Veranda Learning Solutions is engaged in offering learning solutions in online as well as offline formats to students, graduates, professionals, and corporate employees. It provides long as well as short-term preparatory courses for students preparing for various exams across such as UPSC, State Public Service Commission, Banking, Insurance, Railways, and Chartered Accountancy.
All the services provided by Veranda Learning Solutions are offered through its wholly-owned subsidiaries; Veranda Race, Veranda XL Learning Solutions, Veranda CA, Veranda IAS Learning Solutions, and Edureka. During the period ended December 31, 2021 Veranda operated 25 PDCs across 25 cities and towns and 2 states.
The public offer of Veranda Learning Solutions comprises a fresh issue of equity shares aggregating up to Rs. 200 crores.
Financial Snapshot;
| March 2021 | As of September 2021 | |
|---|---|---|
| Revenue (₹ Crores) | 2.55 | 15.66 |
| PAT (₹ Crores) | -8.28 | -18.27 |
| EPS (₹) | -7.29 | -5.14 |
For more information, you can check the IPO Prospectus filed by the company.
IPO Schedule
| Issue Period | 29th March 2022 to 31th March 2022 |
|---|---|
| Price Range | ₹ 130 – 137 |
| Minimum Bid Quantity | 100 and in multiples thereof |
| Finalization of Allotment | 5th April 2022 |
| Initiation of Refunds | 6th April 2022 |
| Credit of Shares | 6th April 2022 |
| Date of Listing | 11th April 2022 |
| Mandate end date | 16th April 2022 |
| Anchor Investors Lock-in End Date | 30th April 2022 |
How do I apply to the Veranda Learning Solutions IPO?
You can apply for the Veranda Learning Solutions IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How do I check the allotment status for Veranda Learning Solutions IPO?
You can check the allotment status for the Veranda Learning Solutions IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.