Addictive Learning Technology IPO: Check Out Price Band, Reserve Portion & More

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by Sandip Das on 19 January 2024,  5 min read

Addictive Learning Technology IPO: Check Out Price Band, Reserve Portion & More - MyDhanush Blogs by Ashika
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Addictive Learning Technology IPO opened for subscription on January 19, 2024. The IPO will close on January 23, 2024. The IPO’s price band is set at Rs 140 per share. Addictive Learning Technology Limited IPO lot size consists of 1,000 shares. Investors can bid for a minimum of 1,000 shares and in multiples thereof.

About the company

Addictive Learning Technology Limited, an educational technology platform, primarily provides career services and upskilling opportunities to mid-career and senior professionals, with occasional offerings for young professionals as well.

Price Band

The company has set the IPO price band at Rs 140 per share.

Also read: Konstelec Engineers IPO: Check Out Lot Size, Minimum Bid Amount & More

Issue Size

The IPO consists of an entirely fresh equity issue of 42.97 lakh shares, accompanied by an offer for sale of 1.6 lakh shares.

Company Financials
Particulars Period ended August 31, 2023 Year ended March 31, 2023
Revenue from operation Rs 2482.36 lakhs Rs 3353.43 lakhs
Profit after Tax Rs 315.96 lakhs Rs 247.13 lakhs
IPO Reserve Portion
  • Qualified Institutional Buyers: 7,94,000 or 18.48 percent
  • Non-institutional investors: 5,99,000 or 13.94 percent
  • Retail Investors: 13,95,000 or 32.47 percent
  • Anchor Investors: 11,92,000 or 27.75 percent.
Objectives of the Issue

The company will utilize the net proceeds from the public offer to fund acquisitions, invest in technology, develop new courses, meet working capital requirements, and address general corporate purposes.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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