Sodhani Academy of Fintech Enablers IPO
IPO Details
- Open Date
12 Sep 2024
- Close Date
17 Sep 2024
- IPO Price Range
₹ 40
- IPO Size
₹ 6.12 Cr
- Listing Exchange
BSE SME
- Listing Date
20 Sep 2024
IPO Timeline
Sodhani Academy of Fintech Enablers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Sep-24 | - | 1.13 | 3.10 | 2.11 |
| 13-Sep-24 | - | 3.48 | 16.32 | 9.90 |
| 16-Sep-24 | - | 18.70 | 79.22 | 48.96 |
| 17-Sep-24 | - | 511.34 | 358.47 | 438.72 |
Last Updated: 17th September 2024, 6:15 PM by 5paisa
Sodhani Academy of Fintech Enablers IPO is set to open on 12 September 2024 and will close on 17 September 2024. The company specializes in financial training, consulting, and education services. Its main focus is on providing financial education and raising awareness, helping people understand and manage their finances better.
The IPO includes a fresh issue of 9.7 lakh shares aggregating ₹3.88 Cr and includes an offer for sale of 5.6 lakh shares aggregating ₹2.24 Cr. The price range is set at ₹40 per share and the lot size is 3000 shares
The allotment is scheduled to be finalized on 18 September 2024. It will go public on BSE SME with a tentative listing date of 20 September 2024.
Srujan Alpha Capital Advisors LLP is the book running lead manager while Cameo Corporate Services Limited is the registrar.
Sodhani Academy IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 6.12 |
| Offer For Sale | 2.24 |
| Fresh Issue | 3.88 |
Sodhani Academy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | 120,000 |
| Retail (Max) | 1 | 3000 | 120,000 |
| HNI (Min) | 2 | 6,000 | 240,000 |
Sodhani Academy IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 511.34 | 7,26,000 | 37,12,35,000 | 1,484.94 |
| Retail | 358.47 | 7,26,000 | 26,02,50,000 | 1,041.00 |
| Total | 438.72 | 14,52,000 | 63,70,20,000 | 2,548.08 |
1. Developing a content studio and offline training facilities
2. Procuring IT hardware and software
3. Creating course materials
4. Boosting brand visibility and awareness
5. Developing a Learning Management System (LMS) application
6. General corporate purposes
Sodhani Academy of Fintech Enablers founded in 2009, provides financial training, consulting and learning services. The company focuses on financial education and awareness helping people understand key financial concepts to make smart decisions about money. This includes learning how to manage money, budget, save, invest and understand basic financial products.
Their programs are designed for a wide range of learners including students, recent graduates, unemployed individuals and homemakers. They offer courses, seminars, events and materials to improve financial literacy among these groups.
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 2.03 | 1.88 | 0.25 |
| EBITDA | 1.75 | 1.73 | 0.25 |
| PAT | 1.39 | 1.24 | 0.03 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 5.02 | 3.63 | 0.67 |
| Share Capital | 1.35 | 0.27 | 0.09 |
| Total Borrowings | 0.03 | 0.04 | 0.01 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.71 | 1.33 | -0.09 |
| Net Cash Generated From / (used in) investing activities | -1.76 | -1.33 | 0.10 |
| Net Cash Generated From / (used in) financing activities | -0.01 | 1.57 | - |
| Net Increase (Decrease) In Cash And Cash Equivalents | -1.06 | 1.56 | 0.01 |
Strengths
1. With over a decade of experience since its founding in 2009, Sodhani Academy has a strong track record in financial education and consulting, making it a trusted name in the industry.
2. The company caters to a wide range of learners, including students, recent graduates, unemployed individuals and homemakers which broadens its market reach and potential for growth.
3. The company's emphasis on financial education and awareness meets a growing demand for financial literacy, positioning it well in an increasingly finance conscious society.
Risks
1. The financial education sector is competitive, with numerous established players and new entrants. This could limit Sodhani Academy's market share and growth potential.
2. The company's success is tied to the broader economic environment. Economic downturns could reduce the demand for financial training and consulting services.
3. Changes in education and financial regulations could impact the company's operations, requiring adjustments in its training programs and increasing operational costs.
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FAQs
Sodhani Academy of Fintech Enablers IPO opens from 12 September to 17 September 2024.
The size of Arkade Developer's IPO is ₹6.12 crores.
The price of Sodhani Academy of Fintech Enablers IPO is fixed at ₹40 per share.
To apply for Sodhani Academy of Fintech Enablers IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Sodhani Academy of Fintech Enablers IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Sodhani Academy of Fintech Enablers IPO is 3000 shares and the minimum investment required is ₹120,000.
The share allotment date of Sodhani Academy of Fintech Enablers IPO is 18 September 2024
The Sodhani Academy of Fintech Enablers IPO will be listed on 20 September 2024.
Srujan Alpha Capital Advisors LLP is the book running lead manager for Sodhani Academy of Fintech Enablers IPO.
Sodhani Academy of Fintech Enablers plans to utilize the raised capital from the IPO for:
1. Developing a content studio and offline training facilities
2. Procuring IT hardware and software
3. Creating course materials
4. Boosting brand visibility and awareness
5.Developing a Learning Management System (LMS) application
6. General corporate purposes
Contact Information
Sodhani Academy of Fintech Enablers
Sodhani Academy of Fintech Enablers Limited
P No. C 373, First Floor,
C Block Vaishali Nagar,
Jaipur - 302021
Phone: 0141- 2358107
Email: safe.fintech3105@gmail.com
Website: http://www.safefintech.in/
Sodhani Academy of Fintech Enablers IPO Register
Cameo Corporate Services Limited
Phone: +91-44-28460390
Website: https://ipo.cameoindia.com/
Sodhani Academy of Fintech Enablers IPO Lead Manager
Srujan Alpha Capital Advisors LLP
