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.
Addictive Learning Technology IPO – Details
| IPO Opening Date | 19 January 2024 |
| IPO Closing Date | 24 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 42,97,000 Shares Worth ₹60.16 Crore Fresh Issue: 41,37,000 Shares Worth ₹57.92 Crore Offer For Sale: 1,60,000 Shares Worth ₹2.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹133 – ₹140 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Maashitla Securities Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Addictive Learning Technology IPO – Date Schedule
| IPO Open Date | 19 January 2024 |
| IPO Close Date | 24 January 2024 |
| Basis of Allotment | 25 January 2024 |
| Initiation of Refund | 29 January 2024 |
| Credit of Shares to Demat Account | 29 January 2024 |
| IPO Listing Date | 30 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 24, 2024 |
Addictive Learning Technology IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | 1,40,000 |
| Retail (Maximum) | 1 | 1000 | 1,40,000 |
| HNI (Minimum) | 2 | 2000 | 2,80,000 |
Competitive Strengths
- Good track record.
- Cordial relations with their students, learners.
- Leveraging the experience of the company’s Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with the company’s Employees and Professionals.
- Quality assurance and control.
- Quality Deliverables.
Company Promoters
- Mr Ramanuj Mukherjee
- Mr Abhyudaya Sunil Agarwal
Object 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 6.77 | 6.77 | -0.005 | 0 |
| 31 March 2022 | 18.59 | 19.09 | -0.49 | 0 |
| 31 March 2023 | 33.54 | 30.29 | 2.47 | 0.15 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| EPS (Rs) | 4.94 |
| RoNW | 119.79% |
Addictive Learning Technology IPO Promoter Holding
| Pre Issue Share Holding | 92.27% |
| Post Issue Share Holding | 67.27% |
Addictive Learning Technology IPO Prospectus
- Addictive Learning Technology IPO DRHP
- Addictive Learning Technology IPO RHP
Company 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 IPO Registrar
| Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Addictive Learning Technology IPO Lead Manager(s)
| 1. Narnolia Financial Services Ltd |
Addictive Learning Technology IPO FAQs
| What is Addictive Learning Technology IPO? Addictive Learning Technology IPO is a SME IPO. The issue is priced at ₹133 – ₹140 per equity share. The IPO is to be listed on NSE SME. |
| When Addictive Learning Technology IPO will open? The IPO is to open on 19 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Addictive Learning Technology IPO? You can apply Addictive Learning Technology IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Addictive Learning Technology IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Addictive Learning Technology”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Addictive Learning Technology IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Addictive Learning Technology”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Addictive Learning Technology IPO Size? Addictive Learning Technology IPO size is ₹60.16 crores. |
| What is Addictive Learning Technology IPO Price Band? Addictive Learning Technology IPO Price Band is ₹133 – ₹140. |
| What is Addictive Learning Technology IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,40,000 amount while the maximum bid is 1000 shares with ₹1,40,000. |
| What is the Addictive Learning Technology IPO Allotment Date? Addictive Learning Technology IPO allotment date is 25 January 2024. |
| What is the Addictive Learning Technology IPO Listing Date? Addictive Learning Technology IPO listing date is 30 January 2024. The IPO is to list on NSE SME. |
