Lawsikho SME IPO: Check price band, GMP, financials, risks and listing date

Addictive Learning Technology (Lawsikho) is set to debut on the stock market with an initial public offering (IPO) valued at Rs 60.16 crore. The subscription period for this offering, comprising a combination of fresh issue and offer-for-sale, will commence on January 19 and conclude on January 23.

Positioned as a professional upskilling and career services ed-tech platform, Addictive Learning Technology primarily targets senior, mid-career, and young professionals. The company distinguishes itself through an array of upskilling courses and training programs spanning diverse domains such as law, finance, compliance, human resources, business consulting, artificial intelligence, content writing, and data science.

These offerings are delivered through three distinct brands: LawSikho, Skill Arbitrage, and Dataisgood. Investors and market participants are closely watching the IPO, anticipating its impact on the edtech sector.

Issue size

The offer comprises a fresh issue of 41.37 lakh shares worth Rs 57.92 crore and an offer-for-sale of 1.6 lakh shares totalling Rs 2.24 crore.

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Price band

The price band for the offer has been fixed at Rs 133-140 per share.

Lot size

Investors can bid for a minimum of 1,000 equity shares and in multiples thereof.

Financial performance of Lawsikho

Addictive Learning Technology (Lawsikho) showcased a notable financial performance in the fiscal year 2023, reporting a robust net profit of Rs 2.47 crore. This marked a significant turnaround from the preceding fiscal year, FY22, which had witnessed a loss of Rs 49 lakh.

The company’s revenue from operations experienced a noteworthy surge, registering an impressive 80 % increase to reach Rs 33.53 crore during the same reporting period. These financial metrics underscore the company’s positive trajectory and resilience, garnering attention in the financial markets.

Analysts and investors are closely monitoring this shift in performance as Lawsikho positions itself for potential market expansion.

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Objectives of Lawsikho IPO

The forthcoming initial public offering (IPO) from Addictive Learning Technology (Lawsikho) is earmarked to allocate proceeds towards a multifaceted strategy. These funds are designated for covering expenses associated with both unidentified and identified acquisitions, investing in technological enhancements, developing new courses, bolstering branding and marketing efforts, and addressing the company’s working capital requirements.

The residual funds will be earmarked for general corporate purposes, reflecting a comprehensive approach to fortifying Lawsikho’s market position.

Promoters of the Company:

Driving the helm at Addictive Learning Technology are its promoters, Ramanuj Mukherjee and Abhyudaya Sunil Agarwal. Their leadership underscores the strategic vision guiding the company’s trajectory in the dynamic edtech landscape.

Lead Managers:

Narnolia Financial Services has assumed the crucial role of the book-running lead manager for the Lawsikho IPO. In tandem, Maashitla Securities has been appointed as the registrar overseeing the administrative facets of the IPO. Market makers entrusted with facilitating the issue are Ss Corporate Securities and Prabhat Financial Services, signalling a collaborative effort to ensure a seamless market entry for Lawsikho.

Grey Market Premium of Lawsikho IPO

In the informal sphere known as the grey market, where shares are traded well in advance of the official listing, Lawsikho’s stock has been commanding a substantial 117% premium. This unregulated market serves as a precursor to the formal allotment and listing, offering investors a glimpse into potential valuation dynamics. Investors keenly monitor the Grey Market Premium (GMP), a figure known for its volatile fluctuations, as it provides a preliminary insight into the anticipated listing price.

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Listing Date of Lawsikho IPO

Lawsikho is slated for listing on the NSE SME platform, with a tentative listing date set for January 29. This milestone marks a crucial juncture for the edtech company, as it transitions from the pre-listing anticipation phase to the active trading realm. Market participants are eagerly awaiting the listing date, with expectations and speculations surrounding Lawsikho’s market debut on the NSE SME.

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