The Addictive Learning Technology IPO, a professional upskilling and career services edtech platform, opens for subscription today. The IPO size includes a fresh equity issue of 42.97 lakh shares and an offer for sale of 1.6 lakh shares. The price band for the IPO is set at Rs 133-140 apiece. The company’s financial performance showed revenues of Rs 24.82 crore and net profit of Rs 3.15 crore. The IPO proceeds will be used for funding acquisitions, tech investment, course development, working capital, and general corporate purposes.
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