Veranda Learning Solutions Ltd

About the Company:

Veranda Learning Solutions Ltd is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats.

Company provide comprehensive long term and short term preparatory courses in a simple and lucid manner for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways and Chartered Accountancy.

Company also provide customised short term skilling courses, long term courses and other corporate courses to our Learners. Company also deliver these courses to employees of corporates through B2B offerings.

During the nine month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all our courses, being 16,793 in offline models and 25,874 in online model.

During the nine month period ending December 31, 2021, company had overall employed 8 Student advisors, 166 Mentors and operate 25 PDCs across 25 cities and towns and 2 states.



Promoters Background:

Promoters have a collective experience of over 40 years in the education sector. They started their entrepreneurial journey in the year 1991 when they established SSI, an entity which was listed on the Indian Stock Exchanges and was engaged in training students in short term computer software courses with a franchise network
rolled out across India.

In April 2003, SSI hived off its education division and merged it with Aptech Limited, another listed entity engaged in the business of computer education and training.



Company offer services through four Wholly-Owned Subsidiaries which are tabled below: 



Management Team:

  1. Mr. Kalpathi S. Suresh (Designation: Executive Director cum Chairman)
  2. Mr. Kalpathi S. Aghoram (Designation: Non-Executive Director cum Vice- Chairman)





Objectives of the Issue:

Fresh Issue: (Rs.200 cr)

  • Repayment or pre-payment, in part or full of all or certain of our borrowings.
  • Payment of acquisition consideration of Edureka or repayment of a bridge loan availed specifically for the purpose of discharge of such acquisition consideration of Edureka.
  • Growth initiatives.




Peer Group Comparison:

There are no listed companies in India that engage in a business similar to that of Veranda Learning Solutions Ltd.



Financials of the Company:

(in Crores) FY 21 30th Sept 21
Revenue 2.54 15.66
Net Profit (-8.2) (-18.2)




IPO Details:

Details Info
Issue Opens on 29th March 2022
Issue Closes on:. 31st March 2022
Issue Price Rs.130 – 137
Face Value Rs.10
Minimum Lot 100 Shares
Minimum Investment Rs.13,700
Issue Constitutes 26.17%
Issue Size Rs.200 cr ($26 million)
Market Cap Rs.764 cr ($ 100 million)
Listing at NSE & BSE
Equity Shares Offered (Fresh) 1,45,98,540
Equity Shares Prior to the Issue 4,11,76,979
Equity Shares after the issue 5,57,75,519

Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.


Important Dates:

Finalization of Basis of Allotment on or Before 5th April 2022
Initiation of Refunds on or Before 6th April 2022
Credit of Equity Shares: on or Before 6th April 2022
Listing Date: on or Before 7th April 2022



Check IPO Allotment Status:

KfinTech Website : http://kfintech/IPO/Allotment_Status

BSE IPO Website:


Company Contact Info:
Veranda Learning Solutions Ltd
Old No 54, New No 34
Thirumalai Pillai Road
T. Nagar, Chennai – 600 017
Tamil Nadu, India
Tel: +91 44 4296 7777


IPO Registrar Info:
KFin Technologies Limited
Selenium Tower-B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana, India
Tel: +91 40 6716 2222


Lead Manager to the Issue:
Systematix Corporate Services Limited
The Capital, A Wing No. 603-606
6th Floor, Plot No. C-70, G-Block BKC, Bandra East
Mumbai 400 051, Maharashtra, India
Tel: +91 22 6704 8000