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LIC IPO vs Veranda Learning IPO

Comparision between LIC IPO and Veranda Learning IPO.

IPO Details

LIC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Veranda Learning IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of LIC IPO is up to ₹21,008.48 Cr whereas the issue size of the Veranda Learning IPO is up to ₹200.00 Cr. The final issue price of LIC IPO is ₹949.00 per share and of Veranda Learning IPO is ₹137.00 per share.

  LIC IPO Veranda Learning IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹902.00 per share ₹130.00 per share
Issue Price (Upper) ₹949.00 per share ₹137.00 per share
Issue Price (Final) ₹949.00 per share ₹137.00 per share
Discount (Retail) ₹45.00 per share
Discount (Employee) ₹45.00 per share
Market Lot Size 15 shares 100 shares
Fresh Issue Size
Fresh Issue Size (Amount) up to ₹200.00 Cr
OFS Issue Size 22,13,74,920 shares
OFS Issue Size (Amount) up to ₹21,008.48 Cr
Issue Size Total 22,13,74,920 shares
Issue Size Total (Amount) up to ₹21,008.48 Cr up to ₹200.00 Cr

IPO Timetable

LIC IPO opens on May 04, 2022, while Veranda Learning IPO opens on Mar 29, 2022. The closing date of LIC IPO and Veranda Learning IPO is May 09, 2022, and Mar 31, 2022, respectively.

  LIC IPO Veranda Learning IPO
Anchor Bid Date
Issue Open May 04, 2022 Mar 29, 2022
Issue Close May 09, 2022 Mar 31, 2022
Basis Of Allotment (Tentative) May 12, 2022 Apr 05, 2022
Initiation of Refunds (Tentative) May 13, 2022 Apr 06, 2022
Credit of Share (Tentative) May 16, 2022 Apr 06, 2022
Listing date (Tentative) May 17, 2022 Apr 11, 2022
Anchor Lockin End date 1 Jun 11, 2022 May 05, 2022
Anchor Lockin End date 2 Aug 10, 2022 Jul 04, 2022

Financials

LIC IPO P/E ratio is 201.91, as compared to Veranda Learning IPO P/E ratio of .

  LIC IPO Veranda Learning IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 40,907,867.78 37,464,044.68 34,141,745.74 33,663,346.17
Profit After Tax 17,153.12 29,741.39 27,104.78 26,273.78
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Millions)
  30-Sep-21 31-Mar-21
Total Assets 3,073.65 115.19
Total Revenue 156.61 25.45
Profit After Tax (182.69) (82.79)
Promoter Shareholding (Pre-Issue) 100% 89.22%
Promoter Shareholding (Post-Issue) 96.50% 65.87%
P/E Ratio 201.91
Market Cap ₹600242.28 Cr. ₹764.12 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the LIC IPO retail investors (RII) are offered 6,91,79,663 shares while in Veranda Learning IPO retail investors are offered 6,91,79,663 shares. Qualified institutional buyers (QIB) are offered 3,95,31,236 shares in LIC IPO and 43,79,562 shares in Veranda Learning IPO.

  LIC IPO Veranda Learning IPO
Anchor Investor Reserveration 5,92,96,853 shares 65,69,343 shares
Market Maker Reserveration
QIB 3,95,31,236 shares 43,79,562 shares
NII 2,96,48,427 shares 21,89,781 shares
RII 6,91,79,663 shares 14,59,854 shares
Employee 15,81,249 shares
Others
Total 16,20,78,067 shares 1,45,98,540 shares

Bids Received (Subscription)

LIC IPO subscribed 2.95x in total, whereas Veranda Learning IPO subscribed 3.53x.

  LIC IPO Veranda Learning IPO
QIB (times) 2.83x 2.02x
NII (times) 2.91x 3.87x
Big NII (times)
Small NII (times)
RII (times) 1.99x 10.76x
Employee (times) 4.40x
Other (times) 6.12x
Total (times) 2.95x 3.53x

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