Veranda Learning share price may have a ‘flat’ opening, say experts


The shares of Veranda Learning are going to be listed in the Indian stock exchanges today. As per information available on the BSE website, “The equity shares of Veranda Learning Solutions Limited will be listed and admitted for transactions in the ‘T’ Group of Securities List on the Exchange.” The Shares of Veranda Learning Solutions Limited will be listed on NSE and BSE in the Special Pre-Open Session (SPOS) on Monday, April 11, 2022.

According to stock market analysts, Veranda Learning share price may have a ‘flat’ opening today. He said the company was a loss-making venture and was also projected at a higher valuation. Hence, the prospects for new investors to buy stake in the company from the open market post listing are slim. Market experts say that there may be a listing in the stock from 150 160 range, offers 10 per cent to 15 per cent premium to the allottees against the issue price of 137 per equity share. However, a lot will depend on the mood of the market.

Speaking on Veranda Learning share listing; Abhay Doshi, Founder, UnlistedArena.com, said, “The integrated learning solutions player – Veranda Learning has received sluggish response from QIB and HNI investors. The issue seemed costly as the selling rate for the loss-making company was around 25x the price. Thus, given the sluggish response and expensive valuations, it would not be surprising that listings range from flat to negative territory.”

Why allottees expect premium from Veranda Learning IPO listing; Ravi Singhal, Vice Chairman, GCL Securities said, “The shares of Veranda Learning Solutions Limited are listed in the ‘Trade to trade’ category and hence short selling over the counter will not be possible. Hence, there could be either a fresh buy or a fresh buy post listing. There may be profit booking. Hence, in case of weak market sentiment, I am expecting this stock to get listed around 150 per share level whereas in case of strong market sentiments, it may get listed around 160 each level. Therefore, an allottee can expect around 10 to 15 percent listing premium from Veranda Learning Share listing.

Flat discounted listing of Veranda Learning IPO expected; Manoj Dalmiya, Founder & Director, Proficient Equities Ltd. said, “Veranda Learning is a loss making company. Investors have suffered a lot in recent years after investing in such loss-making unicorns and tech companies. Apart from this, the issue price is also expensive. Hence, I am expecting flat discounted listing of Veranda Learning shares.

Pointing out the weak fundamentals and balance sheet of the company; Ravi Singh, Vice President and Research Head, Share India said, “Veranda Learning share price could be marginally off flat as the company’s fundamentals are quite sluggish. New investors may not show interest in the stock post listing and this Profit-booking among allottees may fall after the trigger.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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