Sodhani Academy of Fintech Enablers IPO will open for subscription from 12 September 2024. The company aims for an issue size of ₹6.12 Cr through this IPO.
Company Overview
| Full name | Sodhani Academy of Fintech Enablers Limited |
| Sector | Other |
| Industry | Educational Institutions |
| Company Website | https://www.safefintech.in/home |
About Company
Sodhani Academy of Fintech Enablers specializes in providing training, consultancy, and educational services. The company’s core focus is on financial literacy and awareness, which involves equipping individuals with the knowledge and skills needed to make informed and responsible financial decisions. This includes understanding key financial concepts, managing money efficiently, budgeting wisely, saving and investing smartly, and gaining insight into basic financial products and services.
The company’s training, consultancy, and learning services primarily focus on key areas such as financial planning, fundamental analysis, technical analysis, stock market basics, and retirement planning. The organization’s learners encompass a diverse group, including students (both those currently in training and qualified applicants), recent graduates (collectively referred to as students), unemployed individuals, and homemakers (collectively referred to as learners). They engage in financial education and literacy programs through courses, seminars, events, and educational materials. As of September 2024, the company employed 9 full-time staff members and 7 professional trainers under the professional employment model.
The Objectives of the Issue
- Building content Studio and Offline training infrastructure;
- Information Technology (Hardware including Software) Procurement;
- Content Development for course material;
- Enhancement of brand visibility and awareness;
- Learning Management System (LMS) Application development; and
- General Corporate Purpose.
Sodhani Academy of Fintech Enablers IPO Timetable
| IPO Opening date | 12 September 2024 |
| IPO Closing | 17 September 2024 |
| Basis of Allotment | 18 September 2024 |
| Initiation Refund | 19 September 2024 |
| Credit to Demat Account | 19 September 2024 |
| Listing Date | 20 September 2024 |
Sodhani Academy of Fintech Enablers IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹6.12 Cr – 1,530,000 shares |
| Fresh Issue | ₹3.88 Cr – 970,000 shares |
| Offer for sale | ₹2.24 Cr – 560,000 shares |
| Face value | ₹10 per share |
| Offer Price | ₹40 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 78,000 shares |
| Shareholding pre-issue | 4,725,000 |
| Shareholding post-issue | 5,695,000 |
| Listing Exchange | BSE SME |
Sodhani Academy of Fintech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
Sodhani Academy of Fintech Enablers Offer Documents
- Sodhani Academy of Fintech Enablers IPO DRHP
- Sodhani Academy of Fintech Enablers IPO addendum to DRHP
- Sodhani Academy of Fintech Enablers IPO RHP
Sodhani Academy of Fintech IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 78,000 (5.1%) |
| Other Shares Offered | 7,26,000 (47.45%) |
| Retail Shares Offered | 7,26,000 (47.45%) |
| Total Shares Offered | 15,30,000 (100%) |
Sodhani Academy of Fintech Enablers Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 185.89 | 137.58 | 205.08 |
| Expenses | 14.80 | 28.01 | 65.68 |
| Net income | 123.91 | 138.60 | 183.17 |
Sodhani Academy of Fintech Enablers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 10.42 | 2.95 | 3.88 |
| PE ratio | – | – | 10.31 |
| RONW (%) | 36.63 | 29.23 | 27.91 |
| NAV | 28.45 | 10.09 | 13.89 |
| ROCE (%) | 51.27 | 36.79 | 36.77 |
| EBITDA (%) | 93.29 | 127.52 | 117.65 |
| Debt/Equity | 0.01 | 0.01 | – |
Company Promoters
- Mr. Rajesh Kumar Sodhani
- Mrs. Priya Sodhani
- Rajesh Kumar Sodhani HUF
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.12% |
Sodhani Academy of Fintech Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 19 September 2024 | 15 | – | 34,000 |
| 18 September 2024 | 15 | – | 34,000 |
| 17 September 2024 | 12 | – | 20,000 |
| 16 September 2024 | 12 | – | 18,500 |
| 14 September 2024 | 12 | – | 18,000 |
Sodhani Academy of Fintech IPO Subscription Update
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 7,26,000 | 7,26,000 | 14,52,000 |
| 17 Sep 2024 | 519.07 | 358.47 | 438.77 |
| 16 Sep 2024 | 18.81 | 79.47 | 49.14 |
| 13 Sep 2024 | 3.58 | 16.32 | 9.95 |
| 12 Sep 2024 | 1.13 | 3.10 | 2.11 |
Sodhani Academy of Fintech Enablers IPO Allotment Status
Sodhani Academy IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Sodhani Academy of Fintech Enablers IPO Listing Details
| Listing Date | 20 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
Sodhani Academy of Fintech IPO Lead Manager(s)
SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com
Sodhani Academy of Fintech Enablers 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: ipo@cameoindia.com
Website: www.cameoindia.com
Sodhani Academy of Fintech Enablers Contact Details
SODHANI ACADEMY OF FINTECH ENABLERS LIMITED
P No. C 373, First Floor, C Block Vaishali Nagar,
Jaipur-302021, Rajasthan, India
Phone: 0141- 2358107
E-mail: safe.fintech3105@gmail.com
Website: www.safefintech.in
Sodhani Academy of Fintech Enablers IPO FAQs
What is the Sodhani Academy of Fintech Enablers IPO size?
Sodhani Academy’s offer size is ₹ 6.12 crores.
What is Sodhani Academy IPO price band?
Sodhani Academy public offer price is ₹ 40 per share.
What is the lot size of the Sodhani Academy of Fintech Enablers IPO?
Sodhani Academy offer lot size is 3,000 shares.
What is Sodhani Academy Offer GMP today?
Sodhani Academy IPO GMP today is ₹ 15 per share.
What is Sodhani Academy kostak rate today?
Sodhani Academy kostak rate today is ₹ NA per application.
What is Sodhani Academy Subject to Sauda rate today?
Sodhani Academy is Subject to Sauda rate today is ₹ 34,000 per application.
Final thoughts
Sodhani Academy of Fintech Enablers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
