Veranda Learning Solutions Limited IPO Detail

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:

  1. Proven track record of the company Promoters.
  2. Result-oriented method of teaching with a 360-degree approach.
  3. Diversified course offerings and delivery channels.
  4. Extensive experience in the education business and professionally qualified human capital.
  5. Strong Brand Presence of our brands.
  6. Track record of successful acquisition and expansion.
  7. Efficient infrastructure and resource management with strict quality control standards and affordable courses.
  8. Technology-driven, Asset Light & Scalable business model.
  9. Pandemic Proof Model.

Company Promoters:

Mr. Kalpathi S. Aghoram, Mr. Kalpathi S. Ganesh, and Mr. Kalpathi S. Suresh are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Millions)
Total Assets3,073.65115.19
Total Revenue156.6125.45
Profit After Tax(182.69)(82.79)

Objects of the Issue:

The net proceeds of the Offer are proposed to be utilized in the following manner:

  1. Repayment or pre-payment, in part or full of all or certain of our borrowings.
  2. Payment of acquisition consideration of Edureka or repayment of a bridge loan availed specifically for the purpose of discharge of such acquisition consideration of Edureka.
  3. Growth initiatives.

Veranda Learning IPO Details

IPO Opening DateMar 29, 2022
IPO Closing DateMar 31, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹130 to ₹137 per equity share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹200.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹200.00 Cr)
QIB Shares Offered75% of the net offer
Retail Shares Offered10% of the net offer
NII (HNI) Shares Offered15% of the net offer

Veranda Learning IPO Tentative Timetable

The Veranda Learning IPO open date is Mar 29, 2022, and the close date is Mar 31, 2022. The issue may list on Apr 7, 2022.

IPO Open DateMar 29, 2022
IPO Close DateMar 31, 2022
Basis of Allotment DateApr 5, 2022
Initiation of RefundsApr 6, 2022
Credit of Shares to Demat AccountApr 6, 2022
IPO Listing DateApr 7, 2022

Veranda Learning IPO Lot Size

The Veranda Learning IPO market lot size is 100 shares. A retail-individual investor can apply for up to 14 lots (1400 shares or ₹191,800).

ApplicationLotsSharesAmount (Cut-off)

Veranda Learning IPO Promoter Holding

Pre Issue Share Holding89.22%
Post Issue Share Holding65.87%

Veranda Learning IPO Review

Though the management claims that it is a very niche player in online/offline learning solutions, its operations with high losses raise concerns. Many investors have burnt their pockets with investments in loss-making unicorn/tech companies in the recent past and hence caution is needed. There is no harm in ignoring this IPO.

Company Contact Information

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

Veranda Learning IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000

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