Veranda Learning Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Veranda Learning Solutions IPO release date, IPO offer price, subscription, Veranda Learning IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 130 to 137 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 100 Shares |
| Listing Date | Apr 7, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 2,0000 Lakhs |
| IPO Size | Rs 2,0000 Lakhs |
| Tick Size | 1 |
Veranda Learning Solutions IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Veranda Learning Solutions IPO – Summary
They are engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively “Students”) professionals and corporate employees (“Learners”) enrolled with their courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.
Veranda Learning Solutions provide comprehensive long-term and short-term preparatory courses simply and lucidly for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways, and Chartered Accountancy. They also provide customized short-term skilling courses, long-term courses, and other corporate courses to their Learners. They also deliver these courses to employees of corporates through their B2B offerings.
The Promoter of this company is MR. KALPATHI S. AGHORAM, MR. KALPATHI S. GANESH AND MR. KALPATHI S. SURESH. The lead manager to the issue is Systematix Corporate Services Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Veranda Learning Solutions IPO Date
The opening and the closing date of Veranda Learning Solutions IPO are Mar 29, 2022 and Mar 31, 2022.
Check out Related IPO Links:
| Veranda Learning Solutions IPO GMP |
| Allotment – Veranda Learning Solutions IPO |
Veranda Learning Solutions IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 29th March | 0.05x | 0.85x | 4.15x | 0.74x |
| 2nd Day – 30th March | 0.28x | 1.06x | 7.00x | 1.31x |
| 3rd Day – 31st March | 2.02x | 3.87x | 10.76x | 3.53x |
| Shares Offered or Net Issue | 7,942,212 | 2,307,692 | 1,538,461 | 11,788,365 |
The shares subscribed by the public will be updated here.
Check Veranda Learning Solutions IPO LIVE Subscription
- Veranda Learning Solutions IPO LIVE Bid details on BSE
- Veranda Learning Solutions IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Veranda Learning Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Veranda Learning Solutions Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Apr 5, 2022 |
| Refunds Initiation | Apr 6, 2022 |
| Credit of Shares to Demat Account | Apr 6, 2022 |
| Share Listing Date | Apr 7, 2022 |
Veranda Learning Solutions IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.130 to 137
Veranda Learning Solutions IPO Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs 130 to 137 per equity share aggregating to Rs.2,0000 Lakhs.
Veranda Learning Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.2,000 Million
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Veranda Learning Solutions IPO – Live Performance
The listing date of this IPO is Apr 7, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Veranda Learning Solutions Share Price |
Veranda Learning Solutions IPO Grey Market Premium
The Veranda Learning Solutions Limited IPO Grey Market Premium price is Rs 15, the Kostak rate is Rs 250 and the Subject to Sauda is Rs.300.
Veranda Learning Solutions IPO – Company Overview
They primarily provide their services through online, offline hybrid, and offline blended learning models. Veranda Learning Solutions offline hybrid learning model involves classroom teaching supported with online assessments and access to self-paced learning material to enhance recall and retention. Their offline blended model involves a mix of Online content and Offline delivery, wherein the center delivers LMS Study Materials together with the traditional classroom experience of personal mentoring from Mentors, with a dedicated Mentor in each classroom available for assistance to a Student.
Veranda Learning Solutions offline hybrid and offline blended learning models offer traditional classroom experience of personal mentoring from experienced Mentors along with highly curated digital content and online assessments. Their tech-infused online learning model allows students to engage in self-paced inclusive and individualized learning experiences without being hindered by the restriction of needing to be present in a physical classroom.
Their Online learning model comprises recorded videos and an online live instructor-led learning mode. They also focus on delivering specific courses in regional languages to better reach out to Students of Tier 2 and 3 cities and rural areas.
Veranda Learning Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 135.02 | 115.19 | 0.01 | 0.51 |
| *Total Revenue | 48.68 | 25.45 | – | – |
| Total Expense | 100.18 | 108.32 | 1.96 | 0.98 |
| Profit After Tax | (51.37) | (82.79) | (1.96) | (0.98) |
Earnings per Equity Share (in Million)
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (1.84) | (7.29) | (489.69) | (245.88) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (82.79) Million, Rs. (1.96) Million and Rs. (0.98) Million respectively.
Veranda Learning Solutions IPO – Promoters
The Promoter of this company is:
- MR. KALPATHI S. AGHORAM,
- MR. KALPATHI S. GANESH
- MR. KALPATHI S. SURESH
List of Related Parties (Key Managerial Personnel)
- Kalpathi S. Suresh, Executive Director cum Chairman
- Kalpathi S. Aghoram, Non-Executive Director cum Vice-Chairman
- Kalpathi S. Ganesh, Non-Executive Director
- Kalpathi Aghoram Archana, Non-Executive Director
- S. Lakshminarayanan, Non-Executive Independent Director
- Revathi S. Raghunathan, Non-Executive Independent Director
Veranda Learning Solutions IPO – Promoters Holding
- Pre Issue Share Holding – 89.22%
- Pos Issue Share Holding – 65.87%
Veranda Learning Solutions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.2,0000 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 37,600,010 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Veranda Learning Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Repayment or pre-payment, in part or full of all or certain of their borrowings
2. Retirement of acquisition consideration of Edureka
3. Growth initiatives
Veranda Learning Solutions IPO – Business Strategy
- Use opportunistic and strategic acquisitions to rapidly expand offerings and customer reach
- Geographic expansion through their PDCs
- Addition of new courses and offerings to ensure that they cover their Students’ and Professionals’ education need from an early age to post-academic study and into their professional employment
- Create a model for learning that spans leveraging on a defined learning plan, subscription, and creation of a community model with an underlying fabric of social commerce
- Expand focus on B2C and B2B models to include individual Students, corporates, and educational institutions including schools and colleges
- Brand building strategy that covers a judicial mix of print, video, digital and social media
Veranda Learning Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Proven track record of their Promoters
- Result-oriented method of teaching with a 360-degree approach
- Diversified course offerings and delivery channels
- Extensive experience in the education business and professionally qualified human capital
- Strong Brand Presence
- Track record of successful acquisition and expansion
- Efficient infrastructure and resource management with strict quality control standards and affordable courses
- Technology-driven, Asset Light & Scalable business model
- Pandemic Proof Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (7.29) | NA | (0.02) |
| 31-Mar-20 | (489.69) | NA | – |
| Mar-19 | (245.88) | NA | – |
Veranda Learning Solutions IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Veranda Learning Solutions Limited | 10 | [●] | (7.29) | NA | 48.68 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Veranda Learning Solutions IPO Lead Managers
| Lead Managers |
| Systematix Corporate Services Limited The Capital, A Wing No. 603-606, 6th Floor, Plot No. C-70, G-Block BKC, Bandra East, Mumbai 400 051, Maharashtra, India Tel: +91 22 6704 8000 E-mail: mb.verandaipo@systematixgroup.in Website: www.systematixgroup.in Investor Grievance E-mail: investor@systematixgroup.in Contact Person: Mr. Manish Tejwani/ Ms. Pari Vaya SEBI Registration No.: INM000004224 |
Veranda Learning Solutions IPO Registrar to offer
| Registrar to the Offer |
| 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 – Other Details
- Statutory Auditor – Deloitte Haskins & Sells
- Legal Counsel to the Company – Rajani Associates, Advocates & Solicitors
- Bankers to the Company – HDFC Bank Limited and Hinduja Leyland Finance Limited
Veranda Learning Solutions IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Veranda Learning Solutions Limited IPO News
News 1 – IPO DRHP Download
Veranda Learning Solutions IPO Review FAQs
Ques – What is the Issue Size of Veranda Learning IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Veranda Learning IPO?
Answer – The price band for this particular IPO ranges between Rs.130 to 137. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Veranda Learning IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 29, 2022, while the closing date is set at Mar 31, 2022.
Ques – What is the Veranda Solutions IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Apr 5, 2022, refund initiation is on Apr 6, 2022, credit of shares is on Apr 6, 2022, and share listing date is on Apr 7, 2022.
Ques – What is the Veranda Learning Solutions IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges Apr 7, 2022. The date, when the listing would be done, is stagnant on Apr 7, 2022.
Ques – Who is the Registrar of Veranda Learning Solutions IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Veranda Solutions IPO?
Answer – Here are the promoters of this IPO – MR. KALPATHI S. AGHORAM, MR. KALPATHI S. GANESH AND MR. KALPATHI S. SURESH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Veranda Learning IPO?
Answer – They have obtained the GMP of this IPO and it is Rs.15. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Veranda Learning IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Veranda Learning?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (82.79), 2020 is (1.96), 2019 is (0.98). PAT from June 2021 is (51.37).
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