What you must know about Addictive Learning Technology IPO?
by 5paisa Research Team
08 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 30-Jan-24
- IPO Price Range ₹ 130 to ₹ 140
- Listing Price ₹ 310
- Listing Change 121.4%
- Last Traded Price ₹ 284
- Current Change 102.9%
LawSikho IPO Details
- Open Date 19-Jan-24
- Close Date 24-Jan-24
- Lot Size 1000
- IPO Size ₹ 60.16 Cr
- IPO Price Range ₹ 130 to ₹ 140
- Min Investment ₹ 130000
- Listing Exchange NSE SME
- Basis of Allotment 25-Jan-24
- Refunds 29-Jan-24
- Credit to Demat Account 29-Jan-24
- Listing Date 30-Jan-24
Addictive Learning Technology (LawSikho) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-Jan-24 | 6.65 | 20.73 | 32.50 | 22.61 |
| 23-Jan-24 | 11.05 | 95.06 | 167.77 | 107.52 |
| 24-Jan-24 | 116.27 | 414.44 | 301.71 | 273.12 |
LawSikho IPO Synopsis
Addictive Learning Technology Limited (Lawsikho) IPO is all set to open from 19th January to 24th January 2024. The company is an ed-tech platform and focuses on senior & mid-career professionals. The IPO includes a fresh issue of 4,137,000 shares worth ₹57.92 cr and an Offer-for-Sale (OFS) of 160,000 shares worth ₹2.24 cr. The IPO size is ₹60.16 cr. The share allotment date is 25th January 2024, and the IPO will be listed on 30th January 2024 on the stock exchanges. The price band is ₹130 to ₹140 per share and the lot size is 1000 shares.
Narnolia Financial Services Limited is the book-running lead manager for this IPO, while Maashitla Securities Private Limited is the registrar.
Objectives of LawSikho IPO:
Addictive Learning Technology Limited plans to utilize the raised capital from the IPO to:
● To fund the expenses related to the Identified Acquisition in India as well as abroad.
● To invest in technology and develop new courses.
● To fund branding and marketing-related expenses.
● To fulfill Working capital requirements.
● General corporate purposes.
● To fund the public issue expense.
About Addictive Learning Technology (LawSikho)
Incorporated in 2017, Addictive Learning Technology Limited is a well-known ed-tech platform that is popularly known as Lawshikho. It offers professional upskilling and career services, especially for senior & mid-career professionals. The company also offers these services to students who wish to gain advanced skills and find jobs.
Addictive Learning’s service offering includes courses and training programs for various subjects including Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing and Data Science. The company undertakes these activities under its three brands namely, LawSikho, Skill Arbitrage and Data is good. Apart from this, Addictive Learning also offers courses for global bar exams such as the Canadian Barrister & Solicitor Exam & NCA, California Bar Exam, and the UK Solicitor Qualification Exam.
Addictive Learning’s well-known and widely-opted courses are:
● US Intellectual Property Law
● US Tax Law
● US Accounting
● Bookkeeping and Corporate Compliances
● International Contract Drafting
● International Business Law
● International Labour Laws
● US Technology Law
● US Corporate Law
● US Real Estate Law
Peer Comparison
● CL Educate Limited
● Career Point Limited
For More Information:
Webstory on LawSikho IPO
Addictive Learning Technology (LawSikho) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 33.53 | 18.57 | 6.78 |
| EBITDA | 3.34 | -0.44 | 0.021 |
| PAT | 2.47 | -0.49 | -0.0054 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 9.21 | 1.03 | 0.65 |
| Share Capital | 0.10 | 0.10 | 0.001 |
| Total Borrowings | 7.14 | 1.44 | 0.66 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.39 | -0.21 | 0.46 |
| Net cash from / (used in) investing activities | -0.147 | -0.021 | -0.076 |
| Net cash flow from / (used in) financing activities | 0.15 | 0.10 | - |
| Net increase (decrease) in cash and cash equivalents | 1.40 | -0.13 | 0.38 |
LawSikho IPO Key Points
-
Strengths
1. The company prioritizes skill development, with remote presence and a focus on Innovation.
2. It has an AI-based business approach for Enhanced Customer Engagement and Sales Excellence.
3. Strategic Collaboration with NSDC (National Skill Development Corporation).
4. It focuses on Infusing Practical Industry Experience into Education by engaging industry experts.
5. The company has a diverse collection of courses.
6. Its “LawSikho” brand is well-recognized in the legal education sector.
-
Risks
1. The company and its subsidiary have reported restated loss after tax in the past.
2. Reported Negative cash flow.
3. High working capital requirements.
4. It has a policy for refund of fees which students may seek subject to their preferences.
5. Operates in a significantly fragmented and competitive market
6. The company uses a Learning Management System (LMS), which is a third-party software.
LawSikho
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
LawSikho IPO FAQs
When does the Addictive Learning Technology IPO opens and closes?
Addictive Learning Technology (LawSikho) IPO opens from 19th January to 23rd January 2024.
What is the size of the Addictive Learning Technology IPO?
The size of Addictive Learning Technology (LawSikho) IPO is ₹60.16 cr.
How to apply for the Addictive Learning Technology IPO?
To apply for Addictive Learning Technology (LawSikho) IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Addictive Learning Technology Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Addictive Learning Technology IPO?
The GMP value of every IPO changes daily. To view today's GMP of Addictive Learning Technology (LawSikho) IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Addictive Learning Technology IPO?
The price band of Addictive Learning Technology (LawSikho) IPO is ₹130 to ₹140 per share.
What is the minimum lot size and investment required for the Addictive Learning Technology IPO?
The minimum lot size of Addictive Learning Technology (LawSikho) IPO is 1000 shares and the investment required is ₹1,30,000.
What is the allotment date of the Addictive Learning Technology IPO?
The share allotment date of Addictive Learning Technology (LawSikho) IPO is 24th January 2024.
What is the Addictive Learning Technology IPO listing date?
The Addictive Learning Technology (LawSikho) IPO will be listed on 29th January 2024.
Who are the book runners for the Addictive Learning Technology IPO?
Narnolia Financial Services Limited is the book-running lead manager for Addictive Learning Technology (LawSikho) IPO.
What is the objective of Addictive Learning Technology IPO?
Addictive Learning Technology Limited plans to utilize the raised capital from the IPO to:
1. To fund the expenses related to the Identified Acquisition in India as well as abroad.
2. To invest in technology and develop new courses.
3. To fund branding and marketing-related expenses.
4. To fulfill Working capital requirements.
5. General corporate purposes.
6. To fund the public issue expense.
Contact Details of Addictive Learning Technology (LawSikho) IPO
Contact Information
Addictive Learning Technology Limited
Unit No 334 Plot No 12,
3rd Floor Road No-44 Vardhaman, Big V Plaza
Pitampura, Landmark M2K, City Delhi- 110034
Phone: +91 124 4143608
Email: compliance@lawsikho.in
Website: https://lawsikho.com/
Addictive Learning Technology (LawSikho) IPO Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Addictive Learning Technology (LawSikho) IPO Lead Manager
Narnolia Financial Services Ltd
LawSikho IPO Related Articles
Addictive Learning Technology IPO GMP | LawSikho IPO (Grey Market Premium)
by 5paisa Research Team
09 Jan 2024
Addictive Learning Technology | LawSikho IPO Subscribed 273.12 times
by 5paisa Research Team
24 Jan 2024