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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 ₹40.00 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). The minimum lot size investment for 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 Date | September 12, 2024 to September 17, 2024 |
| Listing Date | September 23, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 15,30,000 shares (aggregating up to ₹6.12 Cr) |
| Reserved for Market Maker | 78,000 shares Prabhat Financial Services Ltd. (aggregating up to ₹0.3120 Cr) |
| Fresh Issue (Ex Market Maker) | 8,92,000 shares (aggregating up to ₹3.57 Cr) |
| Offer for Sale | 5,60,000 shares of ₹10 (aggregating up to ₹2.24 Cr) |
| Net Offered to Public | 14,52,000 shares (aggregating up to ₹5.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 47,25,000 shares |
| Share Holding Post Issue | 56,95,000 shares |
Sodhani Academy of Fintech Enablers IPO offers total 15,30,000 shares. Out of which 7,26,000 (47.45%) allocated to NII, 7,26,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.10%) |
| NII (HNI) Shares Offered | 7,26,000 (47.45%) |
| Retail Shares Offered | 7,26,000 (47.45%) |
| Total Shares Offered | 15,30,000 (100.00%) |
Sodhani Academy of Fintech IPO opens on September 12, 2024, and closes on September 17, 2024.
| IPO Open Date | Thu, Sep 12, 2024 |
| IPO Close Date | Tue, Sep 17, 2024 |
| Tentative Allotment | Wed, Sep 18, 2024 |
| Initiation of Refunds | Thu, Sep 19, 2024 |
| Credit of Shares to Demat | Thu, Sep 19, 2024 |
| Tentative Listing Date | Mon, Sep 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 17, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 660.04 | 501.57 | 363.2 |
| Total Income | 306.95 | 203.45 | 188.19 |
| Profit After Tax | 183.17 | 138.6 | 123.91 |
| Net Worth | 656.22 | 476.85 | 338.25 |
| Reserves and Surplus | 183.72 | 341.85 | 311.25 |
| Total Borrowing | 2.65 | 4.1 | |
| Amount in ₹ Lakhs | |||
The market capitalization of Sodhani Academy of Fintech IPO is ₹22.78 Cr.
KPI as of Sun, Mar 31, 2024.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.88 | 3.22 |
| P/E (x) | 10.32 | 12.44 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] 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 sustainability of such margins going forward raises concerns. Post-IPO, small equity base also hints at longer gestation for migration. There is no harm in skipping this a bit risky offer. Read detail review...
| Listing Date | September 23, 2024 |
| BSE Script Code | 544257 |
| NSE Symbol | |
| ISIN | INE0Q3401017 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹53.00 |
| Low | ₹53.00 |
| High | ₹55.65 |
| Last Trade | ₹55.65 |
Sodhani Academy of Fintech Enablers Ltd.
P No. C 373, First Floor,
C Block Vaishali Nagar,
Jaipur - 302021
Jaipur, Rajasthan
Phone: 0141- 2358107
Email: safe.fintech3105@gmail.com
Website: http://www.safefintech.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Sodhani Academy of Fintech IPO is a SME IPO of 15,30,000 equity shares of the face value of ₹10 aggregating up to ₹6.12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on September 12, 2024, and closes on September 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 September 12, 2024 and closes on September 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 Thursday, September 19, 2024. Check the Sodhani Academy of Fintech IPO allotment status.
The Sodhani Academy of Fintech IPO listing date is on Monday, September 23, 2024.
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