What you need to know about the Veranda Learning Solutions IPO

Updated: 28 Mar 2022, 07:00 PM IST

TL;DR.

Veranda Learning Solutions Ltd. (VLSL) is in the business of providing diversified and integrated learning solutions to students, aspirants, and graduates (collectively "Students"), professionals, and corporate employees in online, offline hybrid, and offline blended formats ("Learners")

Veranda Learning Solutions plans to raise <span class='webrupee'>₹</span>200 crore through its initial public offering (IPO) on March 29.

Veranda Learning Solutions plans to raise ₹200 crore through its initial public offering (IPO) on March 29.

VLSL's current paid-up equity capital of Rs. 41.18 cr. will stand enhanced to Rs. 55.78 cr. Based on the upper cap of IPO pricing, the company is looking for a market cap of Rs. 764.12 cr.

The issue is solely lead managed by Systematix Corporate Services Ltd. and KFin Technologies Pvt. Ltd. is the registrar to the issue.

During the nine-month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all its courses, being 16,793 in offline models and 25,874 in online models. Along with this, it had overall employed 8 Student advisors, 166 Mentors and it operated 25 PDCs across 25 cities and towns and 2 states.