Veranda Learning Solutions IPO Closed

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IPO date 29 Mar 2022 – 31 Mar 2022
Listing date 11 Apr 2022
Price range 130 – 137
Minimum order quantity 100
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Veranda Learning Solutions is engaged in offering learning solutions in online as well as offline formats to students, graduates, professionals, and corporate employees. It provides long as well as short-term preparatory courses for students preparing for various exams across such as UPSC, State Public Service Commission, Banking, Insurance, Railways, and Chartered Accountancy.

All the services provided by Veranda Learning Solutions are offered through its wholly-owned subsidiaries; Veranda Race, Veranda XL Learning Solutions, Veranda CA, Veranda IAS Learning Solutions, and Edureka. During the period ended December 31, 2021 Veranda operated 25 PDCs across 25 cities and towns and 2 states.

The public offer of Veranda Learning Solutions comprises a fresh issue of equity shares aggregating up to Rs. 200 crores.

Financial Snapshot

March 2021 As of September 2021
Revenue (₹ Crores) 2.55 15.66
PAT (₹ Crores) -8.28 -18.27
EPS (₹) -7.29 -5.14

IPO Schedule

Issue Period 29th March 2022 to 31th March 2022
Finalization of Allotment 5th April 2022
Initiation of Refunds 6th April 2022
Credit of Shares 6th April 2022
Date of Listing 11th April 2022
Mandate end date 16th April 2022
Anchor Investors Lock-in End Date 30th April 2022

How do I apply to the Veranda Learning Solutions IPO?

You can apply for the Veranda Learning Solutions IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Veranda Learning Solutions IPO?

You can check the allotment status for the Veranda Learning Solutions IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.