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SA

Sodhani Academy of IPO

Listed SME BSE SME · E-Learning

Price Band

₹

Issue Size

₹6.12 Cr

Lot Size

3,000 shares

Min Investment

₹120,000

GMP

Grey Market Premium — the unofficial premium buyers are currently willing to pay over the issue price once this IPO lists. It's an informal market estimate, not guaranteed, and can move daily right up to listing day. Learn more: GMP vs Kostak vs Sauda →

+₹12.0 (30.0%)

Issue Price

₹40.0

Subject to Sauda

A separate grey-market deal made before allotment is known: a buyer agrees to pay you this amount for your IPO application — but only if you actually get allotted shares. No allotment means no payment either way. This is different from "Kostak," a similarly-named rate that's paid regardless of whether the application gets allotted — TopFund shows the Sauda rate because that's what our data source provides. Learn more: GMP vs Kostak vs Sauda →

₹27400

Paid only if allotted

Sodhani Academy of IPO AI Summary

  • Sodhani Academy of IPO is listed on BSE SME in the E-Learning sector.
  • Subscription window: 12 Sep–17 Sep 2024, listing on 23 Sep 2024.
  • Current GMP is +₹12.0 (30.0%) — unofficial and can change daily.

Sodhani Academy of Fintech Enablers Limited is an E-Learning company focused on financial education and training. With a strong track record and diverse offerings, the company is set to raise funds through its IPO to enhance its infrastructure and brand visibility. Investors should consider their risk profile and the potential for volatility when evaluating this opportunity.

TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.

Sodhani Academy of IPO — Third-Party Research Views

Reviews below reflect analyst calls made before this IPO closed on 17 Sep 2024 — not a current signal.

Avoid 25 Jul

Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.

Important Dates

IPO Open Date
Thu, 12 Sep 2024
IPO Close Date
Tue, 17 Sep 2024
Allotment Date
Wed, 18 Sep 2024
Refund Initiation
Thu, 19 Sep 2024
Credit of Shares
Thu, 19 Sep 2024
Listing Date
Mon, 23 Sep 2024
Listing Price
₹52.0 +30.0%

Subscription Status

Subscription data unavailable

Sodhani Academy of IPO Grey Market Premium (GMP) Today

GMP

+₹12.0

GMP %

+30.0%

Est. Listing

₹52.0

Updated: 25 Jul 2026 14:04

About the Company

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.

Company Financials (₹ Cr)

As of 2024-03-31

Period Ended 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 6.60 5.02 3.63
Total Income 3.07 2.03 1.88
Profit After Tax 1.83 1.39 1.24
NET Worth 6.56 4.77 3.38
Reserves and Surplus 1.84 3.42 3.11
Total Borrowing 0.03 0.04

Key Ratios

EPS

₹3.88

NAV

₹13.89

ROE

27.91%

ROCE

36.77%

RoNW

27.91%

P/E Ratio

10.32

Market Cap

₹22.78 Cr

PAT Margin

89.00%

Promoters

Rajesh Kumar Sodhani, Priya Sodhani and Rajesh Kumar Sodhani (HUF)

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Building content studio and offline training infrastructure 0.80 2 Information Technology (Hardware including Software) Procurement 0.60 3 Content Development for course material 0.50 4 Enhancement of brand visibility and awareness 0.35 5 Learning Management System (LMS) Application development 0.10 6 General Corporate Purpose 0.75

IPO Evaluation

Generated 23 Sep 2026

Revenue Trend

Revenue was ₹1.88 Cr in the year ending 31 Mar 2022, rising to ₹2.03 Cr by 31 Mar 2023, and further increasing to ₹3.07 Cr by 31 Mar 2024.

Profit Trend

Profit After Tax was ₹1.24 Cr for the year ending 31 Mar 2022, increasing to ₹1.39 Cr by 31 Mar 2023, and reaching ₹1.83 Cr by 31 Mar 2024.

Grey Market Premium, Explained

The Grey Market Premium (GMP) refers to the price at which an IPO is expected to list on the stock exchange, based on unofficial trading before the actual listing. A positive GMP indicates that the IPO is likely to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as a gauge of market sentiment towards the IPO.

Who This IPO Suits

Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is important to consider the company's fundamentals, market conditions, and personal financial situation before making any investment decisions.

Who May Want to Wait

Investors who are risk-averse or those who prefer stable and predictable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.

IPO Timeline, Explained

The IPO process involves several key dates: the opening date for subscription is 12 September 2024, closing on 17 September 2024. Allotment of shares is expected on 18 September 2024, with the listing date set for 23 September 2024.

Listing Gains — The Risk

Listing day gains can be unpredictable and are influenced by various factors including market conditions, investor sentiment, and overall demand for the stock. While some IPOs may experience significant gains on their first day of trading, others may decline. Investors should be prepared for the possibility of volatility and should not base their investment decisions solely on anticipated listing gains.

This evaluation is generated from Sodhani Academy of's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.

Frequently Asked Questions

What is Sodhani Academy of IPO GMP today?

Sodhani Academy of IPO GMP today is +₹12.0 (30.0%). GMP is an unofficial grey-market indicator and can change daily.

When does Sodhani Academy of IPO open and close?

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

When does Sodhani Academy of IPO list on the stock exchange?

Sodhani Academy of IPO listed on 23 September 2024 at ₹52.0.

What is the lot size for Sodhani Academy of IPO?

The lot size for Sodhani Academy of IPO is 3000 shares, requiring a minimum investment of ₹120,000.

What is the issue price of the IPO?

The issue price of the IPO is ₹40.0.

What is the minimum investment required?

The minimum investment required is ₹120,000.

What is the lot size for the IPO?

The lot size for the IPO is 3000 shares.

When is the listing date?

The listing date is 23 September 2024.

What does GMP mean?

GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.

Issue Details

Issue Type SME Book Built
Issue Size ₹6.12 Cr
Price Band ₹ (Fixed)
Issue Price ₹40.0
Lot Size 3,000 shares
Min Investment ₹120,000
Exchange BSE SME
Sector E-Learning
Open Date 12 Sep 2024
Close Date 17 Sep 2024
Allotment 18 Sep 2024
Listing Date 23 Sep 2024

Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

Cameo Corporate Services Ltd.

Lead Managers / Book Running

Srujan Alpha Capital Advisors LLP

IPO Timeline

Open

12 Sep 2024

Close

17 Sep 2024

Allotment

18 Sep 2024

Listing

23 Sep 2024

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