IPO Details

Bidding Dates

12 Sep '24 - 17 Sep '24

Minimum Investment

₹1,20,000 / 1 Lot (3000 Shares)

Price Range

₹40

Maximum Investment

₹1,20,000 / 1 Lot (3000 Shares)

Retail Discount

To be announced

Issue Size

₹6.12 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |   Eligible employees  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 12, 2024

Closing Date

Sep 17, 2024

Basis of Allotment

Sep 18, 2024

Initiation of Refunds

Sep 19, 2024

Listing Date

Sep 20, 2024

About Sodhani Academy of Fintech Enablers IPO

Sodhani Academy of Fintech Enablers IPO is a fixed price issue valued at ₹6.12 crore. The offering consists of a fresh issue of 9.7 lakh shares totaling ₹3.88 crore, along with an offer for sale of 5.6 lakh shares amounting to ₹2.24 crore.

The IPO subscription period is from September 12, 2024, to September 17, 2024, with the allotment expected on September 18, 2024. The listing will take place on BSE SME, with a tentative listing date set for September 20, 2024. Each share is priced at ₹40, and the minimum application size is 3000 shares, requiring a retail investment of ₹120,000.

For high-net-worth individuals (HNIs), the minimum investment size is 6,000 shares, costing ₹240,000. Srujan Alpha Capital Advisors LLP is serving as the book running lead manager, while Cameo Corporate Services Limited is handling the registrar responsibilities. The market maker for the IPO is Prabhat Financial Services, ensuring liquidity for the shares post-listing.

Industry Outlook:

  1. The Indian education market, valued at $117 billion in 2023, is expected to nearly double to $225 billion by 2025. This rapid expansion is driven by increasing enrollments in higher education, now the second-largest globally, and the rising demand for online learning solutions.
  2. India's online education market is projected to grow by $2.28 billion between 2022 and 2026, at a CAGR of 19.5%. This shift to digital learning platforms is largely due to increased internet penetration and government initiatives.

Sodhani Academy of Fintech Enablers IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. A portion of the funds will be used to establish a content studio and offline training facilities.
  2. The issue proceeds will be allocated towards acquiring essential hardware and software.
  3. Investment in course material development to improve the quality and variety of educational content.
  4. Enhancing brand visibility through marketing efforts.
  5. Proceeds will be used to develop a robust Learning Management System (LMS) platform.
  6. The remaining funds will be utilised for general corporate purposes.

About Sodhani Academy of Fintech Enablers Limited

Sodhani Academy of Fintech Enablers Limited, originally incorporated as Sodhani Financial Consultants Private Limited in 2009, is focused on providing training, consultancy, and learning services in the domain of financial literacy. The company underwent several name changes before adopting its current name in May 2023. Specialising in financial education, the academy offers knowledge in areas such as financial planning, stock market basics, technical analysis, and retirement planning.

By the end of 2020, the company identified opportunities in financial literacy training, and since then, it has expanded its reach significantly. The onset of the COVID-19 pandemic accelerated the demand for online sessions, helping Sodhani grow its learner base.

Sodhani Academy's clientele includes students, graduates, homemakers, and individuals not presently working. The company's services are designed to offer hands-on learning experiences that translate theoretical knowledge into practical skills, helping learners navigate the complexities of the financial world.

Peer Details

Sodhani Academy of Fintech Enablers Limited does not have any listed companies engaged in exactly similar businesses that it could consider as its peers.

How to Check the Allotment Status of the Sodhani Academy of Fintech Enablers IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Sodhani Academy of Fintech Enablers IPO

  • Registered office: P No. C373, First Floor, C Block, Vaishali Nagar, Jaipur - 302021, Rajasthan, India
  • Phone: 0141-2358107
  • E-mail: safe.fintech3105@gmail.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 205.08 137.58 185.89
Profit After Tax (PAT) (in ₹ lakh) 183.17 139.39 123.91
Current Ratio (x) 33.87 10.72 10.46
Net Worth (in ₹ lakh) 656.22 476.85 338.25
Earnings per Share (in ₹) 13.89 10.09 28.45
Return on Equity (x) 0.28 0.29 0.37
Return on Capital Employed (RoCE) (%) 36.77 36.79 51.27
EBITDA (in ₹ lakh) 241.27 175.44 173.40

Know before investing

Strengths

6

  1. Trainers have a proven track record in financial literacy education.

  2. The company has a strong brand image with a credible reputation.

  3. Asset-light business model is scalable and technology-driven for growth.

  4. Focuses on practice-oriented teaching for achieving financial independence.

  5. Offers diversified financial literacy courses, providing a competitive edge.

  6. Pandemic-proof model ensures business continuity during global disruptions.

Risks

6

  1. Failure to attract new learners may reduce Sodhani Academy's revenue.

  2. Dissatisfaction with course quality could harm Sodhani Academy's brand image.

  3. Loss of key trainers may disrupt Sodhani Academy's business operations.

  4. New government regulations could impact Sodhani Academy's growth plans.

  5. Lease termination may force Sodhani Academy to relocate, affecting operations.

  6. Financial penalties for non-compliance may hurt Sodhani Academy's profits.

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Sodhani Academy of Fintech Enablers IPO FAQs

What is the Sodhani Academy of Fintech Enablers IPO?

Sodhani Academy of Fintech Enablers’s IPO is a fixed price issue IPO. It will be open from September 12, 2024, to September 17, 2024.

When will the Sodhani Academy of Fintech Enablers IPO be allotted?

The Basis of Allotment will happen on Wednesday, September 18, 2024.

When will Sodhani Academy of Fintech Enablers IPO open for subscription?

The IPO subscription window will open on September 12, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3000 shares.

When will Sodhani Academy of Fintech Enablers Limited list on exchanges?

The listing date for Sodhani Academy of Fintech Enablers IPO is Friday, September 20, 2024.

What would be the listing gains on the Sodhani Academy of Fintech Enablers IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to apply for Sodhani Academy of Fintech Enablers IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the ‘IPO’ section on the platform.
  3. Select IPO: Find and select the Sodhani Academy of Fintech Enablers IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How to increase your chances of getting a Sodhani Academy of Fintech Enablers IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Sodhani Academy of Fintech Enablers IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Sodhani Academy of Fintech Enablers Limited using one PAN?

You can submit only one application using your PAN card.

How to read Sodhani Academy of Fintech Enablers Limited's financial statements?

To read Sodhani Academy of Fintech Enablers Limited’s financial statements, download the IPO’s  RHP document.