{"id":34980,"date":"2024-01-16T11:48:09","date_gmt":"2024-01-16T06:18:09","guid":{"rendered":"https:\/\/nationalinsight.in\/index.php\/2024\/01\/16\/addictive-learning-technology-limited-ipo-opens-on-19th-january-2024\/"},"modified":"2024-01-16T11:48:09","modified_gmt":"2024-01-16T06:18:09","slug":"addictive-learning-technology-limited-ipo-opens-on-19th-january-2024","status":"publish","type":"post","link":"https:\/\/nationalinsight.in\/index.php\/2024\/01\/16\/addictive-learning-technology-limited-ipo-opens-on-19th-january-2024\/","title":{"rendered":"Addictive Learning Technology Limited IPO Opens on 19th January, 2024"},"content":{"rendered":"<div>\n<p><strong>Mumbai (Maharashtra) [India], January 16<\/strong>:\u00a0<a>Addictive Learning Technology Limited<\/a>,\u00a0a professional upskilling and career services edtech company, has announced its plan to go public with an Initial Public Offering on 19<sup>th<\/sup>\u00a0January.\u00a0The company is aiming to raise\u00a0\u20b9\u00a060.15 Crores\u00a0on upper band price\u00a0through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n<p>The fresh issue size is Up to 41,37,000\u00a0equity shares and offer for sale (OFS) is Up to 1,60,000 at face value of\u00a0\u20b9\u00a010 each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><strong><\/strong><\/p>\n<ul>\n<li>QIB Anchor Portion \u2013\u00a0<a>Up To\u00a0<\/a>11,92,000 Equity Shares<\/li>\n<li>Qualified Institutional Buyers (QIB) \u2013 Up To 7,95,000 Equity Shares<\/li>\n<li>Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a05,99,000 Equity Shares<\/li>\n<li>Retail Individual Investors (RII) \u2013\u00a0Up To\u00a013,95,000 Equity Shares<\/li>\n<li>Market Maker \u2013\u00a0Up To\u00a03,16,000 Equity Shares\u00a0<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized for\u00a0Unidentified Acquisition (In India or Abroad) &amp;\u00a0Identified Acquisition,\u00a0Technology\u00a0Investment,\u00a0Development of new courses, Branding &amp; Marketing,\u00a0Working Capital Requirements and General Corporate Expenses.\u00a0The bidding for Anchor portion will open on January 18, 2024 and the issue closes on January 23, 2024.<\/p>\n<p>The Book Running Lead Manager to the Issue\u00a0is\u00a0<a>Narnolia Financial Services Limited<\/a>. The Registrar to the Issue is\u00a0Maashitla Securities Private Limited.<\/p>\n<p>Mr. Ramanuj Mukherjee, Managing Director of Addictive Learning Technology Limited\u00a0said, \u201cAt Addictive Learning Technology Limited, we are excited to announce our upcoming IPO, marking the beginning of a new chapter. Comprised of seasoned professionals and experts with extensive experience, our unwavering dedication lies in advancing experiential learning within the edtech landscape.<\/p>\n<p>This milestone IPO holds great significance, and the funds raised will be instrumental in supporting our mission to provide a diverse array of educational solutions. We anticipate sustained growth and aim to make a lasting impact in the ever-evolving edtech landscape.\u201d<\/p>\n<p>Mr. Vipin Aggarwal, Director (Investment Banking) of\u00a0Narnolia Financial Services Limited\u00a0said, \u201cAddictive Learning Technology\u2019s IPO marks a significant milestone, and we\u2019re pleased to be part of their journey. With a strong reputation in the edtech and a diverse a wide range of educational solutions, the company\u2019s commitment to cater advanced and a wide range of educational solution. Wishing Addictive Learning continued success and growth in the future.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], January 16:\u00a0Addictive Learning Technology Limited,\u00a0a professional upskilling [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1318,1320],"class_list":["post-34980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/34980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/comments?post=34980"}],"version-history":[{"count":0,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/posts\/34980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media\/34981"}],"wp:attachment":[{"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/media?parent=34980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/categories?post=34980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalinsight.in\/index.php\/wp-json\/wp\/v2\/tags?post=34980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}