Veranda Learning Solutions Limited IPO
Mainboard₹13,700 / 100 Shares
Veranda Learning Solutions Limited IPO Details
The Veranda Learning Solutions Limited IPO price band is set between ₹130-137 per equity share, with a face value of ₹10 per share. The issue is managed by KFin Technologies Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 29 Mar, 2022 and closes on 31 Mar, 2022. Investors can check the allotment status on 4 Apr, 2022, while the listing date is tentatively scheduled for 11 Apr, 2022.
The total issue size is ₹200 Cr Approx, aggregating up to . Stay tuned for the latest Veranda Learning Solutions Limited IPO review and GMP updates.
Veranda Learning Solutions Limited IPO Review, Rating & Analysis
Veranda Learning Solutions Limited IPO Review
NO REVIEWVeranda Learning Solutions Limited IPO Rating
Veranda Learning Solutions Limited IPO Highlights
IPO Date
Mar 29, 2022 - Mar 31, 2022
Listing Date
11 Apr, 2022
Face Value
₹10 Per Equity Share
Price Band
₹130-137 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Veranda Learning Solutions Limited IPO Lot Size
The minimum market lot for Veranda Learning Solutions Limited IPO is 100 shares with an application amount of ₹13,700. Retail investors can apply for up to 14 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹13,700 |
| Retail (Max) | 14 | 1400 | ₹1,91,800 |
| S-HNI (Min) | 15 | 1500 | ₹2,05,500 |
| S-HNI (Max) | 72 | 7200 | ₹9,86,400 |
| B-HNI (Min) | 73 | 7300 | ₹10,00,100 |
Veranda Learning Solutions Limited IPO Timeline
Issue Price
₹130-137 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFin Technologies Private LimitedLead Manager
Systematix Corporate Services LimitedIssue Size
₹200 Cr ApproxVeranda Learning Solutions Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Sept 21 | 307.36 | 15.66 | (18.26) | - | - | - |
| 31 Mar 21 | 11.51 | 2.54 | (8.27) | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Kalpathi S. Aghoram
- Mr. Kalpathi S. Ganesh
- Mr. Kalpathi S. Suresh
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 89.22% | 65.87% |
About 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.
Veranda Learning Solutions Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 |
10.1* times
Frequently Asked Questions about Veranda Learning Solutions Limited IPO IPO
When will Veranda Learning Solutions Limited IPO open for subscription?
The Veranda Learning Solutions Limited IPO opens on 29 Mar, 2022 and closes on 31 Mar, 2022.
What is the investors portion for Veranda Learning Solutions Limited IPO?
The investors' portion for QIB is 2.02 x, NII is 3.87, and Retail is 10.76 x.
How to apply for Veranda Learning Solutions Limited IPO?
You can apply for Veranda Learning Solutions Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Veranda Learning Solutions Limited IPO?
The issue size of Veranda Learning Solutions Limited IPO is approx ₹₹200 Cr Approx crores.
What is the price band of Veranda Learning Solutions Limited IPO?
The price band for Veranda Learning Solutions Limited IPO is ₹130 to ₹137 per equity share.
What is the lot size of Veranda Learning Solutions Limited IPO?
The minimum bid (lot size) for Veranda Learning Solutions Limited IPO is N/A shares with an investment of approx ₹13,700 .
What is the allotment date of Veranda Learning Solutions Limited IPO?
The allotment date for Veranda Learning Solutions Limited IPO is 4 Apr, 2022.
What is the listing date of Veranda Learning Solutions Limited IPO?
The listing date for Veranda Learning Solutions Limited IPO is expected to be 11 Apr, 2022.
What is the GMP of Veranda Learning Solutions Limited IPO?
The latest Grey Market Premium (GMP) for Veranda Learning Solutions Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.