SME
IPO ·
BSE SME
Sollfege Smart Electronics Ltd
Listed
Kolkata distributor and integrator of premium audio-video, home-automation and smart-living products.
Issue details
Price band
₹55
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,20,000
Issue size
₹21.78 Cr
Fresh issue
₹21.78 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
30 Sep 2026
Closes
5 Oct 2026
UPI mandate cut-off
5:00 PM on 5 Oct 2026
Allotment
6 Oct 2026
Refunds
7 Oct 2026
Shares in demat
7 Oct 2026
Listing
8 Oct 2026
Subscription and listing
Subscription
2.14x
Listing price
₹104.40
Registrar
KFin Technologies Ltd
Lead manager
Finshore Management Services Ltd
Subscription by category
NII *
2.28x
Individual Investor
2.00x
Total
2.14x
Total applications
1,002
Listing day
Issue price
₹55
Open
₹104.40
High
₹104.50
Low
₹99.18
Day close
₹99.18
Listing gain at open
+89.82%
Issue structure
Shares reserved per category and share of the total issue
NII
18,80,000
47.47%
Retail
18,80,000
47.47%
Market Maker
2,00,000
5.05%
Total
39,60,000
100.00%
Finaccle’s quick read
Avoid
FY26 income rose only about 4% to ₹22.22 Cr with PAT flat at ₹2.19 Cr, yet the post-issue P/E is 25.11, a rich valuation for a very small business.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Sollfege Smart Electronics distributes, integrates and installs premium audio, video, home automation and smart living systems from brands such as Bose, Yamaha, Sonos, Lutron and LG. It runs an asset-light model without manufacturing, with experience centres in Kolkata and Gurgaon and showrooms in Kolkata, Gurgaon and Bhubaneswar. Customers are residential, commercial and institutional, and the company had 32 employees.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
20.82%
ROCE
23.57%
Debt / equity
0.60
PAT margin
9.86%
P/E post issue
25.11
Market cap
₹55.00 Cr
Use of IPO money
Capex for 12 new showrooms
₹8.54 Cr
Working capital
₹9.67 Cr
General corporate expenses
₹1.80 Cr
Issue expenses
₹1.76 Cr
Strengths
✓
Tie-ups with global premium OEM brands
✓
Asset-light distribution and integration model
✓
End-to-end design, installation and service
✓
Entirely fresh issue
Risks to watch
!
Income grew only about 4% in FY26 with flat PAT
!
Post-issue P/E of 25.11 is full for flat growth
!
Very small revenue base of about ₹22 Cr
!
Showroom expansion adds execution risk
!
Borrowings rising, from ₹2.87 Cr to ₹6.98 Cr in two years
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.