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Veranda Learning Solutions

Veranda Learning Solutions

listed
₹13,000Min. investment

Veranda Learning Solutions IPO Details

Price range₹130 – ₹137
IPO type
Regular
Lot size100 shares
Issue size₹200Cr
RHP/DRHP
Read

Veranda Learning Solutions Timeline

  1. Bid start
    29 Mar 2022
  2. Bid end
    31 Mar 2022
  3. Allotment
    31 Mar 2022
  4. Release of funds
    6 Apr 2022
  5. Demat transfer
    5 Apr 2022
  6. Listing
    7 Apr 2022
The pandemic-triggered lockdowns forced educational institutions to move online in 2020.  Also, amid the turmoil in the job markets, there was an urgency among professionals to upskill themselves. These two developments fuelled the growth of India’s young edtech industry. Investors poured money into this space, driving up the valuations of edtech companies to enviable levels.
Pouncing on this opportunity, Chennai-based Kalpathi Group launched the edtech platform Veranda Learning Solutions in December 2020. The group has been in the education sector since 1991 and had started by offering short-term computer software courses to students.
Now, the learning solutions company is all set to hit the bourse. Through the IPO route, Veranda Learning Solution plans to raise money for repaying its debt, funding its latest acquisition and other growth initiatives.
All about the IPO
The company provides learning solutions primarily through online (recorded videos and online live instructor), offline hybrid (classroom teaching supported with online assessments) and offline blended  (a mix of online content and offline delivery) learning models. Its customer-base includes students, aspirants, graduates as well as professionals and corporate employees.
The company offers a variety of preparatory courses to students who are preparing for the UPSC Exams, State Public Service Commission, Staff Selection Commission, banking, insurance, railways exams and Chartered Accountancy. In the first nine months of FY22, a total of 42,667 students and professionals enrolled for its courses, with a majority of them opting for the online model.
As of December 31 2021, the company has 431 employees on its payroll and 400 outsourced employees.
Financials
Strengths
  • Its acquisition, Edureka, has over 30 lakh subscribers on its YouTube channel.
  • Has a large repository of digital content, study materials and test series.
  • Has around 10,000 sq. ft of production facilities in Chennai.
  • Has recorded video content of more than 4,000 hours.
Risks
  • Failure to retain or attract new students. The retention rate was 21% in FY21.
  • The attrition rate of its mentors (tutors) was 37% in FY21.
  • Operates in a cyclical sector. The business is linked to the academic cycle.
  • No operating history prior to December 2020.
Good to know
India’s educational technology market is expected to grow rapidly at a CAGR of 39% to $10.4 billion by 2025. Being a young edtech platform, Veranda Learning Solutions could benefit from the surge in demand for online learning.

Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Veranda Learning Solutions Contact Details

Company NameVeranda Learning Solutions

How to apply for Veranda Learning Solutions?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Veranda Learning Solutions Limited IPO FAQs