Addictive Learning Technology IPO: Check price, GMP, dates and more

Initial public offering (IPO) is the process by which private corporations sell their shares to the general public to generate equity funds from public investors. IPO is the process by which a privately owned firm becomes a publicly traded company. This method also offers shrewd investors the possibility of getting adequate returns on their money. If anyone wants to buy IPO stocks now, then the company is Addictive Learning Technology. The IPO opened on January 19 and will continue till January 23.

Addictive learning technology focuses on teaching and learning. The company was founded in 2017 and is an educational technology platform that primarily helps senior and mid-career professionals as well as young professionals hone their capabilities. The company’s services include law studies, finance, compliance, human resources, business consulting, artificial intelligence, content authoring, and data science. It has three different brands: Losikho, Skill Arbitrage and Dataisgood.

It is important to note that the company is not a mainboard IPO, but an IPO of a small and medium-sized company. An IPO of a mainboard company requires shares worth around Rs 15,000 in the bank. Addictive Learning Technology’s initial public offering is priced between Rs 133 and Rs 140, with a lot size of 1000 shares. This means that if one wants to apply for only one lot, he or she will have to pay a maximum of Rs 1,40,000 on an average. The gray market premium (GMP) of the stock was estimated at Rs 110. Therefore, if the grey-market premium remains stable till the listing day, the initial profit could be around Rs 80,000.

It is learned that the company is bringing 41.37 lakh fresh shares (Rs 57.92 crore) and 1.6 lakh shares (Rs 2.24 crore) under the 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.