
Wagons Learning IPO description – Wagons Learning specializes in delivering corporate training, digital learning, and skill development solutions. Operating on a B2B model, the company offers training and certifications, digital learning solutions, skill development services, trainer outsourcing, and payroll management solutions to its clients.
The company specializes in corporate training and consulting across various domains, including sales training, customer service training, soft skills and behavioral training, functional training, and knowledge-based and skill-based solutions. These services are tailored to employees of corporations operating in industries such as automotive, banking and financial services, pharma, and healthcare services.
Wagons offers comprehensive and advanced digital learning solutions. Its digital library is compatible with all Learning Management Systems (LMS) and Learning Experience Platforms (LxP). The company’s full suite of software services includes LMS, LxP, and digital libraries, catering to corporates, universities, schools, and colleges.
The company is certified by the National Skill Development Corporation (NSDC) to conduct a range of skill development programs under the Skill Sathi initiative. As of July 2024, Wagons Learning has trained 5,00,000 professionals through classroom, virtual, and digital modules. The company currently employs 77 full-time staff members.

Promoters of Wagons Learning – Uday Jagannath Shetty, and Raviraj Poojary
Table of Contents
Wagons Learning IPO Details
IMPORTANT UPDATE – The company withdrew the issue due to prevailing market conditions.
Wagons Learning IPO Dates | 2 – 6 May 2025 (Issue withdrawn) |
Wagons Learning Issue Price | INR 78 – 82 per share |
Fresh issue | 30,80,000 shares (INR 24.02 – 25.26 crore) |
Offer For Sale | 16,00,000 shares (INR 12.48 – 13.12 crore) |
Total IPO size | 46,80,000 shares (INR 36.50 – 38.38 crore) |
Minimum bid (lot size) | 1,600 shares (INR 1,31,200) |
Face Value | INR 10 per share |
Retail Allocation | 35% |
Listing On | BSE SME |
Wagons Learning Financial Performance
FY 2022 | FY 2023 | FY 2024 | 9M FY 2024 | |
Revenue | 9.79 | 16.11 | 33.38 | 33.06 |
Expenses | 9.74 | 15.15 | 26.05 | 25.79 |
Net income | 0.09 | 0.71 | 5.61 | 5.54 |
Wagons Learning Offer News
- Wagons Learning RHP
- Wagons Learning Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Wagons Learning Valuations & Margins
FY 2022 | FY 2023 | FY 2024 | |
EPS | 0.13 | 0.76 | 4.48 |
PE ratio | – | – | 17.41 – 18.30 |
RONW (%) | 3.35 | 15.95 | 60.80 |
NAV | 4.38 | 5.14 | 10.91 |
ROCE (%) | 4.69 | 17.74 | 45.27 |
EBITDA (%) | 2.61 | 7.48 | 24.34 |
Debt/Equity | 0.24 | 0.35 | 0.31 |
Wagons Learning IPO GMP Today
Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
Coming soon | – | – | – |
Wagons Learning IPO Subscription – Live Updates
The market maker reservation portion of 2,35,200 shares is not included in the above calculations.
Wagons Learning IPO Allotment Status
Wagons Learning IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Wagons Learning IPO Dates & Listing Performance
IPO Opening Date | 2 May 2025 |
IPO Closing Date | 6 May 2025 |
Finalization of Basis of Allotment | 7 May 2025 |
Initiation of refunds | 8 May 2025 |
Transfer of shares to demat accounts | 8 May 2025 |
IPO Listing Date | 9 May 2025 |
Opening Price on BSE SME | Coming soon |
Closing Price on BSE SME | Coming soon |
Wagons Learning Offer Lead Manager
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: [email protected]
Website: www.kslindia.com
Wagons Learning Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700/ 2846 0390
Email: [email protected]
Website: www.cameoindia.com
Wagons Learning Contact Details
WAGONS LEARNING LIMITED
Office No. 302, Tower 2, Montreal Business Center,
Pallod Farms, Baner, Pune – 411045, Maharashtra, India
Phone: +91-8149006055
E-mail: [email protected]
Website: www.wagonslearning.com
IPO FAQs
What is Wagons Learning offer size?
Wagons Learning offer size is INR 36.50 – 38.38 crores.
What is Wagons Learning offer price band?
Wagons Learning public offer price is INR 78 – 82 per share.
What is the lot size of Wagons Learning IPO?
Wagons Learning offer lot size is 1,600 shares.
What is Wagons Learning IPO GMP today?
Wagons Learning IPO GMP today is INR NA per share.
What is Wagons Learning kostak rate today?
Wagons Learning kostak rate today is INR NA per application.
What is Wagons Learning IPO Subject to Sauda rate today?
Wagons Learning Subject to Sauda rate today is INR NA per application.