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Right Issue Status: Closed [28th Sep 2023 to 6th Oct 2023]
Varanium Cloud Limited is offering rights issue to the extent of 4,020,574 equity shares worth Rs. 49.45 Cr. The subscription period for this rights issue yet to be declare. The company will issue 1 rights shares for every fully paid 10 share held on the record date of Sep 15, 2023. The face value of a share is Rs. 5 per share and the issue price is fixed at Rs. 123 per share.
Stay connected with us to know more about Varanium Cloud Limited Right Issue Details 2023 including issue size, entitlement to rights, payment terms and more.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
| Varanium Cloud Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.40 Cr Shares |
| Right Issue Issue Size (Amount) | ₹49.45 Cr |
| Face Value | ₹5 Per Equity Share |
| Right Issue - Issue Price | ₹123 per share |
| Right Issue Record Date | 15th Sep 2023 |
| Right Issue Entitlement | 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Investors will have to pay Rs. 2.50 at the time of application, Rs. 2.50 at the time of one or more subsequent calls as determined by the Board. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | CLOUD |
In this section we have covered all important dates related to Varanium Cloud Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 28th Sep 2023 |
| Right Issue Issue Close Date | 6th Oct 2023 |
| Basis of Allotment Finalisation Date* | 6th Oct 2023 |
| Refunds Initiation* | 29th Sep 2023 |
| Credit of Shares to Demat Account* | 10th Oct 2023 |
| Right Issue Listing Date* | 12th Oct 2023 |
* - Tentative Dates
Zerodha Trade@20
Varanium Cloud Limited was established in 2017. Varanium Cloud identifies existing limitations in small communities and finds digital solutions to solve them. Their goal is to reduce technology gaps by introducing new generation digital tools that create equal opportunities.
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Past performance and financial results of Varanium Cloud .
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 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 |
| Total Borrowing |
The table below is live update of Right Issue bidding details from NSE and BSE.
Varanium Cloud Right Issue Offer Document (Letter of Offer) >>Document
Varanium Cloud Right Issue Offer Document (Letter of Offer) >>Varanium Cloud Right Issue Red Herring Prospectus is not yet available.
Varanium Cloud Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Varanium Cloud Right Issue Online Application (Registrar & Transfer Agent) >>Varanium Cloud Right Issue RTA information is not yet available.
Last Updated on 2023-10-09T05:32:45+00:00
