LawSikho, Legal Ed Tech SME IPO Debuts with Impressive Gains

LawSikho, an online legal education platform successfully conducted its small and medium enterprises' initial public offering (SME IPO) from January 19 to January 24, 2024 thereby becoming the first legal edtech company to become a Public Company on Indian Stock Market.

LawSikho is an education tech platform providing specialized courses in law, finance, AI, and other fields.

The company is promoted by Ramanuj Mukherjee and Abhyudaya Sunil Agarwal, currently holding a combined promoter stake of 92.27%.

The IPO generated notable interest among investors and premiered on the NSE SME platform on January 30, 2024. Shares began trading at ₹310, showing a remarkable 121.43% premium over the issue price.

Those who invested in the minimum lot of 1,000 shares gained a profit of ₹170,000 per lot.