India-based Wagons Learning Limited, a corporate training and digital learning solutions provider, will open its Initial Public Offering (IPO) for subscription on May 2, 2025. Headquartered in Maharashtra, the company aims to raise ₹25.26 crore through a fresh issue while addressing debts and corporate expenses. The IPO is priced between ₹78 and ₹82 per equity share. Wagons Learning has already trained over 550,000 professionals, and its expansion plans include launching B2C certification programs and extending operations in the UAE.
Wagons Learning Limited, headquartered in Maharashtra, India, is set to open its Initial Public Offering (IPO) for subscription on May 2, 2025, and will remain open until May 6, 2025. The IPO price band has been fixed between ₹78 and ₹82 per equity share with a face value of ₹10 each.
Wagons Learning is a corporate training and digital learning solutions company that delivers B2B services across multiple sectors including automotive, BFSI, and healthcare. The company offers training programs, certifications, LMS platforms, and payroll services. It has already trained over 550,000 professionals and operates in the UAE, with future plans to launch a B2C model offering certification programs for individuals.
The IPO consists of a fresh issue of 30.80 lakh equity shares, aggregating to ₹25.26 crore, and an offer-for-sale (OFS) of 13.12 crore equity shares by promoters. Proceeds from the IPO will be used to fulfill working capital needs, repay certain borrowings, and meet general corporate expenses.
In FY2024, the company reported a revenue from operations of ₹3,337.68 lakhs, with EBITDA at ₹812.65 lakhs and PAT of ₹561.21 lakhs. As of December 2024, revenue stood at ₹3,305.78 lakhs, with EBITDA at ₹844.15 lakhs and PAT at ₹554.39 lakhs.
This IPO marks a pivotal moment in our journey. It will boost our global presence, support our entry into the B2C segment, and strengthen our domestic operations.”
Uday Jagannath Shetty, Chairman & CEO of Ather Energy
Khandwala Securities Ltd is the lead book-running manager, Cameo Corporate Services Ltd serves as the registrar, and Rikhav Securities Ltd is the market maker for the IPO.
As per Investorgain, the Grey Market Premium (GMP) for the Wagons Learning IPO stood at ₹0 on April 29, 2025, indicating that the shares were trading at par with the issue price.
