Sodhani Academy of Fintech Enablers Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 726,000 (47%) | — | ₹290 Cr |
| Retail | — | 726,000 (47%) | — | ₹290 Cr |
| Market Maker | — | 78,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 1,530,000 (100%) | — | ₹6,120 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹120,000 |
| Retail (Max) | 13 | 39,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,040,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 307 | 203 | 188 |
| Profit After Tax | 183 | 139 | 124 |
| Net Worth | 656 | 477 | 338 |
| Total Assets | 660 | 502 | 363 |
| Reserves & Surplus | 184 | 342 | 311 |
| Total Borrowing | — | 3 | 4 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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. –
Company Overview
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.