LawSikho IPO (Addictive Learning Technology Limited) will open for subscription on January 19 and close on January 23, it is a fresh issue and offer for sale (OFS) of Rs. 60.16 crore. An investor can apply for the issue for a minimum of 1000 shares and the listing will happen on January 29, 2024.
#1. Quick Intro of LawSikho (Addictive Learning Technology Limited)
LawSikho (Addictive Learning Technology Limited) (2017) is engaged in the Professional upskilling and career services edutech platform which caters primarily to senior and mid-career professionals and in some cases to young professionals as well.
LawSikho, DataisGood, and Skill Arbitrage are a couple of famous brands of the company.
The company offers training and courses domestically and internationally, mainly focusing on all the trending subjects like data science, finance, artificial intelligence, business consulting, content writing, English speaking, etc.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of LawSikho (Addictive Learning Technology Limited)
The company intends to use the IPO Funds for the following purposes:
- To meet the expenses for Unidentified Acquisition for Company.
- To meet the expenses for Identified Acquisition.
- To meet the expenses for Investment in Technology.
- To meet the expenses for the development of new courses
- To meet the Branding and Marketing Expenses for the Company.
- To meet the Working Capital requirements of the Company
- To meet the General Corporate Purposes and issue related expenses.
#3. LawSikho (Addictive Learning Technology Limited) Core Strengths
- Prioritizing skill development, with remote presence and a focus on Innovation.
- Synergistic AI Integration for Enhanced Customer Engagement and Sales Excellence.
- Strategic Collaboration with NSDC for Industry-Aligned Skill Development.
- Infusing Practical Industry Experience into Education by engaging industry experts.
- Diversified Courses Library.
- Strong brand equity
#4. LawSikho (Addictive Learning Technology Limited) IPO Review & Rating
| Issue Size | Rs 60.16 Crore |
|---|---|
| Issue Price | Rs.130 to Rs.140 per share |
| Minimum Lot Size | 1000 Shares |
| Total Profit (March 2023) | Rs.315.96 Lakhs |
| ROE | 119.79% |
| ROCE | 157.53% |
| Listing on | NSE SME |
| IPO Deliver Rating | Two |
#5. LawSikho (Addictive Learning Technology Limited) IPO Dates, Price Band & Details
LawSikho (Addictive Learning Technology Limited) IPO will open on January 19, 2024, and close on January 23, 2024. The IPO is to be listed on January 24, 2024.
| Type of issue | Book Built Issue IPO |
|---|---|
| Issue Size | Rs.60.16 Crore |
| Issue Price | Rs.130 to Rs.140 Per Share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 19, 2024 |
| IPO Close Date | January 23, 2024 |
| IPO Allotment Date | January 24, 2024 |
| Refund Date | January 25, 2024 |
| Share Credit Date | January 25, 2024 |
| Listing Date | January 29, 2024 |
#6. LawSikho (Addictive Learning Technology Limited) IPO Offer Details
LawSikho (Addictive Learning Technology Limited) IPO’s total issue size is 4,297,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
|---|---|---|
| Fresh Issue | 4,137,000 | 57.92 |
| Offer for Sale (OFS) | 1,60,000 | 2.24 |
#7. LawSikho (Addictive Learning Technology Limited) Financials Overview (in Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| Total Revenue | 3,353.43 | 1,857.29 | 677.77 |
| Net Worth | 206.30 | -40.82 | -1.75 |
| Profit | 247.13 | -49.07 | -0.54 |
| Total Borrowings | 15.73 | – | – |
#8. LawSikho (Addictive Learning Technology Limited) Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|
| EPS (Rs.) | 4.94 | -0.98 | -0.01 |
| RoNW (%) | 119.79 | -120.22 | -31.17 |
| NAV (Rs.) | 474.79 | 187.55 | -37.11 |
#9. LawSikho (Addictive Learning Technology Limited) Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | EPS (Rs.) |
|---|---|---|---|
| CL Educate | 1,330.75 | 4.96 | 2.41 |
| Career Point | 2,219.35 | 4.96 | 12.20 |
#10. LawSikho (Addictive Learning Technology Limited) Company Promoters
The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
|---|---|
| 01. | Ramanuj Mukherjee |
| 02. | Abhyudaya Sunil Agarwal |
#11. LawSikho (Addictive Learning Technology Limited) IPO Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
|---|---|
| Pre-issue | 92.27 |
| Post-issue | 67.27 |
#12. LawSikho (Addictive Learning Technology Limited) IPO Reservation Details
LawSikho (Addictive Learning Technology Limited) IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
|---|---|
| Retail Individual Investor (RII) | Not less than 35% of the issue size |
| QIB Shares Offered | Not more than 50% of issue size |
| NII (HNI) Shares Offered | Not less than 15% of issue size |
#13. LawSikho (Addictive Learning Technology Limited) IPO – Lot Size
An investor can apply for a minimum of 1000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min.) | 1 | 1000 | 1,40,000 |
| Retail (Max.) | 1 | 1000 | 1,40,000 |
| HNI (Min.) | 2 | 2000 | 2,80,000 |
| HNI (Max.) | – | – | – |
#14. LawSikho (Addictive Learning Technology Limited) IPO – Prospectus Copy
An investor can download/view the LawSikho (Addictive Learning Technology Limited) IPO prospectus copy, which the company filed to SEBI, details are as follows.
| LawSikho IPO (Addictive Learning Technology Limited) IPO Prospectus |
|---|
| Draft Red Herring Prospectus (DHRP) |
| Red Herring Prospectus (RHP) |
#15. LawSikho (Addictive Learning Technology Limited) IPO Registrar
Maashitla Securities Private Limited
Phone No.: +91-22-45121795
E-Mail: ipo@maashitla.com
Website: www.maashitla.com
#16. LawSikho (Addictive Learning Technology Limited) IPO Lead Manager
Narnolia Financial Services Limited
Phone No.: +91-8130678743
E-Mail: pankaj.passi@narnolia.com
Website: www.narnolia.com
#17. LawSikho (Addictive Learning Technology Limited) IPO Application (How to Apply for an IPO)
There are three primary options for applying for a LawSikho (Addictive Learning Technology Limited) IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Addictive Learning Technology Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Addictive Learning Technology Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. LawSikho (Addictive Learning Technology Limited) Company Details
Addictive Learning Technology Limited
Registered Office: Unit No 334 Plot No 12, 3rd Floor Road No-44 Vardhaman, Big V Plaza Pitampura, Landmark M2K, City Delhi-110034
Phone No: +91-124-4143608
Email: compliance@lawsikho.in
Website: www.lawsikho.com
Investor Grievances/Compliance Officer: Komal Shah
#19. LawSikho (Addictive Learning Technology Limited) Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
|---|---|
| 01. | DatalsGood Edutech Private Limited |
| 02. | – |
#20. LawSikho (Addictive Learning Technology Limited) Company Board (Top 2)
| Sr. No. | Name of Directors |
|---|---|
| 01. | Ramanuj Mukherjee |
| 02. | Abhyudaya Sunil Agarwal |
LawSikho (Addictive Learning Technology Limited) IPO – Frequently Asked Questions (FAQs)
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#1. What is LawSikho (Addictive Learning Technology Limited) IPO? LawSikho (Addictive Learning Technology Limited) brings its IPO of Rs.60.16 Crore, on January 19, 2024, with a price band of Rs.130 to Rs.140 per share. |
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#2. What is the LawSikho (Addictive Learning Technology Limited) IPO Open date? LawSikho (Addictive Learning Technology Limited) IPO’s opening date is January 19, 2024. |
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#3. What is the LawSikho (Addictive Learning Technology Limited) IPO Close Date? LawSikho (Addictive Learning Technology Limited) IPO’s closing date is January 23, 2024. |
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#4. What is the LawSikho IPO (Addictive Learning Technology Limited) IPO Listing date? LawSikho (Addictive Learning Technology Limited)’s IPO listing date is January 29, 2024. |
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#5. What is the LawSikho (Addictive Learning Technology Limited) IPO Minimum investment amount? LawSikho (Addictive Learning Technology Limited) IPO’s minimum investment amount is Rs.1,40,000. |
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#6. What is the LawSikho (Addictive Learning Technology Limited) IPO offer issue Size? LawSikho (Addictive Learning Technology Limited) offers an issue size of Rs.60.16 Crore. |
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#7. What is the LawSikho (Addictive Learning Technology Limited) IPO Price Band? LawSikho (Addictive Learning Technology Limited)’s IPO price band is Rs.130 to Rs.140 per share. |
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#8. Is LawSikho (Addictive Learning Technology Limited) IPO mainboard IPO or SME IPO? LawSikho (Addictive Learning Technology Limited) IPO is an SME IPO. |
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