Sodhani Academy of Fintech Enablers IPO - AstroIPO

Sodhani Academy of Fintech Enablers IPO


September 10, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Sodhani Academy Of Fintech Enablers Ltd. is preparing to launch its Initial Public Offering (IPO) from September 12-17, 2024. This educational institution, focusing on fintech, plans to raise ₹6.12 crore through a fixed price issue.

The IPO offers 15.30 lakh shares at ₹40 per share. With a face value of ₹10, the minimum application is set at 3,000 shares. Retail investors can apply for up to ₹5 lakh worth of shares.

Sodhani Academy intends to list on the Bombay Stock Exchange (BSE). The company operates in the rapidly evolving fintech education sector. Priya Sodhani and Rajesh Kumar Sodhani are the promoters of the company.

Sodhani Academy of Fintech Enablers IPO Details

IPO Size 6.12
Price Range ₹40
Retail Quota 50%
QIB Quota --
NII Quota 50%
Employee Discount --
Listing at BSE
Minimum Quantity 3000
Investment (cut-off price) ₹120,000
Pre IPO Promotor Holding 99.99%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Sodhani Academy of Fintech Enablers IPO Timelines

12/09/2024
Start Date
17/09/2024
End Date
18/09/2024
Allotment Date View Status
19/09/2024
Refund Initiation
19/09/2024
Credit of Shares to Demat Ac
20/09/2024
Listing Date

Sodhani Academy of Fintech Enablers IPO Lot Size

Application Lot Size 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 Subscription Status

QIB NII Retail EMP Total
-- 511.45 x 358.47 x -- 438.77 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹53 ₹55.65 ₹55.65 ₹53

Sodhani Academy of Fintech Enablers IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹1.88 ₹0.15 ₹1.24
FY 2023 ₹2.03 ₹0.28 ₹1.39
FY 2024 ₹3.07 ₹0.66 ₹1.83

About Company

Sodhani Academy of Fintech Enablers Limited, originally incorporated as Sodhani Financial Consultants Private Limited in 2009, operates as a leading provider of financial literacy, consultancy, and learning services. Over time, the company transitioned to a public limited entity in 2023, undergoing a series of name changes reflecting its expanding focus on fintech education. It specializes in delivering comprehensive training programs, covering areas like financial planning, stock market analysis, and retirement planning. Sodhani Academy’s core mission revolves around promoting financial literacy, equipping individuals with the skills to make informed financial decisions and secure their financial futures.

Amid a challenging global economic environment marked by high inflation and tightening financial conditions, India’s economy stands out for its resilience. Recovering from the pandemic, India has emerged as the world’s fifth-largest economy. The government’s focus on capital spending, rising employment, and robust domestic consumption are driving growth. With a strong foundation in democracy and partnerships, India is projected to be among the top three economic powers within the next decade. Sodhani Academy is poised to contribute to this growth by empowering individuals with essential financial skills, fostering informed participation in India’s burgeoning economy.

Incorporation Date Sector Managing Director
2009 Finance Rajesh Kumar Sodhani

Know Before Investing

Sodhani Academy of Fintech Enablers IPO Strengths

  • Proven track record of its trainers.
  • Brand Image.
  • Technology driven, Asset light and Scalable business model.
  • Focus on Practice and learning.
  • Diversified course offerings.

Sodhani Academy of Fintech Enablers IPO Risks

  • A significant portion of the company operating revenue is derived from the business of learning, training and consultancy activities. Failure to attract potential learners in the courses due to factors, including but not limited to an unsatisfactory success ratio, may adversely affect its revenues, business, results of operations and prospects.
  • The company ability to attract new learners is dependent upon various factors including the company reputation and its ability to maintain a high level of service quality.
  • The company training courses offered by it depends substantially on the trainers and its ability to attract and retain them. Sudden decrease in the number of the trainers due to attrition may affect the company operations and business.

Swot Analysis for Sodhani Academy of Fintech Enablers IPO

Strengths

Weaknesses

Opportunities

Threats

Company Details

Sodhani Academy of Fintech Enablers Limited

P No. C 373, First Floor,
C Block Vaishali Nagar,
Jaipur – 302021

Phone: 0141- 2358107

Email: [email protected]

Website: http://www.safefintech.in/

IPO Registar Details

Cameo Corporate Services Limited

Phone: +91-44-28460390

Email:

Website: https://ipo.cameoindia.com/

FAQs

The key objectives of Sodhani Academy of Fintech Enablers IPO are:

  • 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.

  • Srujan Alpha Capital Advisors Llp

are the book-running lead managers for the Sodhani Academy of Fintech Enablers IPO.

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