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Veranda Learning IPO

Veranda Learning Solutions Ltd.

₹13,000 /100 sharesMinimum Investment

Veranda Learning IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹137.00₹125.00-₹12.00 (8.76%)

Veranda Learning IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
29 Mar '22 - 31 Mar '22₹13,000100₹130 - ₹137
Issue SizeIPO Doc
200.00Cr
RHP PDF

Subscription Status As on 31 Mar '22, 5:00 PM

  • Retail Individual Investor
    10.76x
  • Non-Institutional Investor
    3.87x
  • Qualified Institutional Buyers
    2.02x
  • Total
    3.53x

About Veranda Learning

Veranda Learning is engaged in the business of offering diversified and integrated learning solutions in online, offline
Founded
2018
Managing Director
NA

Strengths & Risks

  • In-house and outsourced team of mentors to constantly monitor the progress of the students.
  • Diversified course offerings and delivery channels.
  • With the acquisition of Edureka, the company has entered into the market to provide instructor-led learning in the niche information technology area related courses.
  • Edureka has approximately 3 million subscribers on its Youtube channel.
  • In-house content team, third-party mentors and instructors, and an editorial team that curates and prepares content for the study material.
  • Substantial investments in content, courseware, and technology, with minimum investments in tangible assets.
  • Goal of expanding presence in existing and new markets, by increasing the number of Preferred Delivery Partners (PDCs).
  • Presence in the competitive exam-oriented courses, particularly in Banking, SPSC, Insurance, RRB, and SSC.
  • Online, offline hybrid, offline blended, campus in campus and online live instructor-led learning models in various languages.
  • Growth strategy includes evaluating opportunities for strategic alliances, partnerships, investments, acquisitions, and rebranding of acquired business - inability to successfully identify and integrate acquisitions may affect the company’s operations.
  • Reliance on Preferred Delivery Partners ("PDPs") who own and operate the centres, establish infrastructure and hire local mentors for the company’s offline hybrid and offline blended learning models.
  • Exam-oriented and training courses offered by the company depend substantially on its mentors - inability in attracting and retain them may have a negative impact.
  • Limited experience - the company started its journey in 2018 and was operational in 2020.
  • Business is linked to the academic cycle and is, therefore, cyclical in nature.
  • All properties used for business including the registered office have been leased, including properties leased from related parties.
  • Strong competition in the business of providing competitive exam-oriented courses.
  • High geographic concentration - most of its businesses are operated in and from Tamil Nadu and Karnataka.
  • The company has, in the past, entered into related party transactions and may continue to do so in the future.
  • Outstanding legal proceedings involving promoters, directors, and group companies.
  • India Ratings assigned a Long-Term Issuer Rating of 'IND BB-' with a Stable Outlook to a contemplated Non-Convertible Debenture (NCD) issue by the Company.
  • As on October 31, 2021, the company availed five facilities amounting to Rs 99.44 crore out of which credit facilities availed from HDFC Bank Limited amounting to Rs 36.80 crore is repayable on demand.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Top IPO FAQs

What is the issue size of Veranda Learning IPO?

Veranda Learning IPO issue size is Rs 200 crore.

What is 'pre-apply' for Veranda Learning IPO?

Pre-apply will alow you to apply for the Veranda Learning IPO 2 days before the subscription period starts.

If I pre-apply for Veranda Learning IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Veranda Learning IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Veranda Learning IPO order is placed?

We will notify you when your Veranda Learning IPO order is placed with the exchange.

What are the open and close dates of the for Veranda Learning IPO?

Veranda Learning IPO date is March 29 to March 31, 2022.

What is the lot size and minimum order quantity of the Veranda Learning IPO?

Veranda Learning IPO price band is Rs 130 - 137 per share.

What are the allotment dates for the Veranda Learning IPO?

Veranda Learning IPO allotment date is 5 April 2022.

Who is the registrar of Veranda Learning IPO?

Veranda Learning IPO registrar is KFintech Technologies Pvt Ltd.

Where is the Veranda Learning IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
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