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Sodhani Academy of Fintech Enablers Limited IPO
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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sodhani Academy of Fintech Enablers Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-24 | 40 | 12 (30.00%) | - |
**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 Details
| 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 Limited IPO Timeline
| 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 | 6000 | ₹240,000 |
Sodhani Academy of Fintech Enablers Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | - |
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 Strength:
- ● 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 IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Nov 2023 | 580.62 | 140.09 | 86.33 | 563.17 | - | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 501.57 | 203.45 | 138.6 | 476.85 | 2.65 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 363.2 | 188.19 | 123.91 | 338.25 | 4.1 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 67.17 | 25.29 | 3.08 | 61.34 | 0.5 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 |
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 âhigh Risk/Low Returnâ 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.
RHP:
DRHP:
Frequently asked Questions (FAQs )
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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.
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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.
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What is Sodhani Academy of Fintech Enablers IPO Investors Portion?
The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.
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What is Sodhani Academy of Fintech Enablers IPO Issue Size?
Sodhani Academy of Fintech Enablers IPO issue size is ₹6.12 crores.
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What is the Sodhani Academy of Fintech Enablers IPO Price Band?
Sodhani Academy of Fintech Enablers IPO Price Band is ₹40.
