The issue will close on October 1, with allotment expected on October 3 and listing on October 7 at the BSE SME platform. Investors can apply in lots of 2,000 shares, with a minimum retail investment of Rs 2.04 lakh. The grey market premium (GMP) is currently flat at 0%, reflecting muted sentiment ahead of the debut.
Company profile
Jaipur-based Sodhani Capital is a financial services firm specializing in the distribution of mutual funds and related financial products.The company caters to retail investors, SMEs, and high-net-worth individuals (HNIs), offering equity, debt, hybrid, and ELSS funds, along with SIP-based products to encourage disciplined savings.
Sodhani Capital has built a strong regional presence in Rajasthan, leveraging seminars, consultations, webinars, and partnerships with leading asset management companies (AMCs).
Its business model blends physical reach in Tier-II and Tier-III cities with digital platforms to connect with a diverse client base.
Its revenue rose 10% in FY25 to Rs 4.13 crore from Rs 3.75 crore in FY24. However, profit after tax dipped slightly to Rs 2.18 crore from Rs 2.21 crore.
Objects of the IPO
The IPO proceeds will be used to acquire office premises in Mumbai (Rs 5.01 crore), enhance brand visibility (Rs 0.93 crore), and develop a mutual fund investment application (Rs 0.15 crore). Additional allocations include IT infrastructure upgrades, interior work for the new office, and general corporate purposes.
Outlook
Sodhani Capital’s strength lies in its niche presence in mutual fund distribution, strong profitability, and lean balance sheet with negligible debt. However, limited scale, regional concentration, and modest revenue growth could weigh on investor appetite.
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