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Sodhani Academy Fintech Enablers IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Sodhani Academy Fintech Enablers IPO

#1.Quick Intro to Sodhani Academy Fintech Enablers IPO

The initial public offering (IPO) of Sodhani Academy Fintech Enablers will open for subscription on September 12 and close on September 17, comprising issues of Rs.6.12 crore. An investor can apply for the issue for a minimum of 3000 shares and the listing will happen on September 20, 2024.  

Sodhani Academy Fintech Enablers Limited (2009) is engaged in providing training, consultancy and learning services. The focus area of service delivery has been under the domain of financial literacy and awareness. The financial literacy and awareness domain broadly refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions regarding financial matters. It encompasses managing money effectively, budgeting wisely, spending prudently, and comprehending basic financial products and services.

Check out the IPO allotment status on IPO Deliver.

#2.IPO Object of Sodhani Academy Fintech Enablers    

The company intends to use the IPO Funds for the following purposes: 

  1. Building content studio and offline training infrastructure 
  2. IT Procurement 
  3. Content development for course material 
  4. Learning management system application development 
  5. Funding the working capital requirement of the company.
  6. General corporate purposes and issue expenses. 

#3.Sodhani Academy Fintech Enablers Core Strengths 

  1. Proven track records
  2. Brand Image
  3. Pandemic proof model
  4. Focus on practice and learning 
  5. Experienced promoter director with extensive knowledge. 

#4.Sodhani Academy Fintech Enablers IPO Review & Rating

Issue Size  Rs.6.12 crore
Issue Price  Rs.40 per share 
Minimum Lot Size 3000 Shares
Total Profit (Latest)  Rs.183.17 Lakhs
ROE (%) 27.91
RONW (%) 36.77
Listing on BSE (SME)
IPO Deliver Rating Two

 

#5.Sodhani Academy Fintech Enablers IPO Dates, Price Band & Details

Sodhani Academy Fintech Enablers IPO will open on September 12, 2024, and close on September 17, 2024. The IPO is to be listed on September 20, 2024.  

Type of issue Fixed Price issue IPO
Issue Size Rs.6.12 crore
Price Brand Rs.40 per share
Face Value Rs. 10/- per share
IPO Open Date September 12, 2024
IPO Close Date September 17, 2024
IPO Allotment Date September 18, 2024
Refund Date September 19, 2024
Share Credit Date September 19, 2024
Listing Date September 20, 2024

 

#6.Sodhani Academy Fintech Enablers IPO Offer Details

Sodhani Academy Fintech Enablers IPO’s total issue size is 15,30,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 15,30,000       Rs.6.12
Offer for Sale (OFS)

 

Click here for the previous SME IPO

#7.Sodhani Academy Fintech Enablers Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue     306.95 203.45 188.19
Net Worth 656.22 476.85 338.25
Profit 183.17 138.60 123.91
Total Borrowings 183.72 341.85 311.25

 

#8.Sodhani Academy Fintech Enablers Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 3.88 2.95 10.42
RoNW (%) 27.91 29.23 36.63
NAV (Rs.) 13.89 10.09 28.45

 

#9.Sodhani Academy Fintech Enablers Comparison with Other Peer Companies (Top 2)

No Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

RoNW (%) NAV

 

#10.Sodhani Academy Fintech Enablers Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).

Sr. No. Name of Promoters
01. Rajesh Kumar Sodhani
02. Priya Sodhani

 

#11.Sodhani Academy Fintech Enablers Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  99.99
Post-issue 73.12

 

#12.Sodhani Academy Fintech Enablers IPO Reservation Details

Sodhani Academy Fintech Enablers IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 50% of the Net Offer
NII Shares Offered

 

#13.Sodhani Academy Fintech Enablers IPO – Lot Size

An investor can apply for a minimum of 3000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 3000 1,20,000
Retail (Max.) 1 3000 1,20,000
HNI (Min.) 2 6000 2,40,000

 

#14.Sodhani Academy Fintech Enablers IPO – Prospectus Copy

An investor can download/view the Sodhani Academy Fintech Enablers prospectus copy, which the company filed to exchange, details are as follows. 

Sodhani Academy Fintech Enablers IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15.Sodhani Academy Fintech Enablers IPO Registrar 

Cameo Corporate Services Limited 

Website: www.cameoindia.com

#16.Sodhani Academy Fintech Enablers IPO Lead Managers

Sruian Alpha Capital Advisor LLP

Website: www.sruianalpha.com

#17.Sodhani Academy Fintech Enablers IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Sodhani Academy Fintech Enablers IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Sodhani Academy Fintech Enablers Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Sodhani Academy Fintech Enablers Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18.Sodhani Academy Fintech Enablers Company Details

Sodhani Academy Fintech Enablers Limited 

Registered Office: P.No. C-373, First Floor, Vaishali Nagar, Jaipur-302021

Email: safe.fintech3105@gamil.com

Website: www.saifintech.in

#19.Sodhani Academy Fintech Enablers Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20.Sodhani Academy Fintech Enablers Company Board (Top 2)

Sr. No. Name of Directors
01. Rajesh Kumar Sodhani
02. Priya Sodhani

 

Sodhani Academy Fintech Enablers IPO – Frequently Asked Questions (FAQs)

#1. What is a Sodhani Academy Fintech Enablers IPO?

Sodhani Academy Fintech Enablers brings its IPO of Rs.6.12 crore, on September 12, 2024, with a price band of Rs.40 per share.

 

#2. What is the Sodhani Academy Fintech Enablers IPO Open date?

Sodhani Academy Fintech Enablers IPO’s opening date is September 12, 2024.

 

#3. What is the Sodhani Academy Fintech Enablers IPO Close Date?

Sodhani Academy Fintech Enablers IPO’s closing date is September 17, 2024.

 

#4. What is the Sodhani Academy Fintech Enablers IPO Listing date?

Sodhani Academy Fintech Enablers’s IPO listing date is September 20, 2024.

 

#5. What is the Sodhani Academy Fintech Enablers IPO Minimum investment amount?

Sodhani Academy Fintech Enablers IPO’s minimum investment amount is Rs.1,20,000.

 

#6. What is the Sodhani Academy Fintech Enablers IPO offer issue Size?

Sodhani Academy Fintech Enablers offers an issue size of Rs.6.12 crore.

 

#7. What is the Sodhani Academy Fintech Enablers IPO Price Band?

Sodhani Academy Fintech Enablers’s IPO price band is Rs.40 per share.

 

#8. Is Sodhani Academy Fintech Enablers IPO mainboard IPO or SME IPO?

Sodhani Academy Fintech Enablers IPO is an SME IPO.

 

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