Veranda Learning Solutions Limited IPO
Veranda Learning Solutions Limited was a mainboard IPO in the E-Learning sector, offered at ₹130–₹137 per share to raise ₹200 crore. The issue was subscribed 3.53× overall (QIBs 2.02×, NIIs 3.87×, retail 10.76×). It listed on 11 Apr 2022 at ₹125 and closed its first day at ₹131, a listing loss of -4.2% versus the ₹137 issue price. It now trades around ₹37 (-72.8% versus the issue price).
Frequently asked questions
- How many times was the Veranda Learning Solutions Limited IPO subscribed?
- The Veranda Learning Solutions Limited IPO was subscribed 3.53× overall — 2.02× in the QIB category, 3.87× among non-institutional investors, 10.76× in retail.
- What were the Veranda Learning Solutions Limited IPO listing gains?
- Veranda Learning Solutions Limited listed on 11 Apr 2022 at ₹125, closing its first day at ₹131 — a listing loss of -4.2% versus the ₹137 issue price.
- What were the retail allotment odds for the Veranda Learning Solutions Limited IPO?
- Retail was subscribed 10.76×, so a single-lot application had roughly a 9.3% chance of allotment (about 1 in 11), and allotment was finalised on 5 Apr 2022.
- What was the price band and lot size of the Veranda Learning Solutions Limited IPO?
- The price band was ₹130–₹137 per share, with a minimum lot of 100 shares (₹13,700 at the upper band).
- Who were the registrar and lead manager for the Veranda Learning Solutions Limited IPO?
- Kfin Technologies Limited was the registrar, and Systematix was the book-running lead manager.