes it a low bandwidth provider of cloud-based SaaS services to audiences that are traditionally not reachable
Low cost of delivery
The development of owning the technology and data center has minimized the company's reliance on third-party commercial hardware and software, optimized operating costs and given it the flexibility to innovate and scale the business rapidly
Founder-led visionary management team
The company's core management team has been with the group for quite some time, setting the foundation for and developing a long-term vision
Varanium Cloud Risks
Outstanding legal proceeding
There are certain outstanding legal proceedings against the company which may adversely affect business, financial condition and results of operations
No long term agreements
The company has not entered into any long-term contracts with any of the clients
Regionally concentrated
The company's operations are significantly located in the Maharashtra region
IPO FAQs
Varanium Cloud Ltd. IPO listing opened at Rs 131.00 while the issue price was Rs 122.00 giving 7.38% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 30.50 giving -80.82% gains since its IPO listing.
The promoter of the company is Harshawardhan Hanmant Sabale.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 122.0 - 122.0.
The IPO application opens on Sep 16, 2022 and closes on Sep 20, 2022.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 122,000.0, the maximum value for this IPO is Rs 122,000.0.
This IPO will be allotted on Sep 23, 2022.
The refund will be credited to your account on Sep 26, 2022.
The allotted shares will be credited to your demat on Sep 27, 2022.
Varanium Cloud Ltd.’s shares listed on the stock exchanges on Sep 27, 2022.