Addictive Learning Technology SME IPO
Basic information about the company: Incorporated in September 2017, Addictive Learning Technology has carved a niche in the education technology sector. The company focuses on empowering senior and mid-career professionals and young professionals through comprehensive upskilling and career services. Diverse Course Offerings
Addictive Learning Technology operates under three distinct brands: LawSikho, Skill Arbitrage, and Dataisgood. The company provides courses and training programs covering a spectrum of fields, including Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science. Global Career Opportunities
One notable feature of the company's portfolio is its international bar exam courses. For instance, Indian lawyers aspiring to practice in Canada can benefit from the Canadian Barrister & Solicitor and NCA exams preparation. Similarly, the company offers courses for Indian lawyers seeking qualification as solicitors in England and Wales through the Solicitors' Qualifying Exam (SQE). Additionally, aspiring legal professionals in the United States can prepare for the California Bar Exam. Accreditation and Recognition
Addictive Learning Technology's courses hold accreditation from the National Skill Development Corporation (NSDC), a Public-Private Partnership under the Ministry of Skill Development and Entrepreneurship of the Government of India. Successful completion of these courses results in learners receiving certificates co-branded by NSDC and Skill India. IPO Objectives
The Addictive Learning Technology SME IPO has outlined specific objectives for the proceeds, including:
Meeting expenses for identified acquisitions.
Investment in technology to enhance learning platforms.
Branding and marketing expenses to expand market reach.
Addressing working capital requirements.
General corporate purposes.
Promoter Holding
The driving force behind Addictive Learning Technology is the partnership of Mr Ramanuj Mukherjee and Mr Abhyudaya Sunil Agarwal. Their pre-issue shareholding stands at 92.27%, which will reduce to 67.27% post the IPO.
IPO Details
IPO Dates: January 19 to January 23, 2024
Price Band: ₹133 to ₹140 per share
Lot Size: 1,000 Shares
Total Issue Size: ₹60 Crores
Amount Per Lot: ₹1,40,000
Grey Market Premium (GMP): +50% (Provided for informational purposes only)
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