Addictive Learning Technology Limited IPO

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The company operates as a professional upskilling and career services edtech platform, primarily targeting senior and mid-career professionals, along with young professionals and college students. The platform’s unique proposition lies in its comprehensive range of specialized courses and training programs, offered through three distinct brands: LawSikho, Skill Arbitrage, and Dataisgood. These courses cover a wide array of disciplines including Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science.

Key Aspects of the Business:

Upskilling Courses

  • International Focus: Courses designed to enable career opportunities in the international market, including US Intellectual Property Law, US Tax Law, and International Business Law.
  • Bar Exam Courses: Preparation for international bar exams like the Canadian Barrister & Solicitor Exam, UK Solicitor Qualification Exam, and California Bar Exam.

Course Structure

  • Interactive Learning: Cohort-based live classes, weekly assignments, and simulation exercises.
  • Real-Life Coaching: Situational coaching over live calls and personalized feedback.
  • Career Support: Integrated career guidance and support throughout the program.

Course Design and Delivery

  • Expertise-Driven: Courses developed by an in-house team of professionals, based on industry research and stakeholder consultation.
  • Specialized Domains: Focused on high-demand areas like corporate law, intellectual property, tech law, and taxation.
  • Professional Development: Modules for soft skills, interview preparation, personal branding, and freelancing.

Flexibility and Accessibility

  • Online Learning: Flexible study schedules with online delivery and access to class recordings.
  • Personalized Guidance: Availability of coaches and counselors for career and academic advice.

Vision and Mission

  • Vision: To make top career opportunities globally accessible, promoting the dominance of international service exports.
  • Mission: Empowering India to become a leading exporter of services in various domains through online education, technology tools, and services.

Your company’s approach is innovative in bridging the gap between traditional educational methods and the evolving demands of the global job market. By focusing on practical skills, professional development, and international standards, the platform is well-positioned to enable professionals to achieve significant career advancements, both domestically and internationally.

Objects of the Addictive Learning Technology Limited IPO:

The objects of the Issue are:- i. To meet out the expenses for Unidentified Acquisition for Company (In India or Abroad) ii. To meet the expenses for Identified Acquisition. iii. To meet out the expenses for Investment in Technology iv. To meet out the expenses for development of new courses v. To meet out the Branding & Marketing Expenses for the Company vi. To meet out the Working Capital requirements of the Company vii. To meet out the General Corporate Purposes; and 8. To meet out the Issue Expenses. Total number of shares are issues: - i. Fresh Issue is 4,137,000 shares, ii. Offer for Sale is 160,000 shares.

Addictive Learning Technology Limited IPO Details:

Open Date: Jan 19 2024
Close Date: Jan 23 2024
Total Shares: 4,297,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 60.16 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 130-140 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 29 2024

Promoters And Management:

Mr. Ramanuj Mukherjee, aged 36, serves as the Promoter and Managing Director of the company. He is the driving force behind the organization with over 12 years of experience in the field of legal education. He holds a law degree from West Bengal National University of Juridical Sciences. Mr. Mukherjee has been appointed as the Managing Director of the Company for a term of 5 years starting from September 19, 2023. His journey in the legal profession began as a freelancer. Thereafter, he Co-founded Addictive Learning Technology Limited with Mr. Abhyudaya Sunil Agarwal. Mr. Abhyudaya Sunil Agarwal, aged 35, serves as the Whole-Time Director of the company. He obtained his LLB degree from West Bengal National University of Juridical Sciences in the year 2011 and boasts over 12 years of experience in the field of legal education. He assumed the role of Whole-Time Director for a period of 5-year w.e.f. October 13, 2023. Mr. Abhyudaya Sunil Agarwal was one of the co-founders of Addictive Learning Technology Limited and played a significant role in establishing the LawSikho brand alongside Ramanuj Mukherjee. Mr. Siddhant Singh Baid, aged 38 years, is the “Executive Director” and “Chief Financial Officer” of the company. He was appointed as the Executive director on October 13, 2023 and as the Chief Financial Officer on October 11, 2023 having more than 14 years of experience in finance. He is an M.B.A from Symbiosis Institute of International Business (2008), signifying his versatile expertise.

Financials of Addictive Learning Technology Limited IPO:

Particulars ( In Lakhs )
Revenue from Operations 678 1,857 3,353 2,482
Other Income 0 2 1 0
Total Revenue 678 1,859 3,354 2,482
Cost of Services 506 1,411 2,289 1,540
Employees Benefit Expenses 57 99 137 67
Other Expenses 113 393 594 386
EBITDA 2 -44 334 489
Depreciation & Amortisation 2 6 10 51
EBIT 0 -50 325 438
OPM (%) 0.32% -2.38% 9.97% 19.71%
PBT 0.04 -50 325 438
Tax 0.6 -0.6 78 122
PAT -0.5 -49 247 316
NPM (%) -0.08% -2.64% 7.37% 12.73%
No.of Shares 159.09 159.09 159.09 159.09
EPS -0.003 -0.31 1.55 1.98

Comparison With Peers:

Name of the Company Revenue (In Crore) PAT (In Crore) EPS ( in Rs) P/E CMP Mcap (In Crore)
Addictive Learning Technology Limited 34 2 1.55 90.1 140 223
CL Educate Limited 291 23 4.09 19.2 101 555
Career Point Limited 85 12 6.57 19.3 235 428
* All the data is as per FY23.

Recommendation on Addictive Learning Technology Limited IPO:

Lead Manager of Addictive Learning Technology Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Addictive Learning Technology Limited IPO:

  1. Maashitla Securities Pvt. Limited

Company Address:

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: Website

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