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IPO

IPO Synopsis
Varanium Cloud Ltd
Registered Office: III Floor Plot No. 244-A RDP 2,CTS 1374/B Vill Versova SVP Ng , Mumbai - 400053 , Maharashtra , India.
Phone : 91-22-26325683/91-8976829903   Fax:
Email :  info@vrnm.com  
Website :  www.vrnm.com
Public issue of 30,00,000* equity shares of face value of Rs. 10.00 each of Varanium Cloud Limited ("The Company" or "The Issuer") for cash at a price of Rs. 122 per equity share (including a share premium of Rs. 112 per equity share) ("Issue Price") aggregating to Rs. 36.60 crores ("The Issue"). Of the issue, 4,86,000 equity shares aggregating to Rs. 5.93 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 25,14,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 122 per equity share aggregating to Rs. 30.67 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.85% and 25.01%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 122, i.e 12.2 times of the face value. Minimum application size 1000 equity shares and in multiples of 1000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
16-Sep-22 20-Sep-22 Rs122.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1000  Further Multiples of :1000

  Rs Cr Lead Managers to the Issue
Project Cost 40.39
First Overseas Capital Ltd
Project Financed through Current Offer 36.60  
Post Issue Equity Share Capital 10.05  
Issue Price Rs122.00  
 
Projects
Setting up 3 Nos. Containerized Edge Data CentresGeneral Corporate Purposes
Rollout of 3 Edmission Flagship Digital Learning Centres
Promoted By
Harshawardhan Hanmant Sabale
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd