Veranda Learning Solutions Limited Incorporated in 2018, Company 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.
The company offers coaching services for Railways Recruitment Board exams, Banking, and Insurance exams, State Public Service Commission, Staff Selection Commission exams, CA Foundation, CA Intermediate, and CA Final exams, Union Public Service Commission-prelims, and main exam, and personality tests, and State Public Service Commission Group-I exams, Short term skilling courses, Long term courses (university partnership courses) and Corporate learning courses (B2B). All the services are offered through its wholly-owned subsidiaries namely Veranda Race Learning Solutions Private Limited (Veranda Race), Veranda XL Learning Solutions Private Limited (Veranda CA), Veranda IAS Learning Solutions Private Limited (Veranda IAS), and Brain4ce Education Solutions Private Limited.
Veranda Learning Solutions Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 29 March 2022 |
| IPO Close Date | 31 March 2022 |
| Allotment Date | 06 Apr 2022 |
| IPO Listing Date | 11 Apr 2022 |
Veranda Learning Solutions Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 130 to Rs. 137 Per Equity Share |
| Market Lot | 100 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 200 Crore. |
Veranda Learning Solutions Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 100 | Rs. 13700 |
| Maximum | 14 | 1400 | Rs. 191800 |
Veranda Learning Solutions Limited IPO Allotment Status
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Click Here To Get ASBA Forms Veranda Learning Solutions Limited IPO
Company Financials:
| Particular | 31 Sep 2021 | 31 March 2021 |
| Total Assets | 3073.65 | 115.19 |
| Total Revenue | 156.61 | 25.45 |
| Profit After Tax | (182.69) | (82.79) |
For the year/period ended (₹ in million)
Company Promoters:
Acharya Balkrishna, Ram Bharat, Snehlata Bharat, Patanjali Ayurved
Mr. Kalpathi S. Aghoram, Mr. Kalpathi S. Ganesh, and Mr. Kalpathi S. Suresh are the company promoters.
Objects of this Issue:
The IPO aims to utilize the net proceed towards the following purposes;
- Repayment or pre-payment, in part or full of all or certain of our borrowings.
- Payment of acquisition consideration of Edureka or repayment of a bridge loan availed specifically for the purpose of discharge of such acquisition consideration of Edureka.
- Growth initiatives.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | KFin Technologies Limited Phone: 04067162222, 04079611000 Email: einward.ris@kfintech.com Website: https://karisma.kfintech.com/ |
