Latest News | Veranda Learning IPO Subscribed 3.53 Times on Final Day of Offer
Get latest articles and stories on Latest News at LatestLY. The initial public offering of Veranda Learning Solutions Limited was subscribed 3.53 times on the last day of the offer on Thursday.
New Delhi, Mar 31 (PTI) The initial public offering of Veranda Learning Solutions Limited was subscribed 3.53 times on the last day of the offer on Thursday.
The Rs 200-crore public offer received bids for over 4.15 crore shares against 1.17 crore shares on offer, according to the data available with the NSE.
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The category meant for Retail Individual Investors (RIIs) received 10.76 times subscription, while non-institutional investors portion got subscribed 3.87 times and Qualified Institutional Buyers (QIBs) 2.02 times.
The Initial Public Offering (IPO) had a price range of Rs 130-137 a share.
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Systematix Corporate Services was the manager to the offer.
The company offers diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants and graduates, professionals and corporate employees.
The equity shares are proposed to be listed on both BSE and NSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)