Sodhani Capital's IPO shares were issued at ₹51 and made a stellar entry on BSE SME at ₹80, delivering a 56.86% listing gain. The share price surged to its upper circuit limit of ₹84. The company plans to utilize the funds raised through the IPO for its Mumbai office, marketing, app development, and IT infrastructure.
Sodhani Capital IPO Listing: The IPO shares of financial services firm Sodhani Capital were issued at a price of ₹51 and were listed on BSE SME at ₹80. This resulted in a 56.86% gain for investors, with the shares reaching their upper circuit limit of ₹84. The IPO was for ₹10.71 crore and witnessed an oversubscription of 4.79 times. The funds raised through the fresh issue of shares will be utilized for the Mumbai office, marketing, mutual fund app development, and IT infrastructure.
Attractive Response to the IPO
Sodhani Capital's IPO was open from September 29 to October 1. During this period, investors subscribed to it with tremendous enthusiasm. The IPO received a total subscription of 4.79 times. The portion reserved for Non-Institutional Investors (NII) was subscribed 5.99 times, and the portion reserved for retail investors was subscribed 4.85 times. Overall, the ₹10.71 crore IPO was successfully subscribed in both its fresh issue and Offer for Sale (OFS) segments.
New shares were issued at a price of ₹51.00 under the IPO. Today, its share opened at ₹80.00 on BSE SME, giving investors a 56.86% listing gain. Subsequently, the share climbed further to hit the upper circuit limit of ₹84.00, meaning investors are now profiting by approximately 64.71%.
Utilization of Funds Raised
Out of the ₹8.62 crore raised through the fresh issue of shares, a significant portion will be spent by the company on business expansion and infrastructure. This includes ₹5.01 crore for the purchase of an office in Mumbai, ₹93 lakh for marketing, ₹15 lakh for the development of a mutual fund app, and ₹9 lakh for IT infrastructure. Additionally, ₹58 lakh will be allocated for the interior design of the new office, and the remaining funds will be kept for general corporate purposes. The money received from selling ₹4.10 lakh shares under the OFS window went to the selling shareholders.
Sodhani Capital Company Profile
Sodhani Capital was established in 1992. This financial services firm primarily focuses on mutual funds. It has a b presence in Jaipur, Rajasthan, and regularly conducts seminars and consultations.
The company has maintained a b financial position. In FY2023, the company's net profit was ₹1.20 crore, which increased to ₹2.21 crore in FY2024 and reached ₹2.18 crore in FY2025. During the same period, total income grew at a Compound Annual Growth Rate (CAGR) of over 29% annually, reaching ₹4.13 crore.
Debt and Reserves
The company also has very low debt. At the end of FY2023, debt was ₹7 lakh, which remained stable at ₹5 lakh in FY2024 and FY2025. Reserves and surplus showed fluctuations. It was ₹2.01 crore at the end of FY2023, increased to ₹3.84 crore in FY2024, but came down to ₹1.16 crore in FY2025.
Implications for Investors
This listing has made it clear that investor confidence in Sodhani Capital's shares is b. The outstanding response to the IPO and the substantial premium received upon listing indicate that the company's fundamentals are attracting investors.
