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Addictive Learning Technology Limited IPO
Addictive Learning Technology Ltd. (ALTL) has a tag of LawSikho which was its prime activity, but now the also provides international bar exam courses such as the CANADA BAR EXAM: Canadian Barrister & Solicitor Exam & NCA exam for Indian lawyers who want to practice in Canada, UK SOLICITOR QUALIFICATION EXAM: Training for Indian lawyers to crack the solicitors Qualifying Exam (SQE) and qualify as a solicitor in England and Wales, CALIFORNIA BAR EXAM: How to crack the California Bar Exam and start your legal practice in the US. These courses are meticulously designed to cater to learners who are looking to enhance their career growth by getting into new practice areas or entering new markets. It provides practical and industry-oriented courses designed to bridge the gap between theoretical education and practical application.
Lawsikho IPO is a book-built issue of Rs 60.16 crores. The issue is a combination of a fresh issue of 41.37 lakh shares aggregating to Rs 57.92 crores and an offer for sale of 1.6 lakh shares aggregating to Rs 2.24 crores. The Lawsikho IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 1000 Shares. Narnolia Financial Services Ltd is the book-running lead manager of the Lawsikho IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market makers for Lawsikho IPO are Ss Corporate Securities and Prabhat Financial Services.
Lawsikho IPO Overview
| Detail | Description |
|---|---|
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹133 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 4,297,000 shares (aggregating up to ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,772,732 |
| Share holding post issue | 15,909,732 |
| Market Maker portion | 316,000 shares Ss Corporate Securities Prabhat Financial Services |
Lawsikho IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Lawsikho 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 |
Lawsikho IPO Reservation
| 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%) |
Lawsikho IPO Promoter Holding
| Share Holding Pre Issue | 92.27% |
| Share Holding Post Issue | 67.27% |
Lawsikho IPO Anchor Investors Details
| Bid Date | January 18, 2024 |
| Shares Offered | 1,192,000 |
| 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 |
Company & Financials
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 the 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.
Addictive Learning Technology Limited Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 1,324.95 | 920.64 | 103.11 | 65.05 | ||||||||||||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| RoNW | 119.79% |
| P/BV | 0.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.1 | 4.77 |
| P/E (x) | 66.69 | 29.37 |
Objectives of Lawsikho IPO
The objectives of the Issue are:-
- 1. To meet the expenses for Unidentified Acquisition for Company (In India or Abroad).
- 2. To meet the expenses for Identified Acquisition.
- 3. To meet the expenses for Investment in Technology.
- 4. To meet the expenses for the development of new courses.
- 5. To meet the Branding & Marketing Expenses for the Company.
- 6. To meet the Working Capital requirements of the Company.
- 7. To meet out the General Corporate Purposes; and 8. To meet out the Issue Expenses.
Lawsikho IPO Review
The company that started with Law courses is now heading for diverse online courses that include 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 footprint. 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.
FAQs for Lawsikho IPO
-
When will Addictive Learning Technology Ltd's IPO be allotted?
The date of allotment is January 25, 2024.
-
When will Addictive Learning Technology Ltd's IPO open for subscription?
The IPO subscription window is from Friday, January 19, 2024, to Tuesday, January 23, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO is 1,000 shares.
-
When will Addictive Learning Technology Ltd list on exchanges?
The listing date for Additive Technologies is Monday, January 29, 2024.
-
What would be the listing gains on the Addictive Learning Technology Ltd IPO?
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Monday, January 29, 2024.
Lawsikho IPO Subscription Status
Category
Subscription (times)
QIB
116.27
NII
414.44
Retail
301.71
Total
273.12
RHP:
RHP of Addictive Learning Technology Limited IPO
Anchor Investor Link:
Anchor Investor Link of Addictive Learning Technology Limited IPO
-
When will Addictive Learning Technology Ltd's IPO be allotted?
The date of allotment is January 25, 2024.
-
When will Addictive Learning Technology Ltd's IPO open for subscription?
The IPO subscription window is from Friday, January 19, 2024, to Tuesday, January 23, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO is 1,000 shares.
-
When will Addictive Learning Technology Ltd list on exchanges?
The listing date for Additive Technologies is Monday, January 29, 2024.
-
What would be the listing gains on the Addictive Learning Technology Ltd IPO?
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Monday, January 29, 2024.
Lawsikho IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 116.27 |
| NII | 414.44 |
| Retail | 301.71 |
| Total | 273.12 |
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