Veranda Learning Solutions Limited announced on Thursday that it has opened its Qualified Institutions Placement (QIP) of equity shares to raise funds, as approved by its board and shareholders earlier this year.
In a regulatory filing, the company said its QIP Committee met on July 17 and approved the opening of the issue along with the preliminary placement document. The floor price for the QIP has been set at ₹236.92 per equity share, calculated in accordance with SEBI’s ICDR Regulations.
The company also said it retains the discretion to offer up to a 5% discount to the floor price as permitted under the rules.
The QIP was approved by Veranda Learning’s board on May 17, 2025, and later ratified by shareholders at the extraordinary general meeting held on June 10, 2025.
The funds raised through the QIP are expected to support the company’s growth initiatives and strengthen its balance sheet.
The QIP Committee’s meeting commenced at 7:00 PM and concluded at 7:30 PM, after which the company filed its preliminary placement document with both the BSE and NSE.
Veranda also reminded that its trading window remains closed for designated persons in compliance with insider trading regulations until further notice.
