Sollfege Smart Electronics IPO
CLOSEDSMEBidding Closed
Allotment date reached
Allotment
06 Oct 2026
Listing
08 Oct 2026
- Price Band
- ₹55 – ₹55
- Lot Size
- 2,000
- Lot Value
- ₹1,10,000
- Open Date
- 30 Sep30 Sep 2026
- Close Date
- 05 Oct05 Oct 2026
- Min Investment
- ₹1,10,000
About Sollfege Smart Electronics
Sollfege Smart Electronics is a trading and retail company specializing in premium consumer electronics, audio-visual products, and smart home solutions sourced from third-party brands.
The company sources premium consumer electronics, AV products, and smart home solutions from third-party suppliers and sells them through retail stores.
Use of IPO Proceeds
Total allocation: ₹20.02 Cr (excludes issue expenses)
Promoters
Umesh Kumar Agarwal
Managing Director
Pre-issue: 99.9% · Post-issue: 60.34%
Investment Analysis
Quick Analysis: 3 strengths · 6 risk factors· Exchange: BSE SME
Strengths (3)
- •Technical capabilities and quality assurance in competing with organized and unorganized players
- •Strong emphasis on quality and timely delivery of products
- •Personal interaction by senior management with customers and suppliers
Risk Factors (6)
- •Company and its directors are parties to legal proceedings that could materially harm business, operations and financial condition if decided adversely.
- •Majority of retail sales concentrated in West Bengal; adverse developments in state could significantly impact revenue and operational performance.
- •First-time public offering with no formal market history; issue price may not reflect actual market value after listing, risking investor losses.
- •Investors may be unable to exercise pre-emptive rights under Indian law, potentially suffering dilution of ownership in future capital raises.
- •Increased competition in West Bengal retail electronics market could reduce market share and adversely affect business prospects and financial performance.
- •No assurance of active, sustained trading post-listing; equity shares could experience significant price volatility or illiquidity after market launch.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- GMP ₹0 (+0.0%), unofficial, as of 06 Oct 2026, 05:03 PM IST
GMP Trend
Latest: ₹0 (+0.00%)Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,10,000 |
| Retail (max) | 1 | 2,000 | ₹1,10,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,20,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,90,000 |
| B-HNI (min) | 10 | 20,000 | ₹11,00,000 |
Subscription Status
Subscription data will appear once bidding begins.
Allotment Statistics
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
30 Sep 2026 · Wed
Issue Closes
05 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
05 Oct 2026 · 5:00 PM IST
Allotment
06 Oct 2026 · Tue
Listing
08 Oct 2026 · Thu · Tomorrow
Issue Opens
30 Sep 2026 · Wed
Issue Closes
05 Oct 2026 · Mon
Bidding Cut-off (UPI Mandate)
05 Oct 2026 · 5:00 PM IST
Allotment
06 Oct 2026 · Tue
Listing
08 Oct 2026 · Thu · Tomorrow
IPO Details
| Registrar | — |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹21.78 Cr |
| Fresh Issue | ₹21.78 Cr |
| OFS Size | — |
| Lead Managers | FINSHORE MANAGEMENT SERVICES LIMITED |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 22.21 | 2.19 | — | — | 18.86% |
| FY25 | 21.01 | 2.13 | — | — | 22.56% |
| FY24 | 18.53 | 1.76 | — | — | 46.91% |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 19.84 | 21.28 | 22.22 |
| EBITDA | 1.73 | 3.24 | 4 |
| Net Worth | 3.75 | 9.43 | 11.62 |
| Total Assets | 12.3 | 24.83 | 30.37 |
| Cash Flow — Operating | -0.43 | 0.91 | -0.66 |
| Cash Flow — Investing | -0.17 | -5.01 | -0.08 |
| Cash Flow — Financing | 0.51 | 4.1 | 0.78 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
—
Price ÷ EPS
EPS (FY26)
—
Earnings per share
RoNW
18.86%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
18.0%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital Structure
| Authorised Capital | ₹12.00 Cr |
| Issued Capital | — |
| Paid-up Capital | ₹6.04 Cr |
| Equity Shares (Pre-Issue) | — |
| Equity Shares (Post-Issue) | — |
| Preference Shares | 0 |
| ESOP Outstanding | 0 |
Source: Sollfege Smart Electronics offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Sollfege Smart Electronics's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Sollfege Smart Electronics's filing.
Source: Sollfege Smart Electronics offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
Reservation split not disclosed in this filing.Not disclosed in Sollfege Smart Electronics's filing.
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: Sollfege Smart Electronics offer document (DRHP/RHP).
Board & Management
Board of Directors (4)
- Umesh Kumar Agarwal₹0.09 Cr p.a.
Managing Director
Master of Science degree from the University of Glamorgan (Prifysgol Morgannwg), Pontypridd, Wales (2005)
More than 15 Years
- Mihir Kumar Dutta₹0.04 Cr p.a.
Executive Director
Under Graduate
Over 45 years of experience
- Pankaj Kankaria₹0.02 Cr p.a.
Independent Director
- Puja Shaw₹0.02 Cr p.a.
Independent Director
Source: Sollfege Smart Electronics offer document (DRHP/RHP).
Industry & Market
India is projected to become the fourth largest market for consumer durables by FY27
Per www.ibef.org, a report commissioned by the company (not independent).
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Statutory | Company | 1 | — |
Late filing of regulatory returns with administrative delays in West Bengal operations
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Sollfege Smart Electronics IPO opening?
The Sollfege Smart Electronics IPO opens on 30 Sep 2026 and closes on 05 Oct 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Sollfege Smart Electronics IPO?
The price band for the Sollfege Smart Electronics IPO is ₹55 to ₹55. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Sollfege Smart Electronics IPO?
The minimum lot size is 2000 shares with a minimum investment of ₹1,10,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Sollfege Smart Electronics IPO today?
The latest Grey Market Premium for Sollfege Smart Electronics is ₹0 (+0.00%). GMP is unofficial data and is not a guarantee of listing price.
When will the Sollfege Smart Electronics IPO list on NSE and BSE?
The Sollfege Smart Electronics IPO is expected to list on 08 Oct 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the Sollfege Smart Electronics IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Sollfege Smart Electronics IPO a mainboard or SME issue?
Sollfege Smart Electronics is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the Sollfege Smart Electronics IPO?
You can apply for the Sollfege Smart Electronics IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the GMP-implied price of Sollfege Smart Electronics IPO?
The GMP-implied price (unofficial, not a forecast) is ₹55: the upper price band of ₹55 plus the latest grey market premium of ₹0, as of 06 Oct 2026, 05:03 PM IST. GMP is unofficial grey market data, and the actual listing price can differ from it.
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Sollfege Smart Electronics