Sharekhan

March 28, 2022

This is to inform you that Veranda Learning Solutions Limited is coming out with a public issue to raise Rs.200 crore from the market.

The issue opens on March 29 and closes on March 31, 2022.

Details of the Veranda Learning Solutions Limited IPO

Company Details	:	Veranda Learning Solutions Limited are 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 multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses. They provide 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. They primarily provide their 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 centre delivers LMS Study Materials together with traditional class room experience of personal mentoring from Mentors, with a dedicated Mentor in each class room available for assistance to a Students. Their offline hybrid and offline blended learning models offer traditional class room experience of personal mentoring from experienced Mentors along with highly curated digital content and online assessments. They offer their services through their four Wholly-Owned Subsidiaries ("Subsidiaries") Veranda Race Learning Solutions Private Limited ("Veranda Race"). Veranda XL Learning Solutions Private Limited ("Veranda CA"). Veranda IAS Learning Solutions Private Limited ("Veranda IAS"). Brain4ce Education Solutions Private Limited ("Edureka"). Company has (i) 80+ Study Material books in six languages prepared by the Content Team for courses offered by Veranda Race, 20+ books prepared for the courses offered by Veranda CA in English and 18 books prepared for courses offered by Veranda IAS and (ii) 2,100+ hours of recorded video content for Veranda Race in six languages, 2,000+ hours of recorded video content for Veranda CA in English and 700+ hours of recorded video content for Veranda IAS in English. During the nine month period ending December 31, 2021, a total of 42,667 Students and professionals have enrolled across all their courses, being 16,793 in their offline models and 25,874 in their online model. During the nine month period ending December 31, 2021, they had overall employed 8 Student advisors, 166 Mentors and they operate 25 PDCs across 25 cities and towns and 2 states.
Issue Period	:	Issue opens on: Tuesday, March 29, 2022 Issue closes on: Thursday, March 31, 2022
Price Band	:	Rs.130 to Rs.137 per equity share
Bid Lot	:	100 equity shares and in multiple thereafter.
Issue Size	:	Rs.200 crore
Issue break-up	:	QIB - 75% of the offer – Rs.150.00 crore NIB - 15% of the offer - Rs.30.00 crore RET - 10% of the offer - Rs.20.00 crore
Listing	:	NSE and BSE
Registrar	:	Kfin Technologies Private Limited
UPI	:	All Retail Applications through brokers are compulsorily in UPI Mode

Watch these 4 videos to know how to apply for the Veranda Learning Solutions Limited IPO online easily.

Step 1: Create an UPI ID

Create UPI ID

Step 2: Apply for IPO online using mobile app or website

Step 3: Authorise UPI mandate to block payment

Authorised UPI ID

Remember these points while applying for IPOs

With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.

Currently, UPI works on the following mobile applications:

Name of App (Supported Platforms)	VPA Handle
BHIM Baroda Pay (only Android)	@BARODAMPAY
BHIM Oriental Pay (Only Android)	@obc
BHIM RBL Pay (Android & iOS)	@rbl
BHIM (android & iOS)	@upi
BHIM ALLBANK UPI (only Android)	@allbank
BHIM Axis Pay (only android)	@axisbank
BHIM IndusPay (only Android)	@indus
BHIM Lotza UPI (only Android)	@federal
BHIM SBIPay (only android)	@sbi
Citi Mobile (android & iOS)	@citi & @citigold
Google Pay (android & iOS)	@okhdfcbank \| @okaxis \| @oksbi \| @okicici
HSBC Simply Pay (android & iOS)	@hsbc
iMobile by ICICI Bank (android users)	@icici
Kotak Mobile Banking App (Android)	@kotak
Phone-Pe (android & iOS)	@ybl
SIB Mirror+ (only Android)	@sib
BHIM YES PAY (only Android)	@yesbank
DigiBank - DBS (Android & iOS	@dbs
Paytm (Andriod & iOS)	@paytm
BHIM AUPay (Android & iOS)	@aubank
Freecharge (Android & iOS)	@freecharge
BHIM BANDHAN UPI (Android & iOS)	@bandhan
BHIM KBL UPI (Android)	@kbl
Phone-Pe (Android & iOS)	@ybl, @axl, @ibl

To avoid rejection, download the latest version of the app.
Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
If you forget the UPI PIN, simply reset it instead of entering a wrong one.
If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.

Published by Team Internal Communications
This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan.

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