Lawsikho is scheduled to hit the market on January 19, 2024 and close on January 23, 2024. Lawsikho plans to raise around ₹60.16 Cr through an IPO with a sale of up to 4,297,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Founded in September 2017, Addictive Learning Technology Limited stands as a leading educational technology platform tailored for senior and mid-career professionals, occasionally extending its services to younger professionals. The platform emphasizes upskilling and career enhancement, offering specialized courses across a spectrum of fields.
Through its distinct brands — LawSikho, Skill Arbitrage, and Dataisgood — the company provides comprehensive training programs in areas such as Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science, ensuring learners acquire relevant and advanced skills.
Lawsikho PO Details
Lawsikho IPO opens on Jan 19, 2024, and closes on Jan 23, 2024. The Listing date for Lawsikho IPO is on Jan 29, 2024. The price band for IPO is ₹130 to ₹140 per share and lot size of 1000 Shares.
| IPO Date | Jan 19, 2024 to Jan 23, 2024 |
| Listing Date | Jan 29, 2024 |
| Price | ₹130 to ₹140 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹60.16 Cr |
| Face Value | ₹10 per share |
Lawsikho IPO Tentative Timetable
Lawsikho opening date is January 19, 2024 and close date is January 23, 2024. The IPO allotment date is January 24, 2024. The refund initiation of IPO is on January 25, 2024. The credit of shares in demat account is on January 25, 2024. The listing date is on January 29, 2024.
| Event | Date |
|---|---|
| IPO Opening | Jan 19, 2024 |
| IPO Closing | Jan 23, 2024 |
| IPO Allotment Date | Jan 24, 2024 |
| Refund Initiation | Jan 25, 2024 |
| Shares Credit to Demat | Jan 25, 2024 |
| Lisiting Date | Jan 29, 2024 |
Lawsikho IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lot (1000 shares or ₹140,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹140,000 |
| Retail(Maximum) | 1 | 1000 | ₹140,000 |
| HNI (Minimum) | 2 | 4000 | ₹280,000 |
Lawsikho IPO Promoter Holding
| Pre Issue Share Holding | 92.27% |
| Post Issue Share Holding | 67.27% |
Lawsikho IPO Review
Addictive Learning Technology Limited stands out in the ed-tech space with its commendable affiliation to the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship, Government of India. This significant accreditation lends credibility to the company's educational offerings, ensuring that learners receive certificates co-branded by NSDC and Skill India upon course completion. As of October 2023, the company's human resource base is robust, with 145 full-time employees complemented by 444 full-time professionals and consultants. Such a combination underscores the company's dedication to maintaining quality and expanding its reach in the rapidly evolving educational landscape.
From a financial perspective, Addictive Learning Technology Limited has demonstrated an impressive growth trajectory, especially evident when comparing the fiscal years 2022 and 2023. The company witnessed a remarkable surge in revenue by 80.41%, while its profit after tax (PAT) skyrocketed by an astonishing 603.63%. Such financial vigor is mirrored in key performance indicators, with returns on equity (ROE) and capital employed (ROCE) at a commendable 119.79% and 157.53%, respectively. A debt-to-equity ratio of 0.08 further solidifies the company's strong financial position and efficient capital structure. However, it's crucial to note the company's transformation from a modest asset base in FY 2021 to a more substantial stature by August 2023, underpinning its rapid growth and scalability.
The forthcoming IPO of Addictive Learning Technology Limited seeks to leverage the capital markets to fuel its strategic initiatives and capitalize on emerging opportunities. The delineation of the funds suggests a multi-pronged approach to growth, encompassing both organic and inorganic expansion strategies. Specifically, the allocation towards unidentified and identified acquisitions, coupled with investments in technology and course development, signifies the company's intent to diversify its offerings and enhance its technological infrastructure. Additionally, earmarking funds for branding, marketing, working capital, and general corporate purposes reflects a holistic approach to strengthening its market position, expanding its customer base, and ensuring sustainable growth in the dynamic ed-tech sector.
Lawsikho IPO Subscription Status (Bidding Details)
Table not foundLawsikho IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Lawsikho IPO FAQs
What is Lawsikho IPO?
Lawsikho is issuing 4,297,000 equity shares with a face value of ₹10 each, totaling up to ₹60.16 Cr. The shares are being offered at a price of ₹130 to ₹140 each, with a minimum order quantity of 1000 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Lawsikho IPO will open?
Lawsikho will open on January 19, 2024 for QIB, NII, and Retail Investors.
When Lawsikho IPO will end?
Lawsikho will end on January 23, 2024.
What is Lawsikho IPO Size?
Lawsikho IPO size is ₹60.16 Cr.
What is Lawsikho IPO Price Band?
Lawsikho price band is ₹130 to ₹140 per share.
What is the Lawsikho IPO Allotment Date?
Lawsikho allotment date is January 24, 2024.
What is the Lawsikho IPO Listing Date?
Lawsikho listing date is January 29, 2024. The IPO is to be listed on BSE and NSE.
How to Apply Lawsikho IPO through Zerodha?
To apply for the IPO “Lawsikho” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Lawsikho IPO through Upstox?
To apply for the IPO “Lawsikho” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Lawsikho IPO Allotment Status?
For Lawsikho IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Lawsikho IPO GMP?
You can check out here: Lawsikho IPO GMP