Sodhani Capital Launches Rs 10.71 Crore IPO for Mumbai Expansion
Jaipur-based Sodhani Capital opens its IPO to raise Rs 10.71 crore, offering 21 lakh equity shares at Rs 51 each. The IPO includes a fresh issue of 17 lakh shares and an offer for sale of 4.1 lakh shares. Funds will be used for Mumbai office acquisition, brand visibility enhancement, and mutual fund investment application development. The company reported a 10% YoY revenue growth to Rs 4.13 crore in FY25, with a slight decline in profit after tax. The grey market premium stands at 0%, indicating neutral investor sentiment.
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Jaipur-based financial services firm Sodhani Capital has opened its Initial Public Offering (IPO) to raise Rs 10.71 crore, aiming to fund its expansion into Mumbai and enhance its technological capabilities.
IPO Details
The company is offering 21 lakh equity shares priced at Rs 51 each. The IPO comprises:
- A fresh issue of 17 lakh shares, amounting to Rs 8.62 crore
- An offer for sale of 4.1 lakh shares worth Rs 2.09 crore
Company Profile
Sodhani Capital specializes in mutual fund distribution, catering to a diverse clientele including:
- Retail investors
- Small and Medium Enterprises (SMEs)
- High-net-worth individuals across Rajasthan
Financial Performance
Sodhani Capital reported the following financial results:
| Metric | FY25 (Rs Crore) | YoY Change |
|---|---|---|
| Revenue | 4.13 | +10% |
| Profit After Tax | 2.18 | -1.36% |
Despite the revenue growth, the company experienced a marginal decline in profit after tax from Rs 2.21 crore in the previous year.
Utilization of IPO Proceeds
The funds raised through the IPO will be allocated as follows:
- Mumbai Office Acquisition: Rs 5.01 crore
- Brand Visibility Enhancement: Rs 0.93 crore
- Mutual Fund Investment Application Development: Rs 0.15 crore
Market Sentiment
The grey market premium for Sodhani Capital's IPO currently stands at 0%, indicating a neutral investor sentiment ahead of its listing on the BSE SME platform.
As Sodhani Capital embarks on this public offering, investors will be closely watching how the company leverages its expansion plans and technological investments to drive growth in the competitive financial services sector.
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