Comparison between Popular Foundations IPO and Sodhani Academy of Fintech IPO.
Popular Foundations IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sodhani Academy of Fintech IPO is a SME Fixed Price proposed to list at BSE SME.
| Popular Foundations IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Srujan Alpha Capital Advisors LLP | Srujan Alpha Capital Advisors LLP |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Prabhat Financial Services Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Popular Foundations IPO is up to ₹18.87 Cr whereas the issue size of the Sodhani Academy of Fintech IPO is up to ₹5.81 Cr. The final issue price of Popular Foundations IPO is ₹37.00 per share and of Sodhani Academy of Fintech IPO is ₹40.00 per share.
| Popular Foundations IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹37.00 per share | ₹40.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 3000 shares |
| Fresh Issue Size | 51,00,000 shares | 8,92,000 shares |
| Fresh Issue Size (Amount) | up to ₹18.87 Cr | up to ₹3.57 Cr |
| OFS Issue Size | 0 shares | 5,60,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹2.24 Cr |
| Issue Size Total | 51,00,000 shares | 14,52,000 shares |
| Issue Size Total (Amount) | up to ₹18.87 Cr | up to ₹5.81 Cr |
Popular Foundations IPO opens on Sep 13, 2024, while Sodhani Academy of Fintech IPO opens on Sep 12, 2024. The closing date of Popular Foundations IPO and Sodhani Academy of Fintech IPO is Sep 19, 2024, and Sep 17, 2024, respectively.
| Popular Foundations IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 13, 2024 | Sep 12, 2024 |
| Issue Close | Sep 19, 2024 | Sep 17, 2024 |
| Basis Of Allotment (Tentative) | Sep 20, 2024 | Sep 18, 2024 |
| Initiation of Refunds (Tentative) | Sep 23, 2024 | Sep 19, 2024 |
| Credit of Share (Tentative) | Sep 23, 2024 | Sep 19, 2024 |
| Listing date (Tentative) | Sep 24, 2024 | Sep 23, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Popular Foundations IPO P/E ratio is 15.97, as compared to Sodhani Academy of Fintech IPO P/E ratio of 10.32.
| Popular Foundations IPO | Sodhani Academy of Fintech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Popular Foundations Limited Financial Information (Restated)Popular Foundations Limited's revenue increased by 7% and profit after tax (PAT) rose by 191% between the financial year ending with March 31, 2024 and March 31, 2023.
| Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)Sodhani Academy of Fintech Enablers Limited's revenue increased by 51% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 83.36 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.39 | 73.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.97 | 10.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹75.40 Cr. | ₹22.78 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.17% | 27.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.77% | 36.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.32 | ₹3.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.03% | 27.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Popular Foundations IPO Retail Individual Investors (RII) are offered 25,50,000 shares while in Sodhani Academy of Fintech IPO retail investors are offered 25,50,000 shares. Qualified Institutional Buyers (QIB) are offered in Popular Foundations IPO and in Sodhani Academy of Fintech IPO.
| Popular Foundations IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 2,70,000 shares | 78,000 shares |
| QIB | ||
| NII | 25,50,000 shares | 7,26,000 shares |
| RII | 25,50,000 shares | 7,26,000 shares |
| Employee | ||
| Others | ||
| Total | 51,00,000 shares | 14,52,000 shares |
Popular Foundations IPO subscribed 9.21x in total, whereas Sodhani Academy of Fintech IPO subscribed 438.72x.
| Popular Foundations IPO | Sodhani Academy of Fintech IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 3.54x | 511.34x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 14.89x | 358.47x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 9.21x | 438.72x |
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