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IPO Synopsis

Addictive Learning Technology Ltd
Initial public offering up to 42,97,000 equity shares of Rs. 10/- each ("Equity Shares") of Addictive Learning Technology Limited ("ALTL" or the "Company") for cash at a price of Rs. 140/- per equity share (the "Issue Price"), aggregating to Rs. 60.16 crores ("The Offer"), comprising a fresh issue of up to 41,37,000 equity shares aggregating to Rs. 57.92 crores by the company ("Fresh Issue") and an offer for sale of up to 1,60,000 equity shares by Ramanuj Mukherjee, Abhyudaya Sunil Agarwal, ("The Promoters" or "Selling Shareholders") Komal Shah and Harsh Jain ("The Promoter Group" or "The Selling Shareholder") aggregating to Rs. 2.24 crores ("Offer for Sale"). out of the offer, 3,16,000 equity shares aggregating to Rs. 4.42 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 39,81,000 equity shares of face value of Rs. 10.00/- each at an issue price of Rs. 140/- per equity share aggregating to Rs. 55.73 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 27.01% and 25.02%, respectively of the post issue paid up equity share capital of the company.
Issue
Opens On Closes On
19-Jan-24 24-Jan-24
Money Payable On
Application Allotment
140.00 0.00
Minimum Application for shares in Nos : 1000 Further Multiples of : 1000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 49.83 Narnolia Financial Services Ltd
Project Financed through Current Offer (.Cr) 60.16  
Post Issue Equity Share Capital (.Cr) 15.91
Issue Price () 140.00
Projects
Unidentifies Acquisition (In India & Abroad)
Identifies Acquisition
Investment in Technology
Development of New Courses
Branding & Marketing Expenses
Working Capital Requirement
General Corporate Purposes
Promoted By
Ramanuj Mukherjee
Abhyudaya Sunil Agarwal
Listing At
NSE - SME
Registrar to the Issue
Maashitla Securities Pvt Ltd
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