Varanium Cloud Rights Issue will open for subscription from 28 September 2023. the company aims for an issue size of ₹49.45 Crores through this rights Issue.
About the company
incorporate in 2017 , Varanium Cloud Limited is is , previously know as Streamcast Cloud , is a technology company focus on provide service surround digital audio , video , and financial blockchain ( for PayFac ) base streaming service .
Varanium Cloud Business Verticles
- provision of digital audio and video content streaming service to various content owner and telecom operator in India and internationally on a SaaS ( Software As A Service ) model such as Voice and video over Internet Protocol solution ( VoIP ) in the B2B and B2C segment ;
- online payment facilitation service ( 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 – relate service to startup and sme to help them transition their business to digital platform 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).
objective of the issue
- To augment the exist and incremental work capital requirement of the company – Hydra BPO Unit .
- General Corporate Purposes.
Varanium Cloud Rights Issue Timetable
| Last Date to buy shares | 14 September 2023 |
| Record Date | 15 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 28 September 2023 |
| renunciation of Rights Entitlements | 29 September 2023 |
| Bid/Offer Closes On | 04 October 2023 |
| Deemed Date of Allotment | 06 October 2023 |
| Credit Date | 10 October 2023 |
| listing Date | 12 October 2023 |
Varanium Cloud Rights Issue Details
| Issue Open | September 28, 2023 – October 4, 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 |
| list At | NSE |
| Terms of Payment | Investors is have will have to pay Rs . 2.50 at the time of application , Rs . 2.50 at the time of one or more subsequent call as determine by the Board . |
| Entitlement | 1 Rights Equity Share(s ) for every 10 fully pay – up Equity share hold on Record Date |
Varanium Cloud Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| asset | 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 |
(Amount in ₹ Crore)
Varanium Cloud Rights Issue Documents
lead manager(s )
Varanium Cloud Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
website : https://ipo.bigshareonline.com/ipo_status.html
Varanium Cloud 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/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
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