Veranda Learning Solutions IPO Details

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

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

DateDetails
November 20, 2018The company was incorporated as ‘Andromeda Edutech Private Limited’, a private limited company
September 10, 2020The name of the company was changed to ‘Veranda Learning Solutions Private Limited’
September 30, 2021The 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

DescriptionVeranda Learning IPO Details
Public IssueInitial Public Issue of upto [.] Equity Shares of ₹ 10 (aggregating up to ₹ 200 crore)
Issue Open  Date29-Mar-22
Issue Close Date31-Mar-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing BSE, NSE
NSE SymbolVERANDA
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Veranda Learning IPO DRHP & RHP

Veranda Learning IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1100₹ 13,700
Maximum141400₹ 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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