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Open
29 Mar 2022
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Close
31 Mar 2022
3
Allotment
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Listing
Mon, Apr 11, 2022
Price Band
₹130 to ₹137
Issue Size
1,45,98,540 shares (agg. up to ₹200 Cr)
Lot Size
100 Shares
Listing Date
Mon, Apr 11, 2022
Latest GMP
₹15
Est. Gain
10.95%
✦ AI Insight
GMP Trend
10-04-2022₹15Est. ₹152+10.95%
08-04-2022₹7Est. ₹144+5.11%
07-04-2022₹7Est. ₹144+5.11%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.35x |
Restated Financials (₹ Cr.)
| Period Ended | 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 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or pre-payment, in part or full of all or certain of the borrowings | 60.00 |
| 2 | Repayment of a bridge loan availed specifically for the purpose of discharge of acquisition consideration of Edureka | 25.19 |
| 3 | Growth initiatives | 50.00 |
| 4 | General corporate purpose | 47.73 |
About Veranda Learning Solutions IPO
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
Contact Details
Veranda Learning Solutions Ltd. AddressOld No 54, New No 34Thirumalai Pillai RoadT.NagarChennai, Tamil Nadu, 600017+91 44 42967777anantharamakrishnan.m@verandalearning.comVisit Website