Sodhani Capital shares list at 57% premium over IPO price on BSE SME platform

The shares of Sodhani Capital, a Jaipur-based mutual fund distribution and financial services firm, listed with a premium of 57% over its IPO price on Tuesday. The stock opened at Rs 80 on the BSE SME platform against its issue price of Rs 51 per share.

The Rs 10.71-crore IPO, which ran from September 29 to October 1, received a solid 4.79 times subscription, reflecting decent demand despite a crowded primary market. The non-institutional investor (NII) portion was subscribed 5.99 times, while retail investors bid 4.85 times their quota.

The issue comprised a fresh issue of Rs 8.62 crore and an offer for sale (OFS) worth Rs 2.09 crore, with proceeds from the fresh issue set to be used for acquiring new office premises in Mumbai, brand-building, and technology development.


Sodhani Capital operates as a mutual fund distribution firm, catering to retail and high-net-worth individuals (HNIs). The company partners with leading asset management companies (AMCs) and earns commissions on upfront and trail basis from mutual fund sales. It has built a strong base in Tier-II and Tier-III cities, combining personal advisory with digital solutions to reach underserved investors.
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The firm plans to use part of the IPO proceeds to acquire a Mumbai office, expand its brand visibility through marketing initiatives, and develop its own mutual fund investment app. With a workforce of just 15 employees, Sodhani Capital has managed to achieve impressive profitability metrics, reporting a PAT margin of 53% and EBITDA margin of 74% in FY25.

Financially, Sodhani Capital’s total income rose 10% year-on-year to Rs 4.13 crore in FY25, while net profit slipped marginally to Rs 2.18 crore from Rs 2.21 crore in FY24.

Post-listing, the focus will likely shift to how well Sodhani Capital executes its technology and expansion plans to sustain growth in a rapidly evolving financial services landscape.