IPO : Addictive Learning Technology Limited
Addictive Learning Technology Limited IPO
| SYMBOL | LAWSIKHO |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Friday, January 19, 2024 |
| ISSUE CLOSES ON | Tuesday, January 23, 2024 |
| ISSUE PRICE | ₹133 to ₹140 per share |
| ISSUE SIZE | Up to Rs.60.16 Crores |
| FACE VALUE | Rs.10 per share |
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 opens for subscription on January 19, 2024 and closes on January 23, 2024. The allotment for the Lawsikho IPO is expected to be finalized on Wednesday, January 24, 2024. Lawsikho IPO will list on NSE SME with tentative listing date fixed as Monday, January 29, 2024.
| MINIMUM BID | 1000 shares |
| MINIMUM AMOUNT | Rs.140,000 |
| MAXIMUM BID | 1000 shares |
| MAXIMUM AMOUNT | Rs.140,000 |
| PROMOTER HOLDING | 67.27% (Post-issue) |
| LISTING DATE | Monday, January 29, 2024 |
| LISTING AT | NSE-SME |
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.
Objects of the Issue (Lawsikho IPO Objectives)
The objects of the Issue are:-
- To meet out the expenses for Unidentified Acquisition for Company (In India or Abroad)
- To meet the expenses for Identified Acquisition.
- To meet out the expenses for Investment in Technology
- To meet out the expenses for development of new courses
- To meet out the Branding & Marketing Expenses for the Company
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes; and 8. To meet out the Issue Expenses.
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