Veranda Learning Solutions IPO - Grey market premium

The Rs.200 crore of Veranda Learning Solutions IPO consisted entirely of a fresh issue of Rs.200 crore. The issue has been priced in the band of Rs.130 to Rs.137 per share and the IPO allotment price will be discovered post the book building. 

The issue opened for subscription on 29th March 2022 and closed for subscription on 31st March 2022. The stock is scheduled to list on 08th April, Thursday. The GMP trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. 

There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact on the GMP. Secondly, the extent of subscription also has a deep impact on the GMP as it is indicative of investor interest in the stock.

There is one small point to remember here. The GMP is not an official price point, just a popular informal price point. However, in most cases, it has proved to be a good informal gauge of demand and supply for the IPO. Hence it does give a broad idea of how the listing is likely to be and how the post-listing performance would be.
 

While the GMP is just an informal approximation, it has been generally seen to be a good mirror of the real story. More than the actual price, it is the GMP trend over time that really gives insights about which direction the wind is blowing.

Here is a quick GMP summary for Veranda Learning Solutions Ltd over the last 6 days for which GMP is available.