Veranda Learning Solutions expects its commerce vertical, JK Shah Classes, to hit the bourses in the next few days. Chairman Suresh S Kalpathi said, “We are expecting to have a very significant listing.” The firm got all regulatory approvals and now evaluates a date for the upcoming listing ceremony soon.
Education technology company Veranda Learning Solutions expects its recently demerged commerce vertical, JK Shah Classes, to hit the bourses in the next few days.
The company has received all the regulatory approvals from SEBI, NSE and BSE and is now evaluating an appropriate date for the listing ceremony.
JK Shah Classes, founded nearly four decades back as a CA coaching major, was acquired by the Chennai-based company in 2022.
Speaking to businessline Suresh S Kalpathi, Chairman and Managing Director, Veranda Learning, said that JK Shah is the undisputed leader in the commerce education segment in the country, and despite volatile market conditions, the firm expects a strong listing.
Profitable commerce
“We are expecting to have a very significant listing, simply because the fundamentals like being the most profitable commerce edtech, the pedigree of over 40 years, and the dominant national player with second one very far away in this space,” he said.
Kalpathi also added that the median multiples in the edtech space have again gone up and said that even if the company is valued at half the median multiples of the broader sector, the listing could be very strong.
Veranda Learning on Friday reported a net profit after tax of ₹13.4 crore for the quarter ended September 2026 down 89 per cent from the same quarter last year. The PAT figure in the year-ago quarter was impacted by a one-time gain of ₹120 crore.
Revenue from operations went up 17 per cent to ₹50 crore. The financials for the September quarter do not include contributions from the demerged commerce vertical.
The government test prep vertical posted a revenue growth of 31 per cent y-o-y to ₹43 crore, while the K12 managed school vertical showed a degrowth of 3 per cent to ₹6.8 crore.
During the quarter the company also partnered with the Dr Rajkumar Academy for Civil Services, an institution owned by the family of actor Rajkumar to open two new test prep centres in Karnataka.