Sodhani Academy of Fintech Enablers specializes in providing training, consultancy, and learning services with a focus on financial literacy and awareness. Their expertise lies in equipping learners with the knowledge and skills to make informed financial decisions.

The company is set to launch its fixed price IPO amounting to ₹6.12 Crores, with a fresh issue of 9.7 lakh shares worth ₹3.88 Crores and an offer for sale of 5.6 lakh shares totaling ₹2.24 Crores. The subscription period for the IPO will begin on September 12, 2024, and close on September 17, 2024. The shares are expected to be listed on the BSE SME with a tentative listing date of September 20, 2024.

The IPO is priced at a fixed rate of ₹40 per equity share, with a minimum lot size of 3,000 shares. Retail investors will need to invest a minimum of ₹120,000, while High-Net-Worth Individuals (HNIs) are required to invest in 2 lots (6,000 shares) for a total of ₹240,000.

SRUJAN ALPHA CAPITAL ADVISORS LLP is the book-running lead manager, Cameo Corporate Services Limited is the registrar for the issue, and Prabhat Financial Services Limited is the sole market maker for the IPO.

The Grey Market Premium (GMP) for Sodhani Academy of Fintech Enablers IPO is anticipated to be in the range of ₹14 to ₹16, reflecting positive investor sentiment. However, it's important to note that GMP is not a reliable indicator of final listing price, as it is influenced by market demand and supply dynamics in the unorganized market.

Live Subscription Status: As of September 12, 2024, 00:00 PM, the IPO subscription status shows initial interest. For real-time updates, check the subscription status on the NSE website.

IPO Allotment: The allotment of shares is expected to be finalized on September 18, 2024. Investors can verify their allotment status on the registrar’s website by selecting Sodhani Academy of Fintech Enablers Limited IPO and entering the necessary details such as application number, PAN, or DP Client ID.

Objectives of the IPO: The proceeds from the IPO will be used for:

₹80 Lakhs for building a content studio and offline training infrastructure.

₹60 Lakhs for procurement of IT hardware and software.

₹50 Lakhs for developing course material.

₹35 Lakhs for enhancing brand visibility and awareness.

₹10 Lakhs for developing a Learning Management System (LMS) application.

₹75 Lakhs for general corporate purposes.

Sodhani Academy of Fintech Enablers has demonstrated steady financial performance, with revenue growing from ₹188.19 Lakhs in FY22 to ₹306.95 Lakhs in FY24. EBITDA and PAT figures have also shown stability. The IPO's pre-issue EPS stands at ₹3.88, with a post-issue EPS of ₹3.21. The pre-issue P/E ratio is 10.30x, and the post-issue P/E ratio is 12.46x, compared to the industry average. The company's ROCE and ROAE for FY24 are 36.77% and 32.33%, respectively, suggesting that the IPO is fairly priced.

Given the company's financial stability and the valuation metrics, it is recommended that only risk-tolerant investors consider applying for the Sodhani Academy of Fintech Enablers Limited IPO for potential listing gains or long-term investment.

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