IPO Update: Veranda Learning Shares Listing on Monday. Let Us See What Experts Have to Say About the Premium

Veranda Learning’s stock will begin trading on Dalal Street on Monday, April 11th, 2022. According to information on the BSE website, Veranda Learning’s initial public offering (IPO) will take place on April 11, 2022, and the stock will be listed in the ‘T’ group of securities in Special Pre-open Session (SPOS) at that time.

Veranda Learning’s stock price may have a’muted listing,’ according to stock market experts, because it is a loss-making firm that may lack investor interest after its initial public offering. They believe the public offering would open in the area of ₹150 to ₹160 per share, providing IPO allottees with a 10-15 percent premium.

“The company is a loss-making business, but it is listing in the ‘T’ category,” Ravi Singhal, Vice Chairman at GCL Securities, said of Veranda Learning’s IPO listing price projection. As a result, I anticipate a premium for the allottees. Much, though, will be determined by market sentiment. Veranda Learning shares may open at approximately 150 apiece levels if there is negative feeling on Dalal Street, and around 160 apiece levels if there is favourable sentiment.”

Manoj Dalmia, Founder & Director at Proficient Equities Limited, expects a muted to discounted listing of Veranda Learning shares, saying, “Veranda Learning is a loss-making company, and investors have burned a lot of money in recent years after investing in such loss-making unicorns and tech companies. So, I am not expecting much for the allottees as the issue is priced expensively as well.”

According to Ravi Singh, Share India’s Vice President and Head of Research, “Because the company’s fundamentals are so uninteresting, Veranda Learning’s stock price may open flat to slightly reduced. Following the listing, new investors may lose interest in the stock, and it may fall as allottees book profits.”