Veranda Learning IPO was subscribed 1.31 times on the second day of the promotion

Veranda Learning Solutions Limited’s initial public offering was subscribed 1.31 times on the second day of the offering on Wednesday.

The initial public offering of Rs 200 crore received bids of 1,54,39,800 shares for 1,17,88,365 shares offered, according to an update on NSE.

The Individual Investors (RII) segment had 7 times oversubscription, while the non-institutional segment was oversubscribed 1.06 times and qualified institutional buyers (QIBs) 28 per cent.

The price range of the offer is 130-137 rupees per share.

Systematix Corporate Services Limited is the book director who runs the show.

The company offers diverse and integrated educational solutions in mixed online, offline and offline formats for students, aspirants, alumni, professionals and corporate employees.

It is proposed to list equity shares in both BSE and NSE.

(The title and image for this report may have been reformulated only by the Business Standard staff; the rest of the content is automatically generated from a shared feed.)

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