Addictive Learning Technology Limited IPO: Price Band, GMP, Lot Size
Addictive Learning Technology Limited IPO
Addictive Learning Technology IPO: Unleashing Educational Innovation on the Stock Market
In a notable development within the educational technology sector, Addictive Learning Technology, operating under the renowned brand LawSikho, is gearing up for its Initial Public Offering (IPO), set to commence on January 19.
LawSikho stands as a prominent player in the edtech space, distinguishing itself by providing upskilling and career services primarily designed for senior and mid-career professionals.
Despite its core focus on seasoned individuals, the platform also extends its educational offerings to cater to the needs of young professionals, ensuring a diversified and inclusive approach to learning.
IPO Details and Financial Landscape
The IPO, amounting to Rs 60.16 crore, presents a compelling investment opportunity for those eyeing the promising edtech industry.
With a per-share price band of Rs 130-140, investors have the flexibility to bid in lot sizes of 1000 shares. The offering encompasses 41.37 lakh new shares, valued at Rs 57.92 crore, and an additional 1.6 lakh shares, worth Rs 2.24 crore, offered for sale.
Investors keen on capitalizing on the burgeoning edtech trend have until January 23 to participate in the IPO.
The distribution strategy of shares within the IPO earmarks 50 percent for qualified institutional buyers (QIBs), 35 percent for retail investors, and the remaining 15 percent for non-institutional investors.
This balanced allocation aims to ensure widespread participation across various investor segments, contributing to a robust market reception.
As for the promoters, Ramanuj Mukherjee and Abhyudaya Sunil Agarwal, they currently hold a substantial 92.27% stake in the company, underscoring their commitment and confidence in the growth prospects of Addictive Learning Technology.
The company’s financial landscape, coupled with its impressive stakeholder backing, sets a promising stage for potential investors considering participation in the IPO.
The book running lead manager steering the IPO is Narnolia Financial Services Ltd, known for its expertise in financial markets and strategic advisory services.
Additionally, Maashitla Securities Private Limited has been appointed as the registrar, responsible for overseeing the IPO process and ensuring seamless coordination between various stakeholders.
Timeline and Listing
With the IPO slated to close on January 23, the anticipation surrounding Addictive Learning Technology’s stock market debut is palpable. Following the closure of the IPO, the company’s shares are scheduled to be listed on the National Stock Exchange (NSE) SME platform on January 29. This timeline positions the IPO as a noteworthy event to kickstart the new year in the financial markets.
Educational Offerings Across Three Brands
What sets Addictive Learning Technology apart is its comprehensive suite of educational offerings, delivered under three distinct brands – LawSikho,
Skill Arbitrage, and DataIsGood. These brands collectively cover a wide spectrum of subjects, including law, finance, compliance, human resources, business consulting, artificial intelligence, content writing, and data science.
The diverse range of courses caters to the evolving demands of professionals seeking to enhance their skills and stay abreast of industry trends.
Under the LawSikho brand, the platform provides specialized courses in law, reflecting its commitment to delivering high-quality legal education.
Skill Arbitrage addresses the need for skill development in areas such as finance, compliance, and human resources, offering a practical and industry-focused approach to learning.
DataIsGood, the third brand, capitalizes on the increasing demand for expertise in artificial intelligence and data science, providing courses that empower individuals with the knowledge and skills required in these rapidly evolving fields.
The company’s proactive approach extends to offering courses tailored for the International Bar Exam, further reinforcing its commitment to providing globally relevant education.
This multi-faceted approach positions Addictive Learning Technology as a versatile player in the edtech landscape, catering to the diverse learning needs of professionals across industries.
Grey Market Premium and Market Sentiment
As the IPO announcement gained traction, the grey market witnessed a surge in the premium attached to Addictive Learning Technology’s shares.
Trading at a premium of Rs 125, reflecting an 89.29% increase on the upper price band, this development in the grey market signals positive market sentiment and heightened investor interest.
The premium not only underscores the perceived value of the company but also hints at the potential demand for its shares once listed on the stock exchange.
Implications for the EdTech Sector and Beyond
The Addictive Learning Technology IPO holds implications beyond its individual financial prospects. It symbolizes the growing prominence of the educational technology sector in the investment landscape.
The edtech industry, catalyzed by the digital transformation of education and increased demand for online learning, has witnessed significant growth in recent years.
The IPO serves as a testament to the resilience and innovation characterizing companies within this sector.
Investors and market observers keen on the evolution of the edtech landscape will likely scrutinize the Addictive Learning Technology IPO as an indicator of broader market trends.
The success of this offering may encourage other edtech firms to explore public listings, contributing to the sector’s maturation and expansion.
Final Remarks
In summary, Addictive Learning Technology’s IPO under the brand name LawSikho presents a compelling opportunity for investors seeking exposure to the dynamic edtech sector.
With a robust financial profile, a diverse portfolio of educational offerings, and a strategic distribution strategy within the IPO, the company is well-positioned for a successful market debut.
The premium in the grey market further accentuates positive market sentiment, setting the stage for a noteworthy entry into the stock market.
As the IPO unfolds, market participants will closely monitor the response, providing insights into investor appetite for edtech stocks and the broader trajectory of the sector in the evolving landscape of digital education.
