Wagons Learning IPO: Check price band, subscription, key dates, GMP and other details for ₹38 crore SME issue
Wagons Learning IPO: The initial public offering (IPO) of Wagons Learning kicked off for subscription on Friday, May 2, to raise ₹ 38.38 crore via the book-building process. The issue was off to a slow start amid a lacklustre grey market trend.
Wagons Learnings IPO was subscribed 0.02 times as of 2 pm on the first day of the bidding process. The retail portion was booked 0.03 times while the non-institutional investor portion was subscribed 0.01 times. The qualified institutional buyers portion has not yet received any bids.
The three-day public offer that will close for subscription on Tuesday, May 6, is a combination of a fresh share sale and offer for sale. The company is looking to issue 30.80 lakh fresh shares, worth ₹ 25.26 crore, while it plans to sell 16 lakh shares via OFS, aggregating to ₹ 13.12 crore.
Wagons Learning IPO price band has been at ₹ 78-82 per share. The minimum lot size for the IPO is 1600, while the minimum investment required by retail investors is ₹ 1,24,800.
The company plans to use the funds for meeting the working capital requirements, pre-payment or repayment of all or a portion of certain outstanding borrowings and general corporate purposes.
The grey market premium or GMP for Wagons Learning IPO was - ₹ 2. This means that shares of the company were trading at a discount to the issue price of ₹ 82. At the prevailing GMP, Wagons Learning IPO shares could list at ₹ 80, a discount of 2.44%.
Shares of Wagons Learning are slated to list on the BSE SME platform on Friday, May 9. But before that, the allotment of the IPO is expected to take place on Wednesday, May 7. Investors can expect credit of shares to their demat account on Thursday, May 8, while initiation of refund is likely on the same day as well.
Wagons Learning is engaged in providing corporate training, digital learning and skill development solutions. It functions on a B2B model wherein it provides training and certifications, digital learning solutions, skill development solutions, trainer outsourcing and payroll management solutions to its clients.
The company claims to have skilled 550,000 professionals through classroom, virtual and digital modules.
Apart from India, the company also has a presence in Dubai.
Khandwala Securities is the book-running lead manager of the Wagons Learning IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Wagons Learning IPO is Rikhav Securities.
First Published: 2 May 2025, 02:13 PM IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
a day ago
- Business Standard
Protean eGov Tech bags order worth ₹100 cr from Bima Sugam Marketplace
Protean eGov Technologies has secured a work order worth approximately ₹100 crore from the Bima Sugam India Federation (BSIF) through the request for proposal (RFP) process. As per the terms outlined in the work order, Protean will act as the Technology Solution Provider for the complete development, implementation, support, and maintenance of the Bima Sugam Marketplace. The scope also includes platform integrations and adherence to marketplace protocols. Protean is a public technology firm known for its role in designing, implementing, and managing large-scale digital infrastructure projects for various government entities. 'This engagement further strengthens Protean's role as a trusted technology partner in India's Digital Public Infrastructure (DPI) journey, building on our legacy of enabling critical citizen-centric digital systems at national scale,' the company said in an exchange filing. Q4 financial results In the fourth quarter of FY25, the company reported a consolidated net profit of ₹20 crore, marking a 6 per cent year-on-year increase. Revenue from operations remained steady at ₹222 crore during the same period. For the full financial year, Protean posted consolidated revenue from operations of ₹841 crore, reflecting a 5 per cent decline year-on-year. EBITDA for FY25 stood at ₹149 crore, down from ₹157 crore in FY24. The EBITDA margin was recorded at 16.3 per cent. Promoter divestments and stake sales In November, NSE Investments, classified as a non-promoter, proposed to sell 4,117,303 shares through an offer-for-sale (OFS), representing a 10.16 per cent base offer stake. The OFS was scheduled for 22–25 November, with the floor price set at ₹1,550 per share. On 8 August 2024, Standard Chartered Bank exited its 3.09 per cent stake in Protean through an open market transaction. According to BSE bulk deal data, it sold 1.2 million shares at an average price of ₹1,799.79 per share, totalling ₹224.97 crore. Earlier, on 21 May 2024, HDFC Bank sold its entire 3.20 per cent holding in Protean. The bank offloaded 1,294,326 shares at an average price of ₹1,160.15 per share, generating a transaction value of ₹150.16 crore.
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
Aten Papers and Foam IPO opens on June 13; check key details here
Aten Papers and Foam IPO: Aten Papers and Foam, a paper products supply chain intermediary, is set to launch its initial public offering (IPO) on June 13, 2025. The SME offering comprises a fresh issuance of 3.3 million equity shares. There is no offer-for-sale (OFS) component. The company has not announced the price bands yet. Aten Papers and Foam IPO key dates According to the RHP, the three-day subscription window will tentatively close on Tuesday, June 17, 2025. The basis of the allotment of shares is likely to be finalised on or before Wednesday, June 18, 2025. Shares of Aten Papers and Foam will be listed on the BSE SME platform tentatively on Friday, June 20, 2025. Aten Papers and Foam IPO registrar, lead manager Skyline Financial Services is the registrar of the issue. Swastika Investmart is the sole book-running lead manager. Aten Papers and Foam IPO objective According to the red herring prospectus (RHP), the company plans to use the net issue proceeds for capital expenditure, meet working capital requirements and general corporate purposes. About Aten Papers and Foam Incorporated in 2019, Aten Papers and Foam operates as an important intermediary in the Paper Product Supply Chain. It procures paper from different paper mills and resells them to clients in the packaging products industry. It also purchases wastepaper from the stockiest and sells them to paper mills which is crucial raw material for such mills. Aten Papers's product portfolio includes a wide range of grades, thicknesses, widths, and standards for Kraft papers, Duplex boards and others according to customer specifications. Aten Papers and Foam financial snapshot In the financial year 2024-25 (FY25), Aten Papers and Foam reported revenue from operations of ₹138.69 crore, up 43 per cent from ₹96.79 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹7.01 crore in FY25, around 1.5 times increase from ₹2.78 crore in FY24. Its earnings before interest, tax, depreciation and amortisation (Ebitda) doubled from ₹5.15 crore in FY24 to ₹10.65 crore in FY25.
Time of India
2 days ago
- Time of India
Oswal Pumps files DRHP for Rs 890 crore IPO
Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek Gupta. The IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced accordingly. Proceeds from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS component. The IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the issue. The bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June 17. As per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI regulations. Also read | IPO calendar: 4 new issues, 1 listing lined up in a busy mid-June week Founded in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter entities. The equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
