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Business Standard
06-05-2025
- Business
- Business Standard
Not so conducive? Wagons Learning 'withdraws' IPO due to market conditions
Digital learning solutions provider Wagons Learning has withdrawn its initial public offering (IPO), citing prevailing market conditions. The public issue opened for public subscription on Friday, May 2, 2025. "Basis the communications received from the merchant banker and the company vide their letters dated May 05, 2025, it is hereby notified that the company in consultation with the merchant banker has decided to withdraw the issue due to prevailing market conditions," said a BSE SME filing. Khandwala Securities serves as the sole merchant banker of the issue. Cameo Securities is the registrar of the issue. Wagons Learning IPO had received a muted response from investors. The issue was subscribed only 8 per cent as of 5 PM on May 5, day 2 of subscription, according to data from the BSE SME platform. The portion reserved for retail investors was subscribed only 16 per cent. The quota booked for non-institutional investors (NIIs) was subscribed mere 1 per cent while the issue failed to secure any bids from qualified institutional buyers (QIBs). ALSO READ | Jio Platforms likely to become world's 6th-largest telco after IPO According to SEBI guidelines, a company must receive applications for at least 90 per cent of the issue size. If the issuer fails to receive the minimum subscription of 90 per cent, it has to refund the entire application amount to investors. The company was planning to raise ₹38.38 crore from the public issue through a fresh issue of 3.09 million equity shares and an offer for sale (OFS) of 1.6 million shares. Promoters Uday Jagannath Shetty and Raviraj Poojary were offloading 0.8 million equity shares. Shares of Wagons Learning were scheduled to be listed on the BSE SME platform on Friday, May 9. The company had set the price band in the range of ₹78 to ₹82. According to the RHP, the company had planned to raise ₹7.5 crore from the net fresh issue proceeds to meet the working capital requirements and 4.5 crore for the prepayment/repayment of all or a portion of certain outstanding borrowings availed by the company. ALSO READ | Ather Energy IPO GMP and listing forecast: What to expect on debut day? About Wagons Learning Incorporated in October 2013, Wagons Learning is a corporate training, digital learning, and skill development solutions provider. The company operates on a B2B model. It offers training and certifications, digital learning solutions, skill development solutions, trainer outsourcing and payroll management solutions to its clients. Wagons Learning specialises in corporate training and consulting across a broad range of domains such as sales training, customer service training, soft skills and behavioural training, functional training and knowledge-based, skill-based training solutions for the employees of corporations operating in industries like automotive, banking and financial services, pharma and healthcare services etc.
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Business Standard
05-05-2025
- Business
- Business Standard
Wagons Learning IPO Day 2 update; check subscription status, GMP, key dates
Wagons Learning IPI Day 2 update: The initial public offering (IPO) of Wagons Learning which opened for subscription on Friday, May 2, 2025, has received muted response from investors so far. The issue was subscribed only 50 per cent, as of 11:04 AM on Monday, day 2 of the offering, according to data from BSE SME platform. The portion reserved for retail investors was subscribed only 10 per cent. The quota booked for non-institutional investors (NIIs) was subscribed mere 1 per cent while the issue failed to secure any bids from qualified institutional buyers (QIBs). Wagons Learning IPO GMP On Monday, the unlisted shares of Wagons Learning were trading at a discounted price of ₹81 in the grey market, below the upper price band of ₹82, according to the sources tracking official markets. Wagons Learning IPO details The company plans to raise ₹38.38 crore from the public issue, which comprises a fresh issue of 3.09 million equity shares and an offer for sale (OFS) of 1.6 million equity shares with promoters Uday Jagannath Shetty and Raviraj Poojary divesting of 0.8 million equity shares each. The SME IPO will close for subscription on Tuesday, May 6, 2025. The basis of allotment of shares is likely to be finalised on Wednesday, May 7. Shares of Wagons Learning are scheduled to list on the BSE SME platform tentatively on Friday, May 9. The company has set the price band in the range of ₹78-82 per equity share. Retail investors can bid for a minimum of one lot consisting of 1,600 shares with an investment amount of ₹1,24,800. The minimum investment required for high-net-worth individuals (HNIs) is ₹2,62,400 for two lots of 3,200 equity shares. According to the red herring prospectus (RHP), the company aims to utilise ₹7.5 crore from the net fresh issue proceeds to meet the working capital requirements of the company and ₹4.5 crore for the prepayment/repayment of all or a portion of certain outstanding borrowings availed by the company. The remaining funds will be used for general corporate purposes, according to the red herring prospectus. About Wagons Learning Incorporated in October 2013, Wagons Learning offers corporate training, digital learning, and skill development solutions. It functions on a B2B model and provides training and certifications, digital learning solutions, skill development solutions, trainer outsourcing and payroll management solutions to its clients. It specialises in corporate training and consulting across a broad range of domains such as sales training, customer service training, soft skills and behavioural training, functional training and knowledge-based, skill-based training solutions for the employees of corporations operating in industries like automotive, banking and financial services, pharma and healthcare services etc.
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Business Standard
02-05-2025
- Business
- Business Standard
Wagons Learning IPO opens today; check price band, GMP, key dates, more
The initial public offering (IPO) of Wagons Learning opened for subscription today, May 2, 2025. The company aims to raise ₹38.38 crore from the public offering, which comprises a fresh issue of 3.09 million equity shares and an offer for sale (OFS) of 1.6 million shares with promoters Uday Jagannath Shetty and Raviraj Poojary divesting of 0.8 million equity shares each. The company has reserved around 50 per cent of the issue for retail investors, 11.99 per cent for qualified institutional buyers (QIBs), and 38.01 per cent for non-institutional investors (NIIs). Here are the key details of Wagons Learning IPO: Wagons Learning IPO price band, lot size The company has set the price band for Wagons Learning IPO in the range of ₹78-82 per equity share. The minimum lot size for an application is 1,600 shares. A retail investor would require a minimum investment amount of ₹1,24,800 to bid for one lot. The minimum investment required for high-net-worth individuals (HNIs) is ₹2,62,400 for two lots. Also Read The three-day subscription window will tentatively close on Tuesday, May 6, 2025. The basis of allotment will be finalised on or before Wednesday, May 7, 2025, according to the red herring prospectus (RHP). Shares of Wagons Learning are expected to be listed on the BSE SME platform on Friday, May 9, 2025. Wagons Learning IPO registrar, lead manager Cameo Corporate Services is the registrar of the issue. Khandwala Securities is the sole book-running lead manager. Wagons Learning IPO GMP On Friday, the unlisted shares of Wagons Learning were trading at a discount below the issue price of ₹82 in the grey market, according to the sources tracking official markets. Wagons Learning IPO objective From the net issue proceeds, the company aims to utilise ₹7.5 crore to meet the working capital requirements of the company and ₹4.5 crore for the prepayment/repayment of all or a portion of certain outstanding borrowings availed by the company. The remaining funds will be used for general corporate purposes, according to the red herring prospectus. About Wagons Learning Incorporated in October 2013, Wagons Learning is engaged in providing corporate training, digital learning, and skill development solutions. It runs on a B2B model and provides training and certifications, digital learning solutions, skill development solutions, trainer outsourcing and payroll management solutions to its clients. It specialises in corporate training and consulting across a broad range of domains such as sales training, customer service training, soft skills and behavioural training, functional training and knowledge-based, skill-based training solutions for the employees of corporations operating in industries like automotive, banking and financial services, pharma and healthcare services etc.
