Addictive Learning Technology IPO will open for subscription from 19 January 2024. The company aims for an issue size of ₹60.16 Cr through this IPO.
Company Overview
| Full name | Addictive Learning Technology Limited |
| Sector | Other |
| Industry | Educational Institutions |
| Company Website | https://lawsikho.com/ |
About Company
Addictive Learning Technology stands as a sophisticated ed-tech platform specializing in professional upskilling and career services. Its primary focus extends to seasoned mid-career professionals, with occasional outreach to enterprising young professionals as well. The company provides a wide range of professional upskilling courses and training programs under three distinct brands: LawSikho, Skill Arbitrage, and Dataisgood. These offerings span diverse areas such as Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science.
As of October 2023, the organization has a workforce consisting of 145 full-time employees and an additional 444 full-time professionals and consultants delivering their specialized services. Further, the company also provides international bar exam courses such as:
- CANADA BAR EXAM: Achieve recognition as a Canadian Barrister and solicitor, including guidance on the NCA exam for Indian lawyers aspiring to practice in Canada.
- UK SOLICITOR QUALIFICATION EXAM: Prepare for success in England and Wales as a solicitor through targeted training for Indian lawyers navigating the Solicitors Qualifying Exam (SQE).
- CALIFORNIA BAR EXAM: How to successfully pass the California Bar Exam and begin practicing law in the United States.
Addictive Learning Technology’s courses bear accreditation from the National Skill Development Corporation (NSDC), a Public-Private Partnership operating under the Ministry of Skill Development and Entrepreneurship, Government of India. Upon accomplishing their selected courses, learners receive a certificate jointly endorsed by NSDC and Skill India.
The Objectives of the Issue
- To meet the expenses for Unidentified Acquisition for Company (In India or Abroad)
- For the expenses for Identified Acquisition.
- To meet the expenses for Investment in Technology
- For the expenses for the development of new courses
- To meet the Branding & Marketing Expenses for the Company
- For Working Capital requirements of the Company
- General Corporate Purposes
- To meet out the Issue Expenses.
Addictive Learning Technology IPO Timetable
| IPO Opening date | 19 January 2024 |
| IPO Closing | 24 January 2024 |
| Basis of Allotment | 25 January 2024 |
| Initiation Refund | 29 January 2024 |
| Credit to Demat Account | 29 January 2024 |
| Listing Date | 30 January 2024 |
Addictive Learning Technology IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹60.16 Cr – 4,297,000 shares |
| Fresh Issue | ₹57.92 Cr – 4,137,000 shares |
| Offer for sale | ₹2.24 Cr – 160,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 316,000 shares |
| Shareholding pre-issue | 11,772,732 |
| Shareholding post-issue | 15,909,732 |
| Listing Exchange | BSE & NSE |
Addictive Learning Technology IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Addictive Learning Technology IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 5M FY 2024 | |
| Revenue | 677.77 | 1,857.29 | 3,353.43 | 2,482.36 |
| Expenses | 677.74 | 1,909.03 | 3,029.48 | 2,043.99 |
| Net income | (0.54) | (49.07) | 247.13 | 315.96 |
Addictive Learning Technology Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.01) | (0.98) | 4.94 |
| PE ratio | – | – | 26.32 – 28.34 |
| RONW (%) | (31.17) | NA | 119.79 |
| NAV | (37.11) | 187.55 | 474.79 |
| ROCE (%) | (2.00) | 121.74 | 157.53 |
| EBITDA (%) | 0.32 | (2.38) | 9.97 |
| Debt/Equity | – | – | 0.08 |
Company Promoters
- Mr Ramanuj Mukherjee
- Mr Abhyudaya Sunil Agarwal.
Promoter Holding
| Pre Issue Share Holding | 92.27% |
| Post Issue Share Holding | 67.27% |
Addictive Learning Technology IPO Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
Addictive Learning Technology Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Addictive Learning Technology Contact Details
ADDICTIVE LEARNING TECHNOLOGY LIMITED
Unit No 334 Plot No 12, 3rd Floor,
Road No-44 Vardhaman Big V Plaza Pitampura,
Landmark M2K, City Delhi- 110034
Phone: +91 124 4143608
E-mail: compliance@lawsikho.in
Website: www.lawsikho.com
Allotment Status
LawSikho IPO allotment status is now available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.
Final thoughts
Addictive Learning Technology IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
