19-Jan-2024
2 mins read
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Lawsikho IPO SME 2024 is open for subscription from Friday, January 19, 2024, to Tuesday, January 23, 2024. The price band is set at Rs 133 to Rs 140 per share. The minimum lot size of this IPO is 1000 shares. Meanwhile, the minimum lot size for the HNI category is 2000 shares. The minimum amount of investment required for retail investors is Rs 1,40,000. (140 x 1000 shares). However, for HNI category the minimum investment amount is required Rs 2,80,000 (140 x 2000 shares). Addictive Learning Technology Limited (Lawsikho IPO SME 2024) is a book-built issue of Rs 60.16 crores. The issue is a combination of a fresh issue of 41.31 lakh shares, which amount to Rs 57.92 crores. The remaining is an offer for sale of 1.6 lakh shares amounting to Rs 2.24 crore. The allotment for this SME IPO is expected to be finalised on Wednesday, January 24, 2024. Lawsikho IPO SME 2024 is going to be listed on NSE SME with a tentative listing date fixed on Monday, January 29, 2024.
About Addictive Learning Technology Limited: Lawsikho
Lawsikho is a professional up-skilling and career services edtech platform. It primarily caters to senior to mid-career professionals. However, in some cases, it caters to young professionals as well. Lawsikho offers a comprehensive range of professional courses and training programs. It includes Finance, Law, Human resources, Business consulting, Compliance, Content writing, Artificial intelligence and Data science. The brands under Addictive Learning Technology are Lawsikho, Skill Arbitrage and Details Good. These educational offerings are designed to help busy professionals learn highly demanding skills and develop a strong, demonstrable track record. Also, the company helps to access international as well as domestic freelance work and remote jobs. They also cater to college students looking forward to learning a new skill set and fresh graduates who are looking for a job.
Objectives of Addictive Learning Technology Limited (Lawsikho) IPO SME 2024
The Lawsikho IPO will help the company expand its business. The main purpose of the IPO is to meet the working capital requirement and expenses like Branding and marketing. Also, to meet the expenses for adopting new technology and to meet issue expenses. Furthermore, the funds will be used to cover the expenses of developing new courses. The other objectives are to meet the General Corporate Purposes and expenses for Identified Acquisition.
Financial Performance of Addictive Learning Technology (Lawsikho)
Addictive Learning Technology Limited’s revenue increased by 80.41%, and profit after tax (PAT) rose by 603.63% between the financial year ending March 31, 2023, and March 31, 2022.
| Period Ended | 31-Aug-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 206.3 | -40.82 | -1.75 |
| Reserves and Surplus | 512.17 | 196.2 | -50.92 | -1.85 |
| Total Borrowing | 15.73 |
Important Details of Addictive Learning Technology (Lawsikho) IPO 2024
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | 29-Jan-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 133 to Rs 140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 4,297,000 shares amounting to Rs 60.16 Crore |
| Fresh Issue | 4,137,000 shares amounting to Rs 57.92 Crore |
| Offer for Sale | 160,000 shares of Rs10 amounting to Rs 2.24 Crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 11,772,732 |
| Shareholding post issue | 15,909,732 |
| Market Maker portion | 316,000 shares |
Lot Size of Addictive Learning Technology (Lawsikho) IPO 2024
| Application | Lots | Shares | Amount (In Rs) |
| Retail (Min) | 1 | 1000 | 140,000 |
| Retail (Max) | 1 | 1000 | 140,000 |
| HNI (Min) | 2 | 2,000 | 280,000 |
IPO Reservation of Addictive Learning Technology (Lawsikho)
Lawsikho IPO offers 4,296,000 shares. The distributions are as follows:
The QIB category offered 794,000 shares (18.48%), non-institutional investors offered 599,000 (13.94%), Retail offered 1,395,000 (32.47%) and 1,192,000 shares (27.75%) to Anchor investors.
| 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%) |
Promoters of Addictive Learning Technology (Lawsikho) IPO
The promoters of the company are Ramanuj Mukherjee and Abhyudaya Sunil Agarwal.
Promoter Holdings of Addictive Learning Technology (Lawsikho) IPO 2024
| Shareholding Pre-Issue | 92.27% |
| Shareholding Post Issue | 67.27% |
Anchor Investors Details of Addictive Learning Technology (Lawsikho) IPO 2024
| Bid Date | 18-Jan-24 |
| Shares Offered | 1,192,000 |
| Anchor Portion Size (In Cr.) | 16.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | 7-Mar-24 |
| Anchor lock-in period end date for remaining shares (90 Days) | 7-Jun-24 |
Key Performance Indicator of Addictive Learning Technology (Lawsikho) IPO 2024
| KPI | Values |
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| RoNW | 119.79% |
| P/BV | 0.29 |
Subscription Status of Addictive Learning Technology (Lawsikho) IPO 2024
| Category | Subscription (times) | Shares Offered | Shares bid for |
| QIB | 0.02 | 7,94,000 | 12,000 |
| NII* | 4.14 | 5,99,000 | 24,80,000 |
| Retail | 10.84 | 13,95,000 | 1,51,28,000 |
| Total | 6.32 | 27,88,000 | 1,76,20,000 |
Lead Manager(s) of Addictive Learning Technology (Lawsikho) IPO 2024
The lead manager for Addictive Learning Technology (Lawsikho) IPO is Narnolia Financial Services Ltd (Past IPO Performance)
How to Apply for Addictive Learning Technology (Lawsikho) IPO 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Addictive Learning Technology (Lawsikho) IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check Allotment Status of Addictive Learning Technology (Lawsikho) IPO 2024
The registrar for Addictive Learning Technology (Lawsikho) IPO is Maashitla Securities Private Limited. To check your allotment status, please click on this link https://maashitla.com/allotment-status/public-issues.
FAQs
- What is Addictive Learning Technology (Lawsikho) IPO 2024?
Addictive Learning Technology Limited (Lawsikho IPO SME 2024) is a book-built issue of Rs 60.16 crores. The issue is a combination of a fresh issue of 41.31 lakh shares, which amount to Rs 57.92 crores. The remaining is an offer for sale of 1.6 lakh shares amounting to Rs 2.24 crore.
- Who are the lead managers for the Addictive Learning Technology (Lawsikho) IPO 2024?
Narnolia Financial Services Ltd are appointed as the lead manager for the IPO.
- What is the role of Maashitla Securities Pvt Limited in this IPO?
Maashitla Securities Pvt Limited is the registrar for Addictive Learning Technology, handling the IPO’s administrative aspects.
- How can I apply for the Addictive Learning Technology (Lawsikho) IPO 2024?
The public subscription of this IPO has already begun. Visit Bigul’s website here for the application process.
- How will the net proceeds from the IPO be utilised?
The net proceeds will be used for various purposes, like fulfilling working capital requirements, meeting Branding and marketing expenses, meeting the expenses for developing new courses and many more.
- How can I check the allotment status of the IPO?
You can check the allotment status of the Addictive Learning Technology Limited IPO 2024 by visiting https://maashitla.com/allotment-status/public-issues.
- What is the financial performance of Addictive Learning Technology Limited?
For the year ending March 31, 2022, Addictive Learning Technology Limited reported a net loss of -49.07 crore. The revenue stands at Rs 1,859.34 crore.
