Varanium Cloud IPO Details & Guidance

Varanium Cloud listing Details
The scrip listed at NSE Emerge on 28.09.2022
Issue price Rs. 122
Listed at     Rs. 131
Day high    Rs. 136.45
Day low      Rs.124.45
Closed at    Rs.128.55

Grey Market News for Varanium Cloud IPO#
On 28 September 2022
Grey Market Premium:  Rs. 0/3 seller

Varanium Cloud IPO Subscription Status
On 20 September 2022 @ 5.00 pm
NII  12,57,000Shares:  5.83 T
RII  12,57,000 Shares:  5.09 T
Tot 25,14,000 Shares: 5.46 T

Varanium Cloud IPO Details
IPO Date September 16, 22 to September 20, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 122 per share
IPO Lot Size 1000 Shares
Issue Size 30,00,000 shares of Rs 10
(Aggregating up to Rs 36.60 Cr)
Fresh Issue 30,00,000 shares of Rs 10
(Aggregating up to Rs 36.60 Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At NSE SME
RII: 50% of the net offer

Retail Quota: 50 % / 1257,000 Shares

Minimum 1000 Rs 122,000
Maximum 1000 Rs 122,000
1257 Applications required for onetime subscriptions.

Varanium Cloud IPO Timetable 
IPO Opening Date: September 16, 2022
IPO Closing Date: September 20, 2022
Basis of Allotment: September 23, 2022
Initiation of Refunds: September 26, 2022
Credit of Shares to Demat : September 27, 2022
IPO Listing Date: September 28, 2022

Varanium Cloud Business:

Varanium Cloud is 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 an IaaS (Infrastructure as A Service) model

Its Streaming Technology
At the core of Varanium is a transformative, transportation technology that delivers cloud content and services at low bandwidth, reaching large populations of the world who were previously underserved. Sitting above the software layer, and within the Transport Control Protocol (“TCP”) layer,
Varanium’s unique network transportation technology allows content to be delivered to end devices faster and cheaper. Varanium’s technology is also completely device agnostic and can be delivered to any mobile device or screen, wired or wireless, agnostic of operating system or type of screen.

For more information about the company, Click www.vrnm.com

Promoters of Varanium Cloud
Hsrshawardhan Hanmant Sabale

Varanium Cloud: Objects of the IPO
1. Setting up 3 Nos. Containerized Edge Data Centers
2. Rollout of 3 Edmission flagship Digital Learning Centers
3. General Corporate Purpose.

Registered office of Varanium Cloud
Third Floor, Plot No. 244-A RDP 2, CTS 1374/B Vill. Versova SVP Nagar, Four Bungalows Mumbai- 400053, Maharashtra, India
Company Secretary and Compliance Officer: Hetal Harshal Somani

Lead Manager of Varanium Cloud IPO
First Overseas Capital ltd.

SME IPO Financial & Analytical Ratios#
Total Income 2020-21 Rs. 4.20 Cr
Total Income 2021-22 Rs. 35.35 Cr 
Net Profit 2020-21 Rs. 2.89 Cr
Net Profit 2021-22 Rs. 8.40 Cr 
Earnings per Share 2020-21 Rs 4.88
Earnings per Share 2021-22 Rs 13.23
Return on Net Worth: 20-21: 43.25 %
Return on Net Worth: 21-22: 55.25 % 
Book Value of the Share as on 31.3.22 Rs 23.81
NAV after the IPO Rs. 59.46
Offer Price Rs. 122

IPO Peer Comparison:
Info Edge India @ PE Ratio of 5.44
Infibeam Avenues @ PE Ratio of 54.15
Tanla Platforms @ PE Ratio of 114.64
Route Mobile @ PE Ratio of 267.47

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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