Veranda Learning IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
Veranda Learning Solutions engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid, and offline blended formats to students, aspirants, and graduates Check the Veranda IPO details such as Veranda IPO GMP, Veranda IPO Subscription Status & Veranda Learning IPO Allotment Status
- About Veranda Learning Solutions
- Important Details – Veranda Learning Solutions
- Objects of the Issue
- Veranda Learning Solutions Limited Financials:
- Veranda IPO Price Details
- Veranda Learning IPO DRHP & RHP
- Veranda Learning IPO Lot Size
- Veranda Learning IPO Lead Managers
- Veranda Learning IPO Registrar
- Veranda Learning IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered Office
- Company Promoters
- Veranda Learning Solutions IPO – FAQS
About Veranda Learning Solutions
Veranda Learning Solutions engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid, and offline blended formats to students, aspirants, and graduates (collectively “Students”) professionals and corporate employees (“Learners”) enrolled with the courses through multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.
Veranda Learning Solutions provide comprehensive long-term and short-term preparatory courses in a simple and lucid manner for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways, and Chartered Accountancy. Veranda also provide customised short-term skilling courses, long-term courses and other corporate courses to the Learners. Veranda Learning Solutions also deliver these courses to employees of corporates through our B2B offerings
Important Details – Veranda Learning Solutions
| Date | Details |
|---|---|
| November 20, 2018 | The company was incorporated as ‘Andromeda Edutech Private Limited’, a private limited company |
| September 10, 2020 | The name of the company was changed to ‘Veranda Learning Solutions Private Limited’ |
| September 30, 2021 | The company was converted into a public limited company consequent upon conversion, recording the change in the name of the company to ‘Veranda Learning Solutions Limited’. |
Objects of the Issue
- 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
Veranda Learning Solutions Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in millions) | |
|---|---|---|
| 30-Sep-21 | 31-Mar-21 | |
| Total Assets | 3,073.65 | 115.19 |
| Total income | 156.61 | 25.45 |
| Total Expenses | 341.38 | 108.32 |
| Profit After Tax | (182.69) | (82.79) |
Veranda IPO Price Details
| Description | Veranda Learning IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto [.] Equity Shares of ₹ 10 (aggregating up to ₹ 200 crore) |
| Issue Open Date | 29-Mar-22 |
| Issue Close Date | 31-Mar-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 130 – ₹ 137 |
| Face Value | ₹ 10 |
| Market Lot | 100 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 100 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE, NSE |
| NSE Symbol | VERANDA |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Veranda Learning IPO DRHP & RHP
Veranda Learning IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 100 | ₹ 13,700 |
| Maximum | 14 | 1400 | ₹ 1,91,800 |
Veranda Learning IPO Lead Managers
- Systematix Corporate Services Limited
Veranda Learning IPO Registrar
Veranda Learning IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 29-Mar-22 |
| Bid / Offer Closes on | 31-Mar-22 |
| Finalisation of Basis of Allotment | 05-Apr-22 |
| Initiation of refunds | 06-Apr-22 |
| Credit of the Equity Shares | 06-Apr-22 |
| Listing Date | 07-Apr-22 |
Company Peers – Comparison of Accounting Ratios
The company does not have any listed peers which are comparable in terms of business.
Company Registered Office
Old No 54, New No 34,
Thirumalai Pillai Road,
T. Nagar, Chennai – 600017,
Tamil Nadu, India
Website: www.verandalearning.com
Company Promoters
- Mr. Kalpathi S.Aghoram,
- Mr. Kalpathi S.Ganesh, and
- Mr. Kalpathi S.Suresh
Veranda Learning Solutions IPO – FAQS
What is the Veranda Learning IPO Price?
The Veranda Learning IPO price band is ₹ 130 – ₹ 137 per share
When Veranda Learning IPO will open?
The Veranda Learning IPO opens on Mar 29, 2022 and closes on Mar 31, 2022
What is the lot size of Veranda Learning Solutions IPO?
The Veranda Learning Solutions IPO lot size is 100 Equity Shares and the minimum order quantity is 100 Equity Shares
Who is the Registrar for Veranda Learning Solutions IPO?
The Registrar for Veranda Learning Solutions IPO is KFin Technologies Private Limited
How to apply in Veranda Learning Solutions IPO through UPI?
Check the step by step process here – Click here
How to apply in Veranda Learning Solutions IPO through Zerodha?
Check the step by step process here – Click here
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