{"id":35616,"date":"2024-01-16T06:18:09","date_gmt":"2024-01-16T06:18:09","guid":{"rendered":"https:\/\/theindianinfluencer.com\/index.php\/2024\/01\/16\/addictive-learning-technology-limited-ipo-opens-on-19th-january-2024\/"},"modified":"2024-01-16T06:18:09","modified_gmt":"2024-01-16T06:18:09","slug":"addictive-learning-technology-limited-ipo-opens-on-19th-january-2024","status":"publish","type":"post","link":"https:\/\/theindianinfluencer.com\/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 and career services edtech company, has announced its plan to go public with an Initial Public Offering on 19th\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. The fresh issue size [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20],"class_list":["post-35616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/35616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/comments?post=35616"}],"version-history":[{"count":0,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/posts\/35616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media\/35617"}],"wp:attachment":[{"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/media?parent=35616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/categories?post=35616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theindianinfluencer.com\/index.php\/wp-json\/wp\/v2\/tags?post=35616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}