Addictive Learning Technology IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO is 1,000 shares .

IPO Details

Bidding Dates

18 Jan '24 - 22 Jan '24

Minimum Investment

₹140,000 / 1 Lots ( 1000 Shares )

Price Range

₹133 - ₹140

Maximum Investment

₹140,000 / 1 Lots ( 1000 Shares )

Retail Discount

To be announced

Issue Size

₹60.16 Cr

Investor category and sub category

Qualified Institutional Buyer | Non-Institutional Buyers | Retail Investors |

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 18, 2024

IPO Closing Date

Jan 22, 2024

Basis of Allotment

Jan 23, 2024

Initiation of Refunds

Jan 24, 2024

Credit of Shares to Demat Account

Jan 24, 2024

IPO Listing Date

Jan 28, 2024

Cut-off time for UPI mandate confirmation

Jan 22, 2024

About Company

Addictive Learning Technology is a professional upskilling and career services ed-tech platform which caters primarily to senior mid-career and young professionals. It offers a comprehensive range of professional upskilling courses through three distinct brands LawSikho, Skill Arbitrage and Dataisgood.

These brands offer courses in legal upskilling, foreign bar exam training, finance, compliance, data science, etc. Their courses consist of recorded videos or textual documents followed by automated quizzes. One of their major focus areas is to help learners find career opportunities in the international market remotely.

The global ed-tech and smart classroom market size is projected to grow from $133.55 billion in 2023 to $433.17 billion by 2030, exhibiting a CAGR of 18.3% during the forecast period. In 2023, the global legal services market is projected to have recovered and reach roughly $840 billion. Therefore, the rising demand for digital learning in the legal world at a global scale can help the company grow in the future.

Addictive Learning Technology Ltd IPO Details

Addictive Learning Technology Ltd IPO Date

The dates for bidding for the Addictive Learning Technology IPO are Friday, January 19, 2024 to Tuesday, January 23, 2024.

Addictive Learning Technology Ltd IPO Price Band

Addictive Learning Technology is a book-built IPO. The exact price range is ₹133 to ₹140 per share.

Addictive Learning Technology Ltd IPO Lot Size

The Addictive Learning Technology Ltd IPO lot size is 1,000 shares per lot.

Addictive Learning Technology Ltd IPO Objectives

The net proceeds from the issue are proposed to be utilised towards the following objects:

To meet the expenses for unidentified acquisitions for the company, In India or Abroad.
To meet the expenses for the 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.
To meet the issue expenses.

Peer Details

The following are the listed peer companies of Addictive Learning Technology in India:

Career Point Limited
CL Educate Limited

How To Check the Allotment Status of the Addictive Learning Technology Ltd IPO?

A: Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Addictive Learning Technology Ltd

Registered office: 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

E-mail: compliance@lawsikho.in

Company Financials

Financial year (₹ lakh)	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Total Income	3,354.47	1,859.34	677.77
Profit After Tax	247.13	49.07	0.54
Return on Capital Employed	157.53%	121.74%	-2.00%
Return on Equity	119.79%	120.22%	31.17%
Current Ratio	1.25	0.60	0.69

Know before investing

Strengths

The company’s strategy of integrating industry experts as teachers enhances the quality and relevance of education, bridging the gap between theory and practice.
Operating remotely across India allows access to a wider talent pool.
The company is looking to expand its pool of courses in the future to increase revenue.

Risks

The company has negative cash flows from its investing and financing activities in the current and previous years.
As they expand, they need to maintain the quality of their courses and keep up with the changes in the laws and regulations, making old courses slowly irrelevant.
92% of their revenue in FY24 came only from their legal education vertical. This shows a concentration of their revenue in a single vertical and highlights their challenges in expansion into other subjects.