Sodhani Academy of Fintech Enablers IPO Allotment Status

Summary

Sodhani Academy of Fintech Enablers IPO has received an overwhelming response from investors, closing with an exceptional subscription of 438.72 times by 17th September 2024 at 5:35:09 PM (Day 4). The public issue witnessed substantial demand across various investor categories, with the Non-Institutional Investors (NII) category leading the charge.

The NII segment was subscribed 511.34 times, reflecting significant interest from high-net-worth individuals.
The Retail Investors category demonstrated strong engagement, subscribing 358.47 times. The Market Maker portion was fully subscribed at 1 time. This robust response across all categories underscores the extremely positive market sentiment towards Sodhani Academy of Fintech Enablers' offering and suggests highly optimistic investor expectations for the company's future performance.

How to Check Sodhani Academy IPO Allotment Status:

How do you Check Sodhani Academy IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Cameo Corporate Services Limited. (https://ipo.cameoindia.com/)

Step 2: From the selection menu, choose Sodhani Academy IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check Sodhani Academy IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the Sodhani Academy IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "Sodhani Academy Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Sodhani Academy IPO Timeline:

Sodhani Academy IPO Subscription Status

The Sodhani Academy of Fintech Enablers IPO received 438.72 subscriptions. By 17th September 2024 at 5:35:09 PM (Day 4), the public issue had been subscribed 358.47 times in the retail category and 511.34 times in the NII category.

Subscription Day 4 (as of 5:35:09 PM)
Total Subscription: 438.72 times
NII: 511.34 times
Retail investors: 358.47 times

Subscription Day 3
Total Subscription: 48.96 times
NII: 18.70 times
Retail investors: 79.22 times

Subscription Day 2
Total Subscription: 9.90 times
NII: 3.48 times
Retail investors: 16.32 times

Subscription Day 1
Total Subscription: 2.11 times
NII: 1.13 times
Retail investors: 3.10 times
 

Sodhani Academy IPO Details 

Sodhani Academy of Fintech Enablers' initial public offering (IPO) is a fixed price issue amounting to ₹6.12 crores. This offering consists of a fresh issue of 9.7 lakh shares aggregating to ₹3.88 crores and an offer for sale of 5.6 lakh shares aggregating to ₹2.24 crores.

The bidding process for the Sodhani Academy of Fintech Enablers IPO commenced on 12th September 2024 and concluded on 17th September 2024. The allotment results for this IPO are anticipated to be finalised on 18th September 2024. Furthermore, the shares of Sodhani Academy of Fintech Enablers are set to be listed on the BSE SME, with a provisional listing date scheduled for 20th September 2024.

The Sodhani Academy of Fintech Enablers IPO price has been established at ₹40 per share. Investors must apply for a minimum lot size of 3,000 shares, which requires a minimum investment of ₹120,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (6,000 shares), totalling ₹240,000.

Srujan Alpha Capital Advisors Llp serves as the book running lead manager for the Sodhani Academy of Fintech Enablers IPO. Cameo Corporate Services Limited is designated as the registrar for this offering.