Sodhani Capital IPO

About Sodhani Capital IPO

The IPO of Sodhani Capital Ltd comprises a fresh issue and an offer for sale. The fresh issue is up to 16,90,000 equity shares aggregating up to ₹8.6190 crores while the offer for sale is up to 4,10,000 equity shares aggregating up to ₹2.0910 crores. The total offer size is pegged at ₹10.71 crores. It’s a 100% fixed price issue. The price band is ₹51 per share. The IPO opens on September 29, 2025 and closes on October 1, 2025.

The listing date is on or before October 7, 2025 and the allotment date is on or before October 3, 2025. The credit of shares to the Demat account will take place on or before October 6, 2025, while the initiation of refund will take place on or before October 6, 2025.

Sodhani Capital Limited was established in 2019 in Jaipur. In the year 2021, it acquired the mutual fund distribution business (ARN transfer) of Mr. Rajesh Kumar Sodhani who has been carrying out the said business as an individual mutual fund distributor since the year 2006.

Objectives of Sodhani Capital IPO

The company proposes to utilise the IPO proceeds for:

• Acquisition of office premises at Mumbai
  
• Interior work for the proposed office premises
  
• Funding expenditure towards enhancement of brand visibility
  
• Development of mutual fund investment application
  
• Meeting expenditure for acquiring IT (hardware including software) infrastructure for new office premises and existing office premises
  
• For meeting the issue expenses
  
• General corporate purpose
  

Industry Outlook

The global mutual fund assets market size was estimated at USD 627.18 billion in 2024 and is predicted to increase from USD 670.64 billion in 2025 to approximately USD 1,217.35 billion by 2034, expanding at a CAGR of 6.86% from 2025 to 2034. This growth is driven by technological advancements, demographic shifts, rising disposable incomes in emerging economies, and an increasing focus on diversified and sustainable investment strategies.

The Indian mutual fund (MF) industry represents a vital component of the country's financial infrastructure, demonstrating remarkable resilience and growth amid market dynamics. As of June–July 2025, the total assets under management (AUM) of the Indian mutual fund industry stood at approximately ₹74.40 lakh crores.

Company Information

Sodhani Capital Ltd was established in 2019 in Jaipur. In the year 2021, the company acquired the mutual fund distribution business (ARN transfer) of Mr. Rajesh Kumar Sodhani who has been carrying out the said business as an individual mutual fund distributor since the year 2006.

In the year 2021, the company took over the AUM of Mr. Rajesh Kumar Sodhani and thereafter grew the business to reach the present AUM of over ₹480 crore. Its promoter, Mr. Rajesh Kumar Sodhani has been providing his guidance and mentorship to the company and management, since the transfer of his individual ARN (MFD business) that has helped it to further grow in faster speed and maintain the trust with its clients.

Strengths of Sodhani Capital IPO

• Relationship with asset management companies
• Strong relationship with clients resulting from service efficiency
• Technology and integration expertise
• Team to support business growth
• Experienced and qualified management team

Risks of Sodhani Capital IPO

• Failure to attract potential customers may adversely affect revenues
  
• Subject to periodic inspections and any adverse action taken could affect business and operations
  
• Failure to scale up distribution business revenue and successfully cross-sell products could adversely affect results of operations and growth prospects
  
• Termination or non-renewal of the leases could adversely affect business and revenues
  
• The competitive landscape of the mutual fund distribution sector presents significant challenges for business
  

Anchor Investor Bidding Date

The anchor investor bidding date is Sep 26, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: NSDL Database Management Ltd
• Book Running Lead Manager: Bonanza Portfolio Ltd

Business Model

Sodhani Capital Ltd provides service of financial products distribution to help its clients achieve their financial goals. The company's core business focuses on mutual fund distribution, serving retail investors, high-net-worth individuals (HNIs). The service offering encompasses a diverse range of mutual funds, including equity funds for long-term growth, debt funds for stability, hybrid funds for balanced returns, and ELSS for tax savings under Section 80C.

A key offering is the systematic investment plan (SIP), designed to promote disciplined savings and generational wealth building through regular, structured investments.

Company Growth Trajectory

Sodhani Capital Limited has evolved from a small mutual fund distributor at its inception to a sizable distributor of financial products. The company's growth trajectory is evidenced by its impressive metrics: AUM growth up to ₹500 crore and client base expansion from 4,000 to 7,000 between 2022-2025. The company’s EBITDA margin grew from 69.06% in FY 23 to 74.41% in FY 25, while net profit margin increased from 49.60% in FY 23 to 53.26% in FY 25.

Market Position

Headquartered in Jaipur, Sodhani Capital Ltd has built a market presence in Jaipur and surrounding areas through its core business of distribution of financial products. The company has achieved strategic growth through geographic expansion into other Tier-II and Tier-III cities, following the company's transition to public limited status in 2023.

How to Check Allotment Status of Sodhani Capital Ltd IPO?

1. Visit the Registrar’s Website

• Visit the official website of NSDL Database Management Ltd
  
• Go to ‘Registrar & Transfer Agents’ and click on ‘IPO Allotment Status’
  
• Choose the IPO from dropdown
  
• Enter either your application number, demat account number or PAN number
  
• Enter captcha and click on ‘Submit’ to know the status
  

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
  
• Select the Issue Name from dropdown
  
• Put in either your application number or PAN number
  
• Check the box ‘I’m not a robot’
  
• Click on ‘Search’ to know allotment status
  

How to Apply for Sodhani Capital Ltd IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.