The IPO of Sodhani Academy of Fintech Enablers is set at a fixed price of Rs 6.12 crores. A combination of a fresh issue of 9.7 lakh shares, which is aggregated to Rs 3.88 crores, and an offer for sale of 5.6 lakh shares, which is aggregated to Rs 2.24 crores, is included in the issue.
The IPO of Sodhani Academy of Fintech Enablers is scheduled to open for subscription on September 12, 2024, and close on September 17, 2024. The finalization of the allotment for the Sodhani Academy of Fintech Enablers IPO is expected to occur on Wednesday, September 18, 2024. The listing of the Sodhani Academy of Fintech Enablers IPO on BSE SME is anticipated with a tentative listing date set for Friday, September 20, 2024.
The price of the Sodhani Academy of Fintech Enablers IPO is set at ₹40 per share. A minimum lot size of 3000 shares is required for an application. An investment amount of ₹120,000 is required by retail investors. For HNI investors, the minimum lot size investment is set at 2 lots (6,000 shares), amounting to ₹240,000.
Refer to Sodhani Academy of Fintech Enablers IPO RHP for brief information.
| IPO Date | September 12, 2024 to September 17, 2024 |
| Listing Date | September 20, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 40 to ₹ 40 / Share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,530,000 share (Aggregating up to ₹6.12 Cr) |
| Fresh Issue | 970,000 (Aggregating up to ₹3.88 Cr) |
| Offer for Sale | 560,000 shares (Aggregating up to ₹2.24 Cr) |
| Employee Discount | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,725,000 |
| Share holding post issue | 5,695,000 |
| Market Maker portion |
Sodhani Academy of Fintech Enablers Limited IPO opens on September 12, 2024, and closes on September 17, 2024.
| IPO Open Date | September 12, 2024 |
| IPO Close Date | September 17, 2024 |
| Basis of Allotment | September 18, 2024 |
| Initiation of Refunds | September 19, 2024 |
| Credit of Shares to Demat | September 19, 2024 |
| Listing Date | September 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM, September 17, 2024 |
A minimum of 3000 shares can be bid for by investors, and additional shares may be bid in multiples thereof. The minimum and maximum investments by retail investors and HNI, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | Rs.120,000 |
| Retail (Max) | 1 | 3,000 | Rs.120,000 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | 2 | 6,000 | Rs.240,000 |
| HNI (Min) |
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 50% of the net offer |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Sodhani Academy of Fintech Enablers Limited offers training, consulting, and learning services with a purpose to help students understand financial concepts, manage money, create budgets, save money, invest it, and comprehend financial products and services.
With a focus on financial planning and the fundamentals of the stock market, the company increased the scope of its financial literacy training and consulting services after 2020. Online learning saw an increase in participants and session deliveries as a result of the epidemic.
Their training programs offer financial literacy classes, seminars, and sessions to meet the needs of homemakers, students, and non-workers. They place a strong emphasis on converting theory into useful abilities so that students can acquire competent and long-lasting financial knowledge.
The market capitalization of Sodhani Academy of Fintech Enablers IPO is Rs 22.78 Cr.
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.93 | 2.27 |
| P/E (x) | 13.64 | 17.59 |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2023 that is available in RHP.
The Net Proceeds from the Fresh Issue are proposed to be utilized by the company towards funding the following objects:
- Building content Studio and Offline training infrastructure;
- Information Technology (Hardware including Software) Procurement;
- Content Development for course material;
- Enhancement of brand visibility and awareness;
- Learning Management System (LMS) Application development; and
- General Corporate Purpose.
Sodhani Academy of Fintech Enablers Limited P No. C 373, First Floor, |
Cameo Corporate Services Limited Phone: +91-44-28460390 |
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