Popular Foundations IPO vs Sodhani Academy of Fintech Enablers IPO

Comparision between Popular Foundations IPO and Sodhani Academy of Fintech Enablers IPO.

IPO Details

Popular Foundations IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sodhani Academy of Fintech Enablers IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Popular Foundations 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	BSE SME	BSE SME
Lead Managers	Srujan Alpha Capital Advisors Llp	Srujan Alpha Capital Advisors Llp
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker	Spread X Securities Private Limited	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 Popular Foundations IPO is up to ₹19.87 Cr whereas the issue size of the Sodhani Academy of Fintech Enablers IPO is up to ₹6.12 Cr. The final issue price of Popular Foundations IPO is ₹37.00 per share and of Sodhani Academy of Fintech Enablers IPO is ₹40.00 per share.

	Popular Foundations IPO	Sodhani Academy of Fintech Enablers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹37.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	53,70,000 shares	9,70,000 shares
Fresh Issue Size (Amount)	up to ₹19.87 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	53,70,000 shares	15,30,000 shares
Issue Size Total (Amount)	up to ₹19.87 Cr	up to ₹6.12 Cr

IPO Timetable

Popular Foundations IPO opens on Sep 13, 2024, while Sodhani Academy of Fintech Enablers IPO opens on Sep 12, 2024. The closing date of Popular Foundations IPO and Sodhani Academy of Fintech Enablers IPO is Sep 19, 2024, and Sep 17, 2024, respectively.

	Popular Foundations IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Bid Date
Issue Open	Sep 13, 2024	Sep 12, 2024
Issue Close	Sep 19, 2024	Sep 17, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 18, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 19, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 19, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 20, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Popular Foundations IPO P/E ratio is 15.97, as compared to Sodhani Academy of Fintech Enablers IPO P/E ratio of 10.32.

Popular Foundations IPO

Sodhani Academy of Fintech Enablers IPO

Financial

Popular Foundations Limited Financial Information (Restated)

Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% 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	6,354.87	4,864.7	4,929.49
Revenue	5,191	4,866.89	2,630.17
Profit After Tax	347.76	119.61	48.08
Net Worth	2,313.11	1,483.69	1,384.08
Reserves and Surplus	812.31	1,383.69	1,284.08
Total Borrowing	1,578.4	1,753.99	1,835.37
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)

83.36%

99.99%

Promoter Shareholding (Post-Issue)

61.39%

73.12%

P/E Ratio

15.97

10.32

Market Cap

₹75.40 Cr.

₹22.78 Cr.

ROE

23.17%%

27.91%%

ROCE

22.77%%

36.77%%

Debt/Equity

EPS

₹2.32

₹3.88

RoNW

15.03%%

27.91%%

Shares Offered

In the Popular Foundations IPO retail investors (RII) are offered 25,50,000 shares while in Sodhani Academy of Fintech Enablers IPO retail investors are offered 25,50,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Popular Foundations IPO and 0 shares in Sodhani Academy of Fintech Enablers IPO.

	Popular Foundations IPO	Sodhani Academy of Fintech Enablers IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,70,000 shares	78,000 shares
QIB	0 shares	0 shares
NII	25,50,000 shares	7,26,000 shares
RII	25,50,000 shares	7,26,000 shares
Employee	0 shares	0 shares
Others
Total	51,00,001 shares	14,52,000 shares

Bids Received (Subscription)

Popular Foundations IPO subscribed 9.21x in total, whereas Sodhani Academy of Fintech Enablers IPO subscribed 438.72x.

	Popular Foundations IPO	Sodhani Academy of Fintech Enablers IPO
QIB (times)
NII (times)	3.54x	511.34x
Big NII (times)
Small NII (times)
RII (times)	14.89x	358.47x
Employee (times)
Other (times)
Total (times)	9.21x	438.72x

Compare with others

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Paramount Speciality Forgings IPO	Popular Foundations IPO
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Envirotech Systems IPO	Trafiksol ITS Technologies IPO
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