Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹140.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,33,000 (1000 shares). The minimum lot size investment for 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 Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹133 to ₹140 per share |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 42,97,000 shares (aggregating up to ₹60.16 Cr) |
| Reserved for Market Maker | 3,16,000 shares SS Corporate Securities Ltd. (aggregating up to ₹4.42 Cr) Prabhat Financial Services Ltd. |
| Fresh Issue (Ex Market Maker) | 38,21,000 shares (aggregating up to ₹53.49 Cr) |
| Offer for Sale | 1,60,000 shares of ₹10 (aggregating up to ₹2.24 Cr) |
| Net Offered to Public | 39,81,000 shares (aggregating up to ₹55.73 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Post Issue | 1,59,09,732 shares |
Lawsikho IPO offers total 42,97,000 shares. Out of which 19,87,000 (46.24%) allocated to QIB, 7,95,000 (18.50%) allocated to QIB, 5,99,000 (13.94%) allocated to NII, 13,95,000 (32.46%) allocated to RII and 11,92,000 (27.74%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,16,000 (7.35%) |
| QIB Shares Offered | 19,87,000 (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 (13.94%) |
| Retail Shares Offered | 13,95,000 (32.46%) |
| Total Shares Offered | 42,97,000 (100.00%) |
Addictive Learning Technology IPO raises ₹16.69 crore from anchor investors. Addictive Learning Technology IPO Anchor bid date is January 18, 2024. Addictive Learning Technology IPO Anchor Investors list
| Bid Date | January 18, 2024 |
| Shares Offered | 11,92,000 |
| Anchor Portion Size (In Cr.) | 16.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 24, 2024 |
Addictive Learning Technology IPO opens on January 19, 2024, and closes on January 24, 2024.
| IPO Open Date | Fri, Jan 19, 2024 |
| IPO Close Date | Wed, Jan 24, 2024 |
| Tentative Allotment | Thu, Jan 25, 2024 |
| Initiation of Refunds | Mon, Jan 29, 2024 |
| Credit of Shares to Demat | Mon, Jan 29, 2024 |
| Tentative Listing Date | Tue, Jan 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 24, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Addictive Learning Technology Limited's revenue increased by 80.41% and profit after tax (PAT) rose by 603.63% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,324.95 | 920.64 | 103.11 | 65.05 |
| Total Income | 2,482.36 | 3,354.47 | 1,859.34 | 677.77 |
| Profit After Tax | 315.96 | 247.13 | -49.07 | -0.54 |
| Net Worth | 522.27 | 206.30 | -40.82 | -1.75 |
| Reserves and Surplus | 512.17 | 196.20 | -50.92 | -1.85 |
| Total Borrowing | 15.73 | |||
| Amount in ₹ Lakhs | ||||
The market capitalization of Addictive Learning Technology IPO is ₹222.74 Cr.
| KPI | Values |
|---|---|
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| RoNW | 119.79% |
| Price to Book Value | 0.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.10 | 4.77 |
| P/E (x) | 66.69 | 29.37 |
The objects of the Issue are:-
[Dilip Davda] The company that started with Law courses is now heading for diverse online courses that included online training/ placement and resolution in faster mode at economical rates. The future trends are indicated by its performance for the last 18 months. It has now become a global player and is expanding its footprints. Though based on its annualized FY24 earnings, the issue appears fully priced, considering current trends, investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | January 30, 2024 |
| BSE Script Code | |
| NSE Symbol | LAWSIKHO |
| ISIN | INE0RDH01021 |
| Final Issue Price | ₹140 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹310.00 |
| Low | ₹294.50 |
| High | ₹320.00 |
| Last Trade | ₹294.50 |
Addictive Learning Technology Ltd.
Unit No 334 Plot No 12,
3rd Floor Road No-44 Vardhaman, Big V Plaza
Pitampura, Landmark M2K
North West Delhi, New Delhi, 110034
Phone: +91 124 4143608
Email: compliance@lawsikho.in
Website: https://lawsikho.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Addictive Learning Technology IPO is a SME IPO of 42,97,000 equity shares of the face value of ₹10 aggregating up to ₹60.16 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on January 19, 2024, and closes on January 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 January 19, 2024 and closes on January 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 Monday, January 29, 2024. Check the Addictive Learning Technology IPO allotment status.
The Addictive Learning Technology IPO listing date is on Tuesday, January 30, 2024.
Useful Articles
RHP