Shares Offered
Number of Times Subscribed
Objects of the Offer
-
Use opportunistic and strategic acquisitions to rapidly expand offerings and customer reach
-
Geographic expansion through its PDCs
-
Addition of new courses and offerings to ensure that the company covers its 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
Objects of the Offer
-
Use opportunistic and strategic acquisitions to rapidly expand offerings and customer reach
-
Geographic expansion through its PDCs
-
Addition of new courses and offerings to ensure that the company covers its 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
-
Develop and expand its publishing and content development.
-
Drive economy of scale to ensure that the company continues to stay affordable while delivering the highest quality of education
-
Focus on rationalizing its indebtedness.
Products & Services
-
The Company is 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 (
Strengths
-
Proven track record of its Promoters;
-
Result oriented method of teaching with 360 degree approach;
-
Diversified course offerings and delivery channels;
-
Extensive experience in the education business and professionally qualified human capital;
-
Strong Brand Presence;
Strengths
-
Proven track record of its Promoters;
-
Result oriented method of teaching with 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.
Promoters Holding
Pre Holding
87.66%
Post Holding
64.72%
Financials
All values in Cr
|
Mar-2023 |
Mar-2021 |
Mar-2023 |
3-Yr trend |
Revenue |
-79.21 (-856.60%) |
2.54 (-) |
165.37 (6,410.60%) |
|
Gross Profit |
-79.21 (-856.60%) |
2.54 (-) |
165.37 (6,410.60%) |
|
Net Income |
-79.21 (-856.60%) |
2.54 (-) |
165.37 (6,410.60%) |
|
Assets |
-79.21 (-856.60%) |
2.54 (-) |
165.37 (6,410.60%) |
|
Liabilities |
-79.21 (-856.60%) |
2.54 (-) |
165.37 (6,410.60%) |
|
Book Running Managers
-
Systematix Corporate Services Ltd
Registrar & Transfer Agent
KFin Techologies Ltd
Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222
Fax: 91-40-23001153/23420814
Company Contact Information
Old No 54 New No 34,
Thirumalai Pillai Road T Nagar,
Chennai - 600017
Phone : 91-44-42967777
Email : anantharamakrishnan.m@verandalearning.com
www.verandalearning.com
Offer Related Information
Initial public offering of 14,598,540 equity shares of face value of
Rs. 10 each ("Equity Shares") of Veranda Learning Solutions Limited (the "Company" or the "Issuer") for cash at a price of Rs. 137 per equity share (including a share premium of Rs. 127 per equity share) (the "Offer Price") aggregating up to Rs. 200.00 crores (The "Offer"). The offer would constitute 26.17%, of the post-offer paid-up equity share capital of the company.
The face value of equity shares is Rs. 10 each. The... More fer price is 13.7 times the face value of the equity shares.
Bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter.Less