CHENNAI, 24th July, 2025: Veranda Learning Solutions Limited (BSE: 543514 | NSE: VERANDA), a listed education company offering end-to-end learning solutions across the education value chain, has successfully completed its first-ever Qualified Institutional Placement (QIP), raising ₹357.42 crores through the issuance of 1,58,71,173 equity shares of face value ₹10 each.
The QIP witnessed strong participation from notable domestic and global institutional investors, including Authum Investment, Trust Mutual Fund, Resonance Opportunities Fund, Necta Bloom VCC, Saint Capital Fund, among many other long only investors. The robust demand reflects broad endorsement of Veranda’s differentiated multi-vertical education model and its long-term growth strategy. Shareholder approval for the QIP was secured at the Extraordinary General Meeting held on June 10, 2025.
Systematix Corporate Services acted as the sole Book-Running Lead Manager for the transaction.
Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, commented, “This QIP marks a pivotal step towards achieving financial agility and operational scale. A large portion of the proceeds will be used to deleverage our balance sheet, including repayment of the Ascertis Credit facility, significantly improving our debt profile. The remainder will be invested in strategic growth initiatives across our verticals, aimed at unlocking long-term shareholder value.”
Key Transaction Highlights:
- Total Capital Raised:₹357.42 crore
- Shares Issued:1,58,71,173 equity shares
- Floor Price:₹236.92 per share
- Issue Price:₹225.20 per share
- Shareholder Approval:Secured on June 10, 2025
Use of Proceeds:
- Debt Reduction (Primary Focus): Approximately ₹310 crore will be allocated to repay Non-Convertible Debentures (NCDs) issued to Ascertis Credit (Formerly Barings Private Equity Asia) in March and April 2024.
- General Corporate Purposes: Funds will also be allocated to enhance technological infrastructure, invest in content development, payment of deferred consideration obligations and improve platform scalability.
Strategic & Financial Impact:
- Improved Capital Structure:Meaningful reduction in debt load enables higher financial flexibility and strengthens the balance sheet ahead of the next growth cycle.
- Strengthened Investor Base:The QIP has helped broaden the institutional investor base, setting the stage for improved stock liquidity and market visibility.
Safe Harbour:
This press release contains forward-looking statements based on the current beliefs, expectations, and assumptions of the management of Veranda Learning Solutions. Actual results may differ materially from those suggested in these statements due to various risks and uncertainties. The company undertakes no obligation to update such forward-looking statements unless required by applicable laws.