Sodhani Academy IPO
Open SmeCurrent GMP
₹10 (+25.00%)
Price Band
₹ 40 – 40
Lot Size
3000
Issue Size
₹6.12 Cr
Minimum Investment
₹240000 (6000 Shares)
Listing Date
20 September 2024
Subscription
109.74x
About the Company
Sodhani Academy of Fintech Enablers Limited, originally incorporated as Sodhani Financial Consultants Private Limited in 2009, is focused on providing training, consultancy, and learning services in the domain of financial literacy. The company underwent several name changes before adopting its current name in May 2023. Specialising in financial education, the academy offers knowledge in areas such as financial planning, stock market basics, technical analysis, and retirement planning.
By the end of 2020, the company identified opportunities in financial literacy training, and since then, it has expanded its reach significantly. The onset of the COVID-19 pandemic accelerated the demand for online sessions, helping Sodhani grow its learner base.
Sodhani Academy's clientele includes students, graduates, homemakers, and individuals not presently working. The company's services are designed to offer hands-on learning experiences that translate theoretical knowledge into practical skills, helping learners navigate the complexities of the financial world.
Promoters
The Promoters of the company are
- Mr. Rajesh Kumar Sodhani
- Mrs. Priya Sodhani
- Rajesh Kumar Sodhani HUF.
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
73.12%
Objects of the Issue
The company proposes to utilize the Proceeds of the Offer to meet the following objects:-
- 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.
Address / Contact Info
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
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 12 September 2024
IPO Close Date
Tuesday, 17 September 2024
Basis of Allotment
Wednesday, 18 September 2024
Initiation of Refunds
Thursday, 19 September 2024
Credit of Shares to Demat
Thursday, 19 September 2024
Listing Date
Friday, 20 September 2024 — NSE & BSE
Important Dates
Open Date
12 September 2024
Close Date
17 September 2024
Basis Of Allotment
18 September 2024
Listing Date
20 September 2024
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 183.72 | 341.85 | 311.25 |
| Total Borrowings | 0 | 2.65 | 4.1 |
EPS Pre
3.88%
EPS Post
3.22%
P/E Pre
10.32
P/E (Post Issue)
12.44x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 27.91 |
| ROCE % | 36.77 |
| Debt / Equity | 0 |
| RoNW % | 27.91 |
| PbW | 0 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 78000 | 5.1 | 0 |
| Non-Institutional | 726000 | 47.45 | 0 |
| Retail Investors | 726000 | 47.45 | 0 |
| Total | 1530000 | 100 | 0 |
Subscription Status ( Tue, 17 Sep 24 09:08 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 4779000 | 0x |
| Non-Institutional | 726000 | 149766000 | 206.29x |
| Retail Investors | 726000 | 181269000 | 249.68x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 120,000.00 |
| Retail (Max) | 1 | 3,000 | 120,000.00 |
| S-HNI (Min) | 2 | 6,000 | 240,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Srujan Alpha Capital Advisors Llp
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Sodhani Academy IPO is a Fixed price IPO worth ₹6.12 crores. The price band is ₹40 to 40 per share. The IPO opens on Thu, Sep 12, 2024 and closes on Tue, Sep 17, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Sodhani Academy IPO opens on Thu, Sep 12, 2024 and closes on Tue, Sep 17, 2024
Sodhani Academy IPO Price Band is ₹40 to 40.
Sodhani Academy IPO lot size is 3000, and the minimum amount required for application is ₹240000.
The minimum investment for Sodhani Academy IPO is approximately ₹240000 based on the upper price band.
To apply for the Sodhani Academy IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 17, 2024. After submission, funds are blocked until the basis of allotment of Sodhani Academy IPO is finalised.
Sodhani Academy IPO issue size is ₹6.12 crores.
Sodhani Academy IPO allotment date is Sat, Jun 27, 2026.
The registrar for Sodhani Academy IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Sodhani Academy IPO through their official website or helpline.
The Sodhani Academy IPO GMP (Grey Market Premium) is ₹10 as of Mon, Sep 23, 2024. Based on the upper price band of ₹40 per share, the estimated Sodhani Academy IPO listing price is ₹50, indicating a potential listing gain of approximately 31% over the issue price.