StopDownOpen the app

IPO · Education & Skilling

Veranda Learning Solutions completes its initial public offering

By ·

Date
Company
Veranda Learning Solutions
What it does
Education and test preparation services
Kind
IPO
Amount
₹200 Cr
Stage
public
Based in
Hyderabad
Sector
Education & Skilling

What they do

Veranda Learning Solutions provides diverse education and test preparation services to students and professionals across various competitive exams and…

What happened

The company raised ₹200 crore through an initial public offering (the process of selling shares to the public for the first time)

Why it matters

Funds from the offering will be used to repay debt, settle acquisition costs for Edureka, and support general corporate growth initiatives

The details

  • Veranda Learning Solutions launched an initial public offering (IPO) to raise capital from public investors.
  • The company issued 14,598,540 equity shares at a price of ₹137 per share.
  • The total size of the offering reached ₹200 crore.
  • The offer price was set at 13.7 times the face value of the equity shares.
  • Investors were required to bid for a minimum of 100 equity shares and in multiples thereof.
  • The IPO subscription period ran from March 29, 2022, to March 31, 2022.
  • The company shares were officially listed on the NSE Mumbai on April 11, 2022.

The bigger picture

  • The offering represents 26.17% of the company's post-offer paid-up equity share capital.
  • The company aims to use the proceeds to reduce its borrowings and settle outstanding payments for the acquisition of Edureka.
  • Remaining funds are allocated for general corporate purposes and growth initiatives.

About the business

  • Veranda Learning Solutions operates as an education company.
  • It provides training and test preparation services.
  • The company is headquartered in Hyderabad.
  • It maintains offices at Karvy Selenium Tower-B in the Financial District.
  • The company manages its operations through a structured corporate office.

What happens next

  • The company plans to use funds for the repayment of existing debt.
  • It intends to retire the acquisition consideration for Edureka.
  • The company will invest in growth initiatives and general corporate purposes.

The deal

Type
ipo

Read it as a card in the app

More on Veranda Learning Solutions

Everything on Veranda Learning Solutions →

Same day

All startup news on 12 September 2026 →