Veranda Learning Solutions Limited

Veranda Learning Solutions Limited

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Veranda Learning Solutions Limited IPO Details

Business Overview:

Incorporated in 2018, Veranda Learning Solutions Limited 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 (Edureka).

During the nine-month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all courses, out of which 16,793 enrolled for the offline model and 25,874 enrolled for the online model.

Competitive strengths

      • Proven track record of the company 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 of our brands.

      • 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.

Company Financials

Summary of financial Information (Restated Consolidated)

Particulars

For the year/period ended (₹ in million)

 

30-Sept-21

31-Mar-21



Total Assets

3073.65

115.19



Total Revenue

156.61

25.45

Profit After Tax

(182.69)

(82.79)


IPO Details

Issue Type

Book Built Issue IPO

Face Value

₹10 per equity share

IPO Price

₹130 to ₹137 per equity share

Market Lot

100 Shares

Min Order Quantity

100 Shares

Listing At

BSE, NSE

Issue Size

[.] Eq Shares of ₹10 (aggregating up to ₹200.00 Cr)

Fresh Issue

[.] Eq Shares of ₹10 (aggregating up to ₹200.00 Cr)


IPO Open Date

Mar 29, 2022

IPO Close Date

Mar 31, 2022

Basis of Allotment Date

Apr 05, 2022

Initiation of Refunds

Apr 06, 2022

Credit of Shares to Demat Account

Apr 06, 2022

IPO Listing Date

Apr 07, 2022

IPO Bid Details:

BID LOT

100

200

300

400

500

600

700

AMOUNT

13700

27400

41100

54800

68500

82200

95900

BID LOT

800

900

1000

1100

1200

1300

AMOUNT

109600

123300

137000

150700

164400

178100