Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Thu, Sep 12, 2024 - Tue, Sep 17, 2024
Sodhani Academy of Fintech IPO is a fixed price issue of ₹6.12 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹3.88 crores and offer for sale of 0.06 crore shares aggregating to ₹2.24 crores.
Sodhani Academy of Fintech IPO bidding started from Sep 12, 2024 and ended on Sep 17, 2024. The allotment for Sodhani Academy of Fintech IPO was finalized on Sep 18, 2024. The shares got listed on BSE SME on Sep 23, 2024.
Sodhani Academy of Fintech IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Srujan Alpha Capital Advisors LLP is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Sodhani Academy of Fintech IPO RHP for detailed Information.
IPO Open
Thu, Sep 12, 2024
IPO Close
Tue, Sep 17, 2024
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹22.78 Cr
| IPO Date | 12 to 17 Sep, 2024 |
| Listed on | Mon, Sep 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,30,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 78,000 shares Prabhat Financial Services Ltd. (agg. up to ₹0.3120 Cr) |
| Fresh Issue (Ex Market Maker) | 8,92,000 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 5,60,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 14,52,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 47,25,000 shares |
| Share Holding Post Issue | 56,95,000 shares |
| BSE Script Code | 544257 |
| ISIN | INE0Q3401017 |
Sodhani Academy of Fintech IPO comprises a total issue size of 15,30,000 shares. The net offer to the public is 14,52,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 7,26,000 (50.00%) allocated to NII 7,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,26,000 | 50.00% | 47.45% |
| Retail Shares Offered | 7,26,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.10% | |
| Total Shares Offered | 15,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
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:
As of December 30, 2023, the company employed 12 full-time employees and 2 professional trainers under the professional employment model.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 6.60 | 5.02 | 3.63 |
| Total Income | 3.07 | 2.03 | 1.88 |
| Profit After Tax | 1.83 | 1.39 | 1.24 |
| NET Worth | 6.56 | 4.77 | 3.38 |
| Reserves and Surplus | 1.84 | 3.42 | 3.11 |
| Total Borrowing | 0.03 | 0.04 | |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Building content studio and offline training infrastructure | 0.80 |
| 2 | Information Technology (Hardware including Software) Procurement | 0.60 |
| 3 | Content Development for course material | 0.50 |
| 4 | Enhancement of brand visibility and awareness | 0.35 |
| 5 | Learning Management System (LMS) Application development | 0.10 |
| 6 | General Corporate Purpose | 0.75 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.91% |
| ROCE | 36.77% |
| RoNW | 27.91% |
| PAT Margin | 89.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.88 | 3.22 |
| P/E (x) | 10.32 | 12.44 |
| Promoter Holding | 99.99% | 73.12% |
| Market Cap | ₹22.78 Cr. |
The Sodhani Academy of Fintech Enablers IPO is subscribed 438.72 times on September 17, 2024 6:19:09 PM (Day 4). The public issue subscribed 358.47 times in the retail category, [.] times in the QIB category, and 511.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 511.34 | 7,26,000 | 37,12,35,000 |
| Retail | 358.47 | 7,26,000 | 26,02,50,000 |
| Total | 438.72 | 14,52,000 | 63,70,20,000 |
Total Application : 1,39,460
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.60 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.10 |
| 3 | Advertisement and Marketing Expenses | 0.03 |
| 4 | Stock Exchange Fees, Regulatory and other Expense | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹53.00 |
| Low | ₹53.00 |
| High | ₹55.65 |
| Last Trade | ₹55.65 |
Lead Manager Reports
Sodhani Academy of Fintech IPO is a SME IPO of 15,30,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 12, 2024, and closes on Tue, Sep 17, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sodhani Academy of Fintech IPO using UPI as a payment gateway. Zerodha customers can apply in Sodhani Academy of Fintech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sodhani Academy of Fintech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sodhani Academy of Fintech IPO opens on Thu, Sep 12, 2024 and closes on Tue, Sep 17, 2024.
Sodhani Academy of Fintech IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sodhani Academy of Fintech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sodhani Academy of Fintech IPO will be done on Wednesday, September 18, 2024, and the allotted shares will be credited to your demat account by Thu, Sep 19, 2024. Check the Sodhani Academy of Fintech IPO allotment status.
The Sodhani Academy of Fintech IPO listing date is on Mon, Sep 23, 2024.
