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

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.

Sodhani Academy of Fintech Enablers IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Building content Studio and Offline training infrastructure;
2. Information Technology (Hardware including Software) Procurement;
3. Content Development for course material;
4. Enhancement of brand visibility and awareness;
5. Learning Management System (LMS) Application development; and
6. 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

Sodhani Academy of Fintech Enablers IPO Reservation

Sodhani Academy of Fintech Enablers IPO Timeline

Sodhani Academy of Fintech Enablers IPO opens on September 12, 2024, and closes on September 17, 2024.