Veranda Learning IPO: Veranda Learning IPO Allotment Date & Status Check
Veranda Learning Solutions is likely to finalize the share allotment to its IPO subscribers today, i.e.; April 5, 2022. The Rs 200 crores IPO was subscribed 3.53 times on the last day of the offer. It received total bids of Rs 4.15 crores shares against the offer of Rs 1.17 crores.
Veranda IPO Details
Veranda Learning IPO was opened for subscription on March 29, 2022, and closed on March 31, 2022. In these three days, the IPO received around 10.76 times subscriptions from retail investors, 3.87 times from Non-institutional investors, and 2.02 times from Qualified Institutional Investors. Overall, the IPO was subscribed 3.53 times against the offer.
The initiation of refund to the subscribers not getting the allotment and the crediting of shares to the subscribers getting the allotment will be done on April 6. The company will get listed and the stocks will start trading live on the exchange from April 7.
The lot size of Veranda Learning IPO is 100 shares and an individual retail investor can apply for up to 14 lots, i.e; 1400 shares. The cut-off amount for each lot is Rs 13,700, translating to Rs 1,91,800 for 14 lots. The company has a pre-issue promoter shareholding of 89.22%, which will reduce to 65.87% after the listing.
Follow the link for more information on Veranda IPO: https://www.indmoney.com/ipo
How to check Veranda IPO share allotment status?
Through BSE Website
Subscribers of Veranda IPO can check their share allotment status from the BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Select the issue type ‘Equity’ and pick up the Issue Name ‘VERANDA LEARNING SOLUTIONS LIMITED’
- Enter your Application number or PAN
- Verify the captcha and click on search
All done! The allotment status result will be available right on the screen.
Through Registrar Website
Alternatively, investors can also check the Veranda IPO allotment on the KFin Technologies website. KFin Tech is the registrar of the issue and is handling IPO shares allotment and refund.
- Visit https://kosmic.kfintech.com/ipostatus/ and Select VERANDA LEARNING SOLUTION LIMITED from the ‘Select IPO’ option
- Select the Query by Application number, DPID/Client ID, or PAN
- If you select the application number box, choose the application type and enter the application number.
- In the case of DPID/Client ID, choose the depository from the available drop-down menu, and enter DPIP, Client ID.
- Or, if the PAN option box is chosen, enter your PAN.
4. Captcha and click on Submit
The IPO allotment status will be displayed on the next page.
About Veranda Learning Solutions
Incorporated in 2028, Veranda Learning is a unique ed-tech platform that offers diversified and integrated learning solutions. The solutions include both online, offline, and hybrid learning methods for career-oriented exam preparations like CA, UPSC, other government exams, etc.
The company offers these learning solutions through its four wholly owned subsidiaries- Veranda XL Learning Solutions Private Limited (Veranda CA), Veranda Race Learning Solutions Private Limited (Veranda Race), Brain4ce Education Solutions Private Limited (Edureka), and Veranda IAS Learning Solutions Private Limited (Veranda IAS).
As of December 31, 2021, around 42,667 enrolled for the learning solutions offered by the company.