Innomet Advanced Materials IPO vs Sodhani Academy of Fintech Enablers IPO

Comparision between Innomet Advanced Materials IPO and Sodhani Academy of Fintech Enablers IPO.

IPO Details

Innomet Advanced Materials IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sodhani Academy of Fintech Enablers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Innomet Advanced Materials IPO	Sodhani Academy of Fintech Enablers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Expert Global Consultants Private Limited	Srujan Alpha Capital Advisors Llp
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Prabhat Financial Services Ltd.	Prabhat Financial Services Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Innomet Advanced Materials IPO is up to ₹34.24 Cr whereas the issue size of the Sodhani Academy of Fintech Enablers IPO is up to ₹6.12 Cr. The final issue price of Innomet Advanced Materials IPO is ₹100.00 per share and of Sodhani Academy of Fintech Enablers IPO is ₹40.00 per share.

	Innomet Advanced Materials IPO	Sodhani Academy of Fintech Enablers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹100.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	34,23,600 shares	9,70,000 shares
Fresh Issue Size (Amount)	up to ₹34.24 Cr	up to ₹3.88 Cr
OFS Issue Size		5,60,000 shares
OFS Issue Size (Amount)		up to ₹2.24 Cr
Issue Size Total	34,23,600 shares	15,30,000 shares
Issue Size Total (Amount)	up to ₹34.24 Cr	up to ₹6.12 Cr

IPO Timetable

Innomet Advanced Materials IPO opens on Sep 11, 2024, while Sodhani Academy of Fintech Enablers IPO opens on Sep 12, 2024. The closing date of Innomet Advanced Materials IPO and Sodhani Academy of Fintech Enablers IPO is Sep 13, 2024, and Sep 17, 2024, respectively.

	Innomet Advanced Materials IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Bid Date
Issue Open	Sep 11, 2024	Sep 12, 2024
Issue Close	Sep 13, 2024	Sep 17, 2024
Basis Of Allotment (Tentative)	Sep 16, 2024	Sep 18, 2024
Initiation of Refunds (Tentative)	Sep 17, 2024	Sep 19, 2024
Credit of Share (Tentative)	Sep 17, 2024	Sep 19, 2024
Listing date (Tentative)	Sep 18, 2024	Sep 20, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Innomet Advanced Materials IPO P/E ratio is 37.78, as compared to Sodhani Academy of Fintech Enablers IPO P/E ratio of 10.32.

Innomet Advanced Materials IPO

Sodhani Academy of Fintech Enablers IPO

Financial

Innomet Advanced Materials Limited Financial Information (Restated)

Innomet Advanced Materials Limited's revenue increased by 9% and profit after tax (PAT) dropped by -22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,416.76	1,213.68	974.01
Revenue	2,955.45	2,714.78	2,240.35
Profit After Tax	251.91	321.55	55.17
Net Worth	1,472	705.94	379.78
Reserves and Surplus	520.35	417.62	91.46
Total Borrowing	1,331.29	1,209.5	981.51
Amount in ₹ Lakhs

Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)

Sodhani Academy of Fintech Enablers Limited's revenue increased by 51% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	660.04	501.57	363.2
Revenue	306.95	203.45	188.19
Profit After Tax	183.17	138.6	123.91
Net Worth	656.22	476.85	338.25
Reserves and Surplus	183.72	341.85	311.25
Total Borrowing		2.65	4.1
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

74.52%

99.99%

Promoter Shareholding (Post-Issue)

54.80%

73.12%

P/E Ratio

37.78

10.32

Market Cap

₹129.40 Cr.

₹22.78 Cr.

ROE

21.37%%

27.91%%

ROCE

16.27%%

36.77%%

Debt/Equity

1.27

EPS

₹2.65

₹3.88

RoNW

17.11%%

27.91%%

Shares Offered

In the Innomet Advanced Materials IPO retail investors (RII) are offered 16,26,000 shares while in Sodhani Academy of Fintech Enablers IPO retail investors are offered 16,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innomet Advanced Materials IPO and 0 shares in Sodhani Academy of Fintech Enablers IPO.

	Innomet Advanced Materials IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,71,600 shares	78,000 shares
QIB	0 shares	0 shares
NII	16,26,000 shares	7,26,000 shares
RII	16,26,000 shares	7,26,000 shares
Employee	0 shares	0 shares
Others
Total	32,52,000 shares	14,52,000 shares

Bids Received (Subscription)

Innomet Advanced Materials IPO subscribed 323.92x in total, whereas Sodhani Academy of Fintech Enablers IPO subscribed 438.72x.

	Innomet Advanced Materials IPO	Sodhani Academy of Fintech Enablers IPO
QIB (times)
NII (times)	367.77x	511.34x
Big NII (times)
Small NII (times)
RII (times)	226.97x	358.47x
Employee (times)
Other (times)
Total (times)	323.92x	438.72x

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