March 29, 2022 - March 31, 2022

Veranda Learning IPO Subscription Details

Veranda Learning IPO Subscription Status Live

Veranda Learning IPO subscribed 3.53 times. The public issue subscribed 10.76 times in the retail category, 2.02 times in QIB, and 3.87 times in the NII category by March 31, 2022 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	2.02	7,942,212	1,60,63,700	220.07
Non-Institutional Buyers	3.87	2,307,692	89,31,000	122.35
Retail Investors	10.76	1,538,461	1,65,60,300	226.88
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total	3.53	11,788,365	4,15,55,000	569.30

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

Veranda Learning IPO (Day-wise) Subscription Details (times)

Date	QIB	NII	Retail	Total
Day 1 March 29, 2022	0.05	0.85	4.15	0.74
Day 2 March 30, 2022	0.28	1.06	7.00	1.31
Day 3 March 31, 2022	2.02	3.87	10.76	3.53

Veranda Learning IPO Shares Offered

Veranda Learning IPO is a public issue of 18,357,708 equity shares. The issue offers 1,538,461 shares to retail investors, 7,942,212 shares to qualified institutional buyers, and 2,307,692 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	6,569,343	90.00	35.79%
QIB	7,942,212	108.81	43.26%
NII	2,307,692	31.62	12.57%
Retail	1,538,461	21.08	8.38%
Total	18,357,708	251.50	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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Veranda Learning IPO Subscription FAQs

The Veranda Learning IPO is subscribed 3.53 by March 31, 2022.