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11 September 2024

Sodhani Academy of Fintech Enablers Limited IPO And Its GMP

Sodhani Academy of Fintech Enablers Limited was originally incorporated as “Sodhani Financial Consultants Private Limited” as a private limited company under the provisions of the Companies Act, 1956, under a certificate of incorporation dated February 03, 2009, issued by the Registrar of Companies, Rajasthan, Jaipur.

Subsequently, the status of the Company was changed to public limited and the name of the Company was changed to “Sodhani Financial Consultants Limited” vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of their Company held on March 09, 2023. The fresh certificate of incorporation dated April 10, 2023, was issued to the Company by the Registrar of Companies, Rajasthan, Jaipur.

IPO Details:

IPO Size: ₹6.12 crores
Issue Composition:
● Fresh Issue 9.7 lakh shares totalling ₹3.88 crores
● Offer for Sale: 5.6 lakh shares totalling ₹2.24 crores
Issue Price: ₹40 per share
Minimum Lot Size: 3000 shares
Subscription Period: September 12, 2024, to September 17, 2024
Book Running Lead Manager: Srujan Alpha Capital Advisors LLP
Registrar: Cameo Corporate Services Limited

Sodhani Academy of Fintech Enablers Limited IPO And GMP

WHAT IS GMP?

GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.

Sodhani Academy of Fintech Enablers Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
24-09-2024	40	12 (30.00%)	24-Sep-2024 12:25
23-09-2024	40	12 (30.00%)	23-Sep-2024 12:20
20-09-2024	40	12 (30.00%)	20-Sep-2024 12:08
19-09-2024	40	15 (37.50%)	19-Sep-2024 12:26
18-09-2024	40	15 (37.50%)	18-Sep-2024 12:07
17-09-2024	40	15 (37.50%)	17-Sep-2024 12:55
16-09-2024	40	15 (37.50%)	16-Sep-2024 13:45
13-09-2024	40	10.0 (25%)	13-Sep-2024 12:35
12-09-2024	40	10.0 (25%)	12-Sep-2024 12:45

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Sodhani Academy of Fintech Enablers Limited IPO Overview

Detail	Description
IPO Date	September 12, 2024 to September 17, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹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 Timeline (Tentative Schedule)

Detail	Description
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
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

Sodhani Academy of Fintech Enablers Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
HNI (Min)	2	6,000	₹240,000

Sodhani Academy of Fintech Enablers Limited 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 Promoter Holding

Share Holding Pre Issue	99.99%
Share Holding Post Issue

Company & Financials

Sodhani Academy of Fintech Enablers Limited was founded in 2009 and offers financial training, consulting and learning services. The company mainly focuses on the area of financial education and awareness, which refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions in financial matters. This includes the ability to manage money effectively, budget wisely, save and invest prudently and understand basic financial products and services. The organization's learners include various categories of participants such as students (both in active training and qualified applicants), recent graduates (collectively referred to as students), individuals who are not currently employed, and homemakers (collectively referred to as learners) through financial education and financial literacy courses, seminars, events and materials.

Competitive Strengths:

● Proven track record of trainers: The Company's trainers have a proven track record in financial education and financial literacy, making them highly effective.
Brand image: The company has a recognized name and reputation for quality in its field of operation and has considerable experience and a credible track record in financial education.
● Technology-driven, asset-neutral, and scalable business model: The company uses state-of-the-art technology to deliver its courses, allowing learners to use up-to-date course content and learn at their own pace.
● Focus on practice and learning: The company relies on the practice-oriented teaching method to provide course participants with knowledge that helps them achieve appropriate and sustainable financial freedom.
● Diverse course offering: The company offers a wide range of financial education solutions through its courses, including short-term courses, long-term courses, expert courses, continuing education and retraining courses.
● Pandemic-tested model: The COVID-19 pandemic has led to unique global and industry-wide challenges, including challenges to the offline learning business model and the transition of the offline learning business model to an online model.

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
Total Borrowing		2.65	4.1	0.5
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	27.91%
ROCE	36.77%
RoNW	27.91%

	Pre IPO	Post IPO
EPS (Rs)	2.93	2.27
P/E (x)	13.64	17.59

Objectives of Sodhani Academy of Fintech Enablers IPO

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.
6. General Corporate Purpose.

Sodhani Academy of Fintech Enablers IPO Review

The company is engaged in the business of providing training, consultancy and learning services. Its focus area of service delivery has been under the domain of financial literacy and awareness. It posted hefty margins on a minuscule operation, which appears to be exaggerated to fetch the valuations. Based on FY24 super earnings, the issue appears lucratively priced, but it is a “high Risk/Low Return” bet, as the sustainability of such margins going forward raises concerns. Post-IPO, a small equity base also hints at longer gestation for migration. There is no harm in skipping this a bit risky offer.

FAQs for Sodhani Academy of Fintech Enablers IPO

What is the Sodhani Academy of Fintech Enablers IPO?

Sodhani Academy of Fintech Enablers IPO is a SME IPO. The company is going to raise ₹6.12 Crores via IPO. The issue is priced at ₹40 per equity share. The IPO is to be listed on BSE SME.
When will the Sodhani Academy of Fintech Enablers IPO open for subscription?

The IPO is to open on September 12, 2024, for QIB, NI and Retail Investors. The IPO will close on September 17, 2024.
What is Sodhani Academy of Fintech Enablers IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
What is Sodhani Academy of Fintech Enablers IPO Issue Size?

Sodhani Academy of Fintech Enablers IPO issue size is ₹6.12 crores.
What is the Sodhani Academy of Fintech Enablers IPO Price Band?

Sodhani Academy of Fintech Enablers IPO Price Band is ₹40.
What is Sodhani Academy of Fintech Enablers IPO Lot Size?

The minimum bid is 3000 Shares with ₹120,000 amount.
What is the Sodhani Academy of Fintech Enablers IPO Allotment Date?

Sodhani Academy of Fintech Enablers IPO allotment date is September 18, 2024.
What is the Sodhani Academy of Fintech Enablers IPO Listing Date?

Sodhani Academy of Fintech Enablers IPO listing date is September 20, 2024. The IPO is to be listed on BSE SME.
What is the current GMP of Sodhani Academy of Fintech Enablers?

The current GMP of Sodhani Academy of Fintech Enablers is 12 (30.00%).