Sodhani Academy of Fintech Enablers is scheduled to hit the market on September 12, 2024 and close on September 17, 2024. Sodhani Academy of Fintech Enablers plans to raise around ₹6.12 Cr through an IPO with a sale of up to 1,530,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Sodhani Academy of Fintech Enablers started in 2009 and provides financial training, consulting, and learning services. The main goal of the company is to improve financial education and awareness. This means helping people understand financial concepts and skills so they can make smart decisions with their money. The academy caters to various learners, including students, recent graduates, unemployed individuals, and homemakers, offering courses, seminars, and materials on financial literacy.
The academy has several strengths that set it apart. It has experienced trainers known for their effective teaching in financial education. The company enjoys a good reputation and is recognized for its quality services. Its use of advanced technology allows learners to access updated content and learn at their own pace. The focus on practical learning helps participants gain knowledge for achieving financial independence. Additionally, the academy offers a variety of courses, from short-term to expert-level, and has successfully adapted its business model to continue serving students online during the COVID-19 pandemic. As of December 30, 2023, the academy has 12 full-time employees and 2 professional trainers.
Sodhani Academy of Fintech Enablers IPO Details
Sodhani Academy of Fintech Enablers IPO opens on September 12, 2024, and closes on September 17, 2024. The Listing date for Sodhani Academy of Fintech Enablers IPO is on September 20, 2024. The price band for IPO is ₹40 per share and lot size of 3000 Shares.
| IPO Date | September 12, 2024 to September 17, 2024 |
| Listing Date | September 20, 2024 |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹6.12 Cr |
| Face Value | ₹10 per share |
Sodhani Academy of Fintech Enablers IPO Tentative Timetable
Sodhani Academy of Fintech Enablers opening date is September 12, 2024 and close date is September 17, 2024. The IPO allotment date is September 18, 2024. Therefund initiation of IPO is on September 19, 2024. The credit of shares in demat account is on September 19, 2024. The listing date is on September 20, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 12, 2024 |
| IPO Closing | September 17, 2024 |
| IPO Allotment Date | September 18, 2024 |
| Refund Initiation | September 19, 2024 |
| Shares Credit to Demat | September 19, 2024 |
| Lisiting Date | September 20, 2024 |
Sodhani Academy of Fintech Enablers IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹120,000 |
| Retail(Maximum) | 1 | 3000 | ₹120,000 |
| HNI (Minimum) | 2 | 6000 | ₹240,000 |
Sodhani Academy of Fintech Enablers IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
Sodhani Academy of Fintech Enablers IPO Review
The company is launching its first IPO of 1,530,000 equity shares, each priced at Rs. 10. The shares will be sold at a fixed price of Rs. 40 each to raise Rs. 6.12 crore.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 1.88 cr. / Rs. 1.24 cr. (FY22), Rs. 2.04 cr. / Rs. 1.39 cr. (FY23), and Rs. 3.07 cr. / Rs. 1.83 cr. (FY24). Thus it has presented minuscule top line with surging profits that not only raises eyebrows, but also about sustaining such margins going forward.
For the last three fiscals, the company has posted an average EPS of 4.66 and an average RoNW of 29.80%. The issue is priced at a P/BV of 2.88 based on its NAV of Rs. 13.89 as of March 31, 2024, and at a P/BV of 2.44 based on its posts-IPO NAV of Rs. 16.41 per share.
If we attribute FY24 earnings to its post-IPO fully diluted paid-up capital, then the asking price is at a P/E of 12.42. The issue relatively appears lucratively priced.
For the reported periods, the company has posted PAT margins of 66.66% (FY22), 101.32% (FY23), 89.32% (FY24), and RoCE margins of 51.27%, 36.79%, 36.77% respectively for the referred periods.
This is the fourth order from Srujan Alpha in the last four financial years, including the current one. Out of the last three listings, one started at a lower price than expected, while the others opened at higher prices, with increases between 1.25% and 7.07% on their listing day.
The company provides training, consultancy, and learning services, mainly focusing on financial literacy and awareness. It has shown high profits despite having a small operation, which seems inflated to attract higher valuations. Based on the earnings for FY24, the pricing of the issue looks attractive, but it carries a “high risk/low return” profile since there are doubts about whether it can maintain such profits in the future. After the IPO, the small equity base suggests that it may take longer to grow. It might be better to avoid this somewhat risky offer.
Sodhani Academy of Fintech Enablers IPO Subscription Status (Bidding Details)
Table not foundSodhani Academy of Fintech Enablers IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Sodhani Academy of Fintech Enablers IPO FAQs
What is Sodhani Academy of Fintech Enablers IPO?
Sodhani Academy of Fintech Enablers is issuing 1,530,000 equity shares with a face value of ₹10 each, totaling up to ₹6.12 Cr. The shares are being offered at a price of ₹40 each, with a minimum order quantity of 3000 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Sodhani Academy of Fintech Enablers IPO will open?
Sodhani Academy of Fintech Enablers will open on September 12, 2024 for QIB, NII, and Retail Investors.
When Sodhani Academy of Fintech Enablers IPO will end?
Sodhani Academy of Fintech Enablers will end on September 17, 2024.
What is Sodhani Academy of Fintech Enablers IPO Size?
Sodhani Academy of Fintech Enablers IPO size is ₹6.12 Cr.
What is Sodhani Academy of Fintech Enablers IPO Price Band?
Sodhani Academy of Fintech Enablers price band is ₹40 per share.
What is the Sodhani Academy of Fintech Enablers IPO Allotment Date?
Sodhani Academy of Fintech Enablers allotment date is September 18, 2024.
What is the Sodhani Academy of Fintech Enablers IPO Listing Date?
Sodhani Academy of Fintech Enablers listing date is September 20, 2024. The IPO is to be listed on BSE and NSE.
How to Sodhani Academy of Fintech Enablers IPO through Zerodha?
To apply for the IPO “Sodhani Academy of Fintech Enablers” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Sodhani Academy of Fintech Enablers IPO through Upstox?
To apply for the IPO “Sodhani Academy of Fintech Enablers” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Sodhani Academy of Fintech Enablers IPO Allotment Status?
For Sodhani Academy of Fintech Enablers IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Sodhani Academy of Fintech Enablers IPO GMP?
You can check out here: Sodhani Academy of Fintech Enablers IPO GMP. Check all IPO GMP here