Varanium Cloud

Varanium Cloud's major client shares address with firms named in Panama Papers

The regulator has been investigating the company for misutilising its initial-public offer (IPO) proceeds and misstating its financial statements, to help the promoter offload his shares.

Varanium and its promoter-MD banned from securities market, allegedly cooked books to offload shares

The indicative returns earned by the promoter-MD by selling shares of Varaniam is Rs 17.61 crore.

Bombay High Court orders arrest of Varanium Cloud promoter Sabale; stock hits 5% lower circuit

Reports say the warrant was issued against Sabale for defaulting on a debt of about Rs 49.53 crore

Varanium Consolidated December 2023 Net Sales at Rs 395.15 crore, up 260.91% Y-o-Y

Varanium Standalone December 2023 Net Sales at Rs 3.04 crore, down 97.23% Y-o-Y

Varanium Cloud Q3 net profit zooms nearly 200%, revenue jumps 260%

Its EBITDA during the quarter zoomed by 205 percent to Rs 120.95 crore from Rs 39.60 crore in Q3FY23 Its net profit increased by 196 percent to Rs 87.68 crore from Rs 29.59 crore in Q3FY23.

SME IPOs: How they are rigged and why in September?

Come September and several SME IPOs flood the market. While a few are genuine, a number of them are there to manipulate the system and make a quick buck that’s not entirely legal

Varanium Standalone December 2022 Net Sales at Rs 109.49 crore, up 431.9% Y-o-Y