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Monthly Archives: May 2024

For misusing IPO funds, Varanium Cloud promoters barred from capital market

According to media reports, SEBI bars Varanium Cloud promoters from the capital markets allegedly for the misusing the IPO funds.
The price of the shares has fallen from Rs 239 to Rs 29.80 at present.
The company had its IPO in September 2022, and the IPO share price was Rs 122.
The office of the company is located at Sawantwadi. Investing in IPOs can be risky if the share price falls later.