The Sodhani Academy of Fintech Enablers IPO will open on September 12, 2024, and close on September 17, 2024. This is a Fixed Price Issue IPO, with the company aiming to raise approximately ₹6.12 crores. This amount includes a fresh issue of ₹3.88 crores and an offer for sale of up to 560,000 equity shares, each with a face value of ₹10.
The price band for the Sodhani Academy of Fintech Enablers IPO is set at ₹40 per share. The retail investor quota is 50%, with no allocation for QIBs, and the remaining 50% reserved for HNIs. The IPO is expected to list on the BSE on September 20, 2024, with allotment scheduled for September 18, 2024.
In terms of financial performance, the company reported revenue of ₹3.07 crores in 2024, compared to ₹2.03 crores in 2023. Their profit rose to ₹1.83 crores in 2024 from ₹1.39 crores in the previous year. Based on these financials, long-term investors may find this IPO an attractive option.
Objects of the Issue
Establishment of a content studio and offline training infrastructure
Procurement of information technology hardware and software
Development of course content
Enhancement of brand visibility and awareness
Development of a Learning Management System (LMS) application
General corporate purposes
Sodhani Academy of Fintech Enablers IPO Details
| IPO Open Date: | September 12, 2024 |
| IPO Close Date: | September 17, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹40 Per Share |
| Issue Size: | Approx ₹6.12 Crores |
| Fresh Issue: | Approx ₹3.88 Crores |
| Offer for Sale: | Approx 560,000 Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
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Sodhani Academy of Fintech Enablers IPO Market Lot
The minimum market lot for the Sodhani Academy of Fintech Enablers IPO is 3,000 shares, requiring an application amount of ₹120,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3000 | ₹ 1,20,000 |
| Retail Maximum | 1 | 3000 | ₹ 1,20,000 |
| HNI Minimum | 2 | 6000 | ₹ 2,40,000 |
Sodhani Academy IPO Schedule
The Sodhani Academy of Fintech Enablers IPO will open on September 12 and close on September 17. The allotment will be finalized on September 18, with the IPO listing scheduled for September 20.
| IPO Open Date: | September 12, 2024 |
| IPO Close Date: | September 17, 2024 |
| Basis of Allotment: | September 18, 2024 |
| Refunds: | September 19, 2024 |
| Credit to Demat Account: | September 19, 2024 |
| IPO Listing Date: | September 20, 2024 |
Promoters of Sodhani Academy IPO
The promoters of Sodhani Academy of Fintech Enablers are Mr. Rajesh Kumar Sodhani, Mrs. Priya Sodhani, and Rajesh Kumar Sodhani HUF.
About Sodhani Academy of Fintech Enablers IPO
Sodhani Academy of Fintech Enablers specializes in providing training, consultancy, and learning services focused on financial literacy and awareness. The company offers a range of courses, seminars, and sessions for students, graduates, and individuals, catering to different levels of expertise—from beginner to pro. Their services aim to enhance financial knowledge and are delivered through various formats. The company operates from its registered office in Rajasthan, where its studio and training center are located.
Sodhani Academy IPO Financial Report
In 2024, the company reported a revenue of ₹3.07 crores, up from ₹2.03 crores in 2023. Profit for 2024 was ₹1.83 crores, compared to ₹1.39 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 1.88 | ₹ 0.15 | ₹ 1.24 | ₹ 3.63 |
| 2023 | ₹ 2.03 | ₹ 0.28 | ₹ 1.39 | ₹ 5.02 |
| 2024 | ₹ 3.07 | ₹ 0.66 | ₹ 1.83 | ₹ 6.60 |
Sodhani Academy of Fintech Enablers IPO Valuation – FY2024
Review the valuation details for Sodhani Academy of Fintech Enablers IPO, including key metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 0.28% |
| ROCE: | 36.77% |
| EBITDA Margin: | 117.65% |
| PAT Margin: | 89.32% |
| Debt to equity ratio: | NA |
| Earning Per Share (EPS): | ₹3.88 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 27.91% |
| Net Asset Value (NAV): | ₹ 13.89 |
Sodhani Academy of Fintech Enablers IPO Registrar
- Registrar: Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Website: https://ipo.cameoindia.com/
- IPO Lead Manager (Merchant Banker)
- Srujan Alpha Capital Advisors LLP
Company Address
- 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/
Sodhani Academy of Fintech Enablers IPO FAQs
What is Sodhani Academy of Fintech Enablers IPO?
Sodhani Academy of Fintech Enablers is an SME IPO, aiming to raise ₹6.12 crores with a price of ₹40 per equity share. The IPO will be listed on the BSE SME.
When will Sodhani Academy of Fintech Enablers IPO open for subscription?
The IPO will open for subscription on September 12, 2024, and close on September 17, 2024, for QIB, NII, and retail investors.
What is the investors’ portion for Sodhani Academy of Fintech Enablers IPO?
The allocation is 50% for retail investors and 50% for NII, with no quota for QIBs.
How can I apply for Sodhani Academy of Fintech Enablers IPO?
You can apply via ASBA online through your bank account or UPI through stock brokers. Offline application through stock brokers is also available.
What is the issue size for Sodhani Academy of Fintech Enablers IPO?
The issue size is ₹6.12 crores.
What is the price band for Sodhani Academy of Fintech Enablers IPO?
The price band is ₹40 per share.
What is the lot size for Sodhani Academy of Fintech Enablers IPO?
The minimum bid is 3,000 shares, requiring an investment of ₹120,000.