Veranda Learning IPO subscribed 3.5 times on day 3

 

Veranda has raised Rs 200 crore in the new capital, which will be used to pay off debts and for expansion

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underwriting | small investors

Bachelor reporter |
Mumbai
Last update on March 31, 2022 at 16:26 IST

 

Veranda Learning Solutions’ initial public offering (IPO) has been subscribed 3.5 times. The retail portion of the IPO was oversubscribed 10 times.

 

Through the IPO, Veranda raised Rs 200 crore in the new capital, which will be used to pay off debts and for expansion.

Veranda Learning offers online and offline training services for a variety of courses. The price range for the IPO was 130-137 rupees per share. Ultimately, the company will have a market value of Rs 764 crore.

 

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