Veranda Learning’s QIP Takes Off: Floor Price Set, Growth Strategy Accelerates!

Image Source: Business Today

Veranda Learning Solutions Limited announced it has opened its Qualified Institutions Placement (QIP) following a string of board and shareholder approvals. The company's board QIP Committee, in meeting today, approved key resolutions that pave the way for this highly anticipated capital raising.

Key Highlights

QIP Opening: The firm initiated its QIP offering on July 17, 2025, following the board's approval.
Shareholder Approval: The move follows the approval of a special resolution by the shareholders at the June 10, 2025, Extra-ordinary General Meeting (EGM).
Floor Price Fixed: Floor price of QIP has been fixed at INR 236.92 per equity share, as calculated in accordance with pricing formula of Regulation 176(1) of the SEBI ICDR Regulations, with the pricing date of July 17, 2025.
Potential Discount: Subject to shareholder approval and regulatory guidelines, the company may give a discount of a maximum of 5% of the floor price at its discretion.
Compliance with Regulations: All steps have been taken as per SEBI ICDR Regulations, for instance, timely subscription to the placement document and application form.

This QIP issue is anticipated to reinforce the capital base of Veranda Learning Solutions, enabling new growth prospects and complementing its existing growth in the space of digital learning. Compliance of the issue with regulatory guidelines serves as evidence of the company's commitment to transparency and best practices of capital markets conduct.

Source: Company Regulatory Announcement (BSE/NSE filing)