IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size15,30,000 shares (aggregating up to ₹6.12 Cr)
Issue TypeBook Built Issue
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 12 Sep 2024
Subscription CloseTue, 17 Sep 2024
Anchor AllotmentWed, 11 Sep 2024
Basis of AllotmentWed, 18 Sep 2024
Initiation of RefundsThu, 19 Sep 2024
Credit of Shares to DematThu, 19 Sep 2024
Listing DateMon, 23 Sep 2024
UPI Mandate Deadline2024-09-17
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 3,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 6,000 shares
EPS (Pre-IPO)₹3.88
EPS (Post-IPO)₹3.22
P/E Ratio (Pre-IPO)10.32x
P/E Ratio (Post-IPO)12.44x
Net Offer to Public14,52,000 shares (aggregating up to ₹5.81 Cr)
Reserved for Market Maker78,000 shares (aggregating up to ₹0.3120 Cr)
Pre-IPO Promoter Holding47,25,000 shares
Post-IPO Promoter Holding56,95,000 shares
Fresh Issue Shares8,92,000 shares (aggregating up to ₹3.57 Cr)
Offer for Sale Shares5,60,000 shares of ₹10 (aggregating up to ₹2.24 Cr)
About Sodhani Academy of Fintech Enablers Ltd
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.
Objects of the Issue
Sodhani Academy of Fintech Enablers Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Building content Studio and Offline training infrastructure;
2
Information Technology (Hardware including Software) Procurement;
3
Content Development for course material;
4
Enhancement of brand visibility and awareness;
5
Learning Management System (LMS) Application development; and
6
General Corporate Purpose.
Shareholding & Lock-in
Pre-IPO Promoter Holding
47,25,000 shares
Post-IPO Promoter Holding
56,95,000 shares