Sodhani Academy of Fintech Enablers IPO: Dates, Price, Allotment 2024

The IPO for Sodhani Academy of Fintech Enablers is set to open on September 12, 2024, and will close on September 17, 2024. Moreover, this offering is structured as a Fixed Price Issue, with the company aiming to raise approximately ₹6.12 crores. Specifically, the IPO includes a fresh issue worth ₹3.88 crores, along with an offer for sale of up to 560,000 equity shares, each with a face value of ₹10.

Sodhani Academy of Fintech Enabler’s IPO Overview

Overview Points	Description
Company Name	Sodhani Academy of Fintech Enablers Limited
Industry	Education and Training
IPO Issue Type	Fixed Price Issue
Open Date	September 12, 2024
Close Date	September 17, 2024
Total Issue Size	₹6.12 Crores(1,530,000 Equity Shares)
Fresh Issue	₹3.88 Crores(970,000 Equity Shares)
Face Value	₹10 Per Equity Share
Price Band	₹40 Per Share
Listing on	BSE SME
Lot Size	3000 Shares
Offer for Sale	₹2.24 Crores(560,000 Equity Shares)
Shares Offered to Retail	50%
Shares Offered to QIB	00%
Shares Offered to HNI	50%

Company Details

Founded in 2009, Sodhani Academy of Fintech Enablers Limited specializes in providing financial training, consulting, and learning services. Primarily, the company focuses on financial education and awareness, aiming to equip learners with the knowledge and skills necessary to make informed financial decisions. This includes effective money management, budgeting, saving, investing, and understanding essential financial products and services.

The organization caters to a diverse group of learners, including students (both in training and qualified applicants), recent graduates, unemployed individuals, and homemakers. Through a range of financial education courses, seminars, events, and learning materials, these participants gain valuable insights into financial literacy.

Competitive Strengths:

• Firstly, the company boasts a proven expertise of trainers: Its trainers have a solid track record in financial education, making them highly effective in delivering financial literacy programs.
• Moreover, the company enjoys a strong brand reputation: Sodhani Academy has a recognized name and reputation for quality, backed by extensive experience and a credible history in the financial education sector.
• Additionally, the academy offers diverse course offerings, providing a wide variety of financial education solutions, ranging from short-term and long-term courses to expert-level training, continuing education, and retraining programs.
• Lastly, the academy’s adaptability during the pandemic proved crucial. The COVID-19 pandemic presented significant challenges, particularly for offline learning models.

Operating from its registered office in Rajasthan, where its studio and training center are located, Sodhani Academy offers a wide range of beginner, intermediate, and advanced-level courses to meet the needs of learners across various stages of financial literacy development.

Key Dates

Events	Date
IPO Open Date	September 12, 2024
IPO Close Date	September 17, 2024
Basis of Allotment	September 18, 2024
Refunds	September 19, 2024
Credit to Demat Account	September 19, 2024
IPO Listing Date	September 20, 2024

Financials (₹ in Lakhs)

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	₹580.62	₹501.57	₹363.2	₹67.17
Revenue	₹140.09	₹203.45	₹188.19	₹25.29
Profit After Tax	₹86.33	₹138.6	₹123.91	₹3.08
Net Worth	₹563.17	₹476.85	₹338.25	₹61.34
Reserves and Surplus	₹90.67	₹341.85	₹311.25	₹52.34
Total Borrowing	NA	₹2.65	₹4.1	₹0.5

IPO Lot Size

Application	Lot Size	Shares	Amount
Retail (Min)	1	3000	₹120,000
Retail (Max)	1	3000	₹120,000
HNI (Min)	2	6000	₹240,000

The objective of the Issue

• Additionally, efforts will be made towards procuring information technology, encompassing both hardware and software.
• Moreover, the company will prioritize the creation of course material through robust content development.
• To further enhance its market presence, the company will work on boosting brand visibility and awareness.
• In parallel, it will invest in the development of a Learning Management System (LMS) application.
• Finally, these efforts will be supported by general corporate purposes aimed at strengthening overall operations.

Company Promoters

• Mr. Rajesh Kumar Sodhani
• Mrs. Priya Sodhani

Sodhani Academy of Fintech Enablers IPO GMP (Grey Market Premium)

Curious about the latest Grey Market Premium (GMP) for the Sodhani Academy of Fintech Enablers IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Sodhani Academy of Fintech Enablers Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!

Sodhani Academy of Fintech Enablers IPO Application Form PDF

To download the Deccan Transcon Leasing IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.

Sodhani Academy of Fintech Enablers IPO Subscription Status

This IPO subscription kicks off on September 12, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!

Sodhani Academy of Fintech Enablers IPO Allotment Status

To check the Sodhani Academy of Fintech Enablers IPO allotment status go to the IPO registrar website Cameo or go to IPO Allotment.

To check allotment status. Firstly, follow the steps below:

1. Firstly, go to the link given above.
2. Secondly, select the company name.
3. Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
4. Finally, submit the details to get the allotment status.

IPO Review

Strengths:

• Firstly, the company boasts a proven track record of trainers with extensive expertise in financial education and literacy.
• Additionally, it has a well-recognized brand image and reputation for delivering high-quality financial education.
• Furthermore, the business operates on a technology-driven, asset-neutral, and scalable model, which allows for flexible growth.
• Moreover, the company emphasizes practice-oriented teaching methods, ensuring learners gain practical, applicable skills.
• In addition, it offers a diverse range of courses that cater to various financial education needs.
• Lastly, the company’s model has been pandemic-tested, successfully transitioning from offline to online learning during COVID-19.

Risks:

• However, the small employee base may limit scalability in the long run.
• Additionally, the company operates in a relatively niche market focused solely on financial education.
• Lastly, there is potential dependence on key trainers or personnel, which could present challenges if turnover occurs.

Sodhani Academy of Fintech Enablers IPO Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700/ 2846 0390
Email: ipo@cameoindia.com
Website: www.cameoindia.com

Sodhani Academy of Fintech Enablers IPO Lead Manager

SRUJAN ALPHA CAPITAL ADVISORS LLP
824 & 825, Corporate Avenue
Sonawala Road , Goregaon (E)
Mumbai – 400063
Phone: +91 2246030709
E-mail: jinesh@srujanalpha.com
Website: www.srujanalpha.com

Sodhani Academy of Fintech Enablers Limited Contact

SODHANI ACADEMY OF FINTECH ENABLERS LIMITED
P No. C 373, First Floor, C Block Vaishali Nagar,
Jaipur-302021, Rajasthan, India
Phone: 0141- 2358107
E-mail: safe.fintech3105@gmail.com
Website: www.safefintech.in

FAQs

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