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Lawsikho IPO is a book built issue of Rs 60.16 crores. The issue is a combination of fresh issue of 41.37 lakh shares aggregating to Rs 57.92 crores and offer for sale of 1.6 lakh shares aggregating to Rs 2.24 crores.
Lawsikho IPO bidding started from January 19, 2024 and ended on January 24, 2024. The allotment for Lawsikho IPO was finalized on Thursday, January 25, 2024. The shares got listed on NSE SME on January 30, 2024.
Lawsikho IPO price band is set at ₹133 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.
Narnolia Financial Services Ltd is the book running lead manager of the Lawsikho IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Lawsikho IPO are Ss Corporate Securities and Prabhat Financial Services.
Refer to Lawsikho IPO RHP for detailed information.
| IPO Date | January 19, 2024 to January 24, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹133 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 Ss Corporate Securities Prabhat Financial Services |
Lawsikho IPO offers 4,296,000 shares. 794,000 (18.48%) to QIB, 599,000 (13.94%) to NII, 1,395,000 (32.47%) to RII and 1,192,000 (27.75%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,192,000 (27.75%) |
| Market Maker Shares Offered | 316,000 (7.36%) |
| QIB Shares Offered | 794,000 (18.48%) |
| NII (HNI) Shares Offered | 599,000 (13.94%) |
| Retail Shares Offered | 1,395,000 (32.47%) |
| Total Shares Offered | 4,296,000 (100%) |
Lawsikho IPO raises Rs 16.69 crore from anchor investors. Lawsikho IPO Anchor bid date is January 18, 2024. Lawsikho IPO Anchor Investors list
| Bid Date | January 18, 2024 |
| Shares Offered | 1,192,000 |
| Anchor Portion Size (In Cr.) | 16.69 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 24, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 24, 2024 |
Lawsikho IPO opens on January 19, 2024, and closes on January 24, 2024.
| IPO Open Date | Friday, January 19, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr Ramanuj Mukherjee and Mr Abhyudaya Sunil Agarwal.
| Share Holding Pre Issue | 92.27% |
| Share Holding Post Issue | 67.27% |
Incorporated in September 2017, Addictive Learning Technology Limited is an educational technology platform that primarily caters to senior and mid-career professionals, and sometimes young professionals, providing upskilling and career services.
The company offers courses and training programs to help individuals advance their skills. The company covers Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science under three different brands: LawSikho, Skill Arbitrage, and Dataisgood.
The company also offers international bar exam courses, such as
CANADA BAR EXAM: Indian lawyers who want to practice in Canada must pass the Canadian Barrister & Solicitor Exam and 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 company's courses are accredited by the National Skill Development Corporation (NSDC), a PPP under the Ministry of Skill Development and Entrepreneurship of the Government of India. Upon successful completion of their chosen course, the learners are awarded a certificate that is co-branded by NSDC and Skill India.
As of October 2023, the company employs 145 full-time employees and 444 full-time professionals/consultants providing their services.
Addictive Learning Technology Limited's revenue increased by 80.41% and profit after tax (PAT) rose by 603.63% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | |||
| Amount in ₹ Lakhs | ||||
The market capitalization of Lawsikho IPO is Rs 222.74 Cr.
| KPI | Values |
|---|---|
| ROE | 119.79% |
| ROCE | 157.53% |
| Debt/Equity | 0.08 |
| RoNW | 119.79% |
| P/BV | 0.29 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.1 | 4.77 |
| P/E (x) | 66.69 | 29.37 |
The objects of the Issue are:-
[Dilip Davda] The company that started with Law courses is now heading for diverse online courses that included online training/ placement and resolution in faster mode at economical rates. The future trends are indicated by its performance for the last 18 months. It has now become a global player and is expanding its footprints. Though based on its annualized FY24 earnings, the issue appears fully priced, considering current trends, investors may park funds for the medium to long term rewards. Read detail review...
The Lawsikho IPO is subscribed 273.12 times on January 24, 2024 7:30:00 PM. The public issue subscribed 301.71 times in the retail category, 116.27 times in the QIB category, and 414.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 116.27 |
| NII | 414.44 |
| Retail | 301.71 |
| Total | 273.12 |
Total Application : 420,885 (301.71 times)
| Listing Date | January 30, 2024 |
| BSE Script Code | |
| NSE Symbol | LAWSIKHO |
| ISIN | INE0RDH01021 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹140.00 |
| ₹310.00 |
| ₹294.50 |
| ₹320.00 |
| ₹294.50 |
Addictive Learning Technology Limited
Unit No 334 Plot No 12,
3rd Floor Road No-44 Vardhaman, Big V Plaza
Pitampura, Landmark M2K, City Delhi- 110034
Phone: +91 124 4143608
Email: compliance@lawsikho.in
Website: https://lawsikho.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Check our SME IPO Guide 
Lawsikho IPO is a SME IPO of 4,297,000 equity shares of the face value of ₹10 aggregating up to ₹60.16 Crores. The issue is priced at ₹133 to ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on January 19, 2024, and closes on January 24, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lawsikho IPO using UPI as a payment gateway. Zerodha customers can apply in Lawsikho IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lawsikho IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lawsikho IPO opens on January 19, 2024 and closes on January 24, 2024.
Lawsikho IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Lawsikho IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lawsikho IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Monday, January 29, 2024. Check the Lawsikho IPO allotment status.
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