Sodhani Academy of Fintech Enablers LTD IPO

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.

Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)

Period Ended30 Nov 202331 Mar 202331 Mar 202231 Mar 2021
Assets580.62501.57363.267.17
Revenue140.09203.45188.1925.29
Profit After Tax86.33138.6123.913.08
Net Worth563.17476.85338.2561.34
Reserves and Surplus90.67341.85311.2552.34
Total Borrowing 2.654.10.5
Amount in ₹ Lakhs
 Pre IPOPost IPO
EPS (Rs) 2.932.27
P/E (x) 13.6417.59
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2023 that is available in RHP.

Objects of the Issue (Sodhani Academy of Fintech Enablers IPO Objectives)

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding 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.

Sodhani Academy of Fintech Enablers IPO Details

IPO DateSeptember 12, 2024 to September 17, 2024
Listing Date[.]
Face Value₹10 per share
Price₹40 per share
Lot Size3000 Shares
Total Issue Size1,530,000 shares
(aggregating up to ₹6.12 Cr)
Fresh Issue970,000 shares
(aggregating up to ₹3.88 Cr)
Offer for Sale560,000 shares of ₹10
(aggregating up to ₹2.24 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue4,725,000
Share holding post issue5,695,000
Market Maker portion78,000 shares

Sodhani Academy of Fintech Enablers IPO Timeline (Tentative Schedule)

Sodhani Academy of Fintech Enablers IPO opens on September 12, 2024, and closes on September 17, 2024.

Share Holding Pre Issue 99.99%
Share Holding Post Issue

SHARIAH SCREENING for - Sodhani Academy of Fintech Enablers Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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