New Delhi, October 7 (Udaipur Kiran): Financial services firm Sodhani Capital made a stellar debut on the stock market today, bringing cheer to its IPO investors. The company’s shares, issued at ₹51 per share, were listed at ₹80 on the BSE SME platform, reflecting a 56.86% premium over the issue price.
Following the strong listing, heavy buying interest pushed the stock to its upper circuit limit of ₹84, giving IPO investors an immediate first-day gain of 64.71%.
The company’s ₹10.71 crore IPO, open for subscription between September 29 and October 1, received an average response, with overall subscription reaching 4.79 times. The Non-Institutional Investors (NII) category was subscribed 5.99 times, while the Retail Investor portion saw 4.85 times subscription.
The IPO comprised 4.10 lakh fresh equity shares with a face value of ₹10 each. Proceeds from the issue will be utilized for purchasing an office in Mumbai, developing a mutual fund application, enhancing IT infrastructure, and for general corporate purposes.
As per the company’s prospectus, Sodhani Capital’s financial performance has strengthened steadily. The firm’s net profit rose from ₹1.20 crore in FY 2022-23 to ₹2.21 crore in FY 2023-24, and stood at ₹2.18 crore in FY 2024-25. Its revenue grew at a compound annual growth rate (CAGR) of over 29%, reaching ₹4.13 crore.
During the same period, the company’s debt declined from ₹7 lakh in FY 2022-23 to ₹5 lakh in FY 2023-24, and remained unchanged in FY 2024-25. Its reserves and surplus stood at ₹2.01 crore in FY 2022-23, increased to ₹3.84 crore in FY 2023-24, and later adjusted to ₹1.16 crore by FY 2024-25.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.