Addictive Learning Technology IPO Details and Subscription Status
Addictive Learning Technology Limited has recently opened its IPO for subscription, with the offering set to close on January 24. The IPO price band has been set at ₹140 per share, with a lot size of 1,000 shares. The company, founded by Abhyudaya Agarwal and Ramanuj Mukherjee, aims to provide educational technology services to mid-career and senior professionals.
The IPO has received overwhelming response from investors, with the subscription status reaching 273.12 times on day 3. Retail investors and non-institutional buyers have shown particular interest, with their portions being subscribed 301.71 times and 414.44 times, respectively. The company has received bids for 76,14,53,000 shares against 27,88,000 shares on offer.
The IPO, worth ₹60.16 crore, includes a fresh issue of 4,137,000 equity shares and an offer for sale component of 160,000 shares. The funds raised will be used for various purposes including acquisitions, technology investments, and working capital requirements.
With a grey market premium of +185, indicating a strong investor interest, the estimated listing price of Addictive Learning Technology is expected to be ₹325 per share, 132.14% higher than the IPO price. The IPO GMP has been trending upward, suggesting a positive listing for the company.
Investors are advised to consult with certified experts before making any investment decisions. Stay tuned for the final allotment and listing details of Addictive Learning Technology Limited IPO.