Lawsikho IPO: Lawsikho is a leading online legal education platform in India, offering comprehensive courses for law aspirants, professionals, and corporate employees. It competes in the rapidly growing online education market within the broader legal services industry.
Lawsikho IPO Key Details:
- Issue Dates:
- Open: January 19, 2024
- Close: January 23, 2024
- Listing: Tentatively on January 29, 2024, on the NSE SME platform
- Offer Size: Rs. 60.16 crore
- Price Band: Rs. 130 to Rs. 140 per share
Latest News:
- Subscription Status: As of today, January 8, 2024, the subscription status for the Lawsikho IPO is yet to be announced. The official opening date is January 19th.
- Market Sentiment: Analysts are cautiously optimistic about the IPO, citing Lawsikho’s strong brand recognition and the potential of the online legal education market. However, concerns about the company’s profitability and the overall market volatility could dampen investor enthusiasm.
Lawsikho IPO Offer Details:
Securities Offered:
- Equity Shares: The Lawsikho IPO will only offer equity shares of Rs. 10 face value with no other types of securities like bonds or debentures. This means investors will become part owners of the company with voting rights based on the number of shares held.
Reservation Percentages:
- Retail Individual Investors (RII): 35% of the issue is reserved for retail investors. This is a positive signal for individual investors interested in participating in the IPO.
- Qualified Institutional Buyers (QIBs): 50% of the issue is reserved for QIBs, including mutual funds, insurance companies, and foreign institutional investors. This allocation reflects the company’s appeal to institutional investors.
- Non-Institutional Investors (NIIs): The remaining 15% of the issue is available for non-institutional investors, including corporate bodies and high net-worth individuals (HNIs).
Minimum Lot Size and Investment Amount:
- Minimum Lot Size: The minimum lot size for the Lawsikho IPO is 1000 shares. This means the minimum investment amount will depend on the final price band set at the time of the issue.
- Investment Amount: Based on the price band of Rs. 130 to Rs. 140 per share, the minimum investment amount would range between Rs. 130,000 and Rs. 140,000 (1000 shares * Rs. 130 or Rs. 140).
Lawsikho Company Profile:
History & Operations:
Founded in 2016, LawSikho is a young but rapidly growing online legal education platform based in India. It aims to bridge the gap between academic legal education and the practical skills needed for a successful legal career.
LawSikho offers a diverse range of comprehensive online courses in various legal domains, catering to:
- Law aspirants: Preparation for competitive exams, law school entrance tests, and skill development.
- Law professionals: Continuing education programs, specialization courses, and practical training in specific areas.
- Corporate employees: Legal awareness workshops, compliance training, and essential legal knowledge for business tasks.
The platform relies on live online classes, interactive case studies, expert faculty, and career guidance to deliver practical and industry-relevant knowledge.
Market Position & Share:
While estimating exact market share in the dynamic online education landscape is challenging, LawSikho is recognized as a leading player in the niche market of online legal education in India. Its focus on practical skills and industry partnerships gives it a distinct edge over traditional academic institutions.
Key Facts:
- Founded: 2016
- Founders: Ramanuj Mukherjee, Abhyuday Agarwal, Harsh Jain, Komal Shah
- Courses Offered: Over 30 in diverse legal domains
- Faculty: Industry experts, practicing lawyers, and legal academics
- Partnerships: Leading law firms, corporate entities, and universities
Prominent Brands & Partnerships:
- Lawctopus, LexTalk, iPleaders, and SuperLawyer are amongst LawSikho’s partner entities, expanding its reach and credibility.
Milestones & Achievements:
- Trained over 2000 learners through its various programs.
- Received positive feedback from industry experts and participants for its practical curriculum.
- Secured funding from prominent investors, showcasing its growth potential.
Competitive Advantages:
- Practical and industry-focused curriculum: Focused on skills needed for the real-world legal environment.
- Renowned faculty: Experienced legal professionals and leading industry experts.
- Interactive learning platforms: Live online classes, case studies, and simulations for practical application.
- Focus on career guidance and placement: Partnering with firms and organizations to create job opportunities.
Lawsikho’s plans for its Initial Public Offering (IPO) and how it intends to utilize the raised funds haven’t been officially announced yet. The draft red herring prospectus (DRHP) outlining these details typically gets filed with the regulatory authorities prior to the IPO opening date.
Lawsikho IPO: Lead Managers and Registrar
The official lead managers and registrar for the Lawsikho IPO haven’t been publicly announced yet. Typically, this information is disclosed in the draft red herring prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI) before the IPO opens. As of January 8, 2024, the DRHP isn’t available yet, and the IPO opening date is set for January 19th.
The registrar to the issue will also be revealed in the DRHP.
Lawsikho IPO Potential Risks:
Industry Headwinds:
- Competition: The online education market is becoming increasingly competitive, with established players and new entrants vying for market share. Lawsikho may face challenges in standing out and maintaining its growth trajectory.
- Regulatory Changes: The government landscape for online education could change, potentially impacting Lawsikho’s operations and business model.
- Technology Dependence: Reliance on technology platforms and internet connectivity poses potential risks of technical glitches, security breaches, or limited accessibility in certain regions.
Company-Specific Challenges:
- Profitability: While Lawsikho is experiencing growth, its profitability remains unconfirmed. Investors need to carefully assess the company’s potential path towards profitability and its dependence on future funding.
- Faculty Retention: Lawsikho’s success relies heavily on its expert faculty. Retaining talent and attracting renowned legal professionals could be a challenge.
- Content Relevance: Keeping courses updated and relevant to industry demands and evolving legal landscapes is crucial to maintain subscriber engagement and prevent content obsolescence.
Also Read: How to Apply for an IPO?
