If you are waiting to earn through Initial Public Offering (IPO), then you are going to get another opportunity. Actually, the IPO of learning platform Veranda is about to be launched. The closing of this IPO, which is launching on March 29, is March 31. This means that retail investors can try bets in the IPO till March 31. This is the first time that a coaching institute will enter the Indian stock market.
What is the price band: Veranda Learning has fixed the price band at Rs 130-137 per share. At the same time, the lot size is 100 shares. That is to say, according to the upper price of the price band, investors will have to invest at least Rs 13,700.
What is the company’s plan: In November last year, the company had filed the necessary documents for the IPO with the market regulator SEBI. Accordingly, the issue includes a fresh offer of equity shares of up to Rs 200 crore. According to the company, it can use the money raised from the IPO for acquisition of Edureka etc.
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When will the listing take place: The allotment of shares of Veranda Learning is expected on April 5 and listing on April 7. Talking about the company, it offers online and offline coaching. With this, students join to prepare for career government exams like UPSE, CA and Banking.