Latest news with #WagonsLearning
Mint
07-05-2025
- Business
- Mint
Wagons Learning IPO: allotment to be out soon: Here are steps to check status online, GMP as focus shifts to listing
Wagons Learning IPO: The offer that began May 2, 2025, and concluded May 6, 2025. will see allotment being finalised soon. Here are steps to check status online, GMP as focus shifts to listing on the BSE SME on Friday, 9 May 2025 The Cameo Corporate Services Limited is the registrar for the Wagons Learning IPO and the Wagons Learning shares will be listed on the BSE SME, Hence to check Allotment status online investors need to either go to the registrar Cameo Corporate Services Limited website or the BSE SME Here are the steps to follow and check the status and GMP as focus shifts to listing: Step 1: Go to the website of RegistratCameo Corporate Services Limited and click the link: Step 2: Select any of the link windows for getting the Wagons Learning IPO allotment status Step 3: Select Wagons Learning Limited' from the 'Select IPO' dropdown menu. Step 4: Select any of the following — DPID or Demat number, application number or the PAN number Step 5: Enter the details from the option selected Step 7: Click the submit button Step 1: Go to the BSE website and click the link: tep 2: Select the issue type Step 3: Select Wagons Learning Limited' from the Issue name ' dropdown menu. Step 4: Select any of the following — DPID or Demat number, application number or the PAN number Step 5: Enter the details from the option selected Step 7: Click the submit button Wagons Learning IPO GMP or Grey Market Premium stood at Nil . This indicated that Wagons Learning shares were available in the grey market at the issue price and without any premium. The same also means that the market participants are not expecting any listing gains and the listing of Wagons Learning Services shares is expected to act at similar level and at the issue price of ₹ 82 a piece, without any premium Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
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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Digital learning solutions provider Wagons Learning has withdrawn its initial public offering (IPO), citing prevailing market conditions.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.
Mint
02-05-2025
- Business
- Mint
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.
Mint
02-05-2025
- Business
- Mint
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
