Veranda Learning Solutions Limited IPO

Mainboard

Educational Institutions

Listed On: Apr 11, 2022 at ₹ 125.00(NSE)

₹ 13700 /100 Shares

Check Allotment

Price Summary

Last Closing

240.20 (75.33%)

52 Week High

360.25

52 Week Low

135.00

Last Update

25-Nov-2024 3:30 PM

IPO Details

29 Mar, 2022

Open Date

31 Mar, 2022

Close Date

04 Apr, 2022

Allotment Date

11 Apr, 2022

Listing Date

Issue Price

₹130-137 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFin Technologies Private Limited

List Price

125.00(NSE)

Listing Date

2022-04-11

Market Lot

100 Shares (₹13,700/-)

Lead Manager

Systematix Corporate Services Limited

Issue Size

₹200 Cr Approx

Retail Portion

10% (Number of Retail Applications : 14,600 Approx)

Subscription

3.53 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	75,36,405	21,89,781	14,59,854	111,86,040
Day 1 - 29-03-21 05:00 PM	0.05 x	0.85	4.16 x	0.75 x
Day 2 - 30-03-21 05:00 PM	0.28 x	1.06	6.99 x	1.31 x
Day 3 - 31-03-21 05:00 PM	2.02 x	3.87	10.76 x	3.53 x

Total No. of Applications: 153893 (Approx)

Retail Subscription on the basis of Applications: 10.1* times

Valuations

Earnings Per Share (EPS)

₹(1.48))/-

P/E Ratio

(92.30))

RoNW

N/A%

Net Asset Value (NAV) - As on 30.09.21

₹6.04

Company Financials All values are in ₹ Cr.

	31-Sept-21	31-Mar-21
Assets	307.36	11.51
Revenue	15.66	2.54
Profit After Tax	(18.26)	(8.27)

About The Company

Incorporated in 2018, Veranda Learning Solutions Limited offers online and offline coaching services for career-defining courses such as UPSE, Chartered Accountant, Banking, and Government Exams to students, graduates, professionals, and corporate employees.
The company offers coaching services for Railways Recruitment Board exams, Banking, and Insurance exams, State Public Service Commission, Staff Selection Commission exams, CA Foundation, CA Intermediate, and CA Final exams, Union Public Service Commission-prelims, and main exam, and personality tests, and State Public Service Commission Group-I exams, Short term skilling courses, Long term courses (university partnership courses) and Corporate learning courses (B2B) through its wholly-owned subsidiaries namely Veranda Race Learning Solutions Private Limited (Veranda Race), Veranda XL Learning Solutions Private Limited (Veranda CA), Veranda IAS Learning Solutions Private Limited (Veranda IAS), and Brain4ce Education Solutions Private Limited (Edureka).
During the nine-month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all courses, out of which 16,793 enrolled for the offline model and 25,874 enrolled for the online model.
The company changed its name from Andromeda Edutech Private Limited to Veranda Learning Solutions Limited on September 10, 2020.

- Promoter(s)

Pre Issue Share Holding: 89.22%

Post Issue Share Holding: 65.87%

Company Promoter(s)

Mr. Kalpathi S. Aghoram
Mr. Kalpathi S. Ganesh
Mr. Kalpathi S. Suresh

IPO - Issue Objectives

Repayment or pre-payment, in part or full of all or certain of our borrowings.
Payment of acquisition consideration of Edureka or repayment of a bridge loan availed specifically for the purpose of discharge of such acquisition consideration of Edureka
Growth initiatives.

IPO - Anchor Investors

Veranda Learning Solutions raises Rs 46.75 crore from anchor investorsAG Dynamic Funds acquired Rs 25 crore worth of equity shares, Resonanace Opportunities Fund bought Rs 10 crore worth of shares, and Next Orbit Ventures have been allocated shares worth Rs 11.74 crore by the company, through anchor book.

IPO - FAQs

Ans. Veranda Learning Solutions Limited IPO is a Mainboard IPO. The issue is priced at ₹130-137 per equity share. The minimum order quantity is 100 Shares. The IPO opens on Mar 29, 2022, and closes on Mar 31, 2022. KFin Technologies Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Veranda Learning Solutions Limited IPO opens on Mar 29, 2022 and closes on Mar 31, 2022.

Ans. The size of Veranda Learning Solutions Limited IPO is ₹200 Cr Approx.

Ans. The IPO price band is set between ₹130-137 per equity share.

Ans. To apply for Veranda Learning Solutions Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Veranda Learning Solutions Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Veranda Learning Solutions Limited IPO is Apr 4, 2022.

Ans. The Veranda Learning Solutions Limited IPO will be listed on Apr 11, 2022.

Ans. Follow the steps to check the allotment status for Veranda Learning Solutions Limited IPO here.