Veranda Learning IPO allotment status: Veranda Learning Solutions IPO: Here’s how to check allotment status

New Delhi: Veranda Learning Solutions, whose initial public offer (IPO) attracted a muted response during the bidding process, likely to announce the allotment of shares on April 5.

The Rs 200 crore IPO of the education Services player was subscribed 3.53 times, thanks to a demand from retail bidders. The issue was open for subscription between March 29-31 in the price range of Rs 130-137 per share.

The quota reserved for retail bidders was subscribed 10.76 times, whereas HNI quote fetched 3.87 times bids. The allocations for institutional bidders was subscribed a little more than two times.

The issue was not tracked by many brokerages, thanks to the small size. However, those tracking the offering, mostly have an ‘avoid’ rating with a word of caution to the investors.

Analysts were skeptical over the issue following the muted financials, negative bottomline, pricey valuations, tepid growth and high competition in the education sector.

Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit
https://www.bseindia.com/investors/appli_check.aspx

2) Under the issue type, click Equity

3) Under the issue name, select Veranda Learning Solutions Limited in the dropbox

4) Write the application number

5) Add the PAN card ID

6) Click on ‘I am not a Robot’ and hit submit.

You can also check the allotment status on the online portal of KFin Technologies Private Limited (
https://kcas.kfintech.com/ipostatus), the registrar to the issue.

The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.

1) Go to the web portal of KFin Technologies Private Limited

2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised

3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID

4) In application type, select between ASBA and non-ASBA

5) Enter the details of the mode you selected in Step 2

6) For security purposes, fill the captcha accurately

7) Hit submit

Bidders who could not get allotment in the IPO may see the initialisation of refunds on April 6 and those, who would be allotted shares may see the credit of shares in the demat account by the same date. The counter may get listed by April 7.