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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
IPO Price Band
₹130 to ₹137
per equity share
Face Value
₹10
per equity share
Issue Size
Rs. 200 crores
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 |
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:
- Diversification in courses and multiple delivery channels
- 360-degree approach for teaching career-oriented learning courses
- Promoters of the company have a proven track record
- Expertise in educational background and a qualified human working capital
- Grip over technology, scalable business model and asset-light nature
- 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:
- There is no proper regulation in the company’s field of work (coaching and training sector).
- Operating results generated by the company may fluctuate in the future.
- The company heavily relies on its human capital to attract and maintain a student base.
- 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
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