Sodhani Academy of Fintech Enablers Limited IPO: Review, Date & GMP

Sodhani Academy of Fintech Enablers IPO-Complete Overview

Sodhani Academy of Fintech Enablers IPO an SME IPO is a fixed price issue of Rs.6.12 crore by Sodhani Academy of Fintech Enablers Ltd. which was founded in 2009 and provides learning, coaching, and training services in finance.

The company's primary focus is on financial education and awareness, which is defined as the knowledge and comprehension of diverse financial ideas and abilities that empower students to make responsible and well-informed financial decisions. This involves having the capacity to handle finances sensibly, create and stick to a budget, save and invest sensibly, and comprehend the fundamentals of financial services and goods.

Through financial education and financial literacy courses, seminars, events, and materials, the organization serves a variety of participant categories, including students (both in active training and qualified applicants), recent graduates (collectively referred to as students), people without jobs, and homemakers (collectively referred to as learners).

This new SME IPO is to be launched on 12 September 2024, and its ‘initial public offering’ will end on 17 September 2024.

 

Sodhani Academy of Fintech Enablers IPO Overview

The Rs.6.12 crore Sodhani Academy of Fintech Enablers Ltd. IPO consists of a total issue size of 1,530,000 Shares comprising a fresh issue of 9.7 lac Shares aggregating to Rs.3.88 crore and an offer for sale (OFS) of 5.6 lac Shares aggregating to Rs.2.24 crore.

This SME IPO date is from September 12-September 17, 2024. The expected IPO listing date is Friday, September 20, 2024, on BSE and SME. Sodhani Academy of Fintech Enablers IPO price band is Rs.40 for each Share.

If You want to apply for the IPO, Click Here to Open a Demat Account.

Company Financial

Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total assets of the company are Rs.660.04 lac.

• The total revenue of the company is Rs.306.95 lac.

• The company’s PAT is Rs.183.17 lac.

• The net worth of the company is Rs.656.22 lac.

• The company’s EBITDA is Rs.241.27 lac.

(Amount in lac)

 

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Revenue Breakdown During The Last Three Fiscals 

(Amount in lac)

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Constructing an offline training infrastructure and content studio

• Procuring information technology hardware and software

• Creating course material content

• Raising brand awareness and visibility

• Application development for Learning Management Systems (LMS)

• General corporate purposes.

 

Peers of Sodhani Academy of Fintech Enablers Ltd. 

There are no listed companies in India engaged in the same business of comparable size.

 

Evaluation

Sodhani Academy of Fintech Enablers IPO Share price is Rs.40 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.3.88 from the last year, the resulting P/E ratio is 10.31x.

Considering the weighted EPS of Rs.4.66 for the last three years, the P/E ratio is 8.58x.

Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

 

IPO's Strengths

• Trainers' verified track record

• Image of the Brand

• A business model that is scalable, asset-light, and driven by technology

• Put practice and learning first

• Wide range of course options

• Model of Pandemic Proof.

 

IPO’s Weaknesses

• Its business of providing learning, training, and consulting services generates a sizable amount of its operational revenue. A low success rate among other reasons may prevent potential students from enrolling in the courses, which could harm the company’s earnings and business.

• The training programs it provides are mostly dependent on its trainers and its capacity to draw and keep them. A sudden drop in its trainer population as a result of attrition could have an impact on its operations and company.

• The industry, which is learning and training, is not very controlled. In the future, the Union and State Governments may modify the current regulations or enact brand-new ones. It is now impossible to determine how these modifications or new restrictions would affect the company, but they could harm it in the future.

• Intense competition in the financial literacy course industry may potentially cause the company to lose market share and be forced to lower its course prices or offer greater discounts. This might seriously harm its capacity to attract new students, generate income, and turn a profit.

• The company had a negative cash flow from its financing and investing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

Sodhani Academy of Fintech Enablers IPO GMP Today

Sodhani Academy of Fintech Enablers IPO GMP has not started yet as of 11 September 2024.

 

IPO Timetable (Tentative)

The Sodhani Academy of Fintech Enablers IPO date is from September 12 to September 17, 2024, with allotment on September 18, refund initiation on September 19, and listing on September 20, 2024.

 

Sodhani Academy of Fintech Enablers IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 12, 2024, close on September 17, 2024, and offer a total issue size of 1,530,000 Shares (aggregating up to Rs.6.12 Cr.).

 

Sodhani Academy of Fintech Enablers IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (3000 Shares) amounting to Rs.1,20,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (6000 Shares) amounting to Rs.2,40,000.

 

Sodhani Academy of Fintech Enablers IPO Reservation

 

 

 

Promoters And Management of Sodhani Academy of Fintech Enablers Ltd.

•  Mr. Rajesh Kumar Sodhani

• Mrs. Priya Sodhani

• Rajesh Kumar Sodhani HUF

IPO Lead Managers

• Srujan Alpha Capital Advisors LLP.

 

Dividend Policy

The company has not paid dividends since its inception.

 

Conclusion

The company has experienced negative cash flow in financing and investing activities in the last fiscal years. to achieve its goals, the company is currently launching an IPO for the general public.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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