Veranda Learning Solutions Limited IPO – March 29 to 31

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Veranda Learning Solutions Limited IPO – March 29 to 31

January 31, 2022
Veranda Learning Solutions Limited  IPO – March 29 to 31

Veranda Learning Solutions Limited is coming out with a fresh public issue to raise Rs 200 crores from the market.

Key details of the issue:

  • Issue opens – March 29(Tuesday)
  • Issue closes – March 31(Thursday)
  • Issue size – Rs 200 crores
  • Price band – Rs 130 to 137 per equity share
  • Bid lot – 100 shares and in multiples thereof

And here are some details of the company and further details on the Veranda Learning Solutions Limited issue.

Company details:

Veranda Learning Solutions Limited are 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 their courses through multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.

They provide comprehensive long term and short term preparatory courses in a simple and lucid manner for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways and Chartered Accountancy. They also provide customised short term skilling courses, long term courses and other corporate courses to their Learners. They also deliver these courses to employees of corporates through their B2B offerings.

They primarily provide their services through online, offline hybrid and offline blended learning models. Their offline hybrid learning model involves classroom teaching supported with online assessments and access to self-paced learning material to enhance recall and retention. Their offline blended model involves a mix of Online content and Offline delivery, wherein the centre delivers LMS Study Materials together with traditional class room experience of personal mentoring from Mentors, with a dedicated Mentor in each class room available for assistance to a Students. Their offline hybrid and offline blended learning models offer traditional class room experience of personal mentoring from experienced Mentors along with highly curated digital content and online assessments.

They offer their services through their four Wholly-Owned Subsidiaries ("Subsidiaries")

i)Veranda Race Learning Solutions Private Limited ("Veranda Race").

ii)Veranda XL Learning Solutions Private Limited ("Veranda CA").

iii)Veranda IAS Learning Solutions Private Limited ("Veranda IAS").

iv)Brain4ce Education Solutions Private Limited ("Edureka").

Company has (i) 80+ Study Material books in six languages prepared by the Content Team for courses offered by Veranda Race, 20+ books prepared for the courses offered by Veranda CA in English and 18 books prepared for courses offered by Veranda IAS and (ii) 2,100+ hours of recorded video content for Veranda Race in six languages, 2,000+ hours of recorded video content for Veranda CA in English and 700+ hours of recorded video content for Veranda IAS in English. 

During the nine month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all their courses, being 16,793 in their offline models and 25,874 in their online model. During the nine month period ending December 31, 2021, they had overall employed 8 Student advisors, 166 Mentors and they operate 25 PDCs across 25 cities and towns and 2 states.

Issue size: Rs 200 crores


Issue break-up:

  • QIB – 75% of the offer – Rs 150 crores
  • NIB – 15% of the offer – Rs 30 crores
  • RET – 10% of the offer – Rs 20 crores

Listing: NSE and BSE

Registrar: Kfin Technologies Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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