Sodhani Academy of Fintech Enablers Limited IPO

Apply 0
Avoid 0

Sodhani Academy of Fintech Enablers Limited is primarily engaged in providing training, consultancy, and learning services, with a specialized focus on financial literacy and awareness. The company’s mission is to empower individuals with the knowledge and skills necessary to make informed and responsible financial decisions. Financial literacy encompasses a broad range of competencies, including effective money management, budgeting, saving, investing, and understanding financial products and services.

The company offers a diverse array of services designed to build a strong foundation in financial literacy. These services are aimed at helping individuals navigate the complexities of the financial world, make sound financial choices, and plan effectively for their future. Key areas of expertise include:

i. Financial Planning: Providing strategic advice and guidance on managing personal finances, with an emphasis on long-term financial health.

ii. Fundamental Analysis: Educating learners on analyzing the financial health and valuation of companies, which is crucial for making informed investment decisions.

iii. Technical Analysis: Offering insights into market trends and price movements, enabling individuals to make short-term investment decisions.

iv. Basics of Stock Market: Introducing learners to the principles of stock market operations, investment strategies, and risk management.

v. Retirement Planning: Helping individuals plan for a secure financial future post-retirement, including pension planning and investment strategies.

Strategic Development and Market Positioning

The decision to enter the training, consultancy, and learning domain was identified around the end of 2020. This strategic pivot was based on recognizing the increasing need for financial literacy in an increasingly complex and digital financial landscape. In 2021, Sodhani Academy laid the groundwork for its new venture by developing comprehensive content, assembling a team of expert trainers, and establishing a robust infrastructure to support service delivery.

Although the year 2021 marked the initial phase of operations, with revenues in a nascent stage, it set the foundation for future growth. The company’s focus on high-quality, impactful financial education positions it as a key player in the financial literacy and fintech enablement sector. As the demand for financial literacy grows, Sodhani Academy of Fintech Enablers Limited is well-positioned to capitalize on this trend, offering valuable services that empower individuals to achieve financial independence and security.

Objects of the Sodhani Academy of Fintech Enablers Limited IPO:

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects: i. Building content Studio and Offline training infrastructure; ii. Information Technology (Hardware including Software) Procurement; iii. Content Development for course material; iv. Enhancement of brand visibility and awareness; v. Learning Management System (LMS) Application development; and vi. General Corporate Purpose. Total number of shares issue :- i. Fresh issue is  970,000 shares, ii. Offer for sale is 560,000 shares.
DRHP of Sodhani Academy of Fintech Enablers Limited IPO
RHP of Sodhani Academy of Fintech Enablers Limited IPO

Sodhani Academy of Fintech Enablers Limited IPO Details:

Open Date: Sep 12 2024
Close Date: Sep 17 2024
Total Shares: 1,530,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 6.12 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 40 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 20 2024

Promoters And Management:

Mrs. Priya Sodhani, aged 46 years, is the Promoter and Chairperson of the company. She holds a Bachelor degree in Arts. She has been one of the promoters and Non -Executive Director of the company since the inception. She has been re-designated as Chairperson with effect from May 30, 2023. She provides guidance to the company in the matters of financial literacy, insurance products and related domains. Mr. Rajesh Sodhani, aged 53 years, is the Promoter and Managing Director of the company. He holds Masters’ degree in Business Administration (Finance) from Mewar University. He also possesses certifications from National Institute of Securities Markets (NISM), namely Research Analyst and Investment Advisor. He has an experience of 32 years in the finance domain in the field of mutual fund, retirement planning, savings, investments and insurance. He is also a Securities Exchange Board of India (SEBI) registered Research Analyst. He is a goal-driven, determined individual who prioritizes results and demonstrates a strong work ethic. His extensive industrial experience and understanding has enabled the company to grow. Mr. Dinesh Saboo aged 40 years, is appointed as a Non-Executive and Non-Independent Director on board of the company. He holds a bachelor’s degree in Commerce from University of Calcutta and obtained Master of Business Administration degree from The ICFAI University. He has a versatile experience in Product Management, Corporate and Investment Banking and Buy-Side. He is a seasoned Training Professional and Speaker on Finance and Global markets. He has worked with prominent players like UBS, HSBC, Moody’s Analytics, ARANCA, OAKNORTH and FINMERAKI.

Financials of Sodhani Academy of Fintech Enablers Limited IPO:

Particulars ( In Lakhs )
2022
2023
2024
Revenue from Operations 186 138 205
Other Income 2 66 102
Total Revenue 188 203 307
Employees Benefit Expenses 2 12 25
Other Expenses 13 16 39
EBITDA 173 175 242
OPM (%) 92.15% 86.24% 78.97%
Depreciation & Amortisation 0 0 1
EBIT 173 175 241
Finance Cost 0.01 0.01 0
PBT 173 175 241
Tax 49 37 58
PAT 124 139 183
NPM (%) 65.84% 68.51% 59.67%
No.of Shares 56.95 56.95 56.95
EPS 2.17 2.44 3.21

Comparison With Peers:

Note :- There are no listed companies in India that are engaged in a business similar to this company

Recommendation on Sodhani Academy of Fintech Enablers Limited IPO:

1. Sodhani Academy of Fintech Enablers Limited is primarily engaged in providing comprehensive training, consultancy, and learning services, with a particular focus on financial literacy and awareness. 2. The company's offerings are designed to equip learners with the knowledge and skills necessary to make informed financial decisions. This includes managing money effectively, budgeting, saving, investing, and understanding basic financial products and services. 3. Financial literacy is crucial in today's complex financial landscape, and Sodhani Academy aims to empower individuals with the tools needed to navigate this environment successfully. 4. The company’s services span several critical areas of financial education, including: i. Financial Planning                               ii. Fundamental Analysis iii. Technical Analysis                            iv. Stock Market Basics v. Retirement Planning 5. Target Audience The company's courses are designed to cater to a diverse group of learners, including: i. Students ii. Learners 6. Competitive Landscape The financial markets and training industry is a rapidly growing and highly competitive sector, both domestically and globally. Sodhani Academy faces competition from a wide range of players, including large, organized companies and smaller, unorganized entities. This includes both local and international firms, as well as individual professionals and trainers. 7. The Revenue has Increased from Rs.2 Crores in FY22 to Rs.3 Crores in FY24. 8. The EBITDA has Increased from 1.7 Crores in FY22 to 2.4 Crores in FY24. 9. The PAT has Increased from 1.2 Crores in FY22 to 1.8 Crores in FY24. 10. As per FY24, CFO/EBITDA is 0.95, and EPS is 3.21, 11. Market Capitalization is 23 Crores and P/E is 12.4x based on FY24.

Lead Manager of Sodhani Academy of Fintech Enablers Limited IPO:

  1. SRUJAN ALPHA CAPITAL ADVISORS LLP

Registrar of Sodhani Academy of Fintech Enablers Limited IPO:

  1. Cameo Corporate Services Limited

Company Address:

Sodhani Academy of Fintech Enablers Limited 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/

Discussion on Sodhani Academy of Fintech Enablers Limited IPO:

Leave a Reply