Sodhani Academy Of Fintech Enablers Ltd, a fintech education provider specializing in financial training and consulting, has launched its Initial Public Offering (IPO), which will be open for subscription from September 12, 2024, to September 17, 2024. The company aims to raise Rs 6.12 crore, presenting an exciting opportunity for investors to invest in the fast-growing fintech education space. In this review, we’ll look into the IPO details, company fundamentals, growth prospects, Grey Market Premium (GMP), and assess whether Sodhani Academy Of Fintech Enablers Ltd IPO is a worthwhile investment.
IPO Details
- Issue Open Date: September 12, 2024
- Issue Close Date: September 17, 2024
- Issue Size: Rs 6.12 Crore
- Price: Rs 40 per equity share
- Market Lot: 3000 equity shares
- Minimum Order Quantity: 3000 equity shares
- Listing On: BSE SME
Company Overview
Founded in 2009, Sodhani Academy Of Fintech Enablers Ltd focuses on providing specialized financial training, consulting, and learning services, with a particular emphasis on fintech education.
Financial Performance
| Particulars |
FY2022 |
FY2023 |
FY2024 |
| Revenue |
2.43 Cr |
4.51 Cr |
6.81 Cr |
| Net Profit |
0.43 Cr |
1.02 Cr |
1.83 Cr |
| EPS |
1.72 |
4.08 |
7.33 |
| Return on Net Worth (%) |
12.51 |
21.09 |
30.69 |
Sodhani Academy has shown substantial growth, with revenue nearly tripling from FY2022 to FY2024. Their Net Profit and EPS also exhibit strong upward trends, reflecting increased profitability.
Objects of the Issue
1. Working Capital
2. Capital Expenditure
3. Debt Repayment
4. Brand Visibility
Day 2 Subscription Details
| Category |
Subscription (Times) |
| QIB |
0.21 |
| NII |
1.23 |
| Retail |
16.32 |
| Employee |
0.45 |
| Total |
9.90 |
The Retail category saw a substantial oversubscription, indicating high interest among individual investors.
Grey Market Premium (GMP) for Sodhani Academy Of Fintech Enablers Ltd IPO
As of the latest reports, the Grey Market Premium (GMP) for Sodhani Academy Of Fintech Enablers Ltd IPO stands at Rs 10 per share. This reflects a positive sentiment in the grey market, suggesting a potential upside in the listing price. However, investors should note that GMP is speculative and should not be the sole factor in making investment decisions.
Strengths
1. Specialized Fintech Training: Sodhani offers a unique focus on fintech training, a growing niche in India.
2. Experienced Faculty: Their courses are delivered by highly experienced faculty with strong industry connections.
3. Strong Partnerships: Industry ties enhance the academy’s credibility and job placement rates for students.
Risk Factors
1. Intense Competition: The education and fintech training sectors are becoming more competitive.
2. Dependence on the Fintech Industry: Any downturn or regulatory changes affecting fintech could impact the academy’s growth.
3. Economic Factors: A slowdown in the economy may reduce demand for educational services.
Industry Outlook
The Indian fintech market is projected to grow at a CAGR of 20-25%, creating vast opportunities for training and education in this field. Sodhani Academy is well-positioned to capitalize on this growth.
Review and Recommendation
With a rating of 4/5 (ICRA) and a recommendation to "Subscribe" from Geojit Financial Services, Sodhani Academy’s IPO presents a promising opportunity, especially for retail investors interested in the growing fintech education sector. However, potential investors should also consider the company’s dependence on the fintech industry and competition in the education sector.
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