Veranda Learning IPO

Veranda Learning solutions Limited specialise in providing a wide range of integrated learning solutions in online, offline hybrid, and offline blended forms. Veranda Learning IPO will hit the stock market in 29 March 2022.

About Veranda Learning

Students, aspirants, graduates, professionals, and corporate employees participating in their courses can benefit from a variety of career-defining competitive tests, professional courses, exam-oriented courses, upskilling, and reskilling courses.

For students practicing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways, and Chartered Accountancy, they give complete long and short term preparatory courses in a straightforward and lucid manner.

Their Learners can also take advantage of customised short-term skilling courses, long-term courses, and other corporate courses. They also provide similar courses to corporate personnel through B2B solutions.

Solutions

Their services are generally delivered via online, offline hybrid, and offline blended learning modes. To improve memory and retention, their offline hybrid learning strategy combines classroom instruction with online evaluations and self-paced learning material.

Their offline blended strategy combines online content with offline delivery, in which the centre provides LMS Study Materials as well as the conventional class room experience of individual mentoring from Mentors, with a dedicated Mentor in each class room ready to help students.

Their offline hybrid & blended learning solutions provide a typical classroom experience with personal mentorship from professional Mentors.

Business Model

Students can participate in a self-paced, inclusive, and personalised learning experience without having to be present in a physical classroom thanks to their tech-infused digital learning approach.

Their online learning strategy includes both recorded videos and live online instructor-led learning. In order to better serve students in Tier 2 and 3 cities and rural areas, they also focus on delivering particular courses in local languages.

Veranda Race, Veranda CA, Veranda IAS, and Edureka are four of their subsidiaries that provide services. Across all of their courses, a total of 31,851 students and executives have enrolled, including 11,793 in their offline models and 20,058 in their online models.

Veranda Learning IPO

Veranda Learning Solution Limited, headquartered in Chennai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 200 crores on 10 November 2021.

The offer includes fresh issue of INR 200 crores value equity shares and there is no offer for sale (OFS) by the promoters mentioned in the DRHP. They are looking for a pre-IPO placement of 50 crores in this issue.

They got approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Jun-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	13.50	11.52	0.001	0.05
Total Revenue	4.87	2.45	0.00	0.00
Profit After Tax	(5.15)	(8.28)	(0.20)	(0.10)

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	(7.29)	(7.29)	3
Financial Year 2020	(489.69)	(489.69)	2
Financial Year 2019	(245.88)	(245.88)	1
Weighted Average	(207.86)	(207.86)
30 June 2021	(1.84)	(1.84)

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are among the qualitative factors and key strengths that feed into determining the Offer Price:

• Their Promoters have a proven track record.
• A 360-degree strategy to teaching using a goal-oriented approach.
• Course options and delivery methods are diverse.
• Highly qualified human capital & vast experience in the education industry.
• A powerful brand identity.
• Acquisitions and expansions that have been successful in the past.
• Infrastructure and resource management that is efficient and cost-effective, with tight quality control requirements.
• A business model that is technology-driven, asset-light, and scalable.
• No effect of Pandemic

Veranda Learning IPO Peer Comparison

There are no publicly traded firms in India that operate in a similar industry to theirs. As a result, providing an industry comparison in regard to their Company is not available.

Veranda Learning IPO Details

IPO Opening Date	29 March 2022
IPO Closing Date	31 March 2022
Issue Type	Book Building
Face Value	10 per share
IPO Price	130 to 137 per equity share
Market Lot	100 Shares
Min Amount	INR 13,700
Listing At	BSE, NSE
Issue Size	200 crores
Fresh Issue	200 Crores
Offer for Sale	–

Veranda Learning IPO Date

Veranda Learning IPO opening date is 29 March 2022, and the closing date is 31 March 2022. The Veranda Learning  issue may list in 07 April 2022.

IPO Opening Date	29 March 2022
IPO Closing Date	31 March 2022
Basis of Allotment Date	05 April 2022
Initiation of Refunds	06 April 2022
Credit of Shares to Demat Account	06 April 2022
IPO Listing Date	07 April 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly Equivalent
Non Institutional Investor	15	Roughly Equivalent
Retail	10	Minimum level of 1 lot, based on availability, for every shareholder.

Veranda Learning IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Veranda Learning IPO.

Veranda Learning IPO GMP

Veranda Learning IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
April 2022
April 2022
April 2022
April 2022
April 2022
April 2022
31 March 2022
30 March 2022
29 March 2022
28 March 2022
27 March 2022
26 March 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Veranda Learning IPO Review

IF you are looking for answer of Veranda Learning IPO is good or bad, you can apply for this IPO with long term view.

Veranda Learning IPO Risk

• Strategic alliances, collaborations, investments, acquisitions, and rebranding of acquired businesses are all part of their growth plan.
• Exam-oriented courses supplied by Veranda Race and IT-related professional courses offered by Edureka account for a major amount of their operating revenue.
• They rely heavily on their Mentors and their ability to attract and retain them to provide exam-oriented and training courses.
• Some of their new efforts may not function as expected, may not start on schedule or at all, or may be terminated.
• Their business is cyclical in nature since it is tied to the academic cycle. their revenue may fluctuate from quarter to quarter.

Other Threats

• The coaching and training industry, in which they work, is not regulated in any way.
• They have leased all of the properties they utilise for their business, including their Registered Office, including those leased from related parties.
• Their operating results in the future are difficult to forecast and may fluctuate.
• Their ability to continue to innovate and integrate technology advancements is critical to their success.
• Their Capital Commitment may have a negative impact on their financial situation.
• They have engaged in related party transactions in the past and may do so again in the future.
• Any downtime in their information technology systems could have a negative impact on their business and operations.

Business Approach

They think that by giving complete courses produced by their content team, they provide integrated 360 degree training to students, preparing them for competitive tests.

They’ve gathered the help of skilled and trained people to provide guidance and assistance to each of their students, as well as to keep track of their development on a regular basis. Mentors hold live sessions to answer questions from students in the relevant profession.

They provide orientation lectures to potential students prior to the start of any batch of courses, which are normally given on a Sunday, to give them a quick overview of the courses and help them choose the proper course for their interests.

Pandemic Proof Business

The COVID-19 pandemic has posed unique global and industry-wide issues, including threats to their offline learning business model and the change from offline to online learning. While India is ramping up its immunisation campaign, fresh COVID-19 outbreaks are still a possibility.

Given the pandemic situation, their company has evolved to adopt a COVID-19 or equivalent epidemic-proof business model, and they feel we have taken all necessary efforts to ensure that their services are pandemic-proof.

The Firm’s offline blended strategy reduces the risk of lockdown by totally switching to an online model that the student can use from anywhere in the globe.

Veranda Learning IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Veranda Learning IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
29 March 2022	1	0.05	0.90	4.38	n/a	0.78
30 March 2022	2
31 March 2022	3

Team

They now have 409 people on payroll and 359 outsourced employees as of October 31, 2021. Their workers aren’t represented by a union and aren’t members of any.

Mentors, Student Advisors, and non-teaching personnel, such as the content team, handle their business operations, such as classroom coordination, database management, and specific marketing initiatives.

Promoters

• Mr. Kalpathi S. Aghoram
• Mr. Kalpathi S. Ganesh
• Mr. Kalpathi S. Suresh

Promoters Background

Their Promoters have a combined academic experience of more than 40 years. They began their entrepreneurial career in 1991, when they founded SSI, an entity that was listed on the Indian stock exchanges and was engaged in teaching students in short-term computer software courses through a franchise network that spanned the country.

SSI split apart its education section in 2003 and merged it with Aptech, another publicly traded company that specialises in computer education and training.

The IT services division was spun off and merged with Scandent Solutions Corporation in 2004. They assume that their Promoters’ experience contributes greatly to their brand equity.

Promoters’s Holding

Pre Issue Share Holding	96%
Post Issue Share Holding

Veranda Learning IPO Prospectus