Veranda Learning Solutions Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 10,948,905 (75%) | — | ₹15,000 Cr |
| NII (HNI) | — | 2,189,781 (15%) | — | ₹3,000 Cr |
| Retail | — | 1,459,854 (10%) | — | ₹2,000 Cr |
| Σ Total | — | 14,598,540 (100%) | — | ₹200,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹13,700 |
| Retail (Max) | 13 | 1,300 | ₹178,100 |
| S-HNI (Min) | 14 | 1,400 | ₹191,800 |
| B-HNI (Min) | 67 | 6,700 | ₹917,900 |
Financial Statements Amount in Crore
| Metric | 30-Sep-21 | 31-Mar-21 |
|---|---|---|
| Revenue | 16 | 3 |
| Profit After Tax | 18 | 8 |
| Total Assets | 307 | 12 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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 16,793 enrolled for the offline model and 25,874 enrolled for the online model.
Competitive Strengths:
- Proven track record of the company Promoters.
- Result-oriented method of teaching with a 360-degree approach.
- Diversified course offerings and delivery channels.
- Extensive experience in the education business and professionally qualified human capital.
- Strong Brand Presence of our brands.
- Track record of successful acquisition and expansion.
- Efficient infrastructure and resource management with strict quality control standards and affordable courses.
- Technology-driven, Asset Light & Scalable business model.
- Pandemic Proof Model.