Sollfege Smart Electronics IPO- Company Analysis
Sollfege Smart Electronics IPO under the SME IPO category is a fixed price issue of Rs. 21.78 Cr by Sollfege Smart Electronics Limited, which is in the distribution, integration and implementation of premium audio, video, home automation, smart living, lifestyle and wellness solutions in India.
The Company initially focused on the distribution of high-end audio and video equipment and has expanded its business into integrated technology solutions for high-end residential, commercial and institutional spaces.
The Company offers a diverse portfolio of premium technology solutions across Audio Solutions, Video Solutions and Smart Living Solutions.
Its audio portfolio includes high-end speakers, home theatre systems, soundbars, wireless speakers and background music systems, while its video solutions include premium displays and projectors.
Its Smart Living Solutions cover home automation, lifestyle and wellness products, networking, security and surveillance solutions, including lighting and climate control, smart door locks, CCTV systems and integrated monitoring solutions.
The Company follows an “experience before purchase” approach through its Experience Centres in Kolkata and Gurgaon, where customers can evaluate its products in functional environments. Its trained sales and technical teams provide customised solutions based on customer requirements and offer end-to-end services including site assessment, system design, installation and after-sales support.
Sollfege Smart Electronics IPO Details
The Sollfege Smart Electronics IPO date of opening is 30 Sep 2026; its initial public offering will end on 05 Oct, IPO allotment on Oct 06 and refund initiation on Oct 07, 2026.
The Rs. 21.78 crore new SME IPO comprises a wholly a fresh issue of 39.60 lakh shares.
The Sollfege Smart Electronics IPO listing date (expected) might be Thursday, Oct 08, 2026, and the listing on the BSE and SME.
The Sollfege Smart Electronics IPO price band is Rs. 55.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Sep 30, 2026 |
|
IPO Closing Date |
Oct 05, 2026 |
|
IPO Allotment Date |
Oct 06, 2026 |
|
Refund Initiation |
Oct 07, 2026 |
|
IPO Listing Date |
Oct 08, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
30.37 |
24.83 |
12.30 |
|
Total Income |
22.22 |
21.28 |
19.84 |
|
Profit After Tax |
2.19 |
2.13 |
1.76 |
|
EBITDA |
4.00 |
3.24 |
1.73 |
|
Net Worth |
11.62 |
9.43 |
3.75 |
|
Reserves and Surplus |
5.58 |
7.92 |
2.74 |
|
Total Borrowing |
6.98 |
4.46 |
2.87 |
Cash Flows
(Amount in Lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(65.66) |
90.87 |
(43.12) |
|
Net Cash Flow Investing Activities |
(7.99) |
(500.50) |
(17.09) |
|
Net Cash Flow Financing Activities |
77.90 |
410.19 |
50.82 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms. ~ Rs. 8.54 Cr.
-
Working Capital Requirements. ~ Rs. 9.67 Cr.
-
General Corporate Expenses. ~ Rs. 1.80 Cr.
-
Issue Expenses. ~ Rs. 1.76 Cr.
Listed Peers of Sollfege Smart Electronics Ltd.
No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
20.82% |
|
ROCE |
23.57% |
|
Debt/Equity |
0.60 |
|
RoNW |
18.86% |
|
PAT Margin |
9.86% |
|
EBITDA Margin |
18.02% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 3.63 from the last year, the resulting P/E ratio is 15.16x.
|
Valuation Metric |
Pre IPO |
Post IPO |
|
EPS (₹) |
3.63 |
2.19 |
|
P/E (x) |
15.15 |
25.11 |
Explore the Quanto Agroworld IPO.
IPO's Strengths
-
Exclusive Brand Associations with globally recognised OEM brands.
-
Highly Trained Technical Teams with strong solution-integration capabilities.
-
Single-Point, End-to-End Solutions covering design, integration, installation and support.
-
End-to-End Project Management for residential, commercial and institutional requirements.
IPO's Weaknesses
-
Dependence on suppliers.
-
High working capital.
-
Geographic concentration.
Sollfege Smart Electronics IPO GMP (Grey Market Premium)
Sollfege Smart Electronics IPO GMP today has not started yet as of 28 September 2026, while writing this information.
Sollfege Smart Electronics IPO Summary
|
IPO Opening & Closing Date |
30 Sep, 2026 to 05 Oct, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 55 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
39,60,000 Shares (Rs. 22 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
37,60,000 Shares (Rs. 21 Cr) |
|
Market Makers |
2,00,000 Shares (Rs. 1 Cr) |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,20,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,30,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Sollfege Smart Electronics IPO Allotment Status
To check the Sollfege Smart Electronics IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Sollfege Smart Electronics Ltd.
-
Umesh Kumar Agarwal.
|
Pre-Issue Promoter Shareholding |
99.97% |
|
Post-Issue Promoter Shareholding |
60.38% |
IPO Lead Managers
Finshore Management Services Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Sollfege Smart Electronics IPO provides exposure to the growing smart living and premium technology solutions market with a diversified product portfolio. The company has shown steady financial growth with improving profitability, strong EBITDA margins, and expansion plans through new retail showrooms.
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