How To Check Addictive Learning Technology IPO Application Status

Addictive Learning Technology’s IPO was subscribed a staggering 177.27 times by the end of the final day of subscription. The total consolidated share bids exceeded 76.17 crore against the issue size of 42.97 lakh shares.

The retail portion of the IPO saw an exceptional subscription of 279.85 times, while the non-institutional investors portion recorded a remarkable 385.63 times subscription. Qualified institutional buyers (QIBs) participated with 9.23 crore share bids.

Originally scheduled to close on Tuesday, the IPO was extended by a day due to the market closure on Monday for the Ayodhya Ram Mandir consecration ceremony.

Checking Allotment Status on Registrar's Website:

You can follow these steps to check the Addictive Learning Technology IPO allotment status

  1. Visit the registrar’s website.
  2. Click on ‘Select Company' and choose ‘Addictive Learning Technology'.
  3. Input your PAN, application number, DP/Client ID, or Account number/IFSC.
  4. Enter the captcha.
  5. Click on submit.

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Addictive Learning Technology IPO Details And GMP: Addictive Learning Technology set the IPO price band at ₹133-140 per equity share, with a face value of ₹10 per share. The total issue size comprises 42.97 lakh shares, including 41.37 lakh fresh equity shares and an offer for sale (OFS) comprising 160,000 shares.

In the grey market, the shares commanded a premium of ₹160.

The IPO bid lot consists of 1000 shares in 1 lot, with a maximum subscription amount of ₹2 lakh for retail investors. The basis of allotment is expected to be finalized on January 25, and the fund initiation is set for January 29.

Addictive Learning Technology, established in September 2017, operates as an online educational technology platform, focusing on remote learning through its Learning Management System (LMS). The company reported revenue of ₹24.82 crore for the period ended August 31, 2023, and a profit after tax (PAT) of ₹3.15 crore for the same period.

Proceeds from the IPO will be utilized for identified acquisitions, technology investment, course development, branding, marketing, working capital, and general corporate purposes, among other objectives.

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Posted In: NewsIPOsAddictive Learning Technology