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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.
