Lawsikho IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 12, 2024Let’s have a detailed review of the company and analytics of the Lawsikho IPO release date, IPO offer price, subscription, Lawsikho Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 130 to Rs 140 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | January 29, 2024 |
| Offer for Sale | Rs 224 Lakh |
| Fresh Issue | Rs 5792 Lakh |
| IPO Size | Rs 6016 Lakh |
| Tick Size | 1 |
Lawsikho IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Lawsikho Share Price |
Lawsikho IPO – Summary
Their Company was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of “Addictive Learning Technology Private Limited” bearing Corporate Identification Number U74110DL2017PTC323508 dated September 12, 2017, issued by the Registrar of Companies, Delhi.
Subsequently, their Company was converted into a public limited company pursuant to a shareholders’ resolution passed at an Annual General Meeting held on Tuesday, 19th September 2023 and the name of their Company was changed to “Addictive Learning Technology Limited” and a fresh Certificate of Incorporation dated September 29, 2023, was issued by Registrar of Companies, Delhi.
The promoters of this company are RAMANUJ MUKHERJEE AND ABHYUDAYA SUNIL AGARWAL. The lead manager of the issue is NARNOLIA FINANCIAL SERVICES LIMITED, and the Registrar of this issue is MAASHITLA SECURITIES PRIVATE LIMITED.
Lawsikho IPO Date
The opening and closing dates of Lawsikho IPO are January 19, 2024, and January 23, 2024, respectively.
Lawsikho IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 19th Jan | ||||
| 2nd Day – 22nd Jan | ||||
| 3rd Day – 23rd Jan | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Lawsikho IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Lawsikho Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | January 24, 2024 |
| Refunds Initiation | January 25, 2024 |
| Credit of Shares to Demat Account | January 25, 2024 |
| Share Listing Date | January 29, 2024 |
Lawsikho IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 130 to Rs 140
Lawsikho IPO Equity Size
This Initial Public Issue of 4,297,000 Equity Shares of Rs.10 each for cash at a price of Rs 130 to Rs 140 per equity share aggregating to Rs.6016 Lakh.
Lawsikho IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,137,000 Equity Shares of Rs.10/ each.
Issue Size: 4,297,000 Equity Shares of Rs.10 each, aggregating to Rs.6016 Lakh
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Lawsikho IPO – Live Performance
The listing date of this IPO is January 29, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Lawsikho Share Price |
Lawsikho IPO Grey Market Premium
The Lawsikho Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Lawsikho IPO – Company Overview
Their company is a professional upskilling and career services edtech platform which caters primarily to senior & mid-career professionals, and in some cases to young professionals as well.
The company offers a comprehensive range of professional upskilling courses and training programs which include Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing and Data Science through three distinct brands LawSikho, Skill Arbitrage and Data is good.
These educational offerings are designed to help busy professionals learn high-demand skills, develop a strong demonstrable track record & access international as well as domestic freelance work and remote jobs. They also cater to college students looking for advanced skills and recent graduates who are struggling to find jobs.
Lawsikho IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Aug-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1324.95 | 920.64 | 103.11 | 65.05 |
| *Total Revenue | 2482.36 | 3354.47 | 1859.34 | 677.77 |
| Total Expense | 2043.99 | 3029.48 | 1909.03 | 677.74 |
| Profit After Tax | 315.96 | 247.13 | (49.07) | (0.54) |
Earnings per Equity Share (in Lakh)
| 31-Aug-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 6.32 | 4.94 | (0.98) | (0.01) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 247.13 Lakh, Rs. (49.07) Lakh and Rs. (0.54) Lakh respectively.
Lawsikho IPO – Promoters
The Promoter of this company is:
- RAMANUJ MUKHERJEE
- ABHYUDAYA SUNIL AGARWAL
List of Related Parties (Key Managerial Personnel)
- Ramanuj Mukherjee, Managing Director
- Abhyudaya Sunil Agarwal, Whole Time Director
- Siddhant Singh Baid, Director & Chief Financial Officer
- Debbolina Ghosh, Independent Director
Lawsikho IPO – Promoters Holding
- Pre-Issue Share Holding – 92.27%
- Post-Issue Share Holding – 67.27%
Lawsikho IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 42,97,000 Equity Shares aggregating up to Rs.[●] Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,16,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 39,81,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 13,95,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 5,99,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,17,72,732 Equity Shares |
| Equity Shares outstanding after the Issue | 1,59,09,732 Equity Shares |
Lawsikho IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the expenses for Unidentified Acquisition for Company (In India or Abroad)
- To meet the expenses for Identified Acquisition.
- To meet the expenses for Investment in Technology
- To meet the expenses for the development of new courses
- To meet the Branding & Marketing Expenses for the Company
- To meet the Working Capital requirements of the Company
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Lawsikho IPO – Business Strategy
- Global Expansion – International Opportunities for Education and Careers
- Integrated Placement initiative platform
- Online live classes through remote presence
- Employment generation across India
Lawsikho IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Good track record.
- Cordial relations with their students, and learners.
- Leveraging the experience of their Promoters.
- Experienced management team and a motivated and efficient workforce.
- Cordial relations with their Employees and Professionals.
- Quality assurance and control.
- Quality Deliverables.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.94 | 119.79% | 474.79 |
| 31-Mar-22 | (0.98) | -120.22% | 187.55 |
| Mar-21 | (0.01) | -31.17% | (37.11) |
Lawsikho IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Lawsikho Limited | 10 | [●] | 4.94 | 119.79% | 247.13 |
| Listed Peers | |||||
| CL Educate Limited | 10 | 32.56 | 2.41 | 4.96% | 1330.75 |
| Career Point Limited | 10 | 15.41 | 12.20 | 4.96% | 2219.35 |
Lawsikho IPO Lead Managers
| Lead Managers |
| NARNOLIA FINANCIAL SERVICES LIMITED Address: 201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road, Kolkata, West Bengal- 700020, India Telephone: +91- 8130678743; Email: pankaj.passi@narnolia.com Website: www.narnolia.com Contact Person: Mr. Pankaj Pasi SEBI Registration Number: INM000010791 CIN: U51909WB1995PLC072876 |
Lawsikho IPO Registrar to offer
| Registrar to the Offer |
| MAASHITLA SECURITIES PRIVATE LIMITED Address: 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi – 110034, India Telephone: 011-45121795 Email: ipo@maashitla.com Website: www.maashitla.com Contact Person: Mr. Mukul Agrawal SEBI Registration Number: INR000004370 CIN: U67100DL2010PTC208725 |
Lawsikho IPO – Other Details
- Statutory Auditor – M/s KRA & Co, Chartered Accountants
- Legal Counsel to the Company – Abizchancellor Law LLP
- Bankers to the Company – ICICI Bank Limited and Kotak Mahindra Bank
Lawsikho IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Lawsikho Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Lawsikho IPO Review FAQs
Check out various FAQs related to Lawsikho IPO:
What is the Issue Size of Lawsikho IPO?
The Company is making an initial public offer of 4,297,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Lawsikho IPO?
The price band for this particular IPO ranges between Rs 130 to Rs 140. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Lawsikho IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on January 19, 2024, while the closing date is set for January 23, 2024.
What is the Lawsikho IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on January 24, 2024, refund initiation is on January 25, 2024, credit of shares is on January 25, 2024, and share listing date is on January 29, 2024.
What is the Lawsikho IPO Listing Date?
Shares of this company shall be listed in the exchanges on January 29, 2024. The date, when the listing would be done, is stagnant on January 29, 2024.
Who is the Registrar of Lawsikho IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. MAASHITLA SECURITIES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Lawsikho IPO?
Here are the promoters of this IPO – RAMANUJ MUKHERJEE AND ABHYUDAYA SUNIL AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Lawsikho IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Lawsikho IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Lawsikho Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 247.13, 2022 is (49.07), and 2021 is (0.54). PAT from Aug 2023 is 315.96.
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