Sodhani Academy of Fintech Enablers Limited IPO

NiftyTrader • September 11, 2024

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Sodhani Academy of Fintech Enablers Limited IPO

Sodhani Academy of Fintech Enablers Limited IPO opens on September 12, 2024, and closes on September 17, 2024. The allotment for the Sodhani Academy of Fintech Enablers Limited IPO is anticipated to be completed on Wednesday, September 18, 2024. The IPO will be tentatively listed on the BSE and SME on Friday, September 20, 2024.

Sodhani Academy of Fintech Enablers Limited IPO’s price band is Rs 40 per share. The IPO is a book-built issue of Rs Rs Rs 6.12 crores. The issue is a combination of a fresh issue of 9.7 lakh shares.

Sodhani Academy of Fintech Enablers IPO Details

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
Shareholding pre-issue	4,725,000
Shareholding post-issue	5,695,000
Market Maker portion	78,000 shares

Sodhani Academy of Fintech Enablers IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
S-HNI (Min)	2	6000	₹240,000

Sodhani Academy of Fintech Enablers IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding 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 purposes; and

About Sodhani Academy of Fintech Enablers Limited

Founded in 2009, Sodhani Academy of Fintech Enablers Limited specializes in financial training, consulting, and education. The company focuses on enhancing financial literacy by teaching money management, budgeting, saving, investing, and understanding financial products. Their audience includes students, recent graduates, unemployed individuals, and homemakers. Key strengths include experienced trainers, a strong brand reputation, a technology-driven and scalable business model, and a practice-oriented teaching approach. The academy offers diverse courses, ranging from short-term to expert levels, and has successfully transitioned to an online model in response to the COVID-19 pandemic. As of December 30, 2023, the company employs 12 full-time staff and 2 professional trainers.

Sodhani Academy of Fintech Enablers Limited Financial Information

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	580.62	501.57	363.2	67.17
Revenue	140.09	203.45	188.19	25.29
Profit After Tax	86.33	138.6	123.91	3.08
Net Worth	563.17	476.85	338.25	61.34
Reserves and Surplus	90.67	341.85	311.25	52.34
		2.65	4.1	0.5
				Amount in ₹ Lakhs

Sodhani Academy of Fintech Enablers IPO Reservation

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 Timeline

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
A 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