Wagons Learning IPO aims to raise 338 crore, will open on May 2, know the minimum amount you will have to invest

Wagons Learning Limited IPO will open for subscription on May 2 and close on May 6 to raise ₹38.38 crore. It is a combination of a fresh issue of 30.80 lakh shares worth ₹25.26 crore and 16 lakh offer for sale shares worth ₹13.12 crore. The company's shares are likely to be listed on BSE SME on May 9.

The price band of Wagons Learning IPO has been fixed at ₹78-₹82 per share. The minimum lot size for application is 1600 shares. The minimum investment amount required by retail investors is ₹1,31,200. The minimum lot size investment for HNIs is 2 lots (3,200 shares), which amounts to ₹2,62,400.

About 12% of the public offering is reserved for qualified institutional buyers, about 50% for retail investors and about 38% for non-institutional investors.

The Company will use the proceeds from this issue to meet the working capital requirements of the Company, repay certain borrowings taken by the Company and for general corporate purposes.

Wagons Learning Limited provides corporate training, digital learning and skill development solutions. The company operates on a B2B model and offers a wide range of services to its clients, such as training and certification, digital learning solutions (LMS/LXP), skill development and CSR implementation, trainer outsourcing, payroll management.

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Wagons Learning specializes in various industries such as sales training, customer service training, soft skills and behavioral training, functional and knowledge-based training. Industries like automotive, banking and financial services, pharma and healthcare sectors are benefiting from these services.

So far, the company has trained more than 5 lakh professionals through classroom, virtual and digital modes.

Wagons Learning's services are spread across India and now the company has also stepped up internationally. A branch office has been opened in Dubai, UAE, from where it provides education technology solutions, digital library, government projects and content development services.

Talking about the financial performance of the company, in FY 23 it was ₹16.17 crore and profit after tax was ₹71 lakh. In FY 24, the company's revenue for the period ended 29 February 2024 is ₹31.79 crore and profit after tax is ₹5.52 crore.

Khandwala Securities Limited is the book-running lead manager to the Wagons Learning IPO, while Cameo Corporate Services Limited is the registrar to the issue. Uday Jagannatha Shetty and Raviraj Pujari are the promoters of the company.