Veranda Learning Solutions IPO: If you are looking for investment opportunities in IPO then you have a great opportunity from tomorrow. In fact, tomorrow the IPO of digital learning platform Veranda Learning Solutions is opening for subscription. Investors will be able to invest money in this IPO till March 31. The price band for this issue has been kept at ₹130-137 per share. Let us tell you that the company’s IPO is worth ₹ 200 crores. This offer includes a new issue of Rs 200 crore. Let’s know 10 important things about this IPO …
1. According to brokerage firms, the share allotment of Veranda Learning Solutions IPO is likely to happen on April 5. The listing of the company in the stock market can happen on April 7, 2022.
2. The shares of Veranda Learning Solutions will be listed on both BSE and NSE.
3. 10% of the net offer in the Veranda Learning Solutions IPO will be available to retail investors. 75% will be available for allocation to Qualified Institutional Buyers (QIBs) on a proportionate basis and up to 15% for non-institutional investors.
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4. The lot size of Veranda Learning Solutions IPO is 100 shares.
5. KFintech Pvt Ltd will manage the share allotment and refund.
6. Systematics Corporate Services Limited is the Manager of the Offer.
7. KFintech Pvt Ltd is the registrar for the IPO.
8. Veranda Learning Solutions The Kalpathy is an ed-tech company of AGS Group and provides tuition for competitive exam preparation in India. This includes examinations related to State PSCs, Banking/Staff Selection/RRBs, IAS and CA besides upskilling programmes.
9. The company commenced operations in 2020. For the six months ending September 30, 2021, Veranda Learning Solutions had posted revenue of ₹15.6 crore, while the loss before tax was ₹18.4 crore.
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10. The company provides online-offline teaching facility to students, candidates and graduates, professionals and corporate employees.