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  • Success Stories Veteran MFD’s training academy IPO oversubscribed by over 400 times

    Veteran MFD’s training academy IPO oversubscribed by over 400 times

    The issue of Sodhani Academy of Fintech Enablers closed on September 17.
    Team Cafemutual Sep 23, 2024

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    The IPO of veteran MFD Rajesh Sodhani’s Sodhani Academy of Fintech Enablers received tremendous response from investor community.

    The issue was oversubscribed by 410 times, which was listed today on BSE SME with symbol SAFE.

    Through this IPO, the company aimed to raise Rs.6.12 crore by issuing 15.30 lakh shares.

    Rajesh’s company offers investor education to investors and training to distributors and insurance agents

    The company will utilize the money for appointing trainers, developing course materials, increasing brand visibility, setting up a content studio, developing training infrastructure and a website.

    Rajesh told cafemutual that his company booked a net profit of Rs.2 crore every year over the last three years. 

     

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