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Sodhani Academy of Fintech Enablers IPO is a fixed price issue of Rs 6.12 crores. The issue is a combination of fresh issue of 9.7 lakh shares aggregating to Rs 3.88 crores and offer for sale of 5.6 lakh shares aggregating to Rs 2.24 crores.
Sodhani Academy of Fintech Enablers IPO opens for subscription on September 12, 2024 and closes on September 17, 2024. The allotment for the Sodhani Academy of Fintech Enablers IPO is expected to be finalized on Wednesday, September 18, 2024. Sodhani Academy of Fintech Enablers IPO will list on BSE SME with tentative listing date fixed as Friday, September 20, 2024.
Sodhani Academy of Fintech Enablers IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Srujan Alpha Capital Advisors Llp is the book running lead manager of the Sodhani Academy of Fintech Enablers IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Sodhani Academy of Fintech Enablers IPO is Prabhat Financial Services.
Refer to Sodhani Academy of Fintech Enablers IPO RHP for detailed information.
| IPO Date | September 12, 2024 to September 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,530,000 shares (aggregating up to ₹6.12 Cr) |
| Fresh Issue | 970,000 shares (aggregating up to ₹3.88 Cr) |
| Offer for Sale | 560,000 shares of ₹10 (aggregating up to ₹2.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,725,000 |
| Share holding post issue | 5,695,000 |
| Market Maker portion | 78,000 shares Prabhat Financial Services |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Sodhani Academy of Fintech Enablers IPO opens on September 12, 2024, and closes on September 17, 2024.
| IPO Open Date | Thursday, September 12, 2024 |
| IPO Close Date | Tuesday, September 17, 2024 |
| Basis of Allotment | Wednesday, September 18, 2024 |
| Initiation of Refunds | Thursday, September 19, 2024 |
| Credit of Shares to Demat | Thursday, September 19, 2024 |
| Listing Date | Friday, September 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
The Promoters of the company are Mr. Rajesh Kumar Sodhani, Mrs. Priya Sodhani and Rajesh Kumar Sodhani HUF.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.12% |
Sodhani Academy of Fintech Enablers Limited was founded in 2009 and offers financial training, consulting and learning services.
The company mainly focuses on the area of financial education and awareness, which refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions in financial matters. This includes the ability to manage money effectively, budget wisely, save and invest prudently, and understand basic financial products and services.
The organization's learners include various categories of participants such as students (both in active training and qualified applicants), recent graduates (collectively referred to as students), individuals who are not currently employed, and homemakers (collectively referred to as learners) through financial education and financial literacy courses, seminars, events, and materials.
Competitive Strengths:
As of December 30, 2023, the company employed 12 full-time employees and 2 professional trainers under the professional employment model.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Sodhani Academy of Fintech Enablers IPO is Rs 22.78 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 27.91% |
| ROCE | 36.77% |
| RoNW | 27.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.88 | 3.22 |
| P/E (x) | 10.32 | 12.44 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is engaged in the business of providing training, consultancy and learning services. Its focus area of service delivery has been under the domain of financial literacy and awareness. It posted hefty margins on a minuscule operation, which appears to be exaggerated to fetch the valuations. Based on FY24 super earnings, the issue appears lucratively priced, but it is a “high Risk/Low Return” bet, as sustainability of such margins going forward raises concerns. Post-IPO, small equity base also hints at longer gestation for migration. There is no harm in skipping this a bit risky offer. Read detail review...
Sodhani Academy of Fintech Enablers Limited
P No. C 373, First Floor,
C Block Vaishali Nagar,
Jaipur - 302021
Phone: 0141- 2358107
Email: safe.fintech3105@gmail.com
Website: http://www.safefintech.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Sodhani Academy of Fintech Enablers IPO is a SME IPO of 1,530,000 equity shares of the face value of ₹10 aggregating up to ₹6.12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 12, 2024, and closes on September 17, 2024.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sodhani Academy of Fintech Enablers IPO using UPI as a payment gateway. Zerodha customers can apply in Sodhani Academy of Fintech Enablers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sodhani Academy of Fintech Enablers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sodhani Academy of Fintech Enablers IPO opens on September 12, 2024 and closes on September 17, 2024.
Sodhani Academy of Fintech Enablers IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Sodhani Academy of Fintech Enablers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sodhani Academy of Fintech Enablers IPO will be done on Wednesday, September 18, 2024, and the allotted shares will be credited to your demat account by Thursday, September 19, 2024. Check the Sodhani Academy of Fintech Enablers IPO allotment status.
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