Veranda Learning IPO -The IPO date for Veranda Learning is set for March 2022. Students, graduates, professionals, and corporate personnel can benefit from Veranda Learning Solutions Limited’s online and offline coaching services for career-defining courses including UPSE, Chartered Accountant, Banking, and Government Exams.
The company provides coaching for Railway Recruitment Board exams, Banking and Insurance exams, State Public Service Commission and Staff Selection Commission exams, CA Foundation, CA Intermediate, and CA Final exams, Union Public Service Commission-prelims, main exam, and personality tests, and State Public Service Commission Group-I exams, as well as short term skilling courses, long term courses (university partnership courses), and corporate learning courses (B2B).
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 provide all of the services (Edureka).
A total of 42,667 students and professionals enrolled in all courses during the nine-month period ending December 31, 2021, with 16,793 enrolling in the offline model and 25,874 enrolling in the online model.
Veranda Learning IPO Date, Size & Price Band
| Veranda Learning IPO Date | 29 – 31 March 2022 |
| IPO Price Band | INR130 – 137 per share |
| Fresh issue | INR 200 crore |
| Offer For Sale | Nil |
| Total IPO size | INR 200 crore |
| Minimum bid (lot size) | 100 shares (INR13,000 – 13,700) |
| Face Value | INR 10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Buy Unlisted shares – of BOAT, HDFC Securities , CHennai superkings , HDB Financial Service
Competitive Advantages:
1-Promoters of the company have a proven track record.
2-A 360-degree approach to teaching using a goal-oriented approach.
3-Course options and delivery methods are diverse.
4-Professionally qualified human capital and extensive experience in the education industry.
5-Acquisitions and expansions that have been successful in the past.
6-Infrastructure and resource management that is efficient, with tight quality control requirements and courses that are inexpensive.
7-Business model that is technology-driven, asset-light, and scalable.
8- Model for Pandemic Preparedness.
Veranda Learning Financial Performance
| FY2021 | H1 FY2022 | |
| Revenue | 2.54 | 15.66 |
| Expenses | 10.83 | 34.14 |
| Net income | (8.29) | (18.27) |
Veranda Learning IPO Timetable
| IPO Opening Date | 29 March 2022 |
| IPO Closing Date | 31 March 2022 |
| Finalisation of Basis of Allotment | 5 April 2022 |
| Initiation of refunds | 6 April 2022 |
| Transfer of shares to demat accounts | 6 April 2022 |
| Listing Date | 7 April 2022 |
Promoters of Veranda Learning – Mr Kalpathi S Aghoram, Mr Kalpathi S Ganesh and Mr Kalpathi S Suresh
Objective of the Veranda Learning IPO
It is recommended that the net proceeds of the Offer be used as follows
-Repayment or prepayment of all or part of our debts, in part or in whole.
-Payment of Edureka’s purchase consideration or repayment of a bridge loan taken out specifically for the purpose of paying off Edureka’s acquisition consideration.Initiatives towards expansion.
Veranda Learning IPO GMP – NO Trade (Right Now)
Veranda Learning IPO Lot Size
The market lot size for the Veranda Learning IPO is 100 shares. A retail individual investor can apply for up to 14 lots (1400 shares or $191,800) in a single transaction.
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 100 | ₹13,700 |
| Maximum | 14 | 1400 | ₹191,800 |
Veranda Learning IPO Promoter Holding
| Pre Issue Share Holding | 89.22% |
| Post Issue Share Holding | 65.87% |
Veranda Learning IPO Offer Registrar
Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Veranda Learning Contact Details
Veranda Learning Solutions Limited
Old No 54, New No 34,
Thirumalai Pillai Road,
T. Nagar, Chennai – 600017
Tel: +91 44 42967777
E-mail: [email protected]
Website: www.verandalearning.com
How do I apply for the Veranda Learning Initial Public Offering (IPO)?
Veranda Learning IPO can be applied for online with ASBA using your bank account. You can also apply for ASBA online through your stock brokers using UPI. You can also apply by filling out an offline form and submitting it to your stock broker.
Open your Demat account with Below Brokers
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