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IPO Status: Listed [29th Mar 2022 to 31st Mar 2022]
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.
| 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 |
| NSE Code: | VERANDA |
Get important updates regarding Veranda Learning IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| 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
| 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) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 10-04-2022 | 137 | 15 | -- | ₹152 (10.95%) | 10-Apr-2022 14:06 |
Zerodha Trade@20
**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.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Education | ₹200 Cr | http://www.verandalearning.com/ |
The net proceeds from the IPO will be utilized towards the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 7,942,212 (67.37%) | 2,307,692 (19.58%) | 1,538,461 (13.05%) | 11,788,365 | |
| 1 | 29th Mar 2022 17:02 | 0.05x | 0.85x | 4.15x | 0.74x |
| 2 | 30th Mar 2022 17:02 | 0.28x | 1.06x | 7.00x | 1.31x |
| 3 | 31st Mar 2022 17:02 | 2.02x | 3.87x | 10.76x | 3.53x |
| 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) |
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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To subscribe or apply in Veranda Learning IPO, you can use the following methods:
| Veranda Learning IPO Applying Mode | Method | Details |
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
Or
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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.
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Veranda Learning IPO Allotment Date is 05-04-2022.
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