INVESTOR FRENZY

Published By MintGenie Team | 19 Jan, 2024

IPO Details

Addictive Learning Technology IPO opened on January 19 and closes on January 23, with a price band of ₹ 140 per share. Credit : UNSPLASH

Lot Size

The lot size is 1,000 shares, with investors allowed to bid for a minimum of 1,000 shares and in multiples thereof. Credit : UNSPLASH

Promoters

Promoters of the company are Abhyudaya Agarwal and Ramanuj Mukherjee, with Ramanuj Mukherjee serving as the Managing Director. Credit : UNSPLASH

Company Background

Addictive Learning Tech offers career services and upskilling primarily to mid-career and senior professionals. Credit : UNSPLASH

Issue Allocation

IPO reserves 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors. Credit : UNSPLASH

Basis of Allotment

Tentative basis of allotment on January 24, with refunds initiated on January 25 and shares credited to demat accounts on the same day. Credit : UNSPLASH

Listing Date

Addictive Learning Tech shares likely to be listed on NSE SME on January 29. Credit : UNSPLASH

Financial Performance

Between March 31, 2022, and March 31, 2023, PAT increased by 603.63%, and revenue increased by 80.41%. Credit : UNSPLASH

Subscription Status

IPO subscribed 2.51 times on day 1, with positive response from retail investors (4.41 times) and non-institutional buyers (1.43 times). Credit : UNSPLASH

Grey Market Premium

GMP at +121, indicating a premium of ₹ 121 in the grey market, suggesting a strong listing with an estimated price of ₹ 261 apiece. Credit : UNSPLASH

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