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Sollfege Smart Electronics IPO
📅 Founded: 2012
📍 Kolkata, West Bengal
🌐 sollfege.com
📋 Face Value: ₹10
🏦 Market Cap: ₹55.05 Cr
Price Band
₹55
Issue Size
₹21.78 Cr
Lot Size
2000 shares
Min. Investment
₹2,20,000
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
08 Oct 2026
Registrar
KFin Technologies
Sollfege Smart Electronics IPO at a glance
Sollfege Smart Electronics IPO was an SME issue of ₹21.78 Cr at a price band of ₹55 per share, open from 30 Sep 2026 to 05 Oct 2026. The shares listed on BSE SME on 08 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹21.78 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹21.78 Cr
Face Value₹10
Market Cap (at issue)₹55.05 Cr
Listing ExchangeBSE SME
📅 Open Date30 Sep 2026
🔒 Close Date05 Oct 2026
✂️ Cut-off Price Date05 Oct 2026
🎟️ Allotment Date06 Oct 2026
💸 Refund Initiation07 Oct 2026
📂 Demat Credit07 Oct 2026
📈 Listing Date08 Oct 2026
Objects of the Issue
- 💰 Capex for 12 new showrooms — ₹8.54 Cr
- 💰 Working capital — ₹9.67 Cr
- 💰 General corporate purposes — ₹1.80 Cr
About the Company
Sollfege Smart Electronics, incorporated in 2012 and based in Kolkata, sells premium audio-video equipment, home theatres, home automation and lifestyle electronics through experience-centre showrooms in Kolkata, Gurugram and Bhubaneswar. It plans to use most of the IPO money to open 12 new showrooms and fund working capital. This is a fixed-price issue at ₹55 per share.
Strengths
- ✅ Experience-centre showroom format for premium home entertainment
- ✅ Income grew from about ₹13 Cr in FY23 to ₹21 Cr in FY25
- ✅ Plans to expand to 12 more showrooms with IPO funds
Risk Factors
- ⚠️ Premium products sell to a narrow customer base and depend on discretionary spending
- ⚠️ Small scale, with income of about ₹21 Cr
- ⚠️ Latest full-year financials disclosed are for FY25
- ⚠️ Store expansion brings execution and rental-cost risk
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
99.97%
Pre-IPO
→ -39.6%
60.38%
Post-IPO
Founders & Leadership
UA
Umesh Kumar Agarwal
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
30 Sep 2026
✓
Close Date
05 Oct 2026
✓
Allotment Date
06 Oct 2026
✓
Listing Date
08 Oct 2026
Key Financials
Revenue₹21.28 Cr
PAT₹2.13 Cr
EPS₹3.52
P/E Ratio15.62x
ROE22.56%
Market Cap₹55.05 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Income | 21.28 | 19.84 | 12.74 |
| Profit After Tax | 2.13 | 1.76 | 0.36 |
| EBITDA | 3.24 | — | 0.66 |
| Net Worth | 7.92 | 2.74 | — |
| Total Borrowing | 4.46 | 2.87 | — |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY25 | FY24 |
|---|---|---|
| ROE (%) | 26.89 | 64.23 |
| EBITDA Margin (%) | 15.23 | — |
| Debt / Equity | 0.56 | 1.05 |
| Net Worth (Rs. Cr) | 7.92 | 2.74 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹3.52 | — |
| P/E (x) | 15.62x | — |
| ROE (%) | 22.56% | — |
| Promoter Holding | 99.97% | 60.38% |
| Market Cap | ₹55.05 Cr | |
IPO Registrar
Sollfege Smart Electronics IPO FAQs
Sollfege Smart Electronics IPO is an SME IPO with an issue size of ₹21.78 Cr at a price band of ₹55. Minimum lot size is 2000 shares and the minimum application is 2 lots (minimum investment ~₹2,20,000). Opened on 30 Sep 2026 and closed on 05 Oct 2026. Listed on BSE SME. Registrar: KFin Technologies.