Wagons Learning Ltd - IPO

Wagons Learning Ltd IPO Details

Public offer of up to 46,80,000 equity shares of face value Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. [*]/- per equity share (including a securities premium of Rs. [*] per equity share) (the "Offer Price"), aggregating upto Rs. [*] crores ("Offer"), comprising of fresh offer of upto 30,80,000 equity shares aggregating to Rs. [*] crores (the "Fresh Offer") and an offer for sale of upto 16,00,000 equity shares by Uday Jagannath Shetty and Raviraj Poojary ("The Selling Shareholder") ("Offer for Sale") aggregating to Rs. [*] crores, out of which 2,35,200 equity shares aggregating to Rs. [*] 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 44,44,800 equity shares of face value of Rs. 10/- each at an offer price of Rs. [*]/- per equity share aggregating to Rs. [*] crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 30.00 % and 28.49 %, respectively of the post offer paid up equity share capital of the company. Price Band: Rs. 78 to Rs. 82 per equity share of the face value of Rs. 10 each. The floor price is 7.8 times of the face value of the equity shares and the cap price is 8.2 times of the face value of the equity shares. Bids can be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Funding of Capital Expenditure for development of Skill Intelligence Portal (SIP)-AI Enabled Learning Management Systems and Digital Learning Library on Employability Skills,. Meet out the Working Capital requirements of the Company.. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by its Company. General corporate purposes.

Wagons Learning Ltd Contact Details

Wagons Learning Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - compliance@wagonslearning.com

Website - www.wagonslearning.com