Veranda Learning Solutions IPO will open on 29th March 2022. Incorporated in 2018, Veranda Learning is a digital learning company which provides various courses online and offline. Let’s explore this IPO in detail.
List of Topic Covered
Key Features of Veranda Learning IPO
- Veranda Learning IPO will open on 29th March 2022
- You can apply in this IPO from 29th – 31st March 2022
- Issue Price band of the company is ₹ 130 to ₹ 137 per equity share.
- It has a minimum 100 shares in one lot and you have to spend a minimum ₹ 13,700 for 1 lot.
- Company is looking to raise Rs.200 crores through this IPO.
- Raised funds will be utislised for repaying debts (₹ 60 crores), payment of acquisition cost or loans to Edureka (₹ 25.19 crores) and growth initiative (₹ 50 crores)
What is Veranda Learning Solutions Ltd?
- Started operations in 2018, Veranda Learning is a digital learning company which provides online and offline classes for various courses like CA, UPSC, SSC, Banking and various Government exams.
- Their core values include affordable and high quality education and outcome oriented approach.
- Mr. Kalpathi S. Suresh is the Executive Director and Chairman of the company.
GMP of Veranda Learning IPO
- Grey market is an unregulated market to trade IPO shares before listing.
- Uma Exports IPO price band is placed at ₹ 130 to ₹ 137.
- But the grey market premium of this share is currently 8.76% i.e. at ₹ 12.
- So the share price of Uma Exports IPO in the grey market is ₹ 149 (137+12).
Click here to Get Details IPO Grey Market Premium (GMP) Live
Veranda Learning IPO Live Subscription Status
Veranda Learning IPO subscribed 3.53 times on final day i.e. on March 31, 2022.
Click here to Get Details IPO Subscription Status Live
Veranda Learning IPO Date, Lot Size, Allotment
Veranda Learning IPO Details
| IPO Start Date | March 29, 2022 |
| IPO Close Date | March 31, 2022 |
| Fresh Equity Share Issue | Equity shares worth ₹ 200 crores |
| Offer for Sale | NA |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 130 – ₹ 137 Per Equity Share |
| Retail Quota Share | 10 % |
| QIB Quota | 75 % |
| NII (HNI) Quota | 15 % |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Veranda Learning IPO Timetable
| IPO Start Date | March 29, 2022 |
| IPO Close Date | March 31, 2022 |
| Basis of Share Allotment Date | April 05, 2022 |
| Refunds Date | April 06, 2022 |
| Credit of shares to Demat Account Date | April 06, 2022 |
| IPO Listing Date | April 11, 2022 |
Veranda Learning IPO Lot Size
| Minimum Amount | ₹ 13,700 For 1 Lot |
| Maximum Lot Size | 1400 Shares (14 Lot) |
| Maximum Amount | ₹ 191,800 (For 14 Lot) |
Veranda Learning IPO Financial Report (2019-2022)
Company is in loss from last 2 years. Negative sign for investors.
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 (6M) | ₹ 4.87 | ₹ 10.83 | – ₹ 8.24 |
| 2021 | ₹ 2.55 | ₹ 10.83 | – ₹ 5.14 |
Veranda Learning IPO – Basis of Allotment
- Uma Exports IPO’s 75 % quota is reserved for the QIB category.
- 15 % quota is reserved for NII Category and
- 10 % quota is reserved for retail investors.
How to Apply in Veranda Learning IPO ?
- You can apply for the Veranda Learning IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Veranda Learning IPO.
- Also you can apply this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Veranda Learning IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Veranda Learning IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Veranda Learning IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Veranda Learning IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Veranda Learning IPO Allotment Status
You can check Veranda Learning IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Veranda Learning IPO
Veranda Learning IPO Promoters
- Mr. Kalpathi S. Aghoram
- Mr. Kalpathi S. Ganesh
- Mr. Kalpathi S. Suresh
Veranda Learning IPO Lead Managers
- Systematix Corporate Services Limited
Veranda Learning Solutions Ltd 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 Contact Information
KFintech Private Limited
- Phone: 04067162222, 04079611000
- Email: einward.ris@kfintech.com
- Website: https://karisma.kfintech.com/
Paisa kaudi recommendation on Veranda Learning IPO
Veranda Learning is the digital learning company. Company is in loss for last 2 years. Price is high. Company has debt on books. Avoiding would be better.
Keep checking the GMP for more clear picture.
Veranda Learning IPO FAQs
Veranda Learning IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹ 200 crore through this IPO. One lot has minimum 100 shares and you have to spend a minimum ₹13,700 for 1 lot.
Uma Exports IPO price band is ₹130 to ₹137.
One lot has minimum 100 shares and you have to spend a minimum ₹ 13,700 for 1 lot. Maximum lot is 14 and you have to spent ₹ 191,800 for 14 lots.
Uma Exports IPO’s 10 % quota is reserved for retail investors. 15 % quota is reserved for NII Category and 75 % quota is reserved for the QIB category.
Uma Exports IPO will open on March 29, 2022.
Basis of Allotment for Veranda Learning IPO will happen on April 05, 2022 and allotted shares will be deposited in your demat account on April 06, 2022.
Shares of Veranda Learning IPO will list in the market on April 07, 2022.