Veranda Learning Solutions IPO
(i) Verdana Learning is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively “Students”) professionals and corporate employees (“Learners”) enrolled with their courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term up-skilling and re-skilling courses.
(ii) Verdana Learning provides comprehensive long-term and short-term preparatory courses in a simple and lucid manner for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways, and Chartered Accountancy. They also provide customised short-term skilling courses, long-term courses, and other corporate courses to their Learners. They also deliver these courses to employees of corporates through their B2B offerings.
(iii) Company primarily provides its services through online, offline hybrid, and offline blended learning models. Their offline hybrid learning model involves classroom teaching supported with online assessments and access to self-paced learning material to enhance recall and retention. Their offline blended model involves a mix of Online content and Offline delivery, wherein the center delivers LMS Study Materials together with the traditional classroom experience of personal mentoring from Mentors, with a dedicated Mentor in each classroom available for assistance to Students. Their offline hybrid and offline blended learning models offer traditional classroom experience of personal mentoring from experienced Mentors along with highly curated digital content and online assessments.
(iv) Verdana Learning currently has 431 employees on their payroll and 400 outsourced employees. Their employees include Mentors, Student Advisors, and non-teaching staff including the content team, who administer its business operations, such as coordinating classrooms, databases, and specific-marketing activities. Their employees are not unionised and are not affiliated with any union.
Student enrolment Data
During the nine month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all the courses, being 16,793 in offline models and 25,874 in online model.
During the nine month period ending December 31, 2021, they had overall employed 8 Student advisors, 166 Mentors and operated 25 PDCs across 25 cities and towns and 2 states.
- Proven track record of the company Promoters.
- Result-oriented method of teaching with a 360-degree approach.
- Diversified course offerings and delivery channels.
- Extensive experience in the education business and professionally qualified human capital.
- Strong Brand Presence of our brands.
- Track record of successful acquisition and expansion.
- Efficient infrastructure and resource management with strict quality control standards and affordable courses.
- Technology-driven, Asset Light & Scalable business model.
- Pandemic Proof Model.
Objects of the Veranda Learning Solutions IPO:
Veranda Learning Solutions IPO Details:
|Open Date:||Mar 29 2022|
|Close Date:||Mar 31 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue|
|Issue Size:||200 Cr.|
|Lot Size:||100 Shares|
|Issue Price:||₹ 130 - 137 Per Equity Share|
|Listing Date:||Apr 08 2022|
Promoters And Management:
Financials of Veranda Learning Solutions IPO:
|Particulars (in Lakhs)||Sep-21||Mar-21||Mar-20||Mar-19|
|Cost of Material Consumed||1||1||0||0|
|Purchases of Stock-In-Trade||69||97||0||0|
|Changes in Inventories||-4||-71||0||0|
|Employee Benefits Expense||718||321||0||0|
|Profit before tax||-1,848||-829||-20||-10|
|Total Tax Exps||-21||-1||0||0|
|No. of shares||557.76||557.76||557.76||557.76|
|EPS in Rs||-5.14||-7.29||-489.69||-245.88|