Sodhani Academy of Fintech Enablers IPO: Subscription Status and GMP Update
Sodhani Academy IPO: Subscription Status
The Sodhani Academy of Fintech Enablers IPO has been subscribed 9.90 times. As per the BSE data, the public issue received 16.32 times subscriptions in the retail category, Nil in the QIB category, and 3.48 times in the NII category by 5 PM.
Sodhani Academy IPO: Key Details
Subscriptions for the Sodhani Academy IPO opened on September 12, 2024, and will close on September 17, 2024. The allocation for this IPO is expected to be finalized on September 18, 2024, with the proposed listing date on BSE SME set for September 20, 2024. The IPO price is set at ₹40 per share, requiring a minimum lot size of 3000 shares. Retail investors must invest at least ₹120,000, while HNI investments need a minimum of ₹240,000.
Sodhani Academy IPO: Objectives of the Issue
The Sodhani Academy IPO aims to raise ₹6.12 crores. This includes 5.6 lakh shares in the offer for sale worth ₹2.24 crores, and 9.7 lakh shares in the fresh issue totaling ₹3.88 crores. The funds will be utilized for developing course materials, enhancing brand visibility, and general corporate purposes.
Sodhani Academy IPO: GMP Insights
As per Investorgain.com, the IPO GMP for Sodhani Academy of Fintech Enablers stands at +10, indicating that shares are selling for ₹10 over the issue price in the grey market. Therefore, the anticipated listing price could be ₹50, which represents a 25% premium from the IPO price.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.