Sodhani Academy IPO Subscription Status

Sodhani Academy of Fintech Enablers' initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the four-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 82.07 times oversubscription by the close of day four. This strong response underscores the robust market appetite for Sodhani Academy of Fintech Enablers' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 12th September 2024, has seen increasing investor participation across all categories. In particular, the Retail Investors segment has shown exceptional demand, while the Non-Institutional Investors (NII) category has also demonstrated growing interest.

This enthusiastic response to Sodhani Academy of Fintech Enablers' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the financial education sector. The company's focus on financial literacy and diverse course offerings appear to have resonated well with investors looking for exposure to India's growing education market.

Subscription Status of Sodhani Academy of Fintech Enablers IPO for Days 1, 2, 3, and 4:

On day 1, Sodhani Academy of Fintech Enablers IPO was subscribed 2.11 times. By the end of day 2, the subscription status had risen to 9.90 times; on day 3, it reached 48.96 times, and on the final day, it closed at 82.07 times.

Here are the subscription details for Sodhani Academy of Fintech Enablers IPO as of Day 4 (17th September 2024 at 11:15:15 AM):

Total Applications: 42,733

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of market makers is not included in the total number of shares offered.

Key Highlights:

• The IPO of Sodhani Academy of Fintech Enablers is currently subscribed 82.07 times, with exceptional demand from Retail Investors.
• Retail investors have shown overwhelming interest, with a subscription ratio of 125.98 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 38.16 times.
• The overall subscription trend significantly increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Sodhani Academy of Fintech Enablers IPO - Day 3 Subscription at 48.96 Times

Key Highlights:

• On Day 3, Sodhani Academy of Fintech Enablers' IPO was subscribed 48.96 times, with strong demand from both Retail and Non-Institutional Investors.
• Retail investors showed significantly increased interest with a subscription ratio of 79.22 times.
• Non-Institutional Investors (NII) showed substantially increased interest with a subscription ratio of 18.70 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Sodhani Academy of Fintech Enablers IPO - Day 2 Subscription at 9.90 Times

Key Highlights:

• On Day 2, Sodhani Academy of Fintech Enablers' IPO was subscribed 9.90 times, with strong demand from Retail Investors.
• Retail investors showed increased interest with a subscription ratio of 16.32 times, more than quintupling their subscription from the previous day.
• Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 3.48 times, tripling their subscription from the previous day.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Sodhani Academy of Fintech Enablers IPO - Day 1 Subscription at 2.11 Times

Key Highlights:

• The IPO of Sodhani Academy of Fintech Enablers was subscribed 2.11 times on Day 1, with strong initial demand from Retail Investors.
• Retail investors showed solid initial interest with a subscription ratio of 3.10 times.
• Non-Institutional Investors (NII) showed early interest with a subscription ratio of 1.13 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.
   

About Sodhani Academy of Fintech Enablers:

Sodhani Academy of Fintech Enablers Limited, established in 2009, is a prominent provider of financial training, consulting, and learning services.

Key features of Sodhani Academy of Fintech Enablers:

• Focus on financial education and awareness.
• Diverse course offerings including short-term, long-term, expert, and continuing education courses.
• Technology-driven, asset-neutral, and scalable business model.
• 12 full-time employees and 2 professional trainers as of December 30, 2023.

Read about Sodhani Academy of Fintech Enablers IPO

Highlights of the Sodhani Academy of Fintech Enablers IPO:

• IPO Date: 12th September 2024 to 17th September 2024
• Listing Date: 20th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price: ₹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 (aggregating up to ₹2.24 Cr)
• Issue Type: Fixed Price Issue IPO
• Listing At: BSE SME
• Book Running Lead Manager: Srujan Alpha Capital Advisors Llp