Sodhani Academy of Fintech Enablers Limited (BSE SME)
September 12, 2024 – September 17, 2024
| Price | ₹40 - ₹40 |
| Premium | ₹12 |
|---|---|
| Lot size | 3000 |
| Allotment | Sep 19, 2024 |
| Listing | Sep 23, 2024 |
P No. C 373, First Floor,
C Block Vaishali Nagar,
Jaipur - 302021
Phone: 0141- 2358107
Email: safe.fintech3105@gmail.com
Website: http://www.safefintech.in/
Last updated on 17-Sep-2024 17:13:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 726000 | 376848000 | 519.07 |
| Retail | 726000 | 260250000 | 358.47 |
| Total | 1452000 | 631563000 | 434.96 |
| Total Applications: 139934 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹27.87 | @8% ₹31.86 | @9% ₹35.84 | @10% ₹39.82 | @11% ₹43.8 | @12% ₹47.78 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 120000 | 242 |
| HNI | 2 | 6000 | 240000 | 242 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 726000 |
| Other | 47.5% | 726000 |
| Market Maker | 5.10% | 78000 |
| Total No. of Shares | 100.0% | 1530000 |
Sodhani Academy of Fintech Enablers IPO Details
| Issue Size | 1,530,000 shares (aggregating up to ₹6.12 Cr) |
| Fresh Issue | 970,000 shares (aggregating up to ₹3.88 Cr) |
| Offer for Sale | 560,000 shares of ₹10 (aggregating up to ₹2.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,725,000 |
| Share holding post issue | 5,695,000 |
| Market Maker portion | 78,000 shares Prabhat Financial Services |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 36.77% | 36.79% | 51.27% |
| RONW | 27.91% | 29.23% | 36.63% |
| EPS (basic) | 3.88 | 2.95 | 10.42 |
| P/E Pre IPO | 10.32 | ||
| P/E Post IPO | 12.44 |
Company Financials
Sodhani Academy of Fintech Enablers Limited Financial Information (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 660.04 | 501.57 | 363.2 |
| Revenue | 306.95 | 203.45 | 188.19 |
| Profit After Tax | 183.17 | 138.6 | 123.91 |
| Net Worth | 656.22 | 476.85 | 338.25 |
| Reserves and Surplus | 183.72 | 341.85 | 311.25 |
| Total Borrowing | 2.65 | 4.1 | |
| Amount in Lakhs | |||
About Company
Sodhani Academy of Fintech Enablers Limited, founded in 2009, specializes in providing financial education, training, consulting, and learning services to a wide range of learners, including students, recent graduates, unemployed individuals, and homemakers. The company emphasizes financial literacy, enabling participants to make informed financial decisions through its diverse course offerings, which range from short-term to expert-level and retraining programs.The company prioritizes practice-oriented learning, ensuring that participants gain practical skills for achieving financial freedom. Notably, its business model has successfully transitioned from offline to online, proving resilient during the COVID-19 pandemic. As of December 30, 2023, the company employed 12 full-time employees and 2 professional trainers.
Strength
Proven Track Record of Trainers: Experienced trainers with a successful history in financial education and literacy.
Strong Brand Image: Recognized reputation for delivering quality financial education solutions.
Technology-Driven, Asset-Light, and Scalable Model: Uses cutting-edge technology to offer flexible, scalable learning solutions with minimal physical assets.
Weakness
Revenue Dependency: A significant portion of revenue depends on attracting learners, and failure to do so could impact business performance.
Trainer Reliance: The company is highly dependent on its 8 full-time trainers; attrition or difficulty in recruiting new trainers could disrupt operations.
Reputation and Service Quality: Maintaining a strong reputation and high service quality is crucial to attracting new learners; any decline could adversely affect business prospects.