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Veranda Learning Solutions Pvt. Ltd. – IPO Details

This initial public offering of Veranda Learning Solutions Pvt. Ltd. includes only a fresh issue of equity shares and contains no offer for sale (OFS) as per the draft papers filed with SEBI. Also, this company plans to receive a pre-IPO placement of Rs. 50 crores.

The company plans to utilise the proceeds from this IPO for the following purposes:

  • Repayment of the company’s debts

  • Carry growth initiatives

  • Payment for the acquisition consideration of Edureka / repayment of the company's bridge loans mainly availed for discharging the acquisition consideration of Edureka

Lastly, the registrar of this follow-on public offer is Link Intime India Private Limited.

Issue Type

Book-built

Listing at

BSE and NSE

IPO Price Band

₹130 to ₹137

per equity share

Face Value

₹10

per equity share

Issue Size

Rs. 200 crores

Market Lot

Minimum - 100 shares
Maximum - 1400 shares

Veranda Learning Solutions IPO Dates

IPO Event Date
IPO Opens on 29 March 2022
IPO Closes on 31 March 2022
Basis Of Allotment Publication Date 5 April 2022
Credit Of Shares To Demat Account 6 April 2022
Initiation Of Refunds 6 April 2022
IPO Listing Date 7 April 2022

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Veranda Learning Solutions IPO Latest News and Subscription Status Today [Live]

At 10:20:00 AM.

- This IPO has been subscribed 1.39x by 10:20 AM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x

- (NII) Non-institutional buyers: 1.06x

- (RII) Retail Individual buyers: 7.58x

 

At 11:20:00 AM.

- This IPO has been subscribed 1.47x 10:20 AM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.34x

- (NII) Non-institutional buyers: 1.13x

- (RII) Retail Individual buyers: 7.83x

 

At 12:35:00 PM.

- This IPO has been subscribed 1.54x 12:35 PM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.35x

- (NII) Non-institutional buyers: 1.14x

- (RII) Retail Individual buyers: 8.28x

 

At 01:25:00 PM.

- This IPO has been subscribed 1.61x 01:25 PM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.35x

- (NII) Non-institutional buyers: 1.18x

- (RII) Retail Individual buyers: 8.72x

 

At 02:20:00 PM.

- This IPO has been subscribed 2.10x by 02:20 PM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.97x

- (NII) Non-institutional buyers: 1.33x

- (RII) Retail Individual buyers: 9.09x

 

At 04:05:00 PM.

- This IPO has been subscribed 3.49x by 04:05 PM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.02x

- (NII) Non-institutional buyers: 3.87x

- (RII) Retail Individual buyers: 10.49x

 

At 05:05:00 PM.

- This IPO has been subscribed 3.53x by 05:05 PM. on Day 3

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 2.02x

- (NII) Non-institutional buyers: 3.87x

- (RII) Retail Individual buyers: 10.76x

 

At 10:40:00 AM.

- This IPO has been subscribed 0.86x by 10:40 AM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.05x

- (NII) Non-institutional buyers: 0.90x

- (RII) Retail Individual buyers: 4.98x

 

At 11:40:00 AM.

- This IPO has been subscribed 0.94x by 11:40 AM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.05x

- (NII) Non-institutional buyers: 0.96x

- (RII) Retail Individual buyers: 5.48x

 

At 1:20:00 PM.

- This IPO has been subscribed 0.98x by 1:20 PM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.05x

- (NII) Non-institutional buyers: 0.97x

- (RII) Retail Individual buyers: 5.78x

 

At 2:30:00 PM.

- This IPO has been subscribed 1.19x by 2:30 PM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x

- (NII) Non-institutional buyers: 0.98x

- (RII) Retail Individual buyers: 6.23x

 

At 3:30:00 PM.

- This IPO has been subscribed 1.26x by 3:30 PM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x

- (NII) Non-institutional buyers: 0.99x

- (RII) Retail Individual buyers: 6.69x

 

At 4:30:00 PM.

- This IPO has been subscribed 1.29x by 4:30 PM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x

- (NII) Non-institutional buyers: 1.00x

- (RII) Retail Individual buyers: 6.91x

 

At 5:10:00 PM.

- This IPO has been subscribed 1.31x by 5:10 PM. on Day 2

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x

- (NII) Non-institutional buyers: 1.06x

- (RII) Retail Individual buyers: 7.00x

 

At 10:40:00 AM.

- This IPO has been subscribed 0.24x by 10:40 AM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.06x

- (RII) Retail Individual buyers: 1.73x

 

At 11:30:00 AM.

- This IPO has been subscribed 0.28x by 11:30 AM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.06x

- (RII) Retail Individual buyers: 2.05x

 

At 1:10:00 AM.

- This IPO has been subscribed 0.42x by 1:10 PM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.27x

- (RII) Retail Individual buyers: 2.85x

 

At 2:10:00 PM.

- This IPO has been subscribed 0.49x by 2:10 PM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.43x

- (RII) Retail Individual buyers: 2.98x

 

At 3:10:00 PM.

- This IPO has been subscribed 0.58x by 3:10 PM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x

- (NII) Non-institutional buyers: 0.75x

- (RII) Retail Individual buyers: 3.31x



At 4:10:00 PM.

- This IPO has been subscribed 0.71x by 4:10 PM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.05x

- (NII) Non-institutional buyers: 0.81x

- (RII) Retail Individual buyers: 3.99x

 

At 5:10:00 PM.

- This IPO has been subscribed 0.74x by 5:10 PM. on Day 1

- It is a public issue of 1,17,88,365 equity shares.

 Status of Subscription

- (QIB) Qualified institutional buyers: 0.05x

- (NII) Non-institutional buyers: 0.85x

- (RII) Retail Individual buyers: 4.15x

About Veranda Learning Solutions

Veranda Learning Solutions Pvt. Ltd. is a learning platform offering its students online and offline modes of obtaining an education. It was incorporated on 20 November 2018 to assist students in pursuing their careers through courses like banking, chartered accountancy, UPSC, and other government exams.

In addition, this platform has also diversified and integrated its ways of teaching to provide easy access to corporate employees, professionals and graduates as well. For this purpose, Veranda Learning Solutions Pvt. Ltd. even carries out reskilling & upskilling courses, professional courses, career-defining competitive tests, exam-based courses.

Financial Highlights

Interested investors can also look into the financial details of Veranda Learning Solutions Pvt. Ltd. for the past three financial years in the table below.

Financial Year Total Assets (Rs. in Millions) Total Revenue (Rs. in Millions) Profit After Tax (Rs. in Millions)
FY 2021 115.19 25.45 (82.79)
FY 2020 0.01 - (1.96)
FY 2019 0.51 - (0.98)

Advantages That Veranda Learning Solutions Pvt. Ltd. Holds in the Market

As per expert's analysis, following are the advantages that Veranda Learning Solutions Pvt. Ltd. holds in the market:

  1. Diversification in courses and multiple delivery channels
  2. 360-degree approach for teaching career-oriented learning courses
  3. Promoters of the company have a proven track record
  4. Expertise in educational background and a qualified human working capital
  5. Grip over technology, scalable business model and asset-light nature
  6. Advanced infrastructure and quality resource management

Disadvantages of Veranda Learning Solutions Pvt. Ltd. in the Market

As per the analysis, the disadvantages of Veranda Learning Solutions Pvt. Ltd. in the market are:

  1. There is no proper regulation in the company’s field of work (coaching and training sector).
  2. Operating results generated by the company may fluctuate in the future.
  3. The company heavily relies on its human capital to attract and maintain a student base.
  4. The business cycle of Veranda Learning Solutions Pvt. Ltd. is cyclic since it depends on the academic cycle.

Bottom Line

This is all the information an interested investor may need about Veranda Learning Solutions Pvt. Ltd. and its initial public offering. So, investors who want to participate in the company IPO make sure to look into their advantages and disadvantages over the market and financial highlights over the years for better decision making. Also, if one chooses to invest, one must be mindful of the bidding dates. 

Veranda Learning Solutions IPO FAQs

When will be the refunds of Veranda Learning Solutions Pvt. Ltd. IPO initiated?

The date for initiation of refunds for this IPO is 6 April 2022.

What is the price band of Veranda Learning Solutions Pvt. Ltd. offering?

The price band as set by Veranda Learning Solutions Pvt. Ltd. is between Rs. 130 and Rs. 137 per equity share. 

What is the decided allotment date for IPO as per Veranda Learning Solutions Pvt. Ltd.?

The IPO allotment date for Veranda Learning Solutions Pvt. Ltd. IPO is 5 April 2022. 

What is the maximum lot size of Veranda Learning Solutions Pvt. Ltd.'s initial public offering?

The maximum lot size an investor can avail through Veranda Learning Solutions Pvt. Ltd. IPO is Rs. 1,91,800 for 1400 shares. 

What is the process to apply for Veranda Learning Solutions Pvt. Ltd. IPO through Angel One?

You can apply for Veranda Learning Solutions Pvt. Ltd. IPO by creating and logging into Angel One account. On the other hand, you can also link your UPI handle with the Angel One app to subscribe to the company IPO. 

When will Veranda Learning Solutions Pvt. Ltd. conduct a listing of its IPO?

The listing date set by Veranda Learning Solutions Pvt. Ltd. for its IPO is 7 April 2022.

When will the shares of Veranda Learning Solutions Pvt. Ltd. be credited to the Demat accounts?

The shares of Veranda Learning Solutions Pvt. Ltd. will be credited to Demat accounts on 6 April 2022.

What will be the post-issue promoter shareholding in Veranda Learning Solutions Pvt. Ltd.?

The post-issue promoter shareholding in Veranda Learning Solutions Pvt. Ltd. will be 65.87%.

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