Bookbuilding IPO | ₹60 Cr | Listed at NSE SME | Fri, Jan 19, 2024 - Wed, Jan 24, 2024
Addictive Learning Technology IPO is a book build issue of ₹60.16 crores. The issue is a combination of fresh issue of 0.41 crore shares aggregating to ₹57.92 crores and offer for sale of 0.02 crore shares aggregating to ₹2.24 crores.
Addictive Learning Technology IPO bidding started from Jan 19, 2024 and ended on Jan 24, 2024. The allotment for Addictive Learning Technology IPO was finalized on Jan 25, 2024. The shares got listed on NSE SME on Jan 30, 2024.
Addictive Learning Technology IPO price band is set at ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Narnolia Financial Services Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company arePrabhat Financial Services Ltd., SS Corporate Securities Ltd..
Refer to Addictive Learning Technology IPO RHP for detailed Information.
IPO Open
Fri, Jan 19, 2024
IPO Close
Wed, Jan 24, 2024
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹222.74 Cr
| IPO Date | 19 to 24 Jan, 2024 |
| Listed on | Tue, Jan 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,97,000 shares (agg. up to ₹60 Cr) |
| Reserved for Market Maker | 3,16,000 shares SS Corporate Securities Ltd. (agg. up to ₹4 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 38,21,000 shares (agg. up to ₹53 Cr) |
| Offer for Sale | 1,60,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 39,81,000 shares (agg. up to ₹56 Cr) |
| Share Holding Post Issue | 1,59,09,732 shares |
| NSE Symbol | ADDICTIVE |
| ISIN | INE0RDH01021 |
Addictive Learning Technology IPO comprises a total issue size of 42,97,000 shares. The net offer to the public is 39,81,000 shares, after excluding 3,16,000 shares allotted on a firm basis. Of the Net offer 19,87,000 (49.91%) are allocated to QIB, 5,99,000 (15.05%) allocated to NII 13,95,000 (35.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 19,87,000 | 49.91% | 46.24% |
| − Anchor Investor Shares Offered | 11,92,000 | 27.74% | |
| − QIB (Ex. Anchor) Shares Offered | 7,95,000 | 18.50% | |
| NII (HNI) Shares Offered | 5,99,000 | 15.05% | 13.94% |
| Retail Shares Offered | 13,95,000 | 35.04% | 32.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,16,000 | 7.35% | |
| Total Shares Offered | 42,97,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Addictive Learning Technology IPO raises ₹16.69 crore from anchor investors. Addictive Learning Technology IPO Anchor bid date is January 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 18, 2024 |
| Shares Offered | 11,92,000 |
| Anchor Portion (₹ Cr.) | 16.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Feb 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Apr 24, 2024 |
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.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 13.25 | 9.21 | 1.03 | 0.65 |
| Total Income | 24.82 | 33.54 | 18.59 | 6.78 |
| Profit After Tax | 3.16 | 2.47 | -0.49 | -0.01 |
| NET Worth | 5.22 | 2.06 | -0.41 | -0.02 |
| Reserves and Surplus | 5.12 | 1.96 | -0.51 | -0.02 |
| Total Borrowing | 0.16 | |||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Unidentified Acquisition (In India & Abroad) | 5.00 |
| 2 | Identified Acquisition | 3.00 |
| 3 | Investment in Technology | 8.00 |
| 4 | Development of new courses | 5.00 |
| 5 | Branding & Marketing Expenses | 10.00 |
| 6 | Working Capital Requirement | 8.00 |
| 7 | General Corporate Purposes | 10.83 |
| 8 | Issue Expenses# | 10.32 |
| KPI | |
|---|---|
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| RoNW | 119.79% |
| PAT Margin | 7.37% |
| Price to Book Value | 0.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.10 | 4.77 |
| P/E (x) | 66.69 | 29.37 |
| Promoter Holding | 92.27% | 67.27% |
| Market Cap | ₹222.74 Cr. |
The Lawsikho IPO is subscribed 273.12 times on January 24, 2024 7:30:00 PM (Day 3). The public issue subscribed 301.71 times in the retail category, 116.27 times in the QIB category, and 414.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 116.27 | 7,94,000 | 9,23,21,000 |
| NII* | 414.44 | 5,99,000 | 24,82,47,000 |
| Retail | 301.71 | 13,95,000 | 42,08,85,000 |
| Total | 273.12 | 27,88,000 | 76,14,53,000 |
Total Application : 4,20,885
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission. | 0.60 |
| 2 | Brokerage, selling commission and upload fees. | 0.21 |
| 3 | Registrars to the issue | 0.17 |
| 4 | Legal Advisors | 0.03 |
| 5 | Printing, advertising and marketing expenses | 0.85 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Others, if any (Advisors to the company, Peer Review Auditors, and other misc. expenses like printing & stationery etc.) | 8.42 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹310.00 |
| Low | ₹294.50 |
| High | ₹320.00 |
| Last Trade | ₹294.50 |
Lead Manager Reports
Addictive Learning Technology IPO is a SME IPO of 42,97,000 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Fri, Jan 19, 2024, and closes on Wed, Jan 24, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Addictive Learning Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Addictive Learning Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Addictive Learning Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Addictive Learning Technology IPO opens on Fri, Jan 19, 2024 and closes on Wed, Jan 24, 2024.
Addictive Learning Technology IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Addictive Learning Technology IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Addictive Learning Technology IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Mon, Jan 29, 2024. Check the Addictive Learning Technology IPO allotment status.
The Addictive Learning Technology IPO listing date is on Tue, Jan 30, 2024.
