Veranda Learning Solutions Ltd
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.
IPO Snapshot
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%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Veranda Learning Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
87.66%
Promoter Holding (Post-Issue)
64.72%
Issue Type
Book Building
ISIN
INE0IQ001011
About the Company
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.
Industry Overview
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.
Company History
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'.
Products & Services
- The Company 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 (
Growth Strategy
- Use opportunistic and strategic acquisitions to rapidly expand offerings and customer reach
- Geographic expansion through its PDCs
- Addition of new courses and offerings to ensure that the company covers its Students' and Professionals' education need from an early age to post academic study and into their professional employment
- Create a model for learning that spans leveraging on a defined learning plan, subscription and creation of a community model with an underlying fabric of social commerce
- Expand focus on B2C and B2B models to include individual Students, corporates and educational institutions including schools and colleges
- Brand building strategy that covers a judicial mix of print, video, digital and social media
- Develop and expand its publishing and content development.
- Drive economy of scale to ensure that the company continues to stay affordable while delivering the highest quality of education
- Focus on rationalizing its indebtedness.
Customer Base
The Company's customers are students, aspirants, and graduates (collectively "Students") professionals and corporate employees ("Learners").
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of 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.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Proven track record of its Promoters;
- Result oriented method of teaching with 360 degree approach;
- Diversified course offerings and delivery channels;
- Extensive experience in the education business and professionally qualified human capital;
- Strong Brand Presence;
- Although the company were incorporated in November 2018, its business operations commenced in December 2020. Its growth strategy includes evaluating opportunities for strategic alliances, partnerships, investments, acquisitions and rebranding of acquired business. If the company is unable to successfully identify and integrate acquisitions, its growth strategy, business, results of operations and prospects may be adversely affected.
- Any changes in its relationships with its Preferred Delivery Partners ("PDPs") or non-adherence to prescribed service standards, payment defaults or other contractual breaches or irregularities may adversely affect its business, results of operations and prospects.
- The intellectual property developed by it has not been registered under the patent or copyright laws of India.
- A significant portion of its operating revenue is derived from its business of exam oriented courses offered by Veranda Race and IT related professional courses offered by Edureka. Failure to attract students or working professionals in its courses, including due to an unsatisfactory success ratio, may adversely affect its revenues, business, results of operations and prospects.
- Its ability to retain the present number of students serviced by it and attract new students is dependent upon various factors including its reputation and its ability to maintain a high level of service quality. Any failure by it to retain or attract students may impact its business and its revenues.