Sodhani Academy of Fintech Enablers IPO Logo

Sodhani Academy of Fintech Enablers IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Sep 12 to Sep 17 2024
Price Band ₹40
Current GMP ₹53(32.5%)
Subscription 438.72 times

IPO Details

IPO Date
September 12, 2024 to September 17, 2024
Listing Date
Friday, September 20, 2024
Face Value
₹10 per share
Price
₹40 per share
Lot Size
3000 Shares
Total Issue Size
1,530,000 shares (aggregating up to ₹6.12 Cr)
Fresh Issue
970,000 shares (aggregating up to ₹3.88 Cr)
Offer for Sale
560,000 shares of ₹10 (aggregating up to ₹2.24 Cr)
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
78,000 shares Prabhat Financial Services

IPO Subscription Details

Market Maker
1
Non-Institutional Buyers***
511.34
Retail Investors
358.47
Total **
438.72

Day Wise Sub

DayDay 1 Sep 12, 2024
NII*1.13
Retail3.10
Total2.11
DayDay 2 Sep 13, 2024
NII*3.48
Retail16.32
Total9.90
DayDay 3 Sep 16, 2024
NII*18.70
Retail79.22
Total48.96
DayDay 4 Sep 17, 2024
NII*511.34
Retail358.47
Total438.72

Day Wise GMP

Date24-09-2024
Price40.00
GMP12(30.0%)
Estimate List Price52
Date23-09-2024
Price40.00
GMP12(30.0%)
Estimate List Price52
Date22-09-2024
Price40.00
GMP12(30.0%)
Estimate List Price52
Date21-09-2024
Price40.00
GMP12(30.0%)
Estimate List Price52
Date20-09-2024
Price40.00
GMP12(30.0%)
Estimate List Price52
Date19-09-2024
Price40.00
GMP12(30.0%)
Estimate List Price52
Date18-09-2024
Price40.00
GMP15(37.5%)
Estimate List Price55
Date17-09-2024
Price40.00
GMP15(37.5%)
Estimate List Price55
Date16-09-2024
Price40.00
GMP15(37.5%)
Estimate List Price55
Date15-09-2024
Price40.00
GMP10(25.0%)
Estimate List Price50
Date14-09-2024
Price40.00
GMP10(25.0%)
Estimate List Price50
Date13-09-2024
Price40.00
GMP10(25.0%)
Estimate List Price50
Date12-09-2024
Price40.00
GMP10(25.0%)
Estimate List Price50
Date11-09-2024
Price40.00
GMP0(0.0%)
Estimate List Price40
Date10-09-2024
Price40.00
GMP0(0.0%)
Estimate List Price40

IPO Important Dates

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

ApplicationRetail (Min)
Lots1
Shares3000
Amount₹120,000
ApplicationRetail (Max)
Lots1
Shares3000
Amount₹120,000
ApplicationHNI (Min)
Lots2
Shares6,000
Amount₹240,000

Financial Information

Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 2024660.04
31 Mar 2023501.57
31 Mar 2022363.2
Period EndedRevenue
31 Mar 2024306.95
31 Mar 2023203.45
31 Mar 2022188.19
Period EndedProfit After Tax
31 Mar 2024183.17
31 Mar 2023138.6
31 Mar 2022123.91
Period EndedNet Worth
31 Mar 2024656.22
31 Mar 2023476.85
31 Mar 2022338.25
Period EndedReserves and Surplus
31 Mar 2024183.72
31 Mar 2023341.85
31 Mar 2022311.25
Period EndedTotal Borrowing
31 Mar 2024
31 Mar 20232.65
31 Mar 20224.1

Key Performance Indicator

ROE
27.91%
ROCE
36.77%
RoNW
27.91%
EPS (Rs)
3.88

IPO Reservation

Anchor Investor Shares Offered
-
Market Maker Shares Offered
78,000 (5.1%)
Other Shares Offered
7,26,000 (47.45%)
Retail Shares Offered
7,26,000 (47.45%)
Total Shares Offered
15,30,000 (100%)

Information about company

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. Competitive Strengths: Proven track record of trainers: Thecompnya'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. As of December 30, 2023, the company employed 12 full-time employees and 2 professional trainers under the professional employment model.

Objectives of IPO

The company proposes to utilize the Net Proceeds from the Fresh Issue 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.

Disclaimer

All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application. No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever Please read all Tearms and conditions , and agree to use the App