Addictive Learning Technology Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Addictive Learn

CMP

304.25

+2.75 (0.91%)

  • DRHP
₹140

Offer Price

₹ 60.16 Cr

Issue Size

₹ 1,40,000

Min Investment

1,000

Lot size

Time Line

  • 19
    Jan 2024
    Open
  • 24
    Jan 2024
    Close
  • 25
    Jan 2024
    Finalisation of Basis of Allotment
  • 25
    Jan 2024
    Initiation of Refunds
  • 26
    Jan 2024
    Transfer of Shares to Demat Account
  • 30
    Jan 2024
    Listing Date

Objects of the Offer

  • Global Expansion - International Opportunities for Education and Careers.

  • Integrated Placement initiative platform.

Products & Services

  • The company is a professional upskilling and career services edtech platform.

Strengths

  • Good track record.

  • Cordial relations with its students, learners.

  • Leveraging the experience of its Promoters.

  • Experienced management team and a motivated and efficient work force.

  • Cordial relations with its Employees and Professionals.

Risks

  • The company is recognised by its brand name.

  • There is outstanding litigation pending against its Promoters which, if determined adversely, could affect the company business, results of operations and financial condition.

  • The company reported a restated loss after tax in some of the previous years and may incur additional losses in the future.

  • Its present promoters of the Company are first generation entrepreneurs.

  • The Company does not own the premises through which its conduct the company`s business operations.

Company Promoters

Promoters Holding

Issue For IPO
20.92%
Pre Holding

76.72%

Post Holding

55.80%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 18.57 (173.90%) 33.53 (80.60%) 119.79 (-)
Gross Profit 18.57 (173.90%) 33.53 (80.60%) 119.79 (-)
Net Income 18.57 (173.90%) 33.53 (80.60%) 119.79 (-)
Assets 18.57 (173.90%) 33.53 (80.60%) 119.79 (-)
Liabilities 18.57 (173.90%) 33.53 (80.60%) 119.79 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Addictive Learning Technology Ltd 33.53 2.47 2.22 0.16 119.79 0.00 1,963.00 1.28 0.07
CL Educate Ltd 291.31 22.51 372.83 372.83 8.19 4.08 49.89 6.03 0.04
Career Point Ltd 85.37 11.95 561.70 561.70 2.49 6.57 263.92 2.12 0.04

Book Running Managers

  • Narnolia Financial Services Ltd

Registrar & Transfer Agent

Maashitla Securities Pvt Ltd

451 Krishna Apra Bus,
Netaji Subhash Place,
Pitampura - New Delhi-110034
Phone : 011-45121795 Fax: 01145121795

Company Contact Information

U #334 P # 12 3rd Flr Rd # 44,
Vardha.Big V Plaza Pitampura,
Delhi - 110034
Phone : +91 124 4143608 Email : compliance@lawsikho.in https://lawsikho.com

Offer Related Information

Initial public offering up to 42,97,000 equity shares of Rs. 10/- each ("Equity Shares") of Addictive Learning Technology Limited ("ALTL" or the "Company") for cash at a price of Rs. 140/- per equity share (the "Issue Price"), aggregating to Rs. 60.16 crores ("The Offer"), comprising a fresh issue of up to 41,37,000 equity shares aggregating to Rs. 57.92 crores by the company ("Fresh Issue") and an offer for sale of up to 1,60,000 equity shares by Ramanuj Mukherjee, Abhyudaya Sunil Agarwal,... More

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