Veranda Learning Solutions Limited
Incorporated in 2018, Veranda Learning Solutions Limited offers online and offline coaching services for career-defining courses such as UPSE, Chartered Accountant, Banking, and Government Exams to students, graduates, professionals, and corporate employees.
The company offers coaching services for Railways Recruitment Board exams, Banking, and Insurance exams, State Public Service Commission, Staff Selection Commission exams, CA Foundation, CA Intermediate, and CA Final exams, Union Public Service Commission-prelims, and main exam, and personality tests, and State Public Service Commission Group-I exams, Short term skilling courses, Long term courses (university partnership courses) and Corporate learning courses (B2B). All the services are offered through its wholly-owned subsidiaries namely Veranda Race Learning Solutions Private Limited (Veranda Race), Veranda XL Learning Solutions Private Limited (Veranda CA), Veranda IAS Learning Solutions Private Limited (Veranda IAS), and Brain4ce Education Solutions Private Limited (Edureka).
During the nine-month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all courses, out of which 16,793 enrolled for the offline model and 25,874 enrolled for the online model.
Online learning platform Veranda Learnings Solutions joined the IPO bandwagon as it filed draft papers with SEBI for an initial public offering (IPO).
The fresh issue offer is worth Rs. 200 crores worth of equity shares.
A Pre-IPO placement of an undisclosed amount may also take place after consultation with BRLM which may reduce the issue size.
Veranda made a second acquisition by acquiring Edureka for Rs. 245 crores in December 2020. Edureka is a live-instructor-led online solutions provider for the IT industry.
Veranda had acquired Chennai Race Coaching Institute, a coaching institute for Banking, SSC, and PSC exams.
Systematix Corporate Services is the book running lead manager to the issue, and KFin Technologie is the registrar to the offer.
Strengths
1. Proven track record of the promoters since 1991 with founding SSI Limited (presently known as PVP Ventures Limited).
2. Focus on the result-oriented methods of teaching with a 360-degree approach to impart knowledge and achieve success in the relevant courses.
3. Diversified course offerings and delivery channels.
4. Extensive experience in the education business and professionally qualified human capital.
5. Strong Brand Presence of its brands.
6. Track record of successful acquisition and expansion.
7. Efficient infrastructure and resource management with strict quality control standards and affordable courses
Financial Summary
| Time Period | Total Assets | Total Revenue | Net Profits (After Tax) |
| 30-Sep-21 | 3,073.65 | 156.61 | 182.69 |
| 31-Mar-21 | 115.19 | 25.45 | 82.79 |
IPO Schedule
| Finalization of Allotment | 05-04-2022 |
| Initiation of RefundsInitiation of Refunds | 06-04-2022 |
| The credit of Shares In Demat | 06-04-2022 |
| Date of Listing | 07-04-2022 |
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