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 |
