Sollfege Smart Electronics IPO
Updated 25 Sept 2026, 6:50 pm.
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 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.
Offer documents & links
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 Date | 30 Sep to 5 Oct, 2026 |
|---|---|
| Listing Date | Thu, Oct 8, 2026 T |
| Face Value | ₹ 10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,60,000 shares (agg. up to ₹ 22 Cr) |
|---|---|
| Reserved for Market Maker | 2,00,000 shares (agg. up to ₹ 1 Cr) |
| Fresh Issue (Ex Market Maker) | 37,60,000 shares (agg. up to ₹ 21 Cr) |
| Net Offered to Public | 37,60,000 shares (agg. up to ₹ 21 Cr) |
| Share Holding Pre Issue | 60,40,000 shares |
| Share Holding Post Issue | 1,00,00,000 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%
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,80,000 | 50.00% | 47.47% |
| Retail Shares Offered | 18,80,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | — | 5.05% |
| Total Shares Offered | 39,60,000 | 100.00% | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,20,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,20,000 |
| HNI (Min) | 3 | 6000 | ₹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
Profit After Tax
EBITDA
NET Worth
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 31.71 | 24.83 | 12.30 | 10.09 |
| Total Income | 10.76 | 21.28 | 19.84 | 12.74 |
| Profit After Tax | 1.05 | 2.13 | 1.76 | 0.36 |
| EBITDA | 1.94 | 3.24 | 1.73 | 0.66 |
| NET Worth | 10.47 | 9.43 | 3.75 | 1.99 |
| Reserves and Surplus | 4.43 | 7.92 | 2.74 | 0.98 |
| Total Borrowing | 6.08 | 4.46 | 2.87 | 1.76 |
| Amount in ₹ Crore |
Recently Listed IPOs in E-Retail/ E-Commerce
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|---|---|---|---|---|---|---|---|
| Acetech E-Commerce Ltd. | SME | ₹48.95 Cr | ₹112 | 19.56 | ₹117.60 | +5.00% | ₹148.00 |
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms | 8.54 |
| 2 | Working Capital Requirements | 9.67 |
| 3 | General Corporate Expenses | 1.80 |
| Total | 20.02 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
ROE
ROCE
RoNW
PAT Margin
EBITDA Margin
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 10.53% | 32.27% |
| ROCE | 12.64% | 27.79% |
| Debt/Equity | 0.58 | 0.47 |
| RoNW | 10.00% | 22.56% |
| PAT Margin | 9.74% | 9.99% |
| EBITDA Margin | 18.04% | 15.43% |
| NAV | 17.34 | 62.43 |
| Price to Book Value | 3.17 | 0.88 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.52 | 2.10 |
| P/E (x) | 15.63 | 26.19 |
| 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%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 99.97% | 60.38% |
| Public | 0.03% | 39.62% |
| Total | 100% | 100% |
Company Promoter: Umesh Kumar Agarwal
Sollfege Smart Electronics IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
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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Sollfege Smart Electronics: common questions
Answered from this issue's own record.