Veranda Learning IPO Date, Lot Size and Price

Veranda Learning Details: Veranda Learning is about to launch an initial public offering (IPO). The maiden share sale of Veranda Learning Solutions Limited, which provides online and offline coaching services for UPSE, banking, government services, and jobs tests, would be intriguing to watch.Veranda Learning Solutions has chosen a price range of Rs 130-137 per share for its initial public offering.

Veranda Learning Solutions Limited IPO
Veranda Learning IPO

Veranda Learning IPO Details

Opening DateMar 29, 2022
Close DateMar 31, 2022
Price BandRs. 130 to Rs. 137 per equity share
Lot Size100 Shares
Issue Size (Rs. Cr.)(To be announced) Eq Shares of Rs.10 (aggregating up to Rs. 200.00 Cr)
Face ValueRs. 10 per equity share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
Fresh Issue(To be announced) Eq Shares of Rs.10 (aggregating up to Rs. 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
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 Date

The Veranda Learning IPO previously stated that its initial public offering (IPO) will take place on March 29, 2020. The Veranda Learning IPO will close on March 31, 2022.

Veranda Learning IPO Price

The IPO Price for Veranda Learning has been set. Veranda Learning IPO Price is Rs. 130 to Rs. 137 per equity share. Veranda Learning IPO will take place on last week of March 2022.

Veranda Learning IPO Lot Size

The lot size of Veranda Learning IPO is 100 Shares. This is the minimum order quantity for this IPO. An individual retail investor can apply for up to one lot (1400 shares or Rs. 191,800).

Veranda Learning IPO Allotment Date and Listing Date

The basis of allotment of Veranda Learning IPO will be finalised on April 5, 2022 refunds and credit of shares to demat accounts will begin on April 6, 2022 and the IPO listing is expected to happen by April 7, 2022.

About Veranda Learning IPO

Veranda Learning Solutions Limited, founded in 2018, provides students, graduates, professionals, and corporate personnel with online and offline coaching services for career-defining courses such as UPSE, Chartered Accountant, Banking, and Government Exams.

The company provides coaching for Railway Recruitment Board exams, Banking and Insurance exams, State Public Service Commission and Staff Selection Commission exams, CA Foundation, CA Intermediate, and CA Final exams, Union Public Service Commission-prelims, main exam, and personality tests, and State Public Service Commission Group-I exams, as well as short term skilling courses, long term courses (university partnership courses), and corporate learning courses (B2B). 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 provide all of the services (Edureka).

A total of 42,667 students and professionals enrolled in all courses during the nine-month period ending December 31, 2021, with 16,793 enrolling in the offline model and 25,874 enrolling in the online model.

Promoters of Veranda Learning IPO

The company’s promoters are Mr. Kalpathi S. Aghoram, Mr. Kalpathi S. Ganesh, and Mr. Kalpathi S. Suresh.

Veranda Learning IPO FAQs

What is Veranda Learning IPO?

Veranda Learning IPO is a main-board IPO of (To be announced) equity shares of the face value of Rs. 10 aggregating up to Rs. 200.00 Crores. The issue is priced at Rs. 130 to Rs. 137 per equity share. The minimum order quantity is 100 Shares.

When Veranda Learning IPO will open?

The Veranda Learning IPO opens on Mar 29, 2022 and closes on Mar 31, 2022.

What is the lot size of Veranda Learning IPO?

Veranda Learning IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.

How to apply for Veranda Learning IPO?

You can apply in Veranda Learning IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When Veranda Learning IPO allotment?

The finalization of Basis of Allotment for Veranda Learning IPO will be done on Apr 5, 2022, and the allotted shares will be credited to your demat account by Apr 6, 2022.

When is Veranda Learning IPO listing date?

The Veranda Learning IPO listing date is not yet announced. The tentative date of Veranda Learning IPO listing is Apr 7, 2022.

Who is the registrar of Veranda Learning IPO?

KFintech Private Limited is the registrar for the Veranda Learning IPO.

What is Veranda Learning IPO Price Band?

Veranda Learning IPO price band is Rs. 130 to Rs. 137 per equity share.