Addictive Learning Technology Limited (Lawsikho) IPO Detail
Incorporated in September 2017, Addictive Learning Technology Limited is an educational technology platform that primarily caters to senior and mid-career professionals, and sometimes young professionals, providing upskilling and career services.
The company offers courses and training programs to help individuals advance their skills. The company covers Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science under three different brands: LawSikho, Skill Arbitrage, and Dataisgood.
The company also offers international bar exam courses, such as
CANADA BAR EXAM: Indian lawyers who want to practice in Canada must pass the Canadian Barrister & Solicitor Exam and NCA exam.
UK SOLICITOR QUALIFICATION EXAM: Indian lawyers can now train to qualify as solicitors in England and Wales by passing the solicitors' qualifying exam (SQE).
CALIFORNIA BAR EXAM: How to successfully pass the California Bar Exam and begin practising law in the United States.
The company's courses are accredited by the National Skill Development Corporation (NSDC), a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India. Upon successful completion of their chosen course, the learners are awarded a certificate that is co-branded by NSDC and Skill India.
As of October 2023, the company employs 145 full-time employees and 444 full-time professionals/consultants providing their services.
Company Promoters
The promoters of the company are Mr Ramanuj Mukherjee and Mr Abhyudaya Sunil Agarwal.IPO Details
| IPO Opening Date | Jan 19, 2024 |
| IPO Closing Date | Jan 23, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹130 - 140 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹60.16 Cr |
| Fresh Issue | 4,137,000 shares (aggregating up to ₹57.92 Cr) |
| Offer for Sale | 160,000 shares of ₹10 (aggregating up to ₹2.24 Cr) |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 6.65x | - | - | 20.73x | 32.48x | 22.60x |
| Day 2 | 6.65x | - | - | 20.90x | 33.90x | 23.35x |
| Day 3 | 11.05x | - | - | 95.06x | 167.80x | 107.53x |
IPO Tentative Timetable
The Addictive Learning Technology Limited (Lawsikho) IPO open date is Jan 19, 2024, and the close date is Jan 23, 2024. The issue may list on Jan 29, 2024.
| IPO Open Date | Jan 19, 2024 |
| IPO Close Date | Jan 23, 2024 |
| Basis of Allotment Date | Jan 24, 2024 |
| Initiation of Refunds | Jan 25, 2024 |
| Credit of Shares to Demat Account | Jan 25, 2024 |
| IPO Listing Date | Jan 29, 2024 |
IPO Lot Size
The Addictive Learning Technology Limited (Lawsikho) IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹140000 |
| Maximum | 1 | 1000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.27% |
| Post Issue Share Holding | 67.27% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Aug-23 | 1324.95 | 2482.36 | 315.96 |
| 31-Mar-23 | 920.64 | 3354.47 | 247.13 |
Objects of the Issue:
The objects of the Issue are:-
- 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; and 8. To meet out the Issue Expenses.
Addictive Learning Technology Limited (Lawsikho) IPO Registrar:
Maashitla Securities Pvt. Limited
Addictive Learning Technology Limited (Lawsikho) IPO Lead Manager(s):
Narnolia Financial Services Ltd
Company Contact Information:
Addictive Learning Technology Limited (Lawsikho)
Unit No 334 Plot No 12, 3rd Floor Road No-44 Vardhaman, Big V Plaza Pitampura, Landmark M2K
Delhi
Delhi
