IPO

IPO Synopsis
Veranda Learning Solutions Ltd
Registered Office: Old No 54 New No 34,Thirumalai Pillai Road T Nagar , Chennai - 600017 , Tamil Nadu , India.
Phone : 91-44-42967777   Fax:
Email :  anantharamakrishnan.m@verandalearning.com  
Website :  www.verandalearning.com
Initial public offering of 14,598,540 equity shares of face value of Rs. 10 each ("Equity Shares") of Veranda Learning Solutions Limited (the "Company" or the "Issuer") for cash at a price of Rs. 137 per equity share (including a share premium of Rs. 127 per equity share) (the "Offer Price") aggregating up to Rs. 200.00 crores (The "Offer"). The offer would constitute 26.17%, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 13.7 times the face value of the equity shares. Bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
29-Mar-22 31-Mar-22 Rs137.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :100  Further Multiples of :100

  Rs Cr Lead Managers to the Issue
Project Cost 182.91
Systematix Corporate Services Ltd
Project Financed through Current Offer 200.00  
Post Issue Equity Share Capital 55.78  
Issue Price Rs137.00  
 
Projects
Repayment or pre-payment, in part or full or certain of the borrowingsGrowth initiatives
Retirement of acquisition consideration of EdurekaGeneral corporate purpose
Promoted By
Kalpathi S. Aghoram
Kalpathi S. Ganesh
Kalpathi S. Suresh
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd