Sodhani Capital
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 07 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹51 | ₹0 |
| 06 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹51 | ₹0 |
| 05 Oct 2025 | ₹0 | 0.00% | ₹0 | ₹51 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 29 Sept 2025 – 01 Oct 2025
- Listing date
- 07 Oct 2025
- Face value
- ₹1 per share
- Issue price
- ₹51 per share
- Lot size
- 2,000 shares
- Issue type
- Fixed Price issue
- Listing at
- BSE
- Total issue size
- ₹10.71 Cr
- Market cap at offer price
- ₹40.52 Cr
- Promoter holding
- 100.00% → 73.57% pre-issue → post-issue
- ISIN
- INE0QU501030
- Registrar
- NSDL Database Management Ltd.
- Lead managers
- Bonanza Portfolio Ltd.
- Registered office
- 1 st floor C-373, C Block, Vaishali Nagar, Rajasthan
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 1,06,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹51
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,02,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,04,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,18,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,20,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹51 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.49 | 2.75 |
| P/E (×) | 14.61 | 18.55 |
| Price to book (×) | 2.71 | — |
| Market cap | — | ₹40.52 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 29.45%
- ROCE
- 40.47%
- Debt / equity
- 0.07
- PAT margin
- 53.26%
- EBITDA margin
- 74.41%
- NAV per share
- ₹11.86
- Price to book
- 2.71
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Sodhani Capital
Sodhani Capital Limited was incorporated on March 12, 2019 as 'Sodhani Capital Private Limited' and converted to public limited status on August 22, 2023. Based in Jaipur, Rajasthan, the company is an AMFI-registered mutual fund distributor serving retail investors, high-net-worth individuals, and corporate clients. In 2021, the company acquired the mutual fund distribution business (ARN transfer) of founder Mr. Rajesh Kumar Sodhani, who had operated as an individual MFD since 2006. The company achieved significant growth with Assets Under Management expanding from ₹300 crore in 2022 to over ₹500 crore (₹480 crore as of March 27, 2025), while the client base grew from 5,000 to over 7,000. The company's success is built on consistent investment in operational infrastructure, strong focus on client education through awareness seminars, and capable human talent. The company maintains both physical presence and digital offerings, providing services including equity funds, debt funds, hybrid funds, ELSS funds, and specialized Systematic Investment Plans (SIPs).
Company Analysis
from DRHPSodhani Capital Limited is a mutual fund distributor providing comprehensive financial product distribution services spanning multiple investor segments across India.
Sodhani Capital Limited was incorporated on March 12, 2019 as 'Sodhani Capital Private Limited' and converted to public limited status on August 22, 2023. Based in Jaipur, Rajasthan, the company is an AMFI-registered mutual fund distributor serving retail investors, high-net-worth individuals, and corporate clients. In 2021, the company acquired the mutual fund distribution business (ARN transfer) of founder Mr. Rajesh Kumar Sodhani, who had operated as an individual MFD since 2006. The company achieved significant growth with Assets Under Management expanding from ₹300 crore in 2022 to over ₹500 crore (₹480 crore as of March 27, 2025), while the client base grew from 5,000 to over 7,000. The company's success is built on consistent investment in operational infrastructure, strong focus on client education through awareness seminars, and capable human talent. The company maintains both physical presence and digital offerings, providing services including equity funds, debt funds, hybrid funds, ELSS funds, and specialized Systematic Investment Plans (SIPs).
Objects of the Issue
- Acquisition of an Office premises at Mumbai, Maharashtra ₹580.00 lakhs p.71
- Funding expenditure towards enhancement of our brand visibility ₹92.64 lakhs p.72
- Development of Mutual Fund Investment Application ₹15.00 lakhs p.72
- Meeting expenditure for acquiring Information Technology (Hardware including Software) infrastructure for new office premises and existing office premises ₹9.15 lakhs p.74
- Issue Expenses [●] p.75
- General Corporate Purpose [●] p.70
Issue Structure
- Total Issue
- Up to 21,00,000 Equity Shares aggregating up to ₹ [●] lakhs
- Fresh Issue
- Up to 16,90,000 Equity Shares aggregating up to ₹ [●] lakhs
- Offer for Sale
- Up to 4,10,000 Equity Shares by Rajesh Kumar Sodhani (up to 3,00,000 shares) and Priya Sodhani (up to 1,10,000 shares) aggregating up to ₹ [●] lakhs
- Price Band
- [●]
- Lot Size
- [●]
- Face Value
- ₹10 per Equity Share
Business Model
Sodhani Capital Limited operates on a commission-based revenue model, earning commissions from Asset Management Companies (AMCs) based on assets under management (AUM) and business volume generated. The company distributes mutual fund products on a non-exclusive basis, generating both upfront and trail commission income. The business model is built on three core pillars: customer-centricity, technological advancement, and robust governance. The operational architecture integrates business development, sales and marketing through an omnichannel strategy, and process management ensuring efficient service delivery.
Business Segments
SWOT Analysis
- • Established ARN and trust with clients since 2006(p.97)
- • Strong AUM growth trajectory(p.97)
- • Proven operational infrastructure and governance(p.97)
- • Strong profitability metrics(p.104)
- • Differentiated service model with regional focus(p.98)
- • Lease dependence for registered office(p.24)
- • Complete dependence on mutual fund commission revenue(p.23)
- • Outstanding litigation including TDS issues(p.20)
- • No separate insurance for office premises(p.31)
- • Limited geographic presence(p.104)
- • Expansion into Tier II and Tier III cities(p.98)
- • SIP growth and financial inclusion initiatives(p.98)
- • Digital platform enhancement and technology integration(p.98)
- • Growing ESG and passive funds market(p.94)
- • Expansion into wealth management and advisory services(p.109)
- • Regulatory changes to commission structure(p.29)
- • Intense competition from fintech and digital platforms(p.30)
- • Market volatility and mutual fund performance risk(p.28)
- • Macro-economic slowdown impact(p.31)
- • Regulatory compliance and frequent policy changes(p.27)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Rajesh Kumar Sodhani | Promoter | 33,07,486 shares (52.88%) | [●] |
| Priya Sodhani | Promoter | 20,63,250 shares (32.99%) | [●] |
| Ritika Sodhani | Promoter | 4,42,125 shares (7.07%) | 4,42,125 shares (5.57%) |
| Aastha Sodhani | Promoter | 4,42,125 shares (7.06%) | 4,42,125 shares (5.57%) |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.