| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹200.00 Cr |
| Fresh Issue | ₹200.00 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน130.00-137.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543514 |
| NSE Code | VERANDA |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Systematix Corporate Services Ltd. |
| Allotment Status | |
| DRHP | |
| RHP | |
| Final Prospectus | |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 100 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 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 |
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 307.37 | 11.52 | 0.00 | 0.05 |
| Total Income | 15.66 | 2.55 | 0.00 | 0.00 |
| Profit After Tax | -18.27 | -8.28 | -0.20 | -0.10 |
| EBITDA | -15.05 | -7.63 | -0.20 | -0.10 |
| NET Worth | 22.71 | -0.06 | -0.29 | -0.10 |
| Reserves and Surplus | -14.89 | -7.06 | -0.29 | -0.10 |
| Total Borrowing | 165.20 | 6.16 | 0.12 | 0.05 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 134.12% |
| ROCE | 17.84% |
| Debt / Equity | -99.75% |
| PAT Margin | -295.60% |
| EBITDA Margin | -288.00% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | -7.29 | |
| Promoter Holding | 89.22% | 65.87% |
| Market Cap | โน764.12 Cr. | |