An initial public offering (IPO) is the procedure by which private corporations sell their shares to the general public to generate equity money from public investors. An IPO is the process by which a privately owned firm becomes a publicly traded company. This method also provides a possibility for astute investors to make a substantial return on their money. If someone wants to buy the stocks of an IPO now, then the company is Addictive Learning Technology. The IPO opened on January 19 and will continue until January 23.
Addictive Learning Technology focuses on teaching and learning. The company was founded in 2017 and is an educational technology platform that primarily assists senior and mid-career professionals, as well as young professionals, in honing their abilities. The company’s services include law studies, finance, compliance, human resources, business consulting, artificial intelligence, content authoring, and data science. It features three distinct brands: LawSikho, Skill Arbitrage and DataisGood.
It is important to note that the company is not a mainboard IPO but rather an IPO of a small and medium-sized firm. An IPO of a mainboard company requires shares worth around around Rs 15,000 in the bank. Addictive Learning Technology’s first public offering is priced between Rs 133 and Rs 140, with a lot size of 1000 shares. This means that if someone wishes to apply for only one lot, then they would need to pay a maximum of Rs 1,40,000 on average. The Grey Market Premium (GMP) of the stock was predicted to be Rs 110. So, if the grey-market premium remains constant until the day of listing, the initial profit might be roughly Rs 80,000.
It has been found that the company is bringing 41.37 lakh fresh shares (Rs 57.92 crore) and 1.6 lakh shares (Rs 2.24 crore) under offer for sale. Retail investors can apply for only 1 lot or 1,000 shares. HNI category investors can apply for 2 lots or 2,000 shares.
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