Veranda Learning IPO: If you want to bet on the IPO of the learning platform Veranda Learning Solutions Limited, there is only 2 days left. Veranda’s IPO has got 74 percent subscription on the first day.
As per data available on NSE, bids were received for 87,53,400 shares of the company on an offer of 1,17,88,365 shares. The company’s IPO was subscribed 4.15 times in the retail investors (RII) category and 85 per cent in the non-institutional investors category. While the eligible institutional buyers (QIBs) category received five per cent subscription.
Price Band: The price band of Veranda Learning is Rs 130-137 per share. At the same time, the lot size is 100 shares. At least Rs 13,700 will have to be invested according to the upper price of the price band. According to the company, it can use the money raised from the IPO for acquisition of Edureka etc. Veranda Learning’s IPO allotment is expected on April 5 and listing on April 7.
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Let us know that the company offers online and offline coaching. With this, students join to prepare for career government exams like UPSE, CA and Banking.