Sodhani Academy IPO allotment status: Steps to check online on BSE, Cameo Corporate Services

Sodhani Academy of Fintech Enablers Limited IPO share allotment status is scheduled to be finalised on Wednesday, September 18. The BSE SME issue saw a huge demand during its subscription period from September 12 to September 17.

The ₹6.12-crore IPO was booked 438.77 times as investors applied for 63.7 crore shares against the 14.52 lakh shares on offer.

The Non-Institutional Investors (NIIs) booked their category 511.45 times. The retail portion of the IPO was subscribed 358.47 times.

Following the successful subscription, investors are now looking forward to Sodhani Academy IPO share allotment status.

Steps to check Sodhani Academy IPO allotment status on BSE

• Go to the IPO allotment status section on the BSE website: https://www.bseindia.com/investors/appli_check.aspx
• Select ‘equity’ as the issue type.
• Select Sodhani Academy of Fintech Enablers Limited from the dropdown menu for issue names.
• Enter your IPO application number or PA
• Click on the ‘I am not a Robot’ checkbox
• Click on the ‘submit’ button

The share allotment details will be shown with the total number of shares allocated to the applicant. However, the details will only appear on screen, after the company finalises the share allocation.

Steps to check Sodhani Academy IPO allotment status on Cameo Corporate Services

• Go to the IPO allotment status page on Cameo Corporate Services website: https://ipo.cameoindia.com/
• Choose Sodhani Academy of Fintech Enablers Limited from the drop down menu for company names
• Choose any of these— Application number/ PAN/ DP ID or Client ID
• Enter details
• Enter the Capta
• Click on Submit to view details

Sodhani Academy IPO details

Sodhani Academy of Fintech Enablers launched its IPO on September 12 to raise ₹6.12 crore from public investors. The IPO was a combination of 9.7 lakh shares worth ₹3.88 crore and an offer-for-sale (OFS) of 5.6 lakh shares, aggregating to ₹2.24 crore.

Sodhani Academy IPO price band was fixed at ₹40 per share. The minimum lot size for the retail investors was 3,000 shares, which means that a retail investor had to invest a minimum of ₹1,20,000 to apply for the IPO.

Cameo Corporate Services Limited was the registrar for the IPO, while Srujan Alpha Capital Advisors LLP was the book running lead manager. Prabhat Financial Services was the market maker for Sodhani Academy IPO.

The IPO listing date has been tentatively fixed as September 20. Shares of Sodhani Academy of Fintech Enablers Limited will be listed on the NSE SME platform.

Sodhani Academy IPO objectives

The company plans to utilise the funds from the IPO to build a content studio and offline training centre. It will also procure IT hardware and software and develop content for its course material using a portion of the IPO proceeds.

Sodhani Academy of Fintech Enablers will also use the proceeds to enhance its brand visibility and awareness and develop its Learning Management System (LMS) Application. A portion of the funds will be used for general corporate purposes.

About Sodhani Academy of Fintech Enablers

Sodhani Academy of Fintech Enablers provides financial training, consulting and learning services. Founded in 2009, it works in the financial literacy and awareness space. The company provides training and consultancy services in financial planning, fundamental analysis, technical analysis, basics of stock market and retirement planning.