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Veranda Learning Solutions Ltd.

Veranda Learning Solutions Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹137
₹137
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹137
Based on GMP
Min. Investment
₹13,700
1 lot × 100 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
29 Mar 2022
Close Date
31 Mar 2022
Allotment
05 Apr 2022
Listing Date
11 Apr 2022
Exchange
NSE & BSE
Price Band
₹137
Listing Price
See chart
Allotment Status
Price Band
₹137
Per share
Face Value
₹10 per share
 
Lot Size
100 Shares
per lot
Issue Size
1,45,98,540 shares (aggregating up to ₹200.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹13,700
1 lot
Pre-IPO Holding
4,11,76,979 shares
Promoters
Post-IPO Holding
5,57,75,519 shares
Promoters
UPI Deadline
2022-03-31
Mandate
Anchor AllotmentMon, 28 Mar 2022
Basis of AllotmentTue, 05 Apr 2022
Refund InitiationWed, 06 Apr 2022
Demat CreditWed, 06 Apr 2022
Listing DayMon, 11 Apr 2022
UPI Mandate Deadline2022-03-31
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Veranda Learning Solutions Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 31 Mar 2022.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
14,598,540
100% ₹200.00
IPO Shares Offered
Veranda Learning Solutions Ltd. IPO total issue size: ₹200.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 14,598,540 ₹200.00
100.00%
* Based on upper price band ₹137 per share
Lot Size & Investment
Lot Size
100
Shares per Lot
Issue Price
₹137.00
Upper Band
Min Investment
₹13,700
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2200₹27,400
Retail (Max — 14 Lots)141,400₹191,800
S-HNI (Min — 15 Lots)151,500₹205,500
B-HNI (Min — 73 Lots)737,300₹1,000,100
* Issue Price ₹137 × Lot Size 100 shares
IPO Schedule
Anchor
28 Mar 2022
✓ Done
IPO Open
29 Mar 2022
✓ Done
IPO Close
31 Mar 2022
✓ Done
Allotment
05 Apr 2022
✓ Done
Refunds
06 Apr 2022
✓ Done
Demat Credit
06 Apr 2022
✓ Done
Listing Day
11 Apr 2022
✓ Done
Veranda Learning Solutions Ltd. — Live Price LIVE
₹137.00
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Issue ₹137.00 Live Price
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:Proven track record of the company Promoters.Result-oriented method of teaching with a 360-degree approach.Diversified course offerings and delivery channels.Extensive experience in the education business and professionally qualified human capital.Strong Brand Presence of our brands.Track record of successful acquisition and expansion.Efficient infrastructure and resource management with strict quality control standards and affordable courses.Technology-driven, Asset Light & Scalable business model.Pandemic Proof Model.
Objects of the Issue
1
1 Repayment or pre-payment, in part or full of all or certain of the borrowings
2
2 Repayment of a bridge loan availed specifically for the purpose of discharge of acquisition consideration of Edureka
3
3 Growth initiatives
4
4 General corporate purpose
Veranda Learning Solutions Ltd. Financials (Amount in Crore)
Revenue from Operations
N/A
FY 2022-23
₹2.6
31-Mar-21
₹15.7
30-Sep-21
Profit After Tax (PAT)
N/A
FY 2022-23
₹8.3
31-Mar-21
₹18.3
30-Sep-21
Particulars30-Sep-2131-Mar-21FY 2022-23
Revenue from Operations 15.66 2.55 N/A
EBITDA N/A N/A N/A
Profit After Tax (PAT) 18.27 8.28 N/A
Net Worth N/A N/A N/A
Total Assets 307.37 11.52 N/A
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered1,45,98,540 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding4,11,76,979 shares
Post-Issue Promoter Holding5,57,75,519 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Systematix Corporate Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Veranda Learning Solutions Ltd. IPO subscribed?

Veranda Learning Solutions Ltd. IPO is subscribed 1.00 times by Mar 31, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Veranda Learning Solutions Ltd. IPO retail subscription status?

The Veranda Learning Solutions Ltd. IPO retail category is subscribed 1.00 times as of 31 Mar 2022. The retail portion is oversubscribed.

How to subscribe Veranda Learning Solutions Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 29 Mar 2022 and closes 31 Mar 2022. Min investment: ₹13,700 (1 lot = 100 shares). UPI mandate: 2022-03-31.

How many times Veranda Learning Solutions Ltd. IPO subscribed?

The Veranda Learning Solutions Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Veranda Learning Solutions Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Apr 2022. Refunds: on 06 Apr 2022.

When Veranda Learning Solutions Ltd. IPO will be listed?

The Veranda Learning Solutions Ltd. IPO listing date is 11 Apr 2022, Monday. Listed on: NSE & BSE. Issue price: ₹137. Estimated listing: ₹137. GMP: NIL.

When Veranda Learning Solutions Ltd. IPO close?

The Veranda Learning Solutions Ltd. IPO closes on 31 Mar 2022, Thursday. UPI mandate: 2022-03-31. Allotment: 05 Apr 2022. Listing: 11 Apr 2022.