Initial public offering of up to 15,30,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Sodhani Academy of Fintech Enablers Limited ("Sodhani" "Safel" or "The Company" or "The Issuer") for cash at a price of Rs. 40 per equity share (including a premium of Rs. 30 per equity share) ("Offer Price") aggregating up to Rs. 6.12 crores comprising of fresh offer of up to 9,70,000 equity shares aggregating to Rs. 3.88 crores ("Fresh Offer") and an offer for sale of up to 5,60,000 equity shares by Rajesh Kumar Sodhani and Priya Sodhani ("Promoters Selling Shareholders") aggregating to Rs. 2.24 crores ("Offer for Sale") ("The Offer") of which up to 78,000 equity shares aggregating to Rs. 0.31 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of up to 14,52,000 equity shares of face value of Rs. 10/- each at an offer price of Rs. 40 per equity share aggregating to Rs. 5.81 crores ("Net Offer"). The offer and the net offer will constitute 26.87% and 25.50% of the post-offer paid-up equity share capital of the company.
The face value of the equity shares is Rs. 10/-each and the offer price is 4.0 times of the face value.