Key Points for this IPO:
- The IPO is a book built issue of Rs 60.16 Crores. The issue is a combination of fresh issue of 41.37 Lakh shares aggregating to Rs 57.92 Crores and offer for sale of 1.6 Lakh shares aggregating to 2.24 Crores.
- The company incurred losses of Rs. 0.54 lakhs In FY 21 and Rs. 49 lakhs FY 22 and incurred profit Rs. 2.47 Crores. FY 23 .
- From the net proceeds, it will utilize Rs. 5.00 cr. for unidentified acquisition in India and Abroad, Rs. 3.00 cr. for identified acquisitions, Rs. 8.00 cr. investment in technology, Rs. 5.00 cr. for development of new courses, Rs. 10.00 cr. for branding and marketing, Rs. 8.00 cr. for working capital, and the rest for general corporate purposes.
| Issue Date | 19 to 23 Jan, 2024 |
| Issue Size | Rs. 60.16 crore |
| Fresh Issue | Rs. 57.92 crore |
| Price Band | Rs. 133 to 140 per share |
| Lot Size | 1000 Shares |
| Employee Discount | Nil per share |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue Type |
| Listing At | NSE SME |
| QIB shares offered | Not more than 50% of the net issue |
| Retail shares offered | Not less than 35% of the net issue |
| NII shares offered | Not less than 15% of the net issue |
Lot Size (Minimum)
| Retail | 1000 shares | Rs. 140,000 |
| HNI | 2000 shares | Rs. 2,80,000 |
Tentative IPO Timelines
| Basis of Allotment | 24 Jan, 2024 |
| Initiation of Refunds | 25 Jan, 2024 |
| Credit of shares to Demat | 25 Jan, 2024 |
| Listing Date | 29 Jan, 2024 |
About the Company
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.
Objects of the Issue
- To meet out the expenses for Unidentified Acquisition for Company (In India or Abroad)
- To meet the expenses for Identified Acquisition.
- To meet out the expenses for Investment in Technology
- To meet out the expenses for development of new courses
- To meet out the Branding & Marketing Expenses for the Company
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes; and 8. To meet out the Issue Expenses.
IPO Promoter Holding
The Promoters of the company are:
- Mr Ramanuj Mukherjee
- Mr Abhyudaya Sunil Agarwal
| Pre-Issue shareholding | 92.27% |
| Post issue shareholding | 67.27% |
Financial Summary Amount in Rs. crores
| Particulars | March 2023 | March 2022 | March 2021 |
| Revenue | 33.54 | 18.59 | 6.77 |
| Net Profit / (Loss) | 2.47 | (0.49) | (0.01) |
| Total Assets | 9.20 | 1.03 | 0.65 |
GMP / Expected Premium
GMP as on 18-01-2023 is 77%.
Please note GMP is taken from internet and is subject to change in future. Please consult your financial advisor before applying in the IPO.
Disclaimer: The information above is only for information and educational purpose. Please note SME IPO’s are generally risky as they have low liquidity and traded in lot sizes after listing. Please consult your Financial advisor before applying in the IPO.
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