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Veranda Learning Solutions IPO

IPO Status: Listed [29th Mar 2022 to 31st Mar 2022]

Rated 3.5/5 by Team InvestorGain
Veranda Learning IPO Detail

Veranda Learning Solutions IPO comprising a fresh issue of Rs. 200 Cr to hit the market soon to list on the BSE and NSE platform. The IPO opens for subscription from 29 March to 31 March 2022. The IPO price band is Rs.130-Rs.137 and one can apply for the IPO lot of 100 shares and its multiple. Stay updated with us to know more about the Veranda Learning Solutions IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Veranda Learning IPO Details

IPO Issue Opening Date: 29th Mar 2022
IPO Issue Closing Date: 31st Mar 2022
IPO Issue Price: ₹130-137 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: 10%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹200 Cr
Fresh Issue: ₹200 Cr
Face Value: ₹10 Per Equity Share
Promoter Holding Pre IPO: 89.22%
Promoter Holding Post IPO: 65.87%
Allotment Status: Allotment Status
BSE Code: 543514

Veranda Learning IPO Important Dates

Get important updates regarding Veranda Learning IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

Veranda Learning IPO dates
IPO Activity Date
Basis of Allotment Date* 5th Apr 2022
Refunds Initiation* 6th Apr 2022
Credit of Shares to Demat* 6th Apr 2022
IPO Listing Date* 11th Apr 2022

* - Tentative Dates

Veranda Learning IPO Lots

IPO Activity Date
Issue Price ₹130-137
Market Lot: 100 Shares
1 Lot Amount: ₹13700
Min Small HNI Lots(2-10 Lakh): 1500 shares (15 lots) - ₹205500
Min Big HNI Lots(10+ Lakh): - ₹1000100

Veranda Learning IPO GMP**

GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
10-04-202213715--₹152 (10.95%)10-Apr-2022 14:06

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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - Veranda Learning

Veranda Learning is engaged in the business of offering diversified and integrated learning solutions to students, graduates, aspirants, professionals, and corporate employees. The company offers a range of short-term and long-term preparatory courses to students who are preparing for competitive exams like SSC, UPSC, banking, insurance, railways, etc.

It primarily offers services through online, offline, and offline hybrid formats. The online model consists of prerecorded videos, online live instructor led learning, the offline hybrid consists classroom teaching with online assessment, and self-paced learning material whereas offline blended model consists of online content and offline delivery along with personal mentoring by mentors.

It offers all the services through subsidiaries i.e. Veranda Race, Veranda XL/Veranda CA, Veranda IAS, and Brain4ce Educations. As on December 21, 2021, it has total 42,667 students and professional enrolled across all courses. It has 8 student advisors, 166 mentors, and operates 25 PDCs across 25 cities and 2 states.

Veranda Learning IPO Strengths

  • Diversified range of course offerings and delivery channel
  • 360 degree result oriented teaching approach.
  • Extensive experience in the education business.
  • Strong brand image, particularly in competitive exam oriented courses.
  • Efficient infrastructure and resource management.
  • Successful track record of expansion and acquisition i.e. Edureka.
Incorporation Sector IPO Issue Size Website
2018 Education ₹200 Cr

Veranda Learning IPO Objective

The net proceeds from the IPO will be utilized towards the following purposes;

  1. Repayment and/or prepayment of company's borrowings either partially or fully.
  2. Payment of acquisition consideration of Edureka or repayment of loan availed for discharge of such acquisition consideration.
  3. Growth initiatives.

Our experts can help you prepare for SME IPO

Veranda Learning IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 7,942,212 Shares
  • Non-Institutional Investors: 2,307,692 Shares
  • Retail Individual Investor: 1,538,461 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered7,942,212 (67.37%)2,307,692 (19.58%)1,538,461 (13.05%)11,788,365
129th Mar 2022 17:020.05x0.85x4.15x0.74x
230th Mar 2022 17:020.28x1.06x7.00x1.31x
331st Mar 2022 17:022.02x3.87x10.76x3.53x
Veranda Learning financial
Veranda Learning IPO Financials (₹ in Lakh) 30-Sep-2021 31-Mar-2021
Total Assets ₹307.37 ₹11.52
Total Income ₹15.66 ₹2.55
Net Profit/Loss ₹(18.27) ₹(8.28)

Company Address

Veranda Learning Solutions Limited
Old No 54, New No 34, Thirumalai Pillai Road, T. Nagar,
Chennai,Tamil Nadu-600017
Phone: +91 44 42967777

Veranda Learning IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]

Veranda Learning IPO Lead Manager

Veranda Learning IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Veranda Learning? Should I apply in Veranda Learning IPO?

Last Updated on 17-May-2022 11:08:04


Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Veranda Learning IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Veranda Learning IPO with Zerodha.

Alternate approch to apply in Veranda Learning IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Veranda Learning IPO Review and Important Updates

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Apply in Veranda Learning IPO online

To subscribe or apply in Veranda Learning IPO, you can use the following methods:

Veranda Learning IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Veranda Learning IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Veranda Learning IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Veranda Learning IPO. Most of the Syndicate Banks provide access to apply in Veranda Learning IPO via ASBA process. You must have your net banking access, DP ID information to apply in Veranda Learning IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Veranda Learning IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Veranda Learning IPO Review and Important Updates

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Applying in Veranda Learning IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Veranda Learning IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Veranda Learning IPO, please refer article >> Link

Veranda Learning IPO Review and Important Updates

Steps to download the online application form for Veranda Learning IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 100 and max 1400 shares (14 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Veranda Learning IPO is going to be list on 11-04-2022. NSE Code for Veranda Learning is VERANDA. BSE Code for Veranda Learning is 543514.

Other relevant questions:

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Veranda Learning IPO Allotment Date is 05-04-2022.

Other relevant questions:

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User Reviews

5. Ayushi Nagar Mar 23 2022 10:13:38 PM Reply
Veranda Learning IPO expected listing gain.
4. MANSI Lotlikar  Mar 23 2022 10:13:38 PM Reply
Please confirm Veranda Learning IPO GMP (grey market premium) and kostak.
3. Shyam Sunder patel Mar 23 2022 10:13:38 PM Reply
Veranda Learning IPO good or bad.
2. jaimin Patel Mar 23 2022 10:13:38 PM Reply
Veranda Learning IPO whether to invest or not.
1. Yamuna Mar 23 2022 10:13:38 PM Reply
Veranda Learning IPO - CRISIL Rating, Apply or not?.