Schedule of Sodhani Academy of Fintech Enablers
| Issue open date | 12 Sep 2024 |
| Issue close date | 17 Sep 2024 |
| UPI mandate deadline | 17 Sep 2024 (5 PM) |
| Allotment finalization | 18 Sep 2024 |
| Refund initiation | 19 Sep 2024 |
| Share credit | 19 Sep 2024 |
| Listing date | 20 Sep 2024 |
| Mandate end date | 02 Oct 2024 |
| Lock-in end date for anchor investors (50%) | 18 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 17 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sodhani Academy of Fintech Enablers
Incorporated in 2009, Sodhani Academy of Fintech Enablers is engaged in the business of providing training, consultancy, and learning services in the domain of financial literacy and awareness. The company’s business model-course delivery methodology can be broadly classified under the following categories: 1. Online Live Sessions: This mode of learning involves live sessions providing accessibility to self-paced learning. The learners can access comprehensive study material. 2. Mobile application and Lectures on the website (www.safefintech.in): The company is also planning to develop a mobile application to enable the delivery of courses on financial literacy and awareness. 3. Themed sessions and seminars: It conducts themed sessions and seminars to create financial literacy and investment planning among participants willing to gain knowledge in these fields. The sessions and seminars are conducted by subject trainers having expertise in the respective domains.
Financials of Sodhani Academy of Fintech Enablers
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹6.12 crores |
| Fresh Issue | ₹3.88 crores |
| Offer for sale | ₹2.24 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Building content studio and offline training infrastructure | 0.40 (10.31%) |
| Payment of fees to guest trainers | 0.80 (20.62%) |
| Content development for course material | 0.50 (12.89%) |
| Enhancement of brand visibility and awareness | 0.45 (11.60%) |
| IT related expenses | 0.97 (25%) |
| General corporate purposes | 0.56 (14.44%) |
| Others |
Strengths
- The company provides a wide range of financial literacy learning solutions through its courses including short-term courses, long-term courses, expert courses, upskilling, and reskilling courses.
- The company provides its services at affordable prices which gives it a competitive edge.
- The company’s business model is a technology-driven, asset-light, and scalable business model as it leverages on growing technologies. The courses may also be used as an independent learning through the Internet, which offers greater flexibility and convenience to learners, who can access the content anywhere and at any time of the day.
- The company’s trainers have a proven track record in the field of financial literacy and awareness, making them highly effective. With extensive knowledge and experience in their respective domain, they effectively deliver the expected standards.
Risks
- In the past, The company’s total revenues had a substantial contribution from other income like interest income, dividend income, profit/loss on sale of investment of properties.
- Strong competition in the business of providing financial literacy courses could also decrease the company’s market share and compel them to reduce course fees or provide higher discounts on its course fees. This may have a material adverse impact on the revenues and profitability.
- The company has experienced negative cash flows in the past.
- Any failure to attract potential learners to the courses due to factors, including but not limited to an unsatisfactory success ratio, may adversely affect the revenues, business, results of operations, and prospects.