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IPO Open

Wed, Sep 30, 2026

IPO Close

Mon, Oct 5, 2026

Issue Price

₹55 per share

Market Cap*

₹55.00 Cr * on Offer Price

IPO Details

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

Issue Reservation

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.

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%

IPO Lot Size

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

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

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)

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

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% ₹145.00
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Meesho Ltd. Mainboard ₹5,421.20 Cr ₹111 -11.63 ₹170.09 +53.23% ₹217.06

IPO Objects of the Issue

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

  • # 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

Key Performance Indicator (KPI)

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
  • 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

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.

IPO Lead Manager(s)

  1. Finshore Management Services Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Sollfege Smart Electronics Ltd. Address
Chandrakunj, 3 Pretoria Street
3rd Floor, Unit No. B, Middleton Row
Kolkata, West Bengal, 700071

IPO FAQs

Sollfege Smart Electronics IPO is a SME IPO of 39,60,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.

The IPO opens on Wed, Sep 30, 2026, and closes on Mon, Oct 5, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Sollfege Smart Electronics IPO using UPI as a payment gateway. Angel One customers can apply in Sollfege Smart Electronics IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Sollfege Smart Electronics IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Sollfege Smart Electronics IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Sollfege Smart Electronics IPO opens on Wed, Sep 30, 2026 and closes on Mon, Oct 5, 2026.

Sollfege Smart Electronics IPO lot size is 2000, and the minimum amount required for application is ₹2,20,000, with 2 lots being the minimum application size.

You can apply in Sollfege Smart Electronics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Sollfege Smart Electronics IPO will be done on Tuesday, October 6, 2026, and the allotted shares will be credited to your demat account by Wed, Oct 7, 2026. Check the Sollfege Smart Electronics IPO allotment status.

The Sollfege Smart Electronics IPO listing date is not yet announced. The tentative date of listing is Thu, Oct 8, 2026.

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