Sodhani Academy of Fintech Enablers Limited IPO Message Board (Page 4)

Nowadays higher liquidity in retail sector leading subscription in higher multipliers in all IPO's. For SME's it looks more aggressive

Given the bank holiday on the 18th and dates for IPOs closing on that date being extended to the 19th, the funds used for SAFE should not clash with any other IPO (assuming they still get unblocked on the 19th). That will further inflate subscription numbers.

Actually, given the bank holiday, the listing cycle for all affected IPOs should get extended by a day. So, Sodhani funds would not be available till the 20th.

Avoiding SME ipos for now due to traficsol fiasco https://www.zeebiz.com/markets/ipo/news-bse-takes-action-on-sme-listing-bound-trafiksol-315477

Final Verdict - AVOID, keeping in mind LM's last performance vs what was boasted all about. Also, company's fundamentals are not strong.

Moreover, there are more IPOs closing tomorrow and day after, which are more attractive.

GMP increasing but overall review is not encouraging... any volume in grey market ?

its a first co. like related to financial education .... will list.... i'm positive on this

When one sees Mirage , one chases such issues. Market mood and false euphoria drive market sentiments which at times defies all logic !!

Will they teach their students not to invest in shady IPOs like this?

LM's last issue, the GMP demand was there but the listing was very subdued. Expect something more or less same here, visible from 13% issue expenses.

Before the co., essential here is what the promoter does. Mr. Sodhani who is a SEBI Registered Analyst and former licensed MF Distributor; alongwith his daughter is using good marketing tactics to sound right and offer what's trending. From stock market courses, to women empowerment, to AI related courses, digital marketing, to safeguarding money. He also uses X Spaces as well which promotes this company in form of events in cities promoting stock market education and courses and aims to provide "employment generation through his courses" ?! 45 Student single studio in operation currently and the rest students are sourced online.

36% of the issue is OFS, when already the scale of operations have no growth and fluctuating in numbers. Rest around 3.9 cr is being used to expand the coaching studio to 90 students capacity and better teaching infrastructure. Corporate training sessions are on the rise which are the big ticket sessions (Rs 2 lakh per session) and needs much more scaling up to seem substantial. Group companies include a small NBFC recently acquired to distribute small ticket unsecured loans and a mutual fund distributor company.

Revenues in current year are inflated due to sale of property, removing that PAT comes near 0.98 cr, resulting in a 23 P/E at IPO Price, which is high. On a total balance sheet of 6.6 cr, almost 4.5 cr are non-current investments which are nothing but equity shares and mutual funds units purchased. Taking advantage of limited approach of accounting standards helps them show these at cost and not at Fair Value (like in IND AS). Any decline in these investments may be given the nature of "temporary" and ignore its recognition completely in the books, keeping the balance sheet inflated.

If the company can be scaled up something like Lawsikho, then the potential is big. Better more if it targets its NBFC biz and consultancy biz. But the approach currently is limited to only markets and investor awareness; and despite the small scale, the IPO proceeds are being used for OFS when the company needs funds to grow. People are prone to find cheaper alternatives for courses like this and the longevity is limited. The euphoria in markets might sail this one through till the time of listing and shorty afterwards but in medium term and going ahead, how "SAFE" will this investment be is unknown given that there is nothing that seems to catch the eye.

Many people related to this company do price manipulation openly on national tv.

​@IPOLearning Can you pl summarise the contents in the interest of others who are not aware of such manipulation talk if any ...

90%

up or down :-)

Applying or Avoiding ?

SMS ke Bade Bhai ka IPO.

​@rohiitian Look at this 🙈

​@GrayIsTheNewBlack You keep giving me ideas 🤣

What a steal for 20k (+GST in the tiniest possible print). Like literally robbing people 😌

Besides of originated businesses, This SME IPO has the business model which has the potential of grow in the field of most requried space of Financial Literacy. Compare the same industry with western conuntries and we'll get to know the limitless growth available in this. Even nowadays different government entities encouraging financial education through different channels like Skill Inida, BFSI programs

Small ipo. Can be easily manipulated . Lead managers have managed only three ipos till date. There are lots of mainboard ipos too. Fingers crossed 🤞

Should I buy or leave

Iam leaving. As the business model doesnt seem very clean. Rest is your decison.

Is this related to Sodani sweets, Jaipur?

Mr. Sodhani was Mutual Fund Distributor & Insurance agent, now he transafereed his business to their family members

Question: Only due deligence is sufficient for IPO?

Sodhani Ji's company operates as a stock market tip-giving entity, which they have adopted as their business model over the past 4-5 years. Under the guise of stock market education, they are circulating tips for both long-term and short-term investments. However, there appears to be no genuine education happening, and it seems more like a scheme to provide market tips. Despite this, the company is also bringing in small IPOs and has a requirement for fresh capital. Interestingly, the director is a SEBI-registered research analyst, and they have generated significant income by providing stock market tips.

While they have managed to educate a few people, the company itself is thriving, generating millions in revenue. A key question arises: if the director possesses such excellent knowledge of the stock market, why aren’t they maintaining their own portfolio or establishing a family office as an investor? It appears they are more interested in earning money by giving tips rather than building wealth through personal investments.

Additionally, it is puzzling how BSE granted them approval. The merchant banker they are associated with is of a third-class category, with no notable past performance to speak of.

Considering all these factors, I strongly advise avoiding this IPO.

The family of the director also holds a mutual fund (MF) distribution license, operating from the same premises. Anyone who visits with the expectation of receiving financial education ends up being sold financial products instead. This creates a situation where, under the pretense of education, the primary focus is on pushing financial products rather than genuinely providing learning opportunities.

small size me bhi OFS

I know the promoter. He has grown the company good enough in past years. This should perform good as well.

Bhai bach ke rahna

MFD license name is SODHANI CAPITAL LIMITED      & its ARN number is 175312. In the DRHP/RHP already mentioned the "Entities with significant influence over the Group"

Proud to be first 🥇 comment..

​@vijay goel They will get confirmed allotment for commenting first

​@StarGarage Good joke. 😆