Addictive Learning Technology Limited

Company Profile
Company Name Addictive Learning Technology Limited
Open Date 19-01-2024
Close Date 23-01-2024
Exchange NSE SME
Lot Size 1000 Shares
Issue Price ₹133 to ₹140 per share
Issue Size 42,97,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
Addictive Learning Technology Limited was originally incorporated in the year 2017 and had its registered office in City Delhi, India. The company is engaged in the business of providing 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. As of 09th January 2024, the Company had 145 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Aug-23
Total Assets 65.05 103.11 920.64 1,324.95
Net Assets -1.75 -40.82 206.30 522.27
Total Borrowings - - 15.73 -
Total Revenue 677.77 1,859.34 3,354.47 2,482.36
Profit After Tax -0.55 -49.07 247.11 315.95

Tentative Timeline

Opening Date 19-01-2024
Closing Date 23-01-2024
Basis of Allotment 24-01-2024
Initiation of Refunds 25-01-2024
Credit of Shares to Demat 25-01-2024
Listing Date 29-01-2024

Objects of the Issue

To meet the expenses for Unidentified and Identified Acquisitions, Investment in Technology, Development of new courses, and Branding & Marketing.
Working Capital Requirements.
General Corporate Purposes.
To meet Public Issue Expenses.

Contact Information

Registered Office 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

Registrar Details

Name Maashitla Securities Private Limited
Phone +91-11-45121795-96

IPO Reservation

QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

Shareholding Pattern

Pre Issue Share Holding (Promoters) 90.65%
Post Issue Share Holding (Promoters) 66.07%

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