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    Sollfege Smart Electronics IPO

    Updated 25 Sept 2026, 6:50 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,20,000

    2 lots · 4,000 shares at the upper price band

    Price band

    ₹55

    Latest GMP

    Not yet quoted

    Est. listing price

    —

    Issue size

    ₹20.68 Cr

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    GMP history will appear after the scheduled sync records observations.

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹55
    Issue size
    ₹20.68 Cr
    Lot size
    2,000
    Opens
    30 Sept 2026
    Closes
    5 Oct 2026
    Allotment
    6 Oct 2026
    Listing
    8 Oct 2026
    Est. listing price
    —
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Kfin Technologies Ltd.
    Minimum investment
    ₹2,20,000 (2 lots · 4,000 shares)
    Face value
    ₹10 per share
    Issue type
    Fixed Price IPO
    Sale type
    Fresh capital only
    Listing at
    BSE SME
    Refunds
    7 Oct 2026
    Shares credited
    7 Oct 2026
    Promoter holding
    99.97% before · 60.38% after
    Lead managers
    Finshore Management Services Ltd.

    Full issue details

    Details as published for this issue, read 25 Sept 2026, 9:05 am. Verify against the RHP before applying.

    IPO Details

    IPO Date30 Sep to 5 Oct, 2026
    Listing DateThu, Oct 8, 2026 T
    Face Value₹ 10 per share
    Issue Price₹55 per share
    Lot Size2,000 Shares
    Sale TypeFresh capital only
    Issue TypeFixed Price IPO
    Listing AtBSE SME
    Total Issue Size39,60,000 shares (agg. up to ₹ 22 Cr)
    Reserved for Market Maker2,00,000 shares (agg. up to ₹ 1 Cr)
    Fresh Issue (Ex Market Maker)37,60,000 shares (agg. up to ₹ 21 Cr)
    Net Offered to Public37,60,000 shares (agg. up to ₹ 21 Cr)
    Share Holding Pre Issue60,40,000 shares
    Share Holding Post Issue1,00,00,000 shares

    IPO Timetable (Tentative)

    IPO Open
    Wed, Sep 30, 2026
    IPO Close
    Mon, Oct 5, 2026
    Allotment
    Tue, Oct 6, 2026
    Refund
    Wed, Oct 7, 2026
    Credit of Shares
    Wed, Oct 7, 2026
    Listing
    Thu, Oct 8, 2026

    Issue Reservation

    • NII (HNI) Shares Offered47.47%
    • Retail Shares Offered47.47%
    • Market Maker Shares Offered5.05%
    Issue Reservation: Share of the issue reserved for each investor category. Figures as published in the table below.
    Investor CategoryShares Offered% of Net Issue% of Total Issue
    NII (HNI) Shares Offered18,80,00050.00%47.47%
    Retail Shares Offered18,80,00050.00%47.47%
    Firm Reservations
    Market Maker Shares Offered2,00,000—5.05%
    Total Shares Offered39,60,000100.00%100.00%

    Sollfege Smart Electronics IPO comprises a total issue size of 39,60,000 shares. The net offer to the public is 37,60,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 18,80,000 (50.00%) allocated to NII 18,80,000 (50.00%) allocated to RII .

    IPO Lot Size

    Individual investors (IND) (Min)₹2,20,000
    Individual investors (IND) (Max)₹2,20,000
    HNI (Min)₹3,30,000
    IPO Lot Size: What an application costs at the upper price band, by category. Figures as published in the table below.
    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)24000₹2,20,000
    Individual investors (IND) (Max)24000₹2,20,000
    HNI (Min)36000₹3,30,000

    Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

    IPO Subscription Details

    About Sollfege Smart Electronics Ltd.

    Incorporated in 2012, Sollfege Smart Electronics Limited is engaged in the premium segment of audio, video, home automation, smart living, lifestyle electronics, and wellness solutions. The company is focused on delivering integrated and technology-driven solutions that combine high-quality products with design, convenience, and functionality. It operates through a combination of showrooms, experience centres, and an online platform, enabling customers to experience, evaluate, and purchase products across both residential and commercial use cases.

    Over the years, Sollfege has evolved from a traditional audio-video distributor into a comprehensive solutions provider in the premium electronics space. Its offerings include home theatre systems, audio solutions, video solutions, smart home automation, lighting control, climate control, lifestyle electronics, and connected living solutions. The company caters to customers who seek refined, modern, and seamless living experiences, with a strong emphasis on product quality, user experience, and end-to-end service support.

    Sollfege's business model is designed around an experience-first approach. Its experience centres are created to reflect real living environments, allowing customers to interact with and test products before making a purchase decision. This approach is particularly relevant in the premium segment, where product demonstration, customization, and technical consultation play an important role in influencing buying behaviour. The company's sales and technical teams work closely with customers to understand their requirements and provide tailored solutions that meet both functional and aesthetic expectations.

    The company has also built strong relationships with globally recognized brands, national distributors, architects, interior designers, builders, and project partners. These relationships have helped Sollfege strengthen its market position and expand its presence in both retail and project-based segments. Through these partnerships, the company is able to offer reliable, high-quality products and execute complex integration projects across residential, commercial, and institutional spaces.

    Sollfege operates across multiple geographies in India and has established its presence through showrooms in Kolkata, Gurgaon, and Bhubaneswar. It serves both B2C and B2B customers and participates in exhibitions, events, and digital marketing initiatives to strengthen brand visibility and customer engagement. The company continues to focus on expanding its presence in key markets while enhancing its product portfolio, service network, and digital reach.

    With its premium positioning, customer-centric approach, and integrated solution offerings, Sollfege Smart Electronics Limited aims to further strengthen its presence in the premium audio-video and smart automation industry in India.

    Company Financials (Restated Consolidated)

    Total Income

    31 Mar 202312.74
    31 Mar 202419.84
    31 Mar 202521.28
    30 Sep 2025part period10.76

    Profit After Tax

    31 Mar 20230.36
    31 Mar 20241.76
    31 Mar 20252.13
    30 Sep 2025part period1.05

    EBITDA

    31 Mar 20230.66
    31 Mar 20241.73
    31 Mar 20253.24
    30 Sep 2025part period1.94

    NET Worth

    31 Mar 20231.99
    31 Mar 20243.75
    31 Mar 20259.43
    30 Sep 2025part period10.47
    Company Financials (Restated Consolidated): Each line is scaled to its own largest period, ₹ crore - compare periods within a line, not one line against another. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
    Assets31.7124.8312.3010.09
    Total Income10.7621.2819.8412.74
    Profit After Tax1.052.131.760.36
    EBITDA1.943.241.730.66
    NET Worth10.479.433.751.99
    Reserves and Surplus4.437.922.740.98
    Total Borrowing6.084.462.871.76
    Amount in ₹ Crore

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    IPO Objects of the Issue

    Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms8.54
    Working Capital Requirements9.67
    General Corporate Expenses1.80
    IPO Objects of the Issue: What the proceeds are earmarked for (₹ Cr.). Figures as published in the table below.
    #Issue ObjectsEst Amt (₹ Cr.)
    1Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms8.54
    2Working Capital Requirements9.67
    3General Corporate Expenses1.80
    Total20.02

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    ROE

    Mar 31, 202532.27%
    Sep 30, 2025part period10.53%

    ROCE

    Mar 31, 202527.79%
    Sep 30, 2025part period12.64%

    RoNW

    Mar 31, 202522.56%
    Sep 30, 2025part period10.00%

    PAT Margin

    Mar 31, 20259.99%
    Sep 30, 2025part period9.74%

    EBITDA Margin

    Mar 31, 202515.43%
    Sep 30, 2025part period18.04%
    Key Performance Indicator (KPI): The percentage ratios only; the table's absolute figures stay in the table. The muted bar is a part period, not a full year - it is shorter, not smaller. Figures as published in the table below.
    KPISep 30, 2025Mar 31, 2025
    ROE10.53%32.27%
    ROCE12.64%27.79%
    Debt/Equity0.580.47
    RoNW10.00%22.56%
    PAT Margin9.74%9.99%
    EBITDA Margin18.04%15.43%
    NAV17.3462.43
    Price to Book Value3.170.88

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)3.522.10
    P/E (x)15.6326.19
    Market Cap at Offer Price₹33.22 Cr.₹55.00 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

    Shareholding Structure

    Pre IPO

    • Promoter and Promoter Group99.97%
    • Public0.03%

    Post IPO

    • Promoter and Promoter Group60.38%
    • Public39.62%
    Shareholding Structure: Who holds the company before and after the issue. Figures as published in the table below.
    CategoryPre IPOPost IPO
    Promoter and Promoter Group99.97%60.38%
    Public0.03%39.62%
    Total100%100%

    Company Promoter: Umesh Kumar Agarwal

    Sollfege Smart Electronics IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Registrar

    Kfin Technologies Ltd.

    040-79615565

    einward.ris@kfintech.com

    IPO Lead Manager(s)

    Finshore Management Services Ltd.

    Contact Details

    Sollfege Smart Electronics Ltd. Address

    Chandrakunj, 3 Pretoria Street

    3rd Floor, Unit No. B, Middleton Row

    Kolkata, West Bengal , 700071

    033 4602 0444

    cs@sollfege.com

    Sollfege Smart Electronics IPO in the news

    Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.

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    FAQ

    Sollfege Smart Electronics: common questions

    Answered from this issue's own record.

    The Sollfege Smart Electronics SME IPO is priced at ₹55 per share, for an issue size of ₹20.68 crore.

    The issue opens on 30 Sept 2026 and closes on 5 Oct 2026, with listing expected on 8 Oct 2026.

    One lot is 2000 shares, and applications must be in multiples of a lot. At the upper band that is ₹1,10,000 for one lot.