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Sodhani Academy of Fintech Enablers IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 3000 shares

    Minimum Investment

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

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Sodhani Academy of Fintech Enablers IPO Subscription Status

Last Updated: 20 September 2024 12:21 PM by 5Paisa

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.
 

Profit and Loss

Balance Sheet

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