SODHANI ACADEMY OF FINTECH ENABLERS LIMITED

12 Sep 2024 - 17 Sep 2024 Individual Category SME BSE

Min Investment

₹120000

Price Band

₹40

Issue Size

15.3 lakhs
Equity Shares

Lot Size

3000

IPO Dates
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12 Sep 2024

Open Date

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17 Sep 2024

Close Date

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18 Sep 2024

Allotment Date

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20 Sep 2024

Listing Date

Sodhani Academy IPO is open for subscription starting Thursday, September 12, 2024, and closing on Tuesday, September 17, 2024. This upcoming IPO's price is Rs 40 per share. The minimum lot size set for the retail category is 3000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 6000 shares. The minimum investment required for retail category investors is Rs 1,12,000 (40 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (40 x 6000 shares). Sodhani Academy IPO is a fixed price issue of Rs 6.12 crores. This upcoming IPO is a mixture of fresh issue and offer-for-sale. The fresh issue is of 9.7 lakh equity shares amounting to Rs 3.88 crores and OFS component is of 5.6 lakhs equity shares amounting to Rs 2.24 crores. The allotment for this new IPO is expected to be finalised on Wednesday, September 18, 2024. Sodhani Academy IPO will be listed on BSE SME on Friday, September, 20, 2024. Srujan Alpha Capital Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar for this IPO.

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About Sodhani Academy Of Fintech Enablers Limited

Sodhani Academy Limited was founded in 2009, offers financial training, consulting and learning services. Sodhani Academy 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 company has a recognized name and reputation for quality in its field of operation, as well as considerable experience and a credible track record in financial education. 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. The company relies on the practice-oriented teaching method to provide course participants with knowledge that helps them achieve appropriate and sustainable financial freedom.

Founded

2009

Managing Director

Mr. Rajesh Kumar Sodhani, Mrs. Priya Sodhani and Rajesh Kumar Sodhani HUF

Parent Organization

IPO Objectives

The net proceeds from this issue will be used for building the content studio and offline training infrastructure, Information technology procurement, content development for course material. The remaining funds will be used for enhancement of brand visibility, awareness and fulfilling general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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