Veranda Learning IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Veranda Learning

CMP

177.95

-7.40 (-3.99%)

  • DRHP
₹137

Offer Price

₹ 200.00 Cr

Issue Size

₹ 13,700

Min Investment

2.24x

Times Subscribed

100

Lot size

Time Line

  • 29
    Mar 2022
    Open
  • 31
    Mar 2022
    Close
  • 05
    Apr 2022
    Finalisation of Basis of Allotment
  • 06
    Apr 2022
    Initiation of Refunds
  • 06
    Apr 2022
    Transfer of Shares to Demat Account
  • 11
    Apr 2022
    Listing Date

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

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;

Company Promoters

Promoters Holding

Issue For IPO
22.94%
Pre Holding

87.66%

Post Holding

64.72%

Top Promoters Holding

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

News

  • 01 Apr 2022, 17:35 PM

    Veranda Learning Solutions IPO ends with good subscription

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