Veranda Learning Solutions is a digital learning platform that offers a multitude of career-defining courses in the field of competitive exams training. Veranda is offering diversified and integrated learning solutions to students, professionals, and corporate employees as well. They provide courses for their students to prepare for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways and Chartered Accountancy, Etc
Veranda Learning IPO date is fixed, the IPO is to open on 29 March and will close on 31 March 2022. The company to raise ₹200 crores via IPO that comprises fresh issue of ₹- crores and an offer for sale up to - equity shares of ₹10 each. The retail quota is 10%, QIB 75% and NII is 15%.
Important Details:
- Veranda is a digital learning platform that provides learning solutions to students, professionals, and corporate employees.
- The company may consider a private placement of equity shares aggregating ₹50 crores.
Brokerage Firm IPO Reviews
- Axis Capital: Neutral
- JM Financial: Neutral
Veranda Learning IPO Date & Price Band
| IPO Open: | 29 March 2022 |
| IPO Close: | 31 March 2022 |
| IPO Size: | Approx ₹200 Crores |
| Fresh Issue: | Approx ₹200 Crores |
| Offer for Sale: | Approx - Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹130 to ₹137 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Veranda Learning IPO Market Lot
The Veranda Learning IPO minimum market lot is 100 shares with ₹13,700 application amount. The retail investors can apply up-to 14 lots, 1400 shares with ₹191,800 application amount.
| Minimum Lot Size: | Minimum 100 Shares for 1 lot |
| Minimum Amount: | ₹13,700 for 1 lot |
| Maximum Lot Size: | Maximum 1400 Shares for 14 lot |
| Maximum Amount: | ₹191,800 for 14 lot |
Veranda Learning IPO Allotment & Listing Dates
The Veranda Learning IPO date is 29 March 2022 and the IPO close date is 31 March 2022. The IPO allotment date is 05 April 2022 and the IPO may list on 07 April 2022.
| Price Band Announcement: | 23 March 2022 |
| Anchor Investors Allotment: | 28 March 2022 |
| IPO Open Date: | 29 March 2022 |
| IPO Close Date: | 31 March 2022 |
| Basis of Allotment: | 05 April 2022 |
| Refunds: | 06 Apri l2022 |
| Credit to Demat Account: | 06 April 2022 |
| IPO Listing Date: | 07 April 2022 |
Veranda Learning Financial Report
| ₹ in Crores | |||
| Income | Expense | PAT | |
| 2019 | ₹- | ₹- | ₹- |
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹2.55 | ₹10.83 | -₹8.28 |
| 2022 6M | ₹4.87 | ₹10.02 | -₹5.14 |
Veranda Learning IPO Valuation
Check Veranda Learning IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | -₹5.14 per Equity Share (6M 2022) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 80.46% (6M 2022) |
| Net Asset Value (NAV): | 6.04 per Equity Share (6M 2022) |
Company Promoters
- Mr. Kalpathi S. Aghoram
- Mr. Kalpathi S. Ganesh
- Mr. Kalpathi S. Suresh
Veranda Learning IPO Registrar
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: veranda.ipo@kfintech.com
Investor Grievance E- mail:einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: Mr. M. Murali Krishna
SEBI Registration No.: INR000000221
Veranda Learning IPO Allotment Status Check
Check Veranda Learning IPO allotment status on KFintech website allotment URL. Click Here
Veranda Learning IPO Lead Managers
- Systematix Corporate Services Limited
Company Address
Veranda Learning Solutions
Address: Old No 54, New No 34,
Thirumalai Pillai Road, T. Nagar,
Chennai – 600017, Tamil Nadu, India
Tel: +91 44 4296 7777
Website: www.verandalearning.com
Contact Person: Mr. M. Anantharamakrishnan
Company Secretary and Compliance Officer
E-mail: anantharamakrishnan.m@verandalearning.com