Business Standard

Veranda Learning Solutions Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

200.00 cr

Price Range (₹)

137

Lot Size

100

Min Investment (₹)

13,700.00

Listing Exchange

MumbaiNSE

Open Date

29-Mar-2022

Close Date

31-Mar-2022

Listing Date

11-Apr-2022

Veranda Learning Solutions Ltd News

    The Shares of Veranda Learning Solutions Ltd have now been listed.

    Veranda Learning Solutions Ltd IPO Details

    Initial public offering of 14,598,540 equity shares of face value of Rs. 10 each (Equity Shares) of Veranda Learning Solutions Limited (the Company or the Issuer) for cash at a price of Rs. 137 per equity share (including a share premium of Rs. 127 per equity share) (the Offer Price) aggregating up to Rs. 200.00 crores (The Offer). The offer would constitute 26.17%, of the post-offer paid-up equity share capital of the company.The face value of equity shares is Rs. 10 each. The offer price is 13.7 times the face value of the equity shares. Bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter.

    Objective of issue

    Repayment or pre-payment, in part or full or certain of the borrowings. Retirement of acquisition consideration of Edureka. Growth initiatives. General corporate purpose.

    Veranda Learning Solutions Ltd Contact Details

    Veranda Learning Solutions Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - anantharamakrishnan.m@verandalearning.com

    Website - www.verandalearning.com