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Addictive Learning Technology Ltd

Registered Office : U #334 P # 12 3rd Flr Rd # 44,Vardha.Big V Plaza Pitampura,Delhi Delhi 110034 Phone : +91 124 4143608
Fax :

Email : compliance@lawsikho.in

Website : https://lawsikho.com

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-2024

24-Jan-2024

Money Payable On

Application

Allotment

140.00

0.00

Minimum Application for shares in Nos : 1000.0 Further Multiples of : 1000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

49.83

60.16

15.91

140.00

Narnolia Financial Services Ltd

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