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Veranda Learning Solutions Ltd

Veranda Learning Solutions Ltd

    Registered Office : Old No 54 New No 34,Thirumalai Pillai Road T Nagar,Chennai Tamil Nadu 600017 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

Opens On

Closes On

29-Mar-2022

31-Mar-2022

Money Payable On

Application

Allotment

137.00

0.00

Minimum Application for shares in Nos : 100.0 Further Multiples of : 100.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

182.91

200.00

55.78

137.00

Systematix Corporate Services Ltd

Projects
  • Repayment or pre-payment, in part or full or certain of the borrowings
  • Retirement of acquisition consideration of Edureka
  • Growth initiatives
  • General corporate purpose
Promoted By
  • Kalpathi S. Aghoram
  • Kalpathi S. Ganesh
  • Kalpathi S. Suresh
Listing At
  • BSE
  • NSE
Registrar to the Issue
  • KFin Techologies Ltd