Veranda Learning IPO Details – Company has the experience to help candidates achieve their aspirations by providing them with one-to-one coaching for any of the competitive exams post their entrance exam preparation courses. The company offers top-rated coaching for Railway Recruitment Board exams examination series (RRBs), Banking and Insurance exams, State Public Service Commission, Staff Selection Commission exams, CA Foundation, CA Intermediate and CA Final exams, Union Public Service Commission (UPSC) preliminary and main examinations and personality tests, UPSC Group I examination, short term skilling programs, long term programs (which are university partnership programs in which colleges provide degrees to students), corporate learning programs that are B2B related.
Veranda Learning IPO Review
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For Listing Gain:- Down Rating
Veranda Learning Financial Report ₹(in cr) Consolidated
| Year | Revenue | PAT | Assets |
|---|---|---|---|
| Mar 2021 | 2.54 | (8.279) | 11.51 |
| Sep 2021 | 15.66 | (18.269) | 307.36 |
Veranda Learning IPO Date & Details
It is a Book building issue type IPO with IPO Size ₹200 Cr and it will list on NSE as well as in BSE.
| IPO Open Date | 29 Mar 2022 |
| IPO Close Date | 31 Mar 2022 |
| IPO Size | ₹200 Cr |
| Issue Type | Book Building issue |
| Fresh Issue | ₹200 Cr |
| Offer For sale | – |
| Face Value | ₹10/Equity share |
| Price Band | ₹130 to ₹137 |
| List On | NSE & BSE |
| DRHP | Click Here |
| GMP | Click Here |
Objective
- Repayment of All Borrowing
- Company Growth
- “The Company will use its best efforts to ensure that it has sufficient resources available for the acquisition of Edureka, and will make a cash payment of the results of such acquisition in either the first or second quarter of this fiscal year.”
Strength
- Strong Brand Presence
- Successful Acquisition and Expansion Track record.
- Diversified course and channels
- Technology Driven
- Pandemic Proof Bussiness model
Veranda Learning IPO Market Lot Size
In Veranda Learning IPO Minimum of 100 Shares in 1 lot with ₹13,700 application amount. If you want to come under retail investor then you can apply a maximum for 14 Lot, 1,400 shares with ₹191,800 application amount.
| Minimum Lot Size | 1 Lot, 100 Shares |
| Minimum Amount | ₹ 13,700 |
| Maximum Lot Size | 14 Lot, 1,400 Shares |
| Maximum Amount | ₹191,800 |
Reservation
The reservation for the Veranda Learning IPO is like 50% is for QIB, 15% is for NII and 35% is for RII, employee quota is not shared. There is no reservation for employees.
| Category | Reservation(%) |
|---|---|
| QIB | 70% |
| NII | 15% |
| RII | 10% |
IPO Time Table
Veranda Learning IPO Listing Date is on 07 April 2022, opening and the closing date is 28 – 30 March 2022 and is as follows.
| IPO Open Date | 29 Mar 2022 |
| IPO Close Date | 31 Mar 2022 |
| Allotment Date | 05 April 2022 |
| Refund Date | 06 April 2022 |
| Credit to Demat Account | 06 April 2022 |
| Listing Date | 07 April 2022 |
About Company
Established in 2018, Veranda Learning Solutions Ltd 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. Approximately 42,667 are currently enrolled in companies program of various routes toward attaining their degree or pursuing a goal of securing a successful position with an organization of interest. Of those enrolled 19% have been working toward an improvement in their grades while 81% have been pursuing the path toward connecting with recruiters.
Lead Managers
- Systematix Corporate Services ltd
Promoters
- Mr. Kalpathi S. Aghoram
- Mr. Kalpathi S. Ganesh
- Mr. Kalpathi S. Suresh
Registrar
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/
Address
Veranda Learning Solutions Limited
Old No 54, New No 34,
Thirumalai Pillai Road,
T. Nagar, Chennai – 600017
Phone: +91 44 42967777
Email: anantharamakrishnan.m@verandalearning.com
FAQ
Q. What is the Price Band of Veranda Learning IPO?
Q. What is the launch date of the Veranda Learning IPO?
What is the size of the Veranda Learning IPO?
What is the Veranda Learning IPO allotment Date?
What is the listing date Of Veranda Learning IPO?
How to Apply Veranda Learning IPO through Zerodha?
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Veranda Learning IPO”. Click on Bid Button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply Veranda Learning IPO through Upstox App?
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Veranda Learning IPO”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply Veranda Learning IPO Groww App?
2. Now you can see IPOs and Click on IPO.
3. You will see the IPO Name “Veranda Learning IPO”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to approve the payment process.
How to Apply Veranda Learning IPO through Paytm Money App?
2. Now you can see Invest is IPOs Section and Click on IPO.
3. You will see the IPO Name “Veranda Learning IPO”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
Conclusion:- I hope this article is helpful for you if you have any queries regarding IPO and upcoming IPO you can comment down below.