LIC IPO vs Veranda Learning IPO

Comparision between LIC IPO and Veranda Learning IPO.

IPO Details

LIC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Veranda Learning IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	LIC IPO	Veranda Learning IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Systematix Corporate Services Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of LIC IPO is up to ₹21,008.48 Cr whereas the issue size of the Veranda Learning IPO is up to ₹200.00 Cr. The final issue price of LIC IPO is ₹949.00 per share and of Veranda Learning IPO is ₹137.00 per share.

	LIC IPO	Veranda Learning IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹902.00 per share	₹130.00 per share
Issue Price (Upper)	₹949.00 per share	₹137.00 per share
Issue Price (Final)	₹949.00 per share	₹137.00 per share
Discount (Retail)	₹45.00 per share
Discount (Employee)	₹45.00 per share
Market Lot Size	15 shares	100 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹200.00 Cr
OFS Issue Size	22,13,74,920 shares
OFS Issue Size (Amount)	up to ₹21,008.48 Cr
Issue Size Total	22,13,74,920 shares
Issue Size Total (Amount)	up to ₹21,008.48 Cr	up to ₹200.00 Cr

IPO Timetable

LIC IPO opens on May 04, 2022, while Veranda Learning IPO opens on Mar 29, 2022. The closing date of LIC IPO and Veranda Learning IPO is May 09, 2022, and Mar 31, 2022, respectively.

	LIC IPO	Veranda Learning IPO
Anchor Bid Date
Issue Open	May 04, 2022	Mar 29, 2022
Issue Close	May 09, 2022	Mar 31, 2022
Basis Of Allotment (Tentative)	May 12, 2022	Apr 05, 2022
Initiation of Refunds (Tentative)	May 13, 2022	Apr 06, 2022
Credit of Share (Tentative)	May 16, 2022	Apr 06, 2022
Listing date (Tentative)	May 17, 2022	Apr 11, 2022
Anchor Lockin End date 1	Jun 11, 2022	May 05, 2022
Anchor Lockin End date 2	Aug 10, 2022	Jul 04, 2022

Financials

LIC IPO P/E ratio is 201.91, as compared to Veranda Learning IPO P/E ratio of .

LIC IPO

Veranda Learning IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Dec-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	40,907,867.78	37,464,044.68	34,141,745.74	33,663,346.17
Profit After Tax	17,153.12	29,741.39	27,104.78	26,273.78

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in Millions)
	30-Sep-21	31-Mar-21
Total Assets	3,073.65	115.19
Total Revenue	156.61	25.45
Profit After Tax	(182.69)	(82.79)

Promoter Shareholding (Pre-Issue)

100%

89.22%

Promoter Shareholding (Post-Issue)

96.50%

65.87%

P/E Ratio

201.91

Market Cap

₹600242.28 Cr.

₹764.12 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the LIC IPO retail investors (RII) are offered 6,91,79,663 shares while in Veranda Learning IPO retail investors are offered 6,91,79,663 shares. Qualified institutional buyers (QIB) are offered 3,95,31,236 shares in LIC IPO and 43,79,562 shares in Veranda Learning IPO.

	LIC IPO	Veranda Learning IPO
Anchor Investor Reserveration	5,92,96,853 shares	65,69,343 shares
Market Maker Reserveration
QIB	3,95,31,236 shares	43,79,562 shares
NII	2,96,48,427 shares	21,89,781 shares
RII	6,91,79,663 shares	14,59,854 shares
Employee	15,81,249 shares
Others
Total	16,20,78,067 shares	1,45,98,540 shares

Bids Received (Subscription)

LIC IPO subscribed 2.95x in total, whereas Veranda Learning IPO subscribed 3.53x.

	LIC IPO	Veranda Learning IPO
QIB (times)	2.83x	2.02x
NII (times)	2.91x	3.87x
Big NII (times)
Small NII (times)
RII (times)	1.99x	10.76x
Employee (times)	4.40x
Other (times)	6.12x
Total (times)	2.95x	3.53x

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Hariom Pipe Industries IPO	Venus Pipes & Tubes IPO
Veranda Learning IPO	Ethos Limited IPO
Uma Exports IPO	Hariom Pipe Industries IPO
Manyavar IPO	Uma Exports IPO
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Tracxn Technologies IPO	AGS Transact IPO

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