Sodhani Capital IPO is a fixed-price issue worth ₹10.71 crore. The IPO is a combination of a fresh issue of 0.17 crore equity shares aggregating to ₹8.62 crore and an offer for sale of 0.04 crore equity shares aggregating to ₹2.09 crore. The IPO opens for subscription on September 29, 2025, and closes on October 1, 2025. The allotment is expected to be finalised on October 3, 2025, with tentative listing on the BSE SME platform scheduled for October 7, 2025.
The IPO is priced at ₹51 per share. Retail investors must apply for a minimum of 2 lots comprising 4,000 shares, requiring an investment of ₹2,04,000. HNI investors must apply for a minimum of 3 lots (6,000 shares), amounting to ₹3,06,000.
Bonanza Portfolio Limited is the book-running lead manager to the issue, and NSDL Database Management Limited is the registrar. Aikyam Capital Private Limited is the market maker for the IPO.
For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Sodhani Capital IPO DRHP.
Industry Outlook
- India’s mutual fund distribution industry is undergoing a significant transformation, driven by rising financial literacy, digital innovation, and expanding investor participation. The sector has evolved from a traditional, branch-based model to a technology-led ecosystem, enabling seamless access to investment products across geographies.
- Regulated by the Securities and Exchange Board of India (SEBI), the industry ensures transparency, investor protection, and fair remuneration for distributors. Initiatives such as direct plans, new product categories, and digital KYC have enhanced investor confidence and streamlined operations.
- The distribution network comprises independent financial advisors (IFAs), banks, wealth management firms, and increasingly, online platforms. With commission-based earnings linked to assets under management (AUM), distributors play a pivotal role in connecting investors to suitable fund offerings. As of December 2024, the Indian mutual fund industry had achieved an AUM milestone of ₹68 lakh crore, reflecting strong investor appetite and market resilience.
- Technological integration is reshaping the competitive landscape. Leading players are investing in AI-driven advisory tools, mobile platforms, and automated customer service systems. This digital shift is improving investor engagement, operational efficiency, and market reach.
Sodhani Capital IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Acquire commercial office premises in Mumbai, Maharashtra, to establish a strategic base for operations and expansion. This investment includes the purchase of property to support long-term infrastructure needs and enhance the company’s physical presence in a key financial hub.
- Enhance brand visibility through targeted marketing and public relations initiatives. The company intends to strengthen its market positioning by investing in awareness campaigns, digital outreach, and promotional activities aimed at increasing investor engagement and trust.
- Develop a proprietary mutual fund investment application, enabling clients to access investment services digitally. This initiative supports the company’s commitment to innovation and aims to improve customer experience through seamless, technology-driven solutions.
- Upgrade information technology infrastructure, including hardware and software for both new and existing office locations. This will improve operational efficiency, data security, and service delivery across the organisation.
About Sodhani Capital Limited
Sodhani Capital Limited was originally incorporated as Sodhani Capital Private Limited on October 19, 2024, under the Companies Act, 2013. The company was subsequently converted into a public limited company and renamed Sodhani Capital Limited on August 22, 2023, following the issuance of a fresh certificate of incorporation by the Registrar of Companies, Jaipur, Rajasthan.
The company is engaged in the business of mutual fund distribution and operates as a registered distributor under the Association of Mutual Funds in India (AMFI). Headquartered in Jaipur, Rajasthan, Sodhani Capital has built a strong client base and a growing portfolio of assets under management (AUM), which expanded from ₹300 crore in 2022 to ₹500 crore by 2024.
Sodhani Capital’s growth has been driven by its investment in operational infrastructure, commitment to investor education through awareness seminars, and a skilled team of professionals. The company acquired the mutual fund distribution business of Mr Rajesh Kumar Sodhani in 2021, marking a key milestone in its expansion journey.
The company’s operations are focused on delivering personalised investment solutions, supported by technology and a client-centric approach. Its strategic initiatives include the development of a proprietary investment application and the acquisition of office premises in Mumbai to support national expansion.
How To Check the Allotment Status of the Sodhani Capital IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Sodhani Capital IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Sodhani Capital IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Sodhani Capital IPO
Registered Office: 1st Floor, C-373, C Block, Vaishali Nagar, Jaipur – 302021, Rajasthan, India.
Phone: +91 141 2356659 / 2351659
E-mail: info@sodhanicapital.com
Sodhani Capital IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares Offered |
1,06,000 (5.05%) |
|
NII (HNI) Shares Offered |
9,97,000 (47.48%) |
|
Retail Shares Offered |
9,97,000 (47.48%) |
|
Total Shares Offered |
21,00,000 (100.00%) |
Sodhani Capital IPO Promoter Holding
The promoters of the company are Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
- |
Key Performance Indicators for Sodhani Capital IPO
|
KPI |
Value |
|
ROE |
29.45% |
|
40.47% |
|
|
53.26% |
|
|
74.41% |
Sodhani Capital IPO Prospectus
Sodhani Capital IPO Registrar and Lead Managers
Sodhani Capital IPO Lead Managers
- Bonanza Portfolio Limited
Registrar for Sodhani Capital IPO
NSDL Database Management Limited
- Contact Number: +91 22 4914 2700
- Email Address: nileshb@ndml.in
Sodhani Capital IPO Registrar
Know before investing
Strengths
5Established client base of over 7,000 investors, with assets under management (AUM) growing from ₹300 crore in 2022 to ₹500 crore in 2024.
Strong promoter experience, with the business built on the foundation of a successful mutual fund distribution legacy.
Consistent profitability, with healthy margins and a return on net worth of 42.24% in FY 2024.
Digital expansion strategy, including the development of a proprietary mutual fund investment application.
Strategic investment in Mumbai office premises, enhancing operational capacity and market reach.
Risks
5High dependency on mutual fund distribution, with no diversification into other financial services, making revenue vulnerable to market and regulatory shifts.
Leased office premises from a promoter, posing risks in case of non-renewal or termination of the lease agreement.
Exposure to regulatory scrutiny, with periodic inspections by SEBI and AMFI; non-compliance could lead to penalties or licence revocation.
Limited control over third-party mutual fund performance, which directly affects client trust and commission-based earnings.
Negative cash flows from investing activities, indicating high capital deployment without immediate returns.
