Sollfege Smart Electronics IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 30 to Oct 05 2026
Price Band
₹55
Current GMP
₹104.4 (+89.82%)
Subscription
2.14 times
IPO Details
| IPO Date | 30 Sep to 5 Oct, 2026 |
| Listed on | 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) MNM Stock Broking Pvt.Ltd. |
| 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 |
| BSE Script Code | 544977 |
| ISIN | INE17HG01015 |
IPO Date
30 Sep to 5 Oct, 2026
Listed on
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) MNM Stock Broking Pvt.Ltd.
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
BSE Script Code
544977
ISIN
INE17HG01015
IPO Subscription Details
| Market Maker | 1 |
| NII*** | 2.28 |
| Individual Investors | 2.00 |
| Total ** | 2.14 |
Market Maker
1
NII***
2.28
Individual Investors
2.00
Total **
2.14
Day Wise Sub
| Day | NII* | Individual Investors | Total |
|---|---|---|---|
| Sep 3 0 (Day 1) | 2.11 | 0.01 | 1.06 |
| Oct 1 (Day 2) | 2.12 | 1.59 | 1.86 |
| Oct 5 (Day 3) | 2.28 | 2.00 | 2.14 |
DaySep 3
0 (Day 1)
NII*2.11
Individual Investors0.01
Total1.06
DayOct 1
(Day 2)
NII*2.12
Individual Investors1.59
Total1.86
DayOct 5
(Day 3)
NII*2.28
Individual Investors2.00
Total2.14
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 08-10-2026 | 55 | 10 (18.18%) | 65 |
| 07-10-2026 | 55 | 10 (18.18%) | 65 |
GMP Date08-10-2026
IPO Price55
GMP10 (18.18%)
Est. Listing Price65
GMP Date07-10-2026
IPO Price55
GMP10 (18.18%)
Est. Listing Price65
IPO Important Dates
| IPO Open | Wed, Sep 30, 2026 |
| IPO Close | Mon, Oct 5, 2026 |
| Allotment | Tue, Oct 6, 2026 |
| Refund | Wed, Oct 7, 2026 |
| Credit of Shares | Wed, Oct 7, 2026 |
| Listing | Thu, Oct 8, 2026 |
IPO Open
Wed, Sep 30, 2026
IPO Close
Mon, Oct 5, 2026
Allotment
Tue, Oct 6, 2026
Refund
Wed, Oct 7, 2026
Credit of Shares
Wed, Oct 7, 2026
Listing
Thu, Oct 8, 2026
IPO Lot Size
| 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 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares4000
Amount₹2,20,000
ApplicationIndividual investors (IND) (Max)
Lots2
Shares4000
Amount₹2,20,000
ApplicationHNI (Min)
Lots3
Shares6000
Amount₹3,30,000
Financial Information
| Period Ended | 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 |
Period EndedAssets
31 Mar 202630.37
31 Mar 202524.83
31 Mar 202412.30
Period EndedTotal Income
31 Mar 202622.22
31 Mar 202521.28
31 Mar 202419.84
Period EndedProfit After Tax
31 Mar 20262.19
31 Mar 20252.13
31 Mar 20241.76
Period EndedEBITDA
31 Mar 20264.00
31 Mar 20253.24
31 Mar 20241.73
Period EndedNET Worth
31 Mar 202611.62
31 Mar 20259.43
31 Mar 20243.75
Period EndedReserves and Surplus
31 Mar 20265.58
31 Mar 20257.92
31 Mar 20242.74
Period EndedTotal Borrowing
31 Mar 20266.98
31 Mar 20254.46
31 Mar 20242.87
Key Performance Indicator
| ROE | 20.82% |
| ROCE | 23.57% |
| Debt/Equity | 0.60 |
| RoNW | 18.86% |
| PAT Margin | 9.86% |
| EBITDA Margin | 18.02% |
| NAV | 19.24 |
| P/B (x) | 2.86 |
ROE
20.82%
ROCE
23.57%
Debt/Equity
0.60
RoNW
18.86%
PAT Margin
9.86%
EBITDA Margin
18.02%
NAV
19.24
P/B (x)
2.86
IPO Reservation
| NII (HNI) | 18,80,000 |
| Retail | 18,80,000 |
| Market Maker | 2,00,000 |
| Total | 39,60,000 |
NII (HNI)
18,80,000
Retail
18,80,000
Market Maker
2,00,000
Total
39,60,000
Information about company
Incorporated in November 2012, Sollfege Smart Electronics Limited is engaged 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. The Company operates three showrooms in Kolkata, Gurgaon and Bhubaneswar and maintains relationships with globally recognised OEM brands including Bose, Yamaha, Panasonic, Lutron, Sonos, Devialet, Focal, Epson and LG.
Sollfege operates on an asset-light business model and is not engaged in manufacturing activities. Its operations are focused on distribution, system integration and implementation of technology solutions, supported by showrooms, Experience Centres and technical capabilities for demonstration, installation and servicing. The Company integrates IoT devices, automation systems, wireless communication, audio-visual equipment and smart sensors to create connected solutions for homes and commercial spaces. Its revenue from operations increased from ₹18.53 crores in Fiscal 2024 to ₹22.21 crores in Fiscal 2026.
As of August 2026, the Company had a total workforce of 32 employees, including Executive Directors, Key Managerial Personnel, accounts, sales and marketing, technical/operations and service personnel.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms
2: Working Capital Requirements
3: General Corporate Expenses
4: Issue Expenses
: Total
Disclaimer
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