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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Veranda Learning Solutions Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹137
Per ShareLot Size
100 Shares
Minimum Investment
₹13,700
Issue Size
₹200 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
87.66%
Promoter Holding (Post-Issue)
64.72%
Issue Type
Book Building
ISIN
INE0IQ001011
Veranda Learning Solutions Limited is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively "Students") professionals and corporate employees ("Learners") enrolled with its courses through multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses. The Company provides comprehensive long term and short term preparatory courses in a simple and lucid manner for its Students preparing for competitive exams.
Online education in India offers a variety of course categories, including curriculum-based coaching, test preparatory coaching, higher education degree courses, reskilling and skill enhancement programs, and language and casual learning. Before the pandemic, online education was mostly preferred by non-traditional students - students who were working fulltime or raising families, though it was gaining popularity due to wider access to internet and lack of quality coaching centres in Tier-2/ Tier-3 cities.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 14,598,540 equity shares of face value of Rs. 10 each ("Equity Shares") of Veranda Learning Solutions Limited (the "Company" or the "Issuer") for cash at a price of Rs. 137 per equity share (including a share premium of Rs. 127 per equity share) (the "Offer Price") aggregating up to Rs. 200.00 crores (The "Offer"). The offer would constitute 26.17%, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 13.7 times the face value of the equity shares. Bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Veranda Learning Solutions Limited was incorporated on November 20, 2018 as 'Andromeda Edutech Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated November 21, 2018 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The name of the Company was changed to `Veranda Learning Solutions Private Limited', pursuant to a fresh certificate of incorporation dated September 10, 2020 issued by the Registrar of Companies, Chennai. Subsequently, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders at the extraordinary general meeting held on September 30, 2021 and a fresh certificate of incorporation dated October 12, 2021 was issued by the Registrar of Companies, Chennai consequent upon conversion, recording the change in the name of the Company to `Veranda Learning Solutions Limited'.
The Company's customers are students, aspirants, and graduates (collectively "Students") professionals and corporate employees ("Learners").
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.