Veranda Learning Solutions IPO to Open on 29th March: Check Price Band

Veranda Learning Solutions IPO to Open on 29th March: Check Price Band Veranda Learning Solutions on Thursday said it has fixed price band of Rs 130-137 per equity share of face value of Rs 10 each for its forthcoming initial public offering scheduled to begin from March 29. The offer consists of equity shares of face value of Rs 10 each of the issuer aggregating up to Rs 2,000 million (Rs 200 crore). The offer to remain open from March 29 to March 31, 2022 and bids can be made for a minimum of 100 equity shares and in multiples of 100 equity shares thereafter, the company said. Veranda Learning said, "...Not less than 75 per cent of the net offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIB)"

About Veranda

Veranda offers diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, professionals and corporate employees, through four subsidiaries -- Veranda Race Learning Solutions, Veranda XL Learning Solutions, Veranda IAS Learning Solutions, and Brain4ce Education Solutions (Edureka).