Sodhani Academy of Fintech Enablers IPO Date, Price Details

Sodhani Academy of Fintech Enablers IPO

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.

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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.

ApplicationLot SizeSharesAmount
Retail Minimum13000₹ 1,20,000
Retail Maximum13000₹ 1,20,000
HNI Minimum26000₹ 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 EndedRevenueExpenseProfit After TaxAssets
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).

KPIValues
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.

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