Wagons Learning Limited is a leading player in the corporate training, digital learning, and skill development sector. The company operates on a B2B model, offering a wide range of services such as Training and Certifications, Digital Learning Solutions, Skill Development, Trainer Outsourcing, and Payroll Management Solutions to clients across industries.

The company has filed for an IPO amounting to ₹ 38.38 Crores, which consists of a Fresh Issue of 30.80 Lakh Shares worth ₹ 25.26 Crores and an Offer for Sale of 16.00 Lakh Shares totaling ₹ 13.12 Crores. The share price band for the IPO has been set at ₹ 78 to ₹ 82 per equity share. The final dates for the IPO are yet to be announced.

At the upper price band of ₹ 82 per share, Wagons Learning Limited's market capitalization at the IPO price will be ₹ 127.92 Crores. The lot size for the IPO is 1,600 shares, which means a retail investor will need to invest a minimum of ₹ 1,31,200. For High-Net-Worth Individuals (HNIs), the minimum investment is 2 lots (12,000 shares), amounting to ₹ 2,62,400.

IPO Subscription and Market Updates

As of the latest update, there are no significant updates on the IPO subscription status or Grey Market Premium (GMP), with the GMP for Wagons Learning IPO expected to be ₹ 0 based on the company's financials. The Grey Market Premium reflects the unorganized market's demand and supply dynamics and serves as an educational tool rather than an accurate price discovery mechanism.

• Wagons Learning IPO GMP Today: ₹ 0 (0.00%)

• IPO Subscription Status: Yet to be announced.

IPO Allotment Date and How to Check Status

The allotment date for the Wagons Learning IPO is yet to be confirmed. Once available, investors can check their allotment status by following these steps:

1. Visit the IPO allotment status page.

2. Select Wagons Learning Limited IPO from the dropdown.

3. Enter your application number, PAN, or DP Client ID.

4. Submit the details to view the allotment status.

Objectives of the Wagons Learning IPO

The company intends to utilize the proceeds from the IPO for the following purposes:

1. ₹ 750.00 Lakh for working capital requirements.

2. ₹ 450.00 Lakh for prepayment or repayment of certain borrowings.

3. Offer related expenses.

4. General corporate purposes.

Financial Performance and Valuation

Wagons Learning has shown consistent growth in its financials over the past few years, with the revenue from operations for the fiscal year ending December 31, 2024 standing at ₹ 3,323.46 Lakh. The company's EBITDA for FY24 was ₹ 844.17 Lakh, while its Profit After Tax (PAT) stood at ₹ 554.39 Lakh.

Key performance metrics:

• Pre-issue EPS for FY24: ₹ 4.48

• Post-issue EPS for FY24: ₹ 3.60

• Pre-issue P/E ratio: 18.30x

• Post-issue P/E ratio: 22.79x

• Industry P/E ratio: 23x

• ROCE: 45.27%

• ROE: 60.80%

• RoNW: 60.80%

These financial figures highlight a healthy growth trajectory, though the post-issue P/E ratio indicates the IPO is priced somewhat near the industry average.

Grey Market Premium and Listing Expectations

The Grey Market Premium (GMP) for the Wagons Learning IPO is ₹ 0, which indicates that there is currently no significant demand in the unlisted market for the shares before their official listing. This does not imply any significant listing gains, and the price discovery will happen once the shares are listed on the exchange.

Wagons Learning IPO Review: Investment Outlook

Given the company's solid financials and the steady growth demonstrated over the past few years, Wagons Learning IPO might appeal to investors who believe in the growth of the corporate training and digital learning sectors. However, with the GMP at ₹ 0, the IPO appears to be fairly priced with limited immediate listing gains.

Recommendation: Based on the company's financials and the grey market trend, investors should avoid the Wagons Learning IPO for short-term listing gains. For long-term investment, one should evaluate the company's performance post-listing and consider the broader market dynamics in the ed-tech and skill development sectors.

The Upcoming IPOs in this week and coming weeks are Integrity Belrise Industries,Infrabuild Developers, Virtual Galaxy Infotech, Accretion Pharmaceuticals, Wagons Learning.

The Closed IPOs are Srigee DLM, Manoj Jewellers.

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