📊 Wagons Learning IPO Opens for Subscription Today (May 2, 2025)

🔻 Grey Market Buzz:
Unlisted shares of Wagons Learning are trading at a discount to the issue price of ₹82 in the grey market.

💰 Issue Details:

• Total issue size: ₹38.38 crore
• Fresh issue: 3.09 million shares
• Offer for Sale (OFS): 1.6 million shares
  • Promoters Uday Jagannath Shetty & Raviraj Poojary to sell 0.8 million shares each

📊 Investor Quota:

• Retail Investors: 50%
• QIBs: 11.99%
• NIIs: 38.01%

💵 Price Band & Lot Size:

• Price band: ₹78 – ₹82 per share
• Lot size: 1,600 shares
• Minimum investment (Retail): ₹1,24,800
• Minimum investment (HNIs): ₹2,62,400 (for 2 lots)

📆 Key Dates:

• IPO opens: May 2, 2025
• IPO closes: May 6, 2025 (tentative)
• Basis of allotment: By May 7, 2025
• Listing on BSE SME: May 9, 2025 (expected)