India’s IPO market continues to grow in 2025, with Sodhani Capital Limited marking its debut in the market. The IPO, opening on September 29, 2025, gives investors a chance to invest in a financial services firm that has established a strong presence in the distribution of mutual funds. Here is a detailed overview of Sodhani Capital Limited, its IPO, and the industry outlook.
About Sodhani Capital Ltd.
Sodhani Capital Limited, incorporated in 1992, specialises in financial product distribution, primarily focusing on mutual funds for retail investors and high-net-worth individuals (HNIs). The company has gained a significant foothold in Jaipur, Rajasthan, and has expanded its reach through webinars, seminars, and online services.
Operating on three core pillars—customer focus, technology, and strong governance—Sodhani Capital combines physical presence with digital tools to serve diverse clients, especially in Tier-II and Tier-III cities.
The company’s services include:
- Equity Funds: Equity Mutual Funds are for long-term growth and capital appreciation
- Debt Funds: Debt Mutual Funds would provide stability and regular income
- Hybrid Funds: Hybrid Mutual Funds for balancing growth and income
- ELSS Funds: Elss Mutual Funds will offer tax savings under Section 80C
- Systematic Investment Plans (SIPs): Promoting disciplined savings for long-term wealth building
As of September 2025, Sodhani Capital maintains a workforce of 15 employees.
Competitive Strengths:
- Commission-Based Income: Revenue generation from both upfront and trail fees
- Established Network: Strong relationships with clients, financial advisors, and asset management companies (AMCs)
- Focus on Tier-II and Tier-III Cities: Tapping into an underserved market with growth potential
Sodhani Capital IPO Details
The Sodhani Capital IPO is a fixed-price issue of ₹10.71 crore, consisting of a fresh issue of 0.17 crore shares aggregating to ₹8.62 crore and an offer for sale of 0.04 crore shares aggregating to ₹2.09 crore. The IPO will be listed on the BSE SME.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 29, 2025 |
| IPO Close Date | Oct 1, 2025 |
| Tentative Allotment | Oct 3, 2025 |
| Initiation of Refunds | Oct 6, 2025 |
| Credit of Shares to Demat | Oct 6, 2025 |
| Tentative Listing Date | Oct 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Oct 1, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 shares |
| Total Issue Size | 21,00,000 shares (aggregating up to ₹10.71 Cr) |
| Reserved for Market Maker | 1,06,000 shares (aggregating up to ₹0.5406 Cr) Aikyam Capital Private Limited |
| Fresh Issue (Ex Market Maker) |
15,84,000 shares (aggregating up to ₹8.08 Cr) |
| Offer for Sale | 4,10,000 shares of ₹10 (aggregating up to ₹2.09 Cr) |
| Net Offered to Public | 19,94,000 shares (aggregating up to ₹10.17 Cr) |
| Sale Type | Fresh Issue-cum-Offer for Sale |
| Issue Type | Fixed Price IPO |
| Shareholding Pre-Issue | 62,54,998 shares |
| Shareholding Post-Issue | 79,44,998 shares |
Investor Category 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%) |
Lot Size & Investment:
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 4,000 | ₹2,04,000 |
| Retail (Max) | 2 | 4,000 | ₹2,04,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,06,000 |
Promoter Holding:
The promoters of Sodhani Capital Ltd. include Rajesh Kumar Sodhani, Priya Sodhani, Ritika Sodhani, and Aastha Sodhani.
- Pre-IPO: 100%
- Post-IPO: NA
Book Running Lead Manager: Bonanza Portfolio Ltd.
Registrar: NSDL Database Management Ltd.
Market Maker: Aikyam Capital Private Limited
Sodhani Capital Ltd.: Financials
Financial Highlights (₹ Crore):
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 7.60 | 5.36 | 2.29 |
| Total Income | 4.13 | 3.75 | 2.48 |
| Profit After Tax | 2.18 | 2.21 | 1.20 |
| EBITDA | 3.05 | 2.92 | 1.68 |
| Net Worth | 7.42 | 5.23 | 2.02 |
| Reserves & Surplus | 1.16 | 3.84 | 2.01 |
| Total Borrowing | 0.05 | 0.05 | 0.07 |
Key Performance Indicators (FY2025):
| KPI | Value |
| Market Capitalisation (Market Cap) | ₹40.52 Cr |
| Return on Equity (ROE) | 29.45% |
| Return on Capital Employed (ROCE) | 40.47% |
| Debt to Equity Ratio (Debt/Equity) | 0.07 |
| Return on Net Worth (RoNW) | 29.45% |
| Profit After Tax (PAT) Margin | 53.26% |
| EBITDA Margin | 74.41% |
| Price to Book Value | 2.71 |
| Earnings Per Share (EPS) Pre-IPO | ₹3.49 |
| Earnings Per Share (EPS) Post-IPO | ₹2.75 |
| Price to Earnings Ratio (P/E) Pre-IPO | 14.61x |
| Price to Earnings Ratio (P/E) Post-IPO | 18.55x |
Sodhani Capital IPO Objectives
The proceeds from the IPO are planned to be used as follows:
| Object | Amount (₹ Crore) |
| Acquisition of Office Premises in Mumbai | 5.01 |
| Enhancement of Brand Visibility | 0.93 |
| Development of Mutual Fund Investment Application | 0.15 |
| IT Infrastructure for New Office | 0.09 |
| General Corporate Purpose | 1.06 |
| Interior Work for New Office | 0.58 |
Industry Outlook
The financial services sector in India continues to expand, driven by:
- Increased investor participation in mutual funds
- Rising awareness of financial products in Tier-II and Tier-III cities
- Government initiatives to promote financial inclusion
Sodhani Capital’s strong relationships with AMCs and its focus on mutual funds for retail investors and HNIs position it well in this growing sector. The company’s diversified business model and technology-driven approach are expected to drive future growth.
Sodhani Capital IPO: Peer Comparison
Investors considering the Sodhani Capital IPO may also look at peers like Vedant Asset Ltd, specialising in wealth management, and Prudent Corporate Advisory Services Ltd, a key player in mutual fund distribution. Comparing their financials and growth metrics can help assess Sodhani Capital’s market positioning and potential returns.
Conclusion
Sodhani Capital Ltd. presents a compelling investment opportunity in the growing mutual fund distribution market, backed by its strong customer base, experienced management, and steady revenue model. While the company has shown consistent growth, investors should consider risks such as dependence on commissions and the competitive nature of the financial services industry.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO to stay updated on the latest market offerings.
