Addictive Learning Technology was incorporated on September 12, 2017. The company is a professional upskilling and career services edtech platform that caters primarily to senior & mid-career professionals, and in some cases to young professionals as well. The company offers a comprehensive range of professional upskilling courses and training programs which include law, finance, compliance, human resources, business consulting, artificial intelligence, content writing and data science through three distinct brands LawSikho, Skill Arbitrage and Dataisgood.
| Bidding Dates |
|---|
| 19 Jan 2024 - 24 Jan 2024 |
| Subscription |
|---|
| 245.34x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,000 | 1 | 1 | 1000 | 4.3 M | ₹130 - ₹140 | 66.07 % | ₹558.6 M - ₹601.6 M | RHP DOC |
Addictive Learning IPO SUBSCRIPTION STATUS
24 Jan '24Addictive Learning IPO overall subscription rate was 245.34 times the total available shares
Addictive Learning IPO retail subscription rate was 387.29 times in the retail segment
Addictive Learning IPO non-institutional investor subscription rate was 533.68 times in the non-institutional investor category
Addictive Learning IPO Qualified Institutional Bidder subscription rate was 59.47 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
24 Jan 2024 (Day 3) | 387.29x | 533.68x | 59.47x |
23 Jan 2024 (Day 2) | 213.34x | 122.56x | 5.65x |
19 Jan 2024 (Day 1) | 41.06x | 26.59x | 3.4x |
Addictive Learning FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 5MFY24 | 31.6 | 248.2 | 30.7 | 30.2 | 19.7% |
| FY23 | 24.7 | 335.3 | 13.9 | 12.4 | 10.0% |
| FY22 | -4.9 | 185.7 | -2.1 | -3.6 | -2.4% |
| FY21 | -0.1 | 67.8 | 4.6 | 4.0 | 0.3% |
Addictive Learning IPO SUBSCRIPTION STATUS DETAILS
Addictive Learning had 4.3 M shares on offer
Addictive Learning IPO offer price was in the range ₹130 - ₹140
Addictive Learning IPO minimum Investment was ₹130000
Addictive Learning IPO issue size was ₹ 558.6 M - ₹ 601.6 M
Addictive Learning had a minimum lot size of 1000 Shares per application
Addictive Learning NUMBER OF SHARES ON OFFER
Addictive Learning IPO IMPORTANT DATES
| Issue Open Date | 19 Jan 2024 |
| Issue close Date | 24 Jan 2024 |
| Allotment Date | 25 Jan 2024 |
| Refund Date | 29 Jan 2024 |
| Demat Account Credit Date | 29 Jan 2024 |
| Listing Date | 30 Jan 2024 |
| Listing on Exchange(s) | NSE |
| Addictive Learning Allotment Status | Exchange |
Addictive Learning IPO subscription opened on 19 Jan 2024, and closed on 24 Jan 2024
IPO allotment for Addictive Learning was finalized on Thursday, 25 Jan 2024
IPO listing for Addictive Learning was on NSE on Tuesday, 30 Jan 2024
Addictive Learning IPO LISTING GAINS
| Issue Price (adjusted) | 140.0 |
| Listing Open Price | 310.0 |
| Listing Close Price | 294.5 |
| Listing Gain% | 121.4% |
| Current Gain% | -71.3% |
Addictive Learning Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Addictive Learning Technology Ltd. | 40.2 | 63.9 | 62.8 | -0.7 | 0.8 | 1.3 | 1 | 75.8 | -2.9 | 1 | -89.6 | 0.6 | -89.6 |
| Physicswallah Ltd. | 131.6 | 38172.8 | -1697.3 | -18.9 | 9.8 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 242.8 | 3350.6 | 13.1 | 0.7 | 1.6 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Crizac Ltd. | 188 | 3289.3 | 14.9 | 0.4 | 3.2 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Shanti Educational Initiatives Ltd. | 202.3 | 3259 | 553.1 | -33.4 | 58.6 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Mobavenue AI Tech Ltd. | 304 | 2280.4 | 92.4 | 0 | 12.8 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
Addictive Learning IPO Reports
Addictive Learning INFORMATION ON IPO ISSUE
About Addictive Learning
Addictive Learning Technology was incorporated on September 12, 2017. The company is a professional upskilling and career services edtech platform that caters primarily to senior & mid-career professionals, and in some cases to young professionals as well. The company offers a comprehensive range of professional upskilling courses and training programs which include law, finance, compliance, human resources, business consulting, artificial intelligence, content writing and data science through three distinct brands LawSikho, Skill Arbitrage and Dataisgood.
Object of the Issue
- To meet the expenses for unidentified acquisition 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 & 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
Addictive Learning - PROMOTERS
| Name |
|---|
| Ramanuj Mukherjee |
| Abhyudaya Sunil Agarwal |
Addictive Learning Lead Manager to the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Addictive Learning Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Addictive Learning Strengths
Synergistic AI integration
The company's strength comes from its AI-based business approach, which seamlessly combines artificial intelligence with effective teaching methods. Its business is firmly rooted in the synergy between AI technology that makes the processes more scalable, provides guardrails for human operators and a personalized human touch
Diversified courses library
The company's strength lies in its diverse collection of courses. It offers a wide range of courses on various topics, industries, and skill levels. This helps it meet the different learning needs of the students all in one place
Strategic collaboration
Tie-ups with NSDC represent a significant business strength within the company's framework. These collaborations amplify the ability to provide skill-focused education and training that aligns with industry demands
Addictive Learning Risks
Outstanding litigation
There is outstanding litigation pending against the promoters which, if determined adversely, could affect the business, results of operations and financial condition
Negative cash flows
The company has negative cash flows from its investing and its financing activities in the current and previous years. Sustained negative cash flow could impact the growth and business
Fragmented and competitive market
The company operates in a significantly fragmented and competitive market and any failure on its part to effectively compete may adversely affect the profitability and market share
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2.2 crore, of 160,000 shares. It also consists of a fresh issue of Rs 57.9 crore.
The promoters of the company are Ramanuj Mukherjee and Abhyudaya Sunil Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 130.0 - 140.0.
The IPO application opens on Jan 19, 2024 and closes on Jan 24, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Jan 25, 2024.
The refund will be credited to your account on Jan 29, 2024.
The allotted shares will be credited to your demat on Jan 29, 2024.
Addictive Learning Technology Ltd.’s shares listed on the stock exchanges on Jan 30, 2024.