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Home All IPOs Veranda Learning Solutions Ltd. IPO
Veranda Learning Solutions Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital Closed Live Chart
GMP +₹0 +0% Est. Listing ₹137
Issue Price
₹137
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹137
GMP based
Lot Size
100
shares / lot
Min Amount
₹13,700
1 lot · 100 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
29 Mar 2022
Tue Completed
Done
Close Date
31 Mar 2022
Thu Completed
Done
Allotment
05 Apr 2022
Tue Completed
Done
Refund
06 Apr 2022
Wed Completed
Done
Demat Credit
06 Apr 2022
Wed Completed
Done
Listing Date
11 Apr 2022
Mon Completed
UPI Deadline: 31 Mar 2022
Issue Details
Pricing & Size
Issue Price
₹137 Face ₹10
Lot Size
100 shares
Min Investment
₹13,700
Total Issue Size
1,45,98,540 shares (aggregating up to ₹200.00 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
1,09,48,905 (75.00%)
NII / HNI
21,89,781 (15.00%)
Retail
14,59,854 (10.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
4,11,76,979 shares
Post-Issue Shareholding
5,57,75,519 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 100 ₹13,700
HNI / NII 15 1,500 ₹2,05,500
bHNI / bNII 73 7,300 ₹10,00,100
Objects of Issue
4 objectives
1
1 Repayment or pre-payment, in part or full of all or certain of the borrowings
60.00 Cr
2
2 Repayment of a bridge loan availed specifically for the purpose of discharge of acquisition consideration of Edureka
25.19 Cr
3
3 Growth initiatives
50.00 Cr
4
4 General corporate purpose
47.73 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Systematix Corporate Services Ltd.
IPO Timeline
Open
29 Mar
✓ Done
Close
31 Mar
✓ Done
Allotment
05 Apr
✓ Done
Listing
11 Apr
✓ Done
Registrar Details
Kfin Technologies Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
04067162222, 04079611000
Email
einward.ris@kfintech.com
Company Contact
Email
anantharamakrishnan.m@verandalearning.com
Phone
+91 44 42967777
Address
Old No 54, New No 34, Thirumalai Pillai Road, T. Nagar Chennai, Tamil Nadu, 600017
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹137
Est. Listing
₹137
Lot Size
100 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Veranda Learning Solutions Ltd. LIVE
INR ·
vs Issue
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P/E
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| Price
Market Reference
IPO Issue Price
₹137
GMP
+₹0 (+0%)
GMP Est. Listing
₹137
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 1,09,48,905 (75.00%) ₹15,000.00 Cr
NII / HNI (Total) 21,89,781 (15.00%) ₹3,000.00 Cr
Retail Investors 14,59,854 (10.00%) ₹2,000.00 Cr
Total ** 1,45,98,540 (100.00%) ₹200,000.00 Cr
* Based on ₹137.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
1,09,48,905 (75.00%)
NII
21,89,781 (15.00%)
Retail
14,59,854 (10.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric30-Sep-2131-Mar-21
Revenue15.662.55
PAT18.278.28
EBITDA
Net Worth
Total Assets307.3711.52
Reserves
Borrowings
About Veranda Learning Solutions Ltd.

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). All the services are offered 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.

Competitive Strengths:

  1. Proven track record of the company Promoters.
  2. Result-oriented method of teaching with a 360-degree approach.
  3. Diversified course offerings and delivery channels.
  4. Extensive experience in the education business and professionally qualified human capital.
  5. Strong Brand Presence of our brands.
  6. Track record of successful acquisition and expansion.
  7. Efficient infrastructure and resource management with strict quality control standards and affordable courses.
  8. Technology-driven, Asset Light & Scalable business model.
  9. Pandemic Proof Model.
Frequently Asked Questions
What is the issue price of Veranda Learning Solutions Ltd. IPO?
The issue price of Veranda Learning Solutions Ltd. IPO is ₹137 per share, face value ₹10.
What is the lot size?
Minimum lot size is 100 shares, requiring ₹13,700.
What are the IPO dates?
Opens 29 Mar 2022, closes 31 Mar 2022.
When is the listing date?
Tentative listing: 11 Apr 2022 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹137 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Veranda Learning Solutions Ltd. IPO · Expected 05 Apr 2022

Check on Registrar
Post-IPO Timeline
Allotment Date
05 Apr 2022
Refund Initiation
06 Apr 2022
Demat Credit
06 Apr 2022
Listing Date
11 Apr 2022
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹137
Face ₹10
Lot Size
100
shares / lot
Min Amount
₹13,700
1 lot
Est. Listing
₹137
GMP +₹0
Key Dates
Open
29 Mar Done
Close
31 Mar Done
Listing
11 Apr Done
Registrar
Kfin Technologies Ltd.
A
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