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Veranda Learning Solutions Limited IPO (Veranda Learning IPO) Detail

Mar 29, 2022 - Mar 31, 2022

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:

  1. Proven track record of the company Promoters.
  2. Result-oriented method of teaching with a 360-degree approach.
  3. Diversified course offerings and delivery channels.
  4. Extensive experience in the education business and professionally qualified human capital.
  5. Strong Brand Presence of our brands.
  6. Track record of successful acquisition and expansion.
  7. Efficient infrastructure and resource management with strict quality control standards and affordable courses.
  8. Technology-driven, Asset Light & Scalable business model.
  9. Pandemic Proof Model.

Company Financials

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)

Objects of the Issue

The net proceeds of the Offer are proposed to be utilized in the following manner:

  1. Repayment or pre-payment, in part or full of all or certain of our borrowings.
  2. Payment of acquisition consideration of Edureka or repayment of a bridge loan availed specifically for the purpose of discharge of such acquisition consideration of Edureka.
  3. Growth initiatives.

Veranda Learning IPO Details

Veranda Learning IPO Date Mar 29, 2022 to Mar 31, 2022
Veranda Learning IPO Face Value ₹10 per share
Veranda Learning IPO Price ₹130 to ₹137 per share
Veranda Learning IPO Lot Size 100 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹200.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹200.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares Offered75% of the net offer
Retail Shares Offered10% of the net offer
NII (HNI) Shares Offered15% of the net offer
Company Promoters

Mr. Kalpathi S. Aghoram, Mr. Kalpathi S. Ganesh, and Mr. Kalpathi S. Suresh are the company promoters.

Veranda Learning IPO Timeline (Tentative Timetable)

Veranda Learning IPO opens on Mar 29, 2022, and closes on Mar 31, 2022. The Veranda Learning IPO bid date is from Mar 29, 2022 10.00 A.M. to Mar 31, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Veranda Learning IPO Opening Date Mar 29, 2022
Veranda Learning IPO Closing Date Mar 31, 2022
Basis of Allotment Apr 5, 2022
Initiation of Refunds Apr 6, 2022
Credit of Shares to Demat Apr 6, 2022
Veranda Learning IPO Listing Date Apr 11, 2022

Veranda Learning IPO Lot Size

The Veranda Learning IPO lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹191,800).

Application Lots Shares Amount
Minimum 1 100 ₹13,700
Maximum 14 1400 ₹191,800

Veranda Learning IPO Promoter Holding

Pre Issue Share Holding 89.22%
Post Issue Share Holding 65.87%

Veranda Learning IPO Review

Though the management claims that it is a very niche player in online/offline learning solutions, its operations with high losses raise concerns. Many investors have burnt their pockets with investments in loss-making unicorn/tech companies in the recent past and hence caution is needed. There is no harm in ignoring this IPO. Read detail review...


Veranda Learning IPO Subscription Status (Bidding Detail)

The Veranda Learning IPO is subscribed 3.53 times on Mar 31, 2022 5:00:00 PM. The public issue subscribed 10.76 times in the retail category, 2.02 times in the QIB category, and 3.87 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.02
NII3.87
Retail10.76
Total3.53

Veranda Learning IPO Prospectus

Veranda Learning IPO Rating

289
3.2
Rating:Rated 3.2 stars
Vote Here ...

Veranda Learning IPO Listing Date

Listing Date Monday, April 11, 2022
BSE Script Code 543514
NSE Symbol VERANDA
Listing In T Group of Securities
ISIN INE0IQ001011
IPO Price ₹137 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹137.00
₹157.00
₹149.15
₹164.85
₹160.40
NSE
₹137.00
₹125.00
₹125.00
₹131.25
₹131.25

Company Contact Information

Veranda Learning Solutions Limited
Old No 54, New No 34,
Thirumalai Pillai Road,
T. Nagar, Chennai – 600017
Phone: +91 44 42967777
Email: anantharamakrishnan.m@verandalearning.com
Website: https://www.verandalearning.com/

Veranda Learning IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://karisma.kfintech.com/

Veranda Learning IPO FAQs

Veranda Learning IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹200.00 Crores. The issue is priced at ₹130 to ₹137 per share. The minimum order quantity is 100 Shares.

The IPO opens on Mar 29, 2022, and closes on Mar 31, 2022.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Veranda Learning IPO using UPI as a payment gateway. Zerodha customers can apply in Veranda Learning IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Veranda Learning IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Veranda Learning IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Veranda Learning IPO opens on Mar 29, 2022 and closes on Mar 31, 2022.

Veranda Learning IPO lot size is 100 Shares and the minimum order quantity is .

You can apply in Veranda Learning IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Veranda Learning IPO will be done on Apr 5, 2022, and the allotted shares will be credited to your demat account by Apr 6, 2022. Check the Veranda Learning IPO allotment status.

The Veranda Learning IPO listing date is on Monday, April 11, 2022.
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Veranda Learning IPO Message Board

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294 Comments

112. SHEKHAWAT T |   Link |May 1, 2022 11:28:37 AM
Mravichandran sir
Sorry I am asking for Veranda learning.
Auto spell made mistakenly.
112.1. MRavichandran |   Link |May 1, 2022 7:35:40 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@SHEKHAWAT T,
It run up so much. It was closed UC both in NSE & BSE even during the sell off on Friday, some chances are there to go up. However, I would not recommend for refresh buy (since it may come down a bit upto next acquisition or fund raise news)

Thanks
111. SHEKHAWAT T |   Link |May 1, 2022 11:25:15 AM
Mravichandran sir,plz advice if we can add vedana @cmp .
Thanks.
110. Montyy |   Link |Apr 27, 2022 7:37:11 PM
good profits here , 10% upper circuit today
110.1. MRavichandran |   Link |Apr 27, 2022 9:24:15 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Montyy,
👍Now the value of this stock is high and this going to be a multi bagger for long term

Thanks
109. Kashyapkashyap |   Link |Apr 16, 2022 11:25:40 AM
Anybody can suggest on this issue
I bought this stock in BSE terminal @159 but next it showing in my demate account as loss making even it is trading at 171+.
What can I do to correct it ?
109.2. Kashyapkashyap |   Link |Apr 17, 2022 1:41:52 PM
So can I sell it in bse terminal on Monday ???
109.3. MRavichandran |   Link |Apr 17, 2022 9:59:22 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Kashyapkashyap,
Yes, you may sell in BSE on Monday, no issues (even if you would have bought in NSE, selling in BSE is possible).

p.s: you may don't have to sell since its showing loss in your trading account as @arunARUN indicated. that was not a true loss.

Thanks
108. anantagg |   Link |Apr 16, 2022 12:00:05 AM
Pramod Ji thanks for the information
107. Earthking |   Link |Apr 11, 2022 9:59:09 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
My guess is upper circuit in NSE for two days and lower circuit in BSE for two days
107.29. MRavichandran |   Link |Apr 25, 2022 8:51:40 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@ValueSeeker,
Could you please explain, what I missed out? and also kindly explain the details of 'the acquisition of TIME', much appreciated.

Thanks
107.30. MRavichandran |   Link |Apr 25, 2022 11:07:25 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@ValueSeeker,
I am not sure if you are referring this...however, I will wait for your response.

Veranda Learning acquires test-prep firm T.I.M.E for Rs 287 crore

https://www.moneycontrol.com/news/business/companies/veranda-learning-acquires-30-year-old-test-prep-firm-t-i-m-e-for-rs-287-crore-8408681.html

Thanks
106. Kashyapkashyap |   Link |Apr 15, 2022 6:44:34 PM
Hi,
I bought this stock in BSE terminal @159 but next it showing in my demate account as loss making even it is trading at 171+.
What can I do to correct it ?
105. anantagg |   Link |Apr 11, 2022 7:11:28 PM
I sold almost 5 lakhs shares today at Pre listing. Now I’m just holding 40k shares. It should cross 200 this month.
105.10. PramodNaik |   Link |Apr 13, 2022 5:21:50 AM
good morning Anant Sir..Verandah is Ssi.former software solutions of india..high made around 7600 during k10 time. ..
105.11. MRavichandran |   Link |Apr 13, 2022 8:32:19 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@PramodNaik,
Thanks for the info. I searched and found that 'Veranda' promotors founded 'SSI' and it was merged with 'Aptech'. 'Veranda' is a new company by the same promoters (reputed Kalpathi Aghoram group)

Thanks
104. rsk |   Link |Apr 12, 2022 10:14:05 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
12/04/2022      543514      VERANDA      SOCIETE GENERALE      B      768,398      162.50
12/04/2022      543514      VERANDA      NOMURA SINGAPORE LIMITED      S      778,600      162.51
104.1. Earthking |   Link |Apr 12, 2022 10:48:14 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
From where Nomura got these many shares to sell??? ... Good thing So cute general bought it
103. Blick |   Link |Apr 12, 2022 12:54:54 PM
MRavi how are you valuing this business at 800 crore? Even if this stock is a start up .. this valuation is mind boggling. I don't know what am I missing here?
103.1. MRavichandran |   Link |Apr 12, 2022 1:52:04 PM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Blick,
Valuations are high, however, they have several learning solutions which are growing & expected to grow faster. (personally, as the promotors are genuine, I took risk in applying here).

Thanks
103.2. Noorul |   Link |Apr 12, 2022 2:37:36 PM
@blick. You only missed one thing. That this is Indian stock market and here everything is possible. Loss making company like veranda can give u decent listing gain while profit making car trade swallow the investor wealth like cheese pizza.
Valuation must b crying somewhere in the corner :)
102. Blick |   Link |Apr 12, 2022 8:16:28 AM
MRavi hold your horses.. you are floating on clouds.. thank us later!
102.1. MRavichandran |   Link |Apr 12, 2022 8:24:04 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Blick,
Thank you 🙏 in advance

Thanks
102.2. MRavichandran |   Link |Apr 12, 2022 9:25:45 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@Blick,
To 'whom' else I need to give thank (apart from you.)

Thanks
101. rsk |   Link |Apr 11, 2022 9:07:33 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
NSE Bulk trades
11-Apr-22      VERANDA      Veranda Learning Sol Ltd      RAJASTHAN GLOBAL SECURITIES PVT LTD      SELL      1923749      125      -
11-Apr-22      VERANDA      Veranda Learning Sol Ltd      VINEY PARKASH AGARWAL      SELL      327721      125      -
11-Apr-22      VERANDA      Veranda Learning Sol Ltd      MANSI SHARES & STOCK ADVISORS PVT LTD      BUY      493687      125.88      -
11-Apr-22      VERANDA      Veranda Learning Sol Ltd      SUNIL KUMAR GUPTA      BUY      350000      125      -

BSE Bulk trade
11/04/2022      543514      VERANDA      NOMURA SINGAPORE LIMITED      S      978,581      160.97
101.6. snipperRaj |   Link |Apr 12, 2022 7:01:37 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@mravi sir. Yes, nomura must have tools like algorithmic hft trade platforms to identify gaps b/w exchange and quickly trade based on arbitrage between exchanges. So far seems they didn't buy. may be they are happy with 2.4 cr they made on selling 10 lakh at 160.

@Ravu, noorul. thanks for info. I always thought QIB and anchors can only sell after one month. This selling at 125 seems pre-planned act like in coolcap to make it open lower and accumulate more on pre-listing. otherwise why someone sell at 125. The sold shares may go from their one pocket(dmat) to another..
101.7. MRavichandran |   Link |Apr 12, 2022 9:05:00 AM
IPO Guru IPO Guru (1400+ Posts, 1800+ Likes)
@snipperRaj,
minimum 1 or 2 UC expected. lets hope for the best (those who bought at higher levels yesterday will surely buy at lower levels today).

Thanks
100. Blick |   Link |Apr 12, 2022 8:04:38 AM
On way to Rs. 50
99. lokes |   Link |Apr 11, 2022 10:11:30 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
Sold my 1 lot at 162, happy with 17% listing gains ...
99.8. lokes |   Link |Apr 11, 2022 12:41:39 PM
IPO Guru IPO Guru (3200+ Posts, 3400+ Likes)
@Mravi: thanks for sharing your views/insights....really guts are needed to hold most ipos.....all the best to you sir for your holdings....
@mark bab: i am still holding my 1 lot of coolcaps, today it gave good move of 20%......sold another one lot long back at 43.5 to reduce any risk after bad listing....
i will keep holding it for litter longer, for some months, after today's movement , there is very less risk now in that for downside.....
99.9. mark bab |   Link |Apr 11, 2022 1:07:06 PM
Thanks lokes for sharing your views. :)
If possible, would you pls inform, whenever you bid it adieu.
98. Sahil Budhiraja |   Link |Apr 11, 2022 12:17:13 PM
Anyone buying at cmp@163? Too risky given the financials?
97. PramodNaik |   Link |Apr 11, 2022 12:06:11 PM
Sold 2 lots from diff accs from nse demat to bse @163..thats only after reading guru lokesh anad other expert messages..Thanks a lot or i would have just waited..
holding one lot kn @160 and sprefrac at ipo price..please guide in this too experts..God bless all
96. Earthking |   Link |Apr 11, 2022 9:45:26 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Bought 500 @ 125 in NSE pre open... hope my gamble pays off ...
96.10. Earthking |   Link |Apr 11, 2022 11:32:14 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Thank you for clarifying the doubt sir... @Mravichandran and Mr. Lokes garu....
96.11. NAND KISHORE PARWAL |   Link |Apr 11, 2022 12:00:37 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
About 20% of IPO shares have been sold in NSE @125/ ( Below issue price ) by allottees. They are retail investors & HNI investors.
95. surendra kumar |   Link |Apr 11, 2022 10:44:54 AM
Why so much difference in NSE and BSE price?
94. IPOANALYSIS |   Link |Apr 11, 2022 10:07:31 AM
Price manipulation by operators.lol.
93. pRACE |   Link |Apr 11, 2022 10:04:01 AM
history of ipo listing
LC on BSE, and UC on NSE,
khela hobe.