Sodhani Academy of Fintech Enablers Ltd IPO

Sodhani Academy of Fintech Enablers Limited engaged in the business of providing training, consultancy and learning services. Its focus area of service delivery has been under the domain of financial literacy and awareness. Financial literacy and awareness domain broadly refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions regarding financial matters. It encompasses the ability to manage money effectively, budget wisely, save and invest prudently, and comprehend basic financial products and services. The Company believes a strong foundation in financial literacy empowers learners to navigate the complexities of the financial world, make sound financial choices, and plan for their future financial well-being. Its training, consultancy and learning services have majorly been focused in the areas of financial planning, fundamental analysis, technical analysis, basics of stock market and retirement planning.

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Sodhani Academy of Fintech Enablers Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 15.3 L₹ 5.6 L₹ 7.26 L₹ 47.24 LBSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
12 Sep, 2417 Sep, 243000 TBA Fixed Price - SME23 Sep, 24

Sodhani Academy of Fintech Enablers Ltd IPO Dates

  • 12 Sep 2024

    Opening date

  • 17 Sep 2024

    Closing date

  • 19 Sep 2024

    Basis of
    Allotment

  • 19 Sep 2024

    Initiation of
    Refunds

  • 19 Sep 2024

    Credit of
    Shares

  • 23 Sep 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x05535000
NII511.45x726000371313000
Retail358.47x726000260250000
Employee0x00
Total416.4x1530000637098000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Sodhani Academy of Fintech Enablers Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations2.421.751.73
EBITDA2.431.751.73
PAT1.831.391.24
Total Assets0.371.361.68
Share Capital4.731.350.27
Total Borrowings0.150.550.10
Operating Activities (Net Cash)1.841.391.24
Investing Activities (Net Cash)5.483.021.32
Financing Activities (Net Cash)0.150.550.10
Net Cashflow0.220.521.58

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Sodhani Academy of Fintech Enablers Ltd

Sodhani Academy of Fintech Enablers Limited was originally incorporated as Sodhani Financial Consultants Private Limited as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated February 03, 2009 issued by the Registrar of Companies, Rajasthan, Jaipur. Subsequently, the status of the Company was changed to public limited and the name of our Company was changed to Sodhani Financial Consultants Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on March 09, 2023. The fresh certificate of incorporation dated April 10, 2023 was issued to our Company by the Registrar of Companies, Rajasthan, Jaipur. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on May 01, 2023, the name of the Company was changed from Sodhani Financial Consultants Limited to Sodhani Academy of Fintech Enablers Limited. The fresh certificate of incorporation dated May 15, 2023 was issued to the Company by the Registrar of Companies, Rajasthan, Jaipur. Bearing CIN U67120RJ2009PLC028237.

Global Economic Overview Global growth has slowed to the extent that the global economy is perilously close to falling into recession-defined as a contraction in annual global per capita income-only three years after emerging from the pandemic-induced recession of 2020. Very high inflation has triggered unexpectedly rapid and synchronous monetary policy tightening around the world to contain it, including across major advanced economies Although this tightening has been necessary for price stability, it has contributed to a significant worsening of global financial conditions, which is exerting a substantial drag on activity. Against this backdrop, confidence has fallen precipitously. The world's three major engines of growth-the United States, the euro area, and China-are undergoing a period of pronounced weakness, with adverse spillovers for emerging market and developing economies (EMDEs), many of which are already struggling with weakening domestic conditions. Global inflation has been pushed higher by demand pressures, including those from the lagged effects of earlier policy support, and supply shocks, including disruptions to both global supply chains and the availability of key commodities. In some countries, inflation has also been spurred by large currency depreciations relative to the U.S. dollar, as well as tight labor market conditions. Inflation remains high worldwide and well above central bank targets in almost all inflation targeting economies. Although inflation is likely to gradually moderate over the course of the year, there are signs that underlying inflation pressures could be becoming more persistent. In response, central banks around the world have been tightening policy faster than previously expected. INDIAN ECONOMIC OVERVIEW According to IBEF, strong economic growth in the first quarter of FY 2022-23 helped India overcome the UK to become the fifth-largest economy after it recovered from repeated waves of COVID-19 pandemic shock. Real GDP in the first quarter of 2022-23 is currently about 4% higher than its corresponding 2019-20, indicating a strong start for India's recovery from the pandemic. Given the release of pent-up demand and the widespread vaccination coverage, the contact-intensive services sector will probably be the main driver of development in 2022-2023. Rising employment and substantially increasing private consumption, supported by rising consumer sentiment, will support GDP growth in the coming months. Future capital spending of the government in the economy is expected to be supported by factors such as tax buoyancy, the streamlined tax system with low rates, a thorough assessment and rationalization of the tariff structure, and the digitization of tax filing. In the medium run, increased capital spending on infrastructure and asset-building projects is set to increase growth multipliers, and with the revival in monsoon and the Kharif sowing, agriculture is also picking up momentum. The contact-based services sector has largely demonstrated promise to boost growth by unleashing the pentup demand over the period of April-September 2022. The sector's success is being captured by a number of HFIs (High Frequency Indicators) that are performing well, indicating the beginnings of a comeback. India has emerged as the fastest-growing major economy in the world and is expected to be one of the top three economic powers in the world over the next 10-15 years, backed by its robust democracy and strong partnerships. Indian Economy Market Size According to IBEF India's nominal gross domestic product (GDP) at current prices is estimated to be at Rs. 232.15 trillion (US$ 3.12 trillion) in FY22. With more than 100 unicorns valued at US$ 332.7 billion, India has the third-largest unicorn base in the world. The government is also focusing on renewable sources to generate energy and is planning to achieve 40% of its energy from non-fossil sources by 2030. According to the McKinsey Global Institute, India needs to boost its rate of employment growth and create 90 million non- farm jobs between 2023 and 2030 in order to increase productivity and economic growth. The net employment rate needs to grow by 1.5% per annum from 2023 to 2030 to achieve 8-8.5% GDP growth between 2023 and 2030. India's current account deficit (CAD), primarily driven by an increase in the trade deficit, stood at 2.1% of GDP in the first quarter of FY 2022-23. Exports fared remarkably well during the pandemic and aided recovery when all other growth engines were losing steam in terms of their contribution to GDP. Going forward, the contribution of merchandise exports may waver as several of India's trade partners witness an economic slowdown. According to Mr. Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Indian exports are expected to reach US$ 1 trillion by 2030.

Sodhani Academy of Fintech Enablers Limited engaged in the business of providing training, consultancy and learning services. Its focus area of service delivery has been under the domain of financial literacy and awareness. Financial literacy and awareness domain broadly refers to the knowledge and understanding of various financial concepts and skills that enable learners to make informed and responsible decisions regarding financial matters. It encompasses the ability to manage money effectively, budget wisely, save and invest prudently, and comprehend basic financial products and services. The Company believes a strong foundation in financial literacy empowers learners to navigate the complexities of the financial world, make sound financial choices, and plan for their future financial well-being. Its training, consultancy and learning services have majorly been focused in the areas of financial planning, fundamental analysis, technical analysis, basics of stock market and retirement planning.

Peer Comparison:

  • No Listed Industry Peers

Sodhani Academy of Fintech Enablers Ltd IPO Key Points

Strengths

  • Proven track record of its trainers.
  • Brand Image.
  • Technology driven, Asset light and Scalable business model.
  • Focus on Practice and learning.
  • Diversified course offerings.

Risk

  • A significant portion of the company operating revenue is derived from the business of learning, training and consultancy activities. Failure to attract potential learners in the courses due to factors, including but not limited to an unsatisfactory success ratio, may adversely affect its revenues, business, results of operations and prospects.
  • The company ability to attract new learners is dependent upon various factors including the company reputation and its ability to maintain a high level of service quality.
  • As on date the company has 8 Trainers who are engaged with it on full time basis. The company is substantially dependent on its trainers and its ability to attract and retain them for the company's business delivery. Sudden decrease in the number of its trainers due to attrition or the company inability to on board new trainers may affect its operations and business.

Strategy

  • Course Learner Satisfaction.
  • Brand building strategy.
  • Develop and expand its course content.
  • Financial Literacy through IAPs (Investors Awareness Programme).
  • Master class with mutual fund and insurance companies.
  • Proven track record of its trainers.
  • Brand Image.
  • Technology driven, Asset light and Scalable business model.
  • Focus on Practice and learning.
  • Diversified course offerings.

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Get your FAQs right

Sodhani Academy of Fintech Enablers Ltd's IPO offers shares for up to ₹ 0 L It begins on Sep 12, 2024 and ends on Sep 17, 2024.

The price of Sodhani Academy of Fintech Enablers Ltd IPO ranges between NA to NA per share.

The Sodhani Academy of Fintech Enablers Ltd IPO opens on Sep 12, 2024 and closes on Sep 17, 2024.

The allotment for the Sodhani Academy of Fintech Enablers Ltd IPO will be finalised on Sep 19, 2024. The shares will be listed on BSE and NSE on Sep 23, 2024.

The minimum lot size for Sodhani Academy of Fintech Enablers Ltd IPO is 3000 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of Sodhani Academy of Fintech Enablers Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Sodhani Academy of Fintech Enablers Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Sodhani Academy of Fintech Enablers Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 12, 2024, and closes on Sep 17, 2024. The allotment is finalised on Sep 19, 2024.

To apply for the Sodhani Academy of Fintech Enablers Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.