Addictive Learning Technology IPO (Lawsikho IPO)

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 nameAddictive Learning Technology Limited
IndustryEducational Institutions
Company Website

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: LawSikhoSkill 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 date19 January 2024
IPO Closing24 January 2024
Basis of Allotment25 January 2024
Initiation Refund29 January 2024
Credit to Demat Account29 January 2024
Listing Date30 January 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 24, 2024)

Addictive Learning Technology IPO details

Issue typeBook 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 size1000 Shares
Market Maker portion316,000 shares
Shareholding pre-issue11,772,732
Shareholding post-issue15,909,732
Listing ExchangeBSE & NSE

Addictive Learning Technology IPO Lot Size

Retail (Min)11000₹140,000
Retail (Max)11000₹140,000
HNI (Min)22,000₹280,000

Addictive Learning Technology IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,192,000 (27.75%)
Market Maker Shares Offered316,000 (7.36%)
QIB Shares Offered794,000 (18.48%)
NII (HNI) Shares Offered599,000 (13.94%)
Retail Shares Offered1,395,000 (32.47%)
Total Shares Offered4,296,000 (100%)

Addictive Learning Technology Financial Performance

 FY 2021FY 2022FY 20235M FY 2024
Net income(0.54)(49.07)247.13315.96
(Amount in ₹ Lakhs)

Addictive Learning Technology Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio26.32 – 28.34
RONW (%)(31.17)NA119.79
ROCE (%)(2.00)121.74157.53
EBITDA (%)0.32(2.38)9.97

Company Promoters

  • Mr Ramanuj Mukherjee
  • Mr Abhyudaya Sunil Agarwal.

Promoter Holding

Pre Issue Share Holding92.27%
Post Issue Share Holding67.27%

Addictive Learning Technology IPO Lead Manager(s)

201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743

Addictive Learning Technology Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795

Addictive Learning Technology Contact Details

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

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

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