Addictive Learning Technology Limited IPO (Lawsikho IPO)
NSE SMEListed On: Jan 30, 2024 at ₹ 310.0
₹ 280000 /2000 Shares
*Min Investment
19 Jan, 2024
Open Date24 Jan, 2024
Close Date25 Jan, 2024
Allotment Date30 Jan, 2024
Listing DateAddictive Learning Technology Limited (Lawsikho IPO) IPO Issue Details
- Issue Price ₹130-140 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 42,97,000 shares(aggregating up to ₹60.16 crore)
- Fresh Share 41,37,000 shares(aggregating up to ₹57.92 crore)
- Offer For Sale 1,60,000 shares(aggregating up to ₹2.24 crore)
- Listing at NSE SME
- List Price 310.0
- Listing Date 2024-01-30
- Lead Manager Narnolia Financial Services Ltd
- Registrar Maashitla Securities Private Limited
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,40,000 |
| Retail(max) | 1 | 1000 | ₹1,40,000 |
| NII (min) | 2 | 2,000 | ₹2,80,000 |
Addictive Learning Technology Limited (Lawsikho IPO) IPO Reservation
Addictive Learning Technology Limited (Lawsikho IPO) IPO offers total 4,296,000 shares. Out of which 794,000 (18.48%) allocated to QIB, 599,000 (13.94%) allocated to NII,1,395,000 (32.47%) allocated to RII, NA (NA%) allocated to employees and 1,192,000 (27.75%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,192,000 (27.75%) | |
| Market Maker Shares Offered | 316,000 (7.36%) | |
| QIB Shares Offered | 794,000 (18.48%) | |
| NII (HNI) Shares Offered | 599,000 (13.94%) | |
| Retail Shares Offered | 1,395,000 (32.47%) | |
| Total Shares Offered | 4,296,000 (100%) |
Addictive Learning Technology Limited (Lawsikho IPO) IPO Details
Addictive Learning Technology Limited IPO (Lawsikho IPO) is an SME IPO, priced at ₹130-140 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 42,97,000 equity shares, aggregating up to ₹60.16 crores..
The IPO bidding window is open from Jan 19, 2024 to Jan 24, 2024. The allotment is expected to be finalized on Jan 25, 2024, and the tentative listing date is Jan 30, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Narnolia Financial Services Ltd is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Private Limited, and Ss Corporate Securities Limited Prabhat Financial Services Ltd. will act as the market maker for this issue.
Addictive Learning Technology Limited (Lawsikho IPO) IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 794,000 / 599,000 | 1,395,000 | 2,788,000 |
Day 1 19-01-24 06:00 PM | 6.65 / 20.74 x | 32.64 x | 22.68 x |
Day 2 23-01-24 06:00 PM | 11.05 / 95.20 x | 168.66 x | 107.99 x |
Day 3 24-01-24 06:00 PM | 116.27 / 414.96 x | 301.71 x | 273.23 x |
Addictive Learning Technology Limited (Lawsikho IPO) Valuations
Addictive Learning Technology Limited (Lawsikho IPO) Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 920.64 | 103.11 | 65.05 |
| Revenue | 3,354.47 | 1,859.34 | 677.77 |
| Profit After Tax | 247.13 | -49.07 | -0.54 |
About Addictive Learning Technology Limited (Lawsikho IPO) Company
Addictive Learning Technology Limited is an edtech platform founded in September 2017, majorly serving senior and mid-career professionals, sometimes young professionals, for upskilling and career services.
Courses and training are offered by the company for the betterment of one's skills. Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science are provided under three brands: LawSikho, Skill Arbitrage, and Dataisgood.
The firm also runs courses of international bar examinations, including:
CANADA BAR EXAM: The Indian lawyer aspiring to be a Canadian practitioner needs to pass the Canadian Barrister & Solicitor Exam and the NCA exam
UK SOLICITOR QUALIFICATION EXAM: Trainee solicitors are possible for Indian lawyers. These trainee solicitors in England & Wales can find qualification through the solicitors' qualifying examination-SQE.
CALIFORNIA BAR EXAM: How to successfully pass the California Bar Exam and start practicing law in the United States.
Its courses are certified by the National Skill Development Corporation (NSDC) under the Government of India that operates as a PPP under the Ministry of Skill Development and Entrepreneurship. After a successful accomplishment of their selected course, the learners are given a certification co-branded by NSDC and Skill India.
As of October 2023, the company had 145 employees and 444 full-time professionals/consultants providing their services.
Addictive Learning Technology Limited (Lawsikho IPO) - Promoter(s)
Mr Ramanuj Mukherjee
Mr Abhyudaya Sunil Agarwal
Pre Issue Share Holding : 92.27%
Post Issue Share Holding : 67.27%
Addictive Learning Technology Limited (Lawsikho IPO) IPO - Issue Objectives
To meet out the expenses for Unidentified Acquisition for Company (In India or Abroad)
To meet the expenses for Identified Acquisition.
To meet out the expenses for Investment in Technology
To meet out the expenses for development of new courses
To meet out the Branding & Marketing Expenses for the Company
To meet out the Working Capital requirements of the Company
To meet out the General Corporate Purposes
To meet out the Issue Expenses.
Addictive Learning Technology Limited (Lawsikho IPO) IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Addictive Learning Technology Limited | 4.94 | 4.94 | 474.79 | 66.69 | 119.79 | N/A | Standalone |
| CL Educate Limited | 2.41 | 2.41 | 48.76 | 32.56 | 4.96 | 2.18 | Standalone |
| Career Point Limited | 12.2 | 12.2 | 245.82 | 15.41 | 4.96 | 0.77 | Standalone |
Notes:
- Considering the nature and turnover of business of the Company, the peers are not strictly comparable. However, the same has been included for broader comparison.
- The P/E Ratio has been computed based on the closing market price of equity shares on October 23, 2023, divided by the Basic EPS.
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details
Addictive Learning Technology Limited (Lawsikho IPO)
Unit No 334, Plot No 12, 3rd Floor, Road No-44, Vardhaman Big V Plaza, Pitampura, Landmark M2K, City Delhi-110034
+91 124 4143608
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Addictive Learning Technology Limited (Lawsikho IPO) IPO - FAQs
Ans. Addictive Learning Technology Limited IPO (Lawsikho IPO) is a SME IPO. The issue is priced at ₹130-140 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on Jan 19, 2024, and closes on Jan 24, 2024. Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Addictive Learning Technology Limited IPO (Lawsikho IPO) opens on Jan 19, 2024 and closes on Jan 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Addictive Learning Technology Limited IPO (Lawsikho IPO) is 4,297,000 shares(aggregating up to ₹60.16 Cr).
Ans. The Addictive Learning Technology Limited IPO (Lawsikho IPO) price band is set between ₹130-140 per equity share.
Ans. To apply for Addictive Learning Technology Limited IPO (Lawsikho IPO), follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Addictive Learning Technology Limited IPO (Lawsikho IPO) in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Addictive Learning Technology Limited IPO (Lawsikho IPO) is Jan 25, 2024.
Ans. The Addictive Learning Technology Limited IPO (Lawsikho IPO) will be listed on Jan 30, 2024.
Ans. Follow the steps to check the Addictive Learning Technology Limited IPO (Lawsikho IPO) allotment status online.
