The IPO comprises a fresh issue of 30.80 lakh shares aggregating to Rs 25.26 crore and an offer for sale (OFS) of 16 lakh shares worth Rs 13.12 crore. The price band has been fixed at Rs 78 to Rs 82 per share.
Investors can apply for lots of 1,600 shares. For retail investors, the minimum investment comes to Rs 1.31 lakh at the upper band. High net-worth individuals (HNIs) are required to apply for at least two lots or 3,200 shares, amounting to Rs 2.62 lakh crore.
The IPO has a reservation structure where 50% is allocated to retail investors, 38% to HNIs, and 12% to qualified institutional buyers (QIBs).
Wagons Learning: About the company
Incorporated in 2013, Wagons Learning offers corporate training, digital learning solutions, and skill development programs. The company serves B2B clients across industries including BFSI, automotive, pharma, and healthcare. It also provides learning management systems (LMS/LXP), content development, trainer outsourcing, and payroll management.The company claims to have trained over 500,000 professionals and has recently expanded to the Middle East via a Dubai office. It is also making a foray into B2C offerings through industry-ready certification programs. As of June 2024, it employs 77 full-time staff.Financial Performance
Revenue increased from Rs 9.89 crore in FY22 to Rs 33.51 crore in FY24. Profit after tax surged from Rs 9 lakh to Rs 5.61 crore in the same period. For the nine months ended December 2024, it reported revenue of Rs 33.23 crore and net profit of Rs 5.54 crore.
IPO proceeds
The proceeds from the fresh issue will be used for working capital needs (Rs 7.5 crore), debt repayment (Rs 4.5 crore), and general corporate purposes. The company’s post-issue market cap is estimated at Rs 127.92 crore.
Khandwala Securities is the book-running lead manager, while Cameo Corporate Services is the registrar.
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