Addictive Learning Technology Limited IPO (Lawsikho IPO)

19 Jan 2024 - 24 Jan 2024 Individual Category SME IPO NSE

Min Investment

₹280000

Price Band

₹133-₹140

Issue Size

42.97 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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19 Jan 2024

Open Date

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24 Jan 2024

Close Date

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25 Jan 2024

Allotment Date

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30 Jan 2024

Listing Date

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 maximum 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.

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About Addictive Learning Technology Limited Ipo (lawsikho Ipo)

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.

Founded

2017

Managing Director

Ramanuj Mukherjee

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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