Veranda Learning IPO subscribed 1.31 times on second day of offer ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 9
The initial public offering of Veranda Learning Solutions Limited was subscribed 1.31 times on the second day of the offer on Wednesday. The Rs 200-crore IPO received bids for 1,54,39,800 shares against 1,17,88,365 shares on offer, according to an update on the NSE. Retail Individual Investors (RIIs) category received 7 times subscription, while non institutional investors portion was subscribed 1.06 times and Qualified Institutional Buyers (QIBs) 28 per cent. The price range for the offer is Rs 130-137 per share. Systematix Corporate Services Limited is the book running lead manager to the offer. The company is into offering diversified and integrated learning solutions in online, offline h

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