Veranda Learning Initial Public Offering (IPO) is all set to hit the market. It will be interesting to see investors’ response to the initial share sale of Veranda Learning Solutions Limited, which offers online and offline coaching services on UPSE, banking, government services and jobs examinations.
VERANDA LEARNING IPO DATE
The subscription process for Veranda Learning IPO will commence on March 29 and it will culminate on March 31.
VERANDA LEARNING IPO PRICE BAND, ISSUE SIZE
The book built issue IPO has a face value of Rs 10 per equity share.
The IPO price has been fixed between Rs 130 and Rs 137 per equity share.
The IPO has a market lot and a minimum order quantity of 100 shares.
The shares will be listed on BSE and NSE.
The issue size of the IPO is Rs 2,000 crore. The IPO is entirely a fresh issue of shares.
IPO BID LOT SIZE
Shares offered in Qualified Institutional Buyers (QIBs) are 75 per cent of the net offer. Ten per cent of the net offer is allotted in the retail portion and 15 per cent is allotted in the NII category.
A retail-individual investor can apply for up to 14 lots.