Sollfege Smart Electronics IPO
SOLLFEGE · BSE · SME · Electric Equipment
Overview
Updated 7 days agoSollfege Smart Electronics Limited is an Indian company engaged in the distribution, integration, and retail of premium consumer electronics, audio-visual products, and smart home solutions. The company operates through a network of experience centers and showrooms, focusing on high-end residential and commercial segments.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,10,000 |
| bNII (min) | 10 | 20,000 | ₹11,00,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 5 Nov, 09:30 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Electric Equipment |
| Price band | ₹55 |
| Final issue price | ₹55.00 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,10,000 |
| Issue size | ₹22.00 Cr |
| Fresh issue | ₹21.78 Cr |
| Market cap at upper band | ₹55.00 Cr |
| P/E at upper band | 15.6x |
| Registrar | KFIN TECHNOLOGIES LIMITED |
| Lead managers | Finshore Management Services Limited |
| NSE symbol | SOLLFEGE |
| ISIN | INE17HG01015 |
Fresh issue vs offer for sale
Shareholder quota and promoter holding
Company & business
Sollfege Smart Electronics Limited, formerly known as Sollfege Electronics Limited, is a premium consumer electronics retailer based in Kolkata. The company specializes in audio-visual products, home automation, and smart living solutions, sourcing from global brands and providing integrated installation and after-sales services. It operates on an experience-driven model with showrooms in Kolkata, Gurgaon, and Bhubaneswar, and is expanding its retail footprint. The company serves both retail and B2B customers, positioning itself as a comprehensive solutions provider for high-end technology integration in residential and commercial spaces.
Objects of the issue — how the money will be used
- Funding Capital Expenditure for Expansion of our Retail Network by launching 12 new Showrooms (₹8.54 Cr)
- To meet Working Capital Requirements (₹9.67 Cr)
- General Corporate Purposes (₹1.8 Cr)
Key strengths
- Exclusive brand associations with globally recognized brands
- Highly trained technical workforce
- Single-point, end-to-end solutions provider
- Experience-driven selling model
- Strong project-based market penetration
Key risks
- Business operations are concentrated in West Bengal
- High dependence on a limited number of brands and customers
- Dependent on external suppliers for product requirements
- Exposure to price volatility of AV products
- Products are positioned in the premium segment, limiting the customer base
- Negative cash flow in recent periods
- Delays in past statutory filings with ROC
Promoters
Umesh Kumar Agarwal
Decoded from the DRHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY23 | 12.62 | -- | 0.36 | 10.09 | 1.99 | 1.76 |
| FY24 | 18.53 | -- | 1.76 | 12.30 | 3.75 | 2.87 |
| FY25 | 21.01 | -- | 2.13 | 24.83 | 9.43 | 4.46 |
Key performance indicators · FY25
Peers & valuation
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Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.