The Lawsikho date has been confirmed from January 19, 2024 and closes on January 24, 2024.
Lawsikho Developers IPO is a fixed price issue of Rs 60.16 crores. The price band is set at ₹130 to ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
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Bidding Dates
January 19-24
Price Range
₹130 to ₹140 per share
Face Value
₹10 per share
GMP
₹175
Lawsikho IPO GMP
The Lawsikho IPO GMP is ₹175.
IPO Overview
The Lawsikho IPO is a book-built offering for Rs 60.16 crores. The offering consists of a fresh issue of 41.37 lakh shares worth Rs 57.92 crores and an offer for sale of 1.6 lakh shares worth Rs 2.24 crores. The Lawsikho IPO goes on sale on January 19, 2024, and closes on January 23, 2024. The Lawsikho IPO allotment is expected to be completed on Wednesday, January 24, 2024. The Lawsikho IPO will be listed on the NSE SME, with a tentative listing date of Monday, January 29, 2024.
The pricing range for the Lawsikho IPO is set at 130 to 140 per share. A lot size of 1000 shares is required for an application. Retail investors must make a minimum commitment of ₹140,000. For HNI, the minimum lot size investment is two lots (2,000 shares) totaling ₹280,000.
Lawsikho IPO Details
| IPO Date | January 19, 2024 to January 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 4,297,000 shares (aggregating up to ₹60.16 Cr) |
| Fresh Issue | 4,137,000 shares (aggregating up to ₹57.92 Cr) |
| Offer for Sale | 160,000 shares of ₹10 (aggregating up to ₹2.24 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,772,732 |
| Share holding post issue | 15,909,732 |
| Market Maker portion | 316,000 shares |
Addictive Learning Technology Limited Financial Information
| Period Ended | 31 Aug 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,324.95 | 920.64 | 103.11 | 65.05 |
| Revenue | 2,482.36 | 3,354.47 | 1,859.34 | 677.77 |
| Profit After Tax | 315.96 | 247.13 | -49.07 | -0.54 |
| Net Worth | 522.27 | 206.30 | -40.82 | -1.75 |
| Reserves and Surplus | 512.17 | 196.20 | -50.92 | -1.85 |
| Total Borrowing | 15.73 |
Lawsikho IPO Timeline
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Tuesday, January 23, 2024 |
| Basis of Allotment | Wednesday, January 24, 2024 |
| Initiation of Refunds | Thursday, January 25, 2024 |
| Credit of Shares to Demat | Thursday, January 25, 2024 |
| Listing Date | Monday, January 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 23, 2024 |
Company Profile
Addictive Learning Technology Limited, founded in September 2017, is an educational technology platform that primarily serves senior and mid-career professionals, as well as some young professionals, by providing upskilling and career services. Individuals can develop their abilities by taking courses and participating in training programmes offered by the organisation. Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science are all covered by the company’s three brands:
LawSikho, Skill Arbitrage, and Dataisgood. The firm also provides international bar exam preparation classes, such as
- CANADA BAR EXAM: Indian lawyers who wish to practise in Canada must pass the Canadian Barrister & Solicitor Exam and the NCA exam.
- UK SOLICITOR QUALIFICATION EXAM: Indian lawyers can now train to qualify as solicitors in England and Wales by passing the solicitors’ qualifying exam (SQE).
- CALIFORNIA BAR EXAM: How to successfully pass the California Bar Exam and begin practising law in the United States.
The National Skill Development Corporation (NSDC), a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India, has accredited the company’s courses. Learners who successfully complete their selected course are issued a certificate co-branded by NSDC and Skill India. As of October 2023, the company employed 145 full-time employees and 444 full-time professionals/consultants.
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | ipo@maashitla.com |
| Website | maashitla.com |
Contact Details
| Name | Addictive Learning Technology Limited |
| Phone number | +91 124 4143608 |
| Email ID | compliance@lawsikho.in |
| Website | lawsikho.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
