Sodhani Academy of Fintech Enablers Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 12, 2024 to September 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 40 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 15,30,000 shares (aggregating up to ₹ 6.12 Cr) |
| Fresh Issue | 9,70,000 shares (aggregating up to ₹ 3.88 Cr) |
| Offer for Sale | 5,60,000 shares of ₹10 (aggregating up to ₹ 2.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 47,25,000 |
| Shareholding post issue | 56,95,000 |
| Market Maker portion | 78,000 shares |
About Sodhani Academy of Fintech Enablers Limited IPO
Sodhani Academy of Fintech Enablers Limited was originally incorporated as “Sodhani Financial Consultants Private Limited” as a private limited company under the provisions of the Companies Act, 1956, under a certificate of incorporation dated February 03, 2009, issued by the Registrar of Companies, Rajasthan, Jaipur.
Subsequently, the status of the Company was changed to public limited and the name of the Company was changed to “Sodhani Financial Consultants Limited” vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of their Company held on March 09, 2023. The fresh certificate of incorporation dated April 10, 2023, was issued to the Company by the Registrar of Companies, Rajasthan, Jaipur.
IPO Details:
IPO Size: ₹6.12 crores
Issue Composition:
• Fresh Issue 9.7 lakh shares totalling ₹3.88 crores
• Offer for Sale: 5.6 lakh shares totalling ₹2.24 crores
Issue Price: ₹40 per share
Minimum Lot Size: 3000 shares
Subscription Period: September 12, 2024, to September 17, 2024
Book Running Lead Manager: Srujan Alpha Capital Advisors LLP
Registrar: Cameo Corporate Services Limited
Sodhani Academy of Fintech Enablers Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Company & Financials
Sodhani Academy of Fintech Enablers Limited was founded in 2009 and offers financial training, consulting and learning services. The company mainly focuses on the area of financial education and awareness, which refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions in financial matters. This includes the ability to manage money effectively, budget wisely, save and invest prudently and understand basic financial products and services. The organization's learners include various categories of participants such as students (both in active training and qualified applicants), recent graduates (collectively referred to as students), individuals who are not currently employed, and homemakers (collectively referred to as learners) through financial education and financial literacy courses, seminars, events and materials.
Sodhani Academy of Fintech Enablers IPO Review
The company is engaged in the business of providing training, consultancy and learning services. Its focus area of service delivery has been under the domain of financial literacy and awareness. It posted hefty margins on a minuscule operation, which appears to be exaggerated to fetch the valuations. Based on FY24 super earnings, the issue appears lucratively priced, but it is a “high Risk/Low Return” bet, as the sustainability of such margins going forward raises concerns. Post-IPO, a small equity base also hints at longer gestation for migration. There is no harm in skipping this a bit risky offer.
Sodhani Academy of Fintech Enablers Limited IPO Financial Information
Latest Revenue
140.09
₹ Crore
Profit After Tax
86.33
₹ Crore
Net Worth
563.17
₹ Crore
Total Borrowing
2.65
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Nov 2023 | 580.62 | 140.09 | 86.33 | 563.17 | — | ||||
| 31 Mar 2023 | 501.57 | 203.45 | 138.6 | 476.85 | 2.65 | ||||
| 31 Mar 2022 | 363.2 | 188.19 | 123.91 | 338.25 | 4.1 | ||||
| 31 Mar 2021 | 67.17 | 25.29 | 3.08 | 61.34 | 0.5 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹40 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹1230 and a lot size of 3000 shares.
Sodhani Academy of Fintech Enablers Limited GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-24 | ₹40 | ₹12 (30.00%) | - |
Sodhani Academy of Fintech Enablers Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.91% |
| ROCE | 36.77% |
| RoNW | 27.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.93 | 2.27 |
| P/E (x) | 13.64 | 17.59 |
Frequently Asked Questions
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Competitive Strengths
Proven track record of trainers: The Company's trainers have a proven track record in financial education and financial literacy, making them highly effective. Brand image: The company has a recognized name and reputation for quality in its field of operation and has considerable experience and a credible track record in financial education.
Technology-driven, asset-neutral, and scalable business model: The company uses state-of-the-art technology to deliver its courses, allowing learners to use up-to-date course content and learn at their own pace.
Focus on practice and learning: The company relies on the practice-oriented teaching method to provide course participants with knowledge that helps them achieve appropriate and sustainable financial freedom.
Diverse course offering: The company offers a wide range of financial education solutions through its courses, including short-term courses, long-term courses, expert courses, continuing education and retraining courses.
Pandemic-tested model: The COVID-19 pandemic has led to unique global and industry-wide challenges, including challenges to the offline learning business model and the transition of the offline learning business model to an online model.
Sodhani Academy of Fintech Enablers Limited IPO Timeline
| IPO Open Date | Thursday, September 12, 2024 |
| IPO Close Date | Tuesday, September 17, 2024 |
| Basis of Allotment | Wednesday, September 18, 2024 |
| Initiation of Refunds | Thursday, September 19, 2024 |
| Credit of Shares to Demat | Thursday, September 19, 2024 |
| Listing Date | Friday, September 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 17, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6000 | ₹240,000 |