Wagons Learning Limited is coming up with an IPO consisting of a fresh issue of 30,80,000 shares worth INR 25.26 crores and an offer to sell existing shares of 16,00,000 worth INR 13.12 crores. The company aims to repay borrowings, fund working capital requirements and general corporate purposes.

Wagons Learning IPO – Important Dates

Wagons Learning Limited IPO – Company Profile

Wagons Learning Limited is engaged in providing corporate training, digital learning, and skill development solutions under a B2B model. Its services include certifications, trainer outsourcing, payroll management, and customised training across sectors like automotive, BFSI, pharma, and healthcare.

The company’s digital learning offerings include LMS, LxP, and digital libraries for corporates, universities, and schools. Wagons is NSDC-certified and has trained over 550,000 professionals, and actively supports workforce skill upgradation across India.

With a branch office in Dubai, Wagons Learning is expanding globally, offering EdTech solutions, government projects, and self-paced vocational modules. The company is also entering the B2C space with industry-ready certification programs.

Wagons Learning Ltd IPO Fundamental Analysis

Wagons Learning Limited’s financial analysis reveals a mixed performance. Revenue has shown strong growth alongside rising profits and assets, but declining liquidity and rising debt reliance highlight challenges.

• 1. Revenue Trend: The revenue increased from ₹1,616.57 lakhs in March 2023 to ₹3,350.72 lakhs in March 2024. The revenue for 9 months period ended December 2024 is INR 3,323.46 lakhs. 
• 2. Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 

• 3. Profitability: The profit after tax (PAT) has significantly increased from ₹70.92 lakhs in March 2023 to ₹561.21 lakhs in March 2024, boosting investor confidence. The profit for the 9-month period ending in December 2024 is ₹801.93 lakh.

• 4. Earnings per Share (EPS): The diluted EPS has increased from ₹0.76 in March 2023 to ₹4.48 in March 2024, reflecting higher earnings per share for investors. The diluted EPS for 9 months period ended in December 2024 is ₹4.43. 

• 5. Return on Net Worth (RoNW): The RoNW has risen from 15.95% to 60.80%, indicating an increase in the company’s ability to generate returns on shareholder equity.

• 6. Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has decreased, indicating weakening liquidity and potential challenges in meeting short-term obligations. 

Wagons Learning IPO Financial Analysis

Wagons Learning Limited IPO Peer Comparison

Wagons Learning Limited shows growth in RoNW, NIIT Learning Systems Limited excels in revenue with strong P/E ratio, and Vinsys IT Services India Limited leads in NAV.

Wagons Learning Ltd IPO Objective

The main objective of Wagons Learning Limited is to meet working capital requirements, repay or prepay borrowings availed by the company and fund general corporate purposes. 

1. Meet Working Capital Requirements: The company intends to utilise INR 750 crore from the Net Proceeds to meet their working capital requirements. 

2. Prepayment or repayment of all or a portion of certain outstanding borrowings, availed by the company: The company intends to utilise INR 450 crore from the Net Proceeds for the prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company. 

3. General corporate purposes: The company will deploy the remaining proceeds to fund general corporate purposes to support business growth. 

Wagons Learning IPO Risks And Challenges

Wagons Learning Limited’s risks include termination of lease/license, non-compliance, and delays in filing returns, which could adversely impact operations, profitability, and business performance. 

• The company doesn’t own the premises in which its registered office is located, and the same is taken on a lease arrangement. Any termination of such lease/license could adversely affect their operations.

• The company may not have complied with certain provisions of the Companies Act, 2013. Any non-compliance or lapses could result in penalties, potentially impacting the financial position of the company. 

• The company has delayed the filing of certain returns required under the GST Act, 2017, and the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Any such delays in the future could materially affect its operations and financial position.

Wagons Learning Ltd IPO – Industry & Market Potential

The Corporate Training Market in India grew at a 9.8% CAGR during 2017–2022, despite a contraction in FY2021 due to the COVID-19 pandemic. IT and service sectors quickly adapted to hybrid work, enabling training continuity through digital platforms.

From FY2023 to FY2027, the market is projected to grow at a 16.3% CAGR. Growth is supported by India’s young workforce, robust service industry, rising GDP, and underpenetrated training landscape compared to global standards.

Future demand will focus on experiential learning powered by AR/VR, metaverse, and microlearning. High-growth areas include AI-ML, data analytics, cybersecurity, and cloud infrastructure, with IT and BFSI sectors driving adoption.

Wagons Learning Limited IPO – Type of Offer

Wagons Learning Limited plans a fresh issue of 30,80,000 shares, seeking INR 25.26 crores to repay borrowings, fund working capital requirements and general corporate purposes. Additionally, the company proposes an offer to sell existing shares of 16,00,000 worth INR 13.12 crores. 

1. Fresh Issue: The company will issue 30,80,000 new shares to raise capital, aiming to collect INR 25.26 crores. The company intends to utilise the proceeds to repay borrowings, fund working capital requirements and general corporate purposes.
2. Offer for sale: Wagons Learning Limited is offering to sell existing shares of 16,00,000 worth INR 13.12 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:

Wagons Learning IPO Offer Size

The offer size of Wagons Learning Limited is INR 38.38 crores, consisting of a fresh issue of 30,80,000 shares worth INR 25.26 crores and an offer to sell existing shares of 16,00,000 worth INR 13.12 crores. The company aims to repay borrowings, fund working capital requirements and general corporate purposes.

Wagons Learning Limited IPO Allotment Structure

Wagons Learning Limited’s allocation will be as follows: 12% for Qualified Institutional Buyers (QIB), 38% for Non-Institutional Investors (NII), and 50% for Retail Individual Investors (RII) according to SEBI regulations. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 12% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 38% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs 2 lakhs.

● Retail Individual Investors (RII): The remaining 50% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 2,35,200 shares, is reserved for market makers. 

How to apply for the Wagons Learning IPO?

To apply for the Wagons Learning Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Wagons Learning Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Wagons Learning Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Wagons Learning IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Wagons Learning Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Wagons Learning Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

Apart from Alice Blue, there are other ways to check the allotment status of the Wagons Learning Limited IPO:

● Registrar’s Website: Visit the website of Cameo Corporate Services Limited, the registrar of the Wagons Learning Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status. 

● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange Small and Medium Enterprises (BSE SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes. 

Wagons Learning Ltd IPO Offer Registrar

The registrar for the Wagons Learning Limited IPO is Cameo Corporate Services Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

Cameo Corporate Services Limited 

Subramanian Building No.1 Clubhouse Road

Chennai, Tamil Nadu, India – 600002

Tel: 044 – 2846 0390

E-mail: [email protected]

Website: www.cameoindia.com

Wagons Learning IPO – FAQs