
Wagons Learning (Withdrawn) IPO
IPO Details
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Open Date
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Listing Date
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IPO Timeline
Wagons Learning (Withdrawn) IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
2-May-25 | 0.00 | 0.01 | 0.04 | 0.02 |
5-May-25 | 0.00 | 0.01 | 0.16 | 0.08 |
Last Updated: 20 May 2025 11:34 AM by 5Paisa
Wagons Learning Limited is launching a ₹38.38 Cr IPO. The company offers B2B corporate training, digital learning, skill development, and payroll solutions. It operates in sectors like BFSI, pharma, and automotive, having trained over 500,000 professionals. NSDC-certified, Wagons also has a presence in Dubai for EdTech services. It is now entering the B2C space with industry-focused certification programs to expand its digital education footprint.
Established in: 2013
Managing Director: Mr. Uday Shetty
Peers
● NIIT Learning Systems Limited (Standalone)
● Vinsys IT Services India (Standalone)
Objectives
● Working capital requirements of the company
● Prepayment/ repayment in full or part of certain borrowings.
● General corporate purposes
Wagons Learning IPO Reservation
Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
---|---|---|---|---|
QIB | 0.00 | 5,32,800 | 0 | 0 |
NII (HNI) | 0.01 | 16,89,600 | 22,400 | 0.184 |
Retail | 0.16 | 22,22,400 | 3,45,600 | 2.834 |
Total** | 0.08 | 44,44,800 | 3,68,000 | 3.018 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
---|---|---|---|
Revenue | 9.89 | 16.17 | 33.51 |
EBITDA | 0.26 | 1.21 | 8.13 |
PAT | 0.09 | 0.71 | 5.61 |
Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
---|---|---|---|
Total Assets | 6.47 | 8.54 | 21.41 |
Share Capital | 0.01 | 0.01 | 12.52 |
Total Borrowings | 0.97 | 1.69 | 4.23 |
Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
---|---|---|---|
Net Cash Generated From / (used in) operating activities | -0.81 | -0.34 | 1.71 |
Net Cash Generated From / (used in) investing activities | -1.13 | -0.14 | -6.27 |
Net Cash Generated From / (used in) financing activities | 2.72 | 0.59 | 5.15 |
Net Increase (Decrease) In Cash And Cash Equivalents | 0.78 | 0.10 | 0.59 |
Strengths
● PAN India presence across tier 1, 2, 3, and 4 cities boosts market reach.
● Strong team of in-house experts, experienced trainers, and empanelled trainers.
● Ability to deliver large-scale customised programs across 19 regional languages.
● SMEs and content team follow a structured 3D Model for training material creation.
Weaknesses
● History of negative cash flows may impact future growth prospects.
● No ownership of intellectual property for courses and training materials.
● Duplicate risk: Competitors may use company’s training content without restrictions.
● Past delays in tax and statutory filings led to penalties and extra interest payments.
Opportunities
● Growing demand for corporate training and digital learning solutions across industries.
● Expansion into B2C space with industry-specific certification courses.
● Increasing need for skill development under government CSR initiatives.
● International growth potential with existing operations in Dubai, UAE.
Threats
● Competitors leveraging company’s training materials could weaken market position.
● Regulatory non-compliance can lead to financial penalties and reputational damage.
● Economic downturns could reduce corporate spending on training and development.
● Increased competition in EdTech and skill development space may pressure margins.
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Contact Information
Wagons Learning (Withdrawn)
Wagons Learning Limited
Office No. 302, Tower 2,
Montreal Business Center,
Pallod Farms, Baner,
Phone: +91-8149006055
Email: compliance@wagonslearning.com
Website: http://www.wagonslearning.com/
Wagons Learning (Withdrawn) IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Wagons Learning (Withdrawn) IPO Lead Manager
Khandwala Securities Limited