Addictive Learning Technology Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 133 to ₹ 140 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 42,97,000 shares (aggregating up to ₹ 60.16 Cr) |
| Fresh Issue | 41,37,000 shares (aggregating up to ₹ 57.92 Cr) |
| Offer for Sale | 1,60,000 shares of ₹10 (aggregating up to ₹ 2.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,17,72,732 |
| Share holding post issue | 1,59,09,732 |
| Market Maker portion | 3,16,000 shares Ss Corporate Securities Prabhat Financial Services |
About Addictive Learning Technology Limited IPO
Addictive Learning Technology Ltd. (ALTL) has a tag of LawSikho which was its prime activity, but now the also provides international bar exam courses such as the CANADA BAR EXAM: Canadian Barrister & Solicitor Exam & NCA exam for Indian lawyers who want to practice in Canada, UK SOLICITOR QUALIFICATION EXAM: Training for Indian lawyers to crack the solicitors Qualifying Exam (SQE) and qualify as a solicitor in England and Wales, CALIFORNIA BAR EXAM: How to crack the California Bar Exam and start your legal practice in the US. These courses are meticulously designed to cater to learners who are looking to enhance their career growth by getting into new practice areas or entering new markets. It provides practical and industry-oriented courses designed to bridge the gap between theoretical education and practical application.
Lawsikho IPO is a book-built issue of Rs 60.16 crores. The issue is a combination of a fresh issue of 41.37 lakh shares aggregating to Rs 57.92 crores and an offer for sale of 1.6 lakh shares aggregating to Rs 2.24 crores. The Lawsikho IPO price band is set at ₹133 to ₹140 per share. The minimum lot size for an application is 1000 Shares. Narnolia Financial Services Ltd is the book-running lead manager of the Lawsikho IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market makers for Lawsikho IPO are Ss Corporate Securities and Prabhat Financial Services.
Objectives of Lawsikho IPO
The objectives of the Issue are:-
- 1. To meet the expenses for Unidentified Acquisition for Company (In India or Abroad).
- 2. To meet the expenses for Identified Acquisition.
- 3. To meet the expenses for Investment in Technology.
- 4. To meet the expenses for the development of new courses.
- 5. To meet the Branding & Marketing Expenses for the Company.
- 6. To meet the Working Capital requirements of the Company.
- 7. To meet out the General Corporate Purposes; and 8. To meet out the Issue Expenses.
Lawsikho IPO Review
The company that started with Law courses is now heading for diverse online courses that include online training/ placement and resolution in faster mode at economical rates. The future trends are indicated by its performance for the last 18 months. It has now become a global player and is expanding its footprint. Though based on its annualized FY24 earnings, the issue appears fully priced, considering current trends, investors may park funds for the medium to long-term rewards.
Addictive Learning Technology Limited IPO Financial Information
Latest Revenue
₹ 2,482.36 Cr
Profit After Tax
₹ 315.96 Cr
Net Worth
₹ 522.27 Cr
Total Borrowing
₹ 15.73 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Aug 2023 | 1,324.95 | 2,482.36 | 315.96 | 522.27 | — |
| 31 Mar 2023 | 920.64 | 3,354.47 | 247.13 | 206.30 | 15.73 |
| 31 Mar 2022 | 103.11 | 1,859.34 | -49.07 | -40.82 | — |
| 31 Mar 2021 | 65.05 | 677.77 | -0.54 | -1.75 | — |
| Amount in ₹ Crore | |||||
Addictive Learning Technology Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| RoNW | 119.79% |
| P/BV | 0.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.1 | 4.77 |
| P/E (x) | 66.69 | 29.37 |
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Competitive Strengths
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Addictive Learning Technology Limited IPO Timeline
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹ 1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹ 1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹ 2,80,000 |