Veranda Learning Solutions Ltd. IPO

The company is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, professionals and corporate employees enrolled with our courses through multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.

RHP
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DRHP
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Open Date

2022-03-29

Close Date

2022-03-31

IPO Details

Check out the issue details for Veranda Learning Solutions Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 137

Price Band

₹ 130 - 137

Issue Size

200 Cr.

Issue Type

Book Built

Open

2022-03-29

Close

2022-03-31

Listingprice

₹ 125

ListingGain

-8.76%

Listing Date

2022-04-11

CMP

₹ 229.35

Current Return

67.41%

Company Financials

You can get the following financial statements of Veranda Learning Solutions Ltd. as of now.

Subscription Details

The details about the Veranda Learning Solutions Ltd IPO is as:

  • The issue size of the IPO is 200 Cr.
  • The price band ranges from Rs 130 to Rs 137.
  • The shares of Veranda Learning Solutions Ltd will list on 7th April 2022.
  • The latest tentative GMP of Veranda Learning Solutions IPO is Rs _.
  • The shares of Veranda Learning Solutions IPO is subscribed 3.53 Times as of 31st March 2022.

Veranda Learning Solutions IPO Valuation

The approx valuation of Veranda Learning Solutions IPO based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 137
Existing Shares (Qty) 4.11 Cr
Fresh Issue 200 Cr
Market Cap 763.07 Cr
EPS (FY21) Rs -7.29

 

Veranda Learning Solutions IPO Issue Size

Veranda Learning Solutions IPO issue size is 200 Cr.

Issue Amount
Fresh Issue 200 Cr
Offer For Sale 0 Cr

 

Veranda Learning Solutions IPO Market Lot

An Individual can apply for a minimum 1 lot of 100 shares and a maximum of 14 lots of 1400 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 100 Rs 13,700
 Maximum 14 1400 Rs 1,91,800

 

Veranda Learning Solutions IPO Share Offer

The shares of Veranda Learning Solutions IPO is subscribed 3.53 Times as of 31st March 2022. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 2.02 Times
Non-Institutional Maximum 15% 3.87 Times
Retail Individual Maximum 10% 10.76 Times
Total   3.53 Times

 

Veranda Learning Solutions IPO Grey Market Premium

As on GMP (Tentative)
1 April 2022 Rs -

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Veranda Learning Solutions IPO:

Schedule Date
Basis of Allotment 5 April 2022
Refunds 6 April 2022
Credit to Demat Account 6 April 2022
IPO Listing Date 11 April 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 0 0 2.97 12.15 17.14
Total Expenditure 0.1 0.2 4.14 17.65 44.14
Operating Profit -0.1 -0.2 -1.17 -5.5 -27
Other Income 0 0 0.08 1.38 37.91
Interest 0 0 0 8.21 3.38
Depreciation 0 0 0.17 0.37 0.51
Exceptional Items 0 0 0 0 0
Profit Before Tax -0.1 -0.2 -1.26 -12.7 7.02
Provision for Tax 0 0 -0.01 -0.05 0.04
Net Profit -0.1 -0.2 -1.25 -12.65 6.98
Adjusted EPS (Rs.) 0 0 0 -0.31 0.11

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0 0 7 41.18 61.57
Total Reserves -0.1 -0.29 -0.03 80.83 383.42
Borrowings 0 0 0 120.13 62.33
Other N/C liabilities 0.05 0 0.03 9.77 11.51
Current liabilities 0.1 0.29 7.25 99.69 5.06
Total Liabilities 0.05 0 14.25 351.6 523.89
Assets
Net Block 0 0 1.19 0.88 0.99
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0 3.52 209.64 404.35
Loans & Advances 0.05 0 0 1.67 1.25
Other N/C Assets 0 0 0 0 0
Current Assets 0 0 9.54 139.42 117.3
Total Assets 0.05 0 14.25 351.6 523.89
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 33.73 1.63 1.95 3.2 4.9
Profit Before Tax 16.1 -5.3 -0.32 5.11 8.2
Tax 0.08 -0.03 -0.02 -0.02 -0.11
Profit After Tax 16.02 -5.27 -0.3 5.13 8.31
Adjusted EPS (Rs) 2.6 -0.86 -0.05 0.74 1.2

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 53.63 0
Sep 2023 53.46 0
Jun 2023 60.04 0
Mar 2023 59.96 0
Dec 2022 59.67 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -0.1 -0.2 -1.26 -12.7 7.02
Adjustment 0 0 0.09 7.14 -22.57
Changes in Assets & Liabilities 0.05 0.13 -2.5 -7.13 -27.23
Tax Paid 0 0 -0.22 -1.44 0.46
Operating Cash Flow -0.05 -0.06 -3.89 -14.12 -42.32
Investing Cash Flow 0 0 -8.96 -256.32 -225.97
Financing Cash Flow 0.05 0.06 12.92 317.21 222.33
Net Cash Flow 0 0 0.07 46.76 -45.96
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