Veranda Learning Solutions IPO
Veranda Learning Solutions IPO — date, price band, lot size & details 2022
Veranda Learning Solutions listed on 11 Apr 2022 at ₹125, 8.8% below the ₹137 issue price.
Veranda Learning Solutions offers online and offline coaching for competitive exams, CA courses and professional skilling through its subsidiaries. Its total income was Rs 15.66 crore in the six months to 30 September 2021.
Stock price
Veranda Learning Solutions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 29 Mar 2022
- Close 31 Mar 2022
- Allotment 05 Apr 2022
- Refund/credit 06 Apr 2022
- Listing 11 Apr 2022
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 to 31 Mar, 2022 |
|---|---|
| Price Band | ₹130 – ₹137 |
| Face Value | ₹10 |
| Lot Size | 100 Shares |
| Issue Size | ₹200 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 13,700 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 100 shares at the ₹137 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹13,700 |
| Retail (max) | 14 | 1,400 | ₹1,91,800 |
| S-HNI (min) | 15 | 1,500 | ₹2,05,500 |
| S-HNI (max) | 72 | 7,200 | ₹9,86,400 |
| B-HNI (min) | 73 | 7,300 | ₹10,00,100 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01The whole Rs 200 crore issue was fresh capital for debt repayment and growth.
- 02Total income rose from Rs 2.55 crore in FY2021 to Rs 15.66 crore in the six months to 30 September 2021 after acquisitions.
- 03It covers many exam categories, from banking and railways to UPSC and CA, through several subsidiaries since 2018.
- 04Assets grew from Rs 11.52 crore on 31 March 2021 to Rs 307.37 crore on 30 September 2021.
Risks · 5
- 01The company made losses in every period shown, including Rs 18.27 crore in the six months to 30 September 2021.
- 02It is a young business, incorporated in 2018, with very little income before FY2021.
- 03Total borrowing jumped from Rs 6.16 crore on 31 March 2021 to Rs 165.20 crore on 30 September 2021.
- 04Growth relies on acquisitions such as Edureka, which must be integrated. The source shows a negative P/E, with pre-issue EPS of minus Rs 2.01.
- 05Promoters and the promoter group held 89.22% before the issue and 65.87% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Veranda Learning Solutions offer document.
| Metric | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 307.37 | 11.52 | 0.00 | 0.05 |
| Total Income | 15.66 | 2.55 | 0.00 | 0.00 |
| Profit After Tax | -18.27 | -8.28 | -0.20 | -0.10 |
| EBITDA | -15.05 | -7.63 | -0.20 | -0.10 |
| NET Worth | 22.71 | -0.06 | -0.29 | -0.10 |
| Reserves and Surplus | -14.89 | -7.06 | -0.29 | -0.10 |
| Total Borrowing | 165.20 | 6.16 | 0.12 | 0.05 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Veranda Learning Solutions RHP.
Where the money goes
₹182.92 Cr of the issue is earmarked to named objects.
Veranda Learning Solutions IPO Anchor Investors
3 anchor investors across 1 fund house committed ₹46.75 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Ag Dynamic Funds Limited | - | 1,824,900 | 25.00 | 53.48% |
| Resonance Opportunities Fund | - | 730,000 | 10.00 | 21.39% |
| Next Orbit Ventures Fund | - | 857,600 | 11.75 | 25.13% |
| Total anchor allocation | 46.75 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Courses cover Railways Recruitment Board, banking and insurance, State Public Service Commission, Staff Selection Commission and Union Public Service Commission exams, CA Foundation, Intermediate and Final, plus short and long term skilling and corporate learning.
It runs these through wholly owned subsidiaries such as Veranda Race and Veranda CA, and it bought Edureka using a bridge loan.
The IPO was Rs 200 crore and was entirely fresh issue. Rs 60.00 crore was planned for repaying borrowings, Rs 25.19 crore for repaying the Edureka bridge loan and Rs 50.00 crore for growth.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Veranda Learning Solutions IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Systematix Corporate Services Limited
11 issues handledBest listing: Exicom Tele-Systems (+86.6%). Weakest: Acevector (-11.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Veranda Learning Solutions?
The current Grey Market Premium is ₹15, or 11% over the issue price.
What is the Veranda Learning Solutions IPO price band?
₹130 to ₹137, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 April 2022, with listing on 11 April 2022.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
