IPO

Veranda Learning Solutions Limited IPO

Mainboard

Educational Institutions

Listed On: Apr 11, 2022 at ₹ 125.00(NSE)

₹ 13700 /100 Shares

Check Allotment

29 Mar, 2022

Open Date

31 Mar, 2022

Close Date

04 Apr, 2022

Allotment Date

11 Apr, 2022

Listing Date
Price Summary

Last Closing

178.55 (30.33%)

52 Week High

272.50

52 Week Low

177.86

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹130-137 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price ₹200 Cr Approx
  • Listing at BSE, NSE
  • List Price 125.00(NSE)
  • Listing Date 2022-04-11
  • Lead Manager Systematix Corporate Services Limited
  • Registrar KFin Technologies Private Limited
IPO Details
  • Retail Portion 10% (Number of Retail Applications : 14,600 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹130-137 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Mar 29, 2022 and ends on Mar 31, 2022. The allotment for IPO will be finalized on Apr 4, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Apr 11, 2022. The company shall list its equity shares on the BSE, NSE. KFin Technologies Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Systematix Corporate Services Limited.


The IPO sets its price band at 130-137 for each share. A single application for Veranda Learning Solutions Limited IPO must contain at least 100 shares.

Read More
IPO Subscription Analysis And Details
Retail
10.76x
QIB
2.02x
NII
3.87x
Total
3.53x
As on QIB NII 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
Total No of Applications
153893
Subscription on the basis of Applications
10.1*
Valuations
Earnings Per Share (EPS) ₹(1.48))/-
P/E Ratio (92.30))
RoNW N/A%
Net Asset Value (NAV) - As on 30.09.21 ₹6.04
Company Financials
In Crs.
In Cr.
31-Sept-21 31-Mar-21
Assets 307.36 11.51
Revenue 15.66 2.54
Profit After Tax (18.26) (8.27)
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.

Read More
- Promoter(s)

Mr. Kalpathi S. Aghoram

Mr. Kalpathi S. Ganesh

Mr. Kalpathi S. Suresh

Pre Issue Share Holding : 89.22%

Post Issue Share Holding : 65.87%

IPO - Issue Objectives
1

Repayment or pre-payment, in part or full of all or certain of our borrowings.

2

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

3

Growth initiatives.

IPO - Anchor Investors

Veranda Learning Solutions raises Rs 46.75 crore from anchor investorsAG Dynamic Funds acquired Rs 25 crore worth of equity shares, Resonanace Opportunities Fund bought Rs 10 crore worth of shares, and Next Orbit Ventures have been allocated shares worth Rs 11.74 crore by the company, through anchor book.