Addictive Learning Technology Limited IPO is set to launch on 19 January, 2023. The company initiated its business operations in the year 2017. It is an educational platform for upskilling and career services. The company caters to young professionals, senior to mid career professionals. The subjects covered by the firm include Finance, Law, Human Resources, Compliance, Artificial Intelligence, Business consulting, data sciences, content writing etc. It has three brands under which these subject programs are run : Skill Arbitrage, Lawsikho, Data Is Good. The company also offers international BAR exams under its exam courses for Canada BAR Exam, UK SOLICITOR QUALIFICATION EXAM and CALIFORNIA BAR EXAM. It has 145 full time employees and 444 professionals providing their services.
Addictive Learning Technology Limited IPO DETAILS
Addictive Learning Technology Limited IPO is set to launch on 19 January, 2023. The subscription timeline extends till 23 January, 2023. The size for the IPO is 60.16 Crore Rs. Shares issued through fresh issue mode are worth 57.92 Crore Rs. Shares issued through offer for sale mode are worth Rs 2.24 Crore. The lot size is 1000 shares and the price is 130 Rs to 140 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Narnolia Financial Services Limited.
Tabular Description of Addictive Learning Technology Limited IPO
| IPO OPENING DATE | 19 January, 2023 |
| CLOSING DATE FOR IPO | 23 January, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 130 Rs to 140 Rs per share |
| LOT SIZE | 1000 shares |
| MINIMUM ORDER QUANTITY | 1000 shares |
| ISSUE SIZE | 60.16 Crore Rs. |
| OFFER FOR SALE | 2.24 Crore Rs. |
| FRESH ISSUE | 57.92 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 29 January, 2023 |
Addictive Learning Technology Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 19 January, 2023 |
| CLOSING DATE FOR IPO | 23 January, 2023 |
| IPO ALLOTMENT DATE | 24 January, 2023 |
| REFUNDS | 25 January, 2023 |
| DEMAT A/C CREDITED ON | 25 January, 2023 |
| IPO LISTING DATE | 29 January, 2023 |
Addictive Learning Technology Limited IPO begins for subscription from 19 January 2023. The IPO subscription would continue till 23 January, 2023. The allotment status for the shareholders who applied would come on 24 January, 2023. The refunds for the ones who did not get allotment would be initiated on 25 January, 2023. The DEMAT accounts of shareholders would be credited on 25 January, 2023. The listing of the company would be completed on 29 January, 2023.
Addictive Learning Technology Limited IPO : Lead Managers
The lead managers are :
- Maashithla Securities Private Limited
The minimum lot size for the company is decided at 1000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 2000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1000 shares | 140000 Rs. |
| Maximum | 2000 shares | 280000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 65 | 103 | 920 |
| Revenue | 677 | 1859 | 3354 |
| PAT | (-0.54) | (-49.07) | 247 |
Addictive Learning Technology Limited had an asset base of 65 Lakh Rs in 2021. This increased to 103 Lakh Rs in 2022. The asset base of the company jumped to 920 Lakh Rs in 2023. The revenue of the firm was 677 Lakh Rs in 2021. This increased to a mega 1859 Lakh Rs in 2022 and 3354 Lakh Rs in 2023. The company made a loss of 54000 Rs in 2021. The loss increased to 49 Lakh Rs in 2022. However in the year 2023 the company made a profit of 247 Lakh Rs.
PROS
- The company caters to young professionals, senior to mid career professionals.
- The subjects covered by the firm include Finance, Law, Human Resources, Compliance, Artificial Intelligence, Business consulting, data sciences, content writing etc. It has three brands under which these subject programs are run : Skill Arbitrage, Lawsikho, Data Is Good.
- The company also offers international BAR exams under its exam courses for Canada BAR Exam, UK SOLICITOR QUALIFICATION EXAM and CALIFORNIA BAR EXAM.
- It has 145 full time employees and 444 professionals providing their services.
Addictive Learning Technology Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Addictive Learning Technology Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
