Upcoming IPO: Wagons Learning to launch IPO on May 2; check out issue date, size, subscription, and other key details

Wagons Learning, a Pune-based corporate training company, will open its initial public offering (IPO) on Friday, May 2. The 5-day IPO will close on May 6.

Wagons Learning IPO: Key details

This will be a Rs 38.38 crore SME IPO. Let's check out the key details.

Price band: The price band has been fixed at Rs 78 to Rs 82 per equity share. The face value is Rs 10 each. Subscribers can make a bid for a minimum of 1,600 equity shares and in multiples of 1,600 after that.

Fresh issue & OFS: Out of 46.8 lakh shares IPO, 30.8 lakh shares worth Rs 25.26 crore will be a fresh issue, while there will be an offer-for-sale (OFS) of Rs 13.12 crore by the promoters. 

Retail investors & others: The company has reserved half of the shares for retail investors. 11.99 per cent and 38.01 per cent shares have been kept for qualified institutional buyers and non-institutional investors, respectively.

Minimum lot size for HNIs: The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to Rs 2,62,400.

Use of proceeds: The company will use the IPO proceeds for repayment of debt, and general corporate purposes.

Listing date: Wagons Learning IPO will be list on BSE SME with a tentative listing date fixed as Friday, May 9, 2025.

Wagons Learning business profile

Started in 2013, Wagons Learning provides corporate training, digital learning, and skill development solutions. The company operates on a B2B model, offering services such as training and certifications, digital learning (LMS/LXP), skill development, trainer outsourcing, and payroll management.