Sollfege Smart Electronics IPO Date & Timeline
Tentative schedule from the RHP.
Sollfege Smart Electronics IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | NII | Individual | Total |
|---|---|---|---|
| Shares offered | 18,80,000 | 18,80,000 | 37,60,000 |
| Day 1 · Sep 30 | 2.11× | 0.01× | 1.06× |
| Day 2 · Oct 1 | 2.22× | 1.59× | 1.91× |
| Day 3 · Oct 5 | 2.39× | 2.00× | 2.20× |
Sollfege Smart Electronics IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 30 – Oct 5, 2026 |
| Issue price | ₹55 per share |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Total issue size | 39,60,000 shares ₹21.78 Cr |
| Fresh issue | 39,60,000 shares ₹21.78 Cr |
| Issue type | Fixed Price · SME |
| Listing at | BSE SME |
| Market cap | ≈ ₹55.00 Cr |
| Promoter holding | 99.97% → 60.38% |
| Lead manager | Finshore Management Services Ltd. |
| Market maker | MNM Stock Broking Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
Offer documents
Sollfege Smart Electronics IPO Lot Size
Minimum and maximum bids by investor type at the issue price of ₹55.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 4,000 | ₹2,20,000 |
| Individual (max) | 2 | 4,000 | ₹2,20,000 |
| sHNI (min) | 3 | 6,000 | ₹3,30,000 |
Sollfege Smart Electronics IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 2,00,000 | 5.1% | — |
| NII (HNI) | 18,80,000 | 47.5% | 313 |
| Individual investors | 18,80,000 | 47.5% | 470 |
| Total | 39,60,000 | 100% |
Sollfege Smart Electronics Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 19.84 | 21.28 | 22.22 | +4.4% |
| EBITDA | 1.73 | 3.24 | 4.00 | +23.5% |
| Profit after tax | 1.76 | 2.13 | 2.19 | +2.8% |
| Total assets | 12.30 | 24.83 | 30.37 | +22.3% |
| Net worth | 3.75 | 9.43 | 11.62 | +23.2% |
| Reserves & surplus | 2.74 | 7.92 | 5.58 | −29.5% |
| Total borrowing | 2.87 | 4.46 | 6.98 | +56.5% |
Sollfege Smart Electronics IPO Valuation
At the upper band of ₹55.
About Sollfege Smart Electronics
Business profile from the RHP.
- 2012Incorporated · Kolkata, West Bengal
- 3Showrooms · Kolkata, Gurgaon, Bhubaneswar
- 12New showrooms planned from IPO money
- 32Employees (Aug 31, 2026)
Promoters & holding
Umesh Kumar Agarwal
Objects of the issue
Sollfege Smart Electronics IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: The company has run a profitable premium audio-video and smart-home business since 2012, with ~20% return on equity, moderate debt and a clear plan to use most of the money for new showrooms and working capital. Against that, revenue and profit have barely grown, borrowings and receivables are rising and the post-issue P/E of ~25× has no listed peers to support it. The issue closed 2.2× subscribed overall.
- Profitable every year shown, with PAT of ₹1.8-2.2 Cr, a ~10% profit margin and an ~18% EBITDA margin.
- Decent returns on capital (RoE ~21%, RoCE ~24%) with debt at about 0.6× equity.
- Operating since 2012 with showrooms and experience centres in three cities and tie-ups with global brands such as Bose, Yamaha, Sonos and Lutron.
- Most of the ₹21.8 Cr goes to specific uses: ₹8.5 Cr for 12 new showrooms and ₹9.7 Cr for working capital.
- Sells into growing demand for premium home entertainment and smart-home automation in India.
- Growth is slow: revenue rose from ₹19.8 Cr to ₹22.2 Cr over two years and profit was nearly flat in FY26.
- Priced at ~25× post-issue earnings with no listed peers to compare against; IPOWatch calls the issue fully priced.
- Borrowings rose from ₹2.9 Cr (FY24) to ₹7.0 Cr (FY26) and trade receivables are rising, so more cash is tied up in the business.
- The company resells other brands' products and depends on discretionary spending on premium goods; the 12 new showrooms will add rent and staff costs before they pay back.
- Single promoter held 99.97% before the issue; the lead manager's recent SME listings have a weak track record per IPOWatch.
- SME listing: trading can be thin after listing, and individuals must apply for 2 lots (₹2.2 lakh).
Sollfege Smart Electronics Listing Performance Updates after Oct 8
We close the loop: issue vs listing price, and how our score compared.
Sollfege Smart Electronics IPO Allotment Status & Contact Details
Allotment was finalised on Oct 6. Check it with your PAN or application number.
Kfin Technologies Ltd.
- Phone
- 040-79615565
- einward.ris@kfintech.com
- Website
- www.kfintech.com
Sollfege Smart Electronics Ltd.
- Address
- Chandrakunj, 3 Pretoria Street, 3rd Floor, Unit No. B, Middleton Row, Kolkata, West Bengal 700071
- Phone
- 033 4602 0444
- cs@sollfege.com
- Website
- sollfege.com
Sollfege Smart Electronics IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is Sollfege Smart Electronics IPO?
Sollfege Smart Electronics IPO is a ₹21.78 Cr SME fixed price issue, entirely a fresh issue. The shares will list on BSE SME.
What is the issue price of Sollfege Smart Electronics IPO?
The issue price is ₹55 per equity share of face value ₹10.
What is the lot size of Sollfege Smart Electronics IPO?
The minimum lot is 2,000 shares. Individual investors must apply for exactly 2 lots (4,000 shares).
What is the minimum investment for Sollfege Smart Electronics IPO?
The minimum individual investment is ₹2,20,000 (4,000 shares at ₹55).
When does Sollfege Smart Electronics IPO open and close?
The IPO opens on Sep 30, 2026 and closes on Oct 5, 2026.
What is the allotment date of Sollfege Smart Electronics IPO?
The basis of allotment is finalised on Oct 6, 2026. Refunds and demat credit are expected on Oct 7, 2026.
When will Sollfege Smart Electronics IPO be listed?
The tentative listing date is Oct 8, 2026 on BSE SME.
What is Sollfege Smart Electronics IPO subscription status?
At the end of Day 3 (Oct 5 · 5:00 PM IST), the issue was subscribed 2.20× overall — Individual 2.00×.
What is the P/E ratio and valuation of Sollfege Smart Electronics IPO?
At the upper band, the P/E is 15.2× pre-issue and 25.1× post-issue, with a market cap of about ₹55.00 Cr.
Should I apply for Sollfege Smart Electronics IPO?
IPOSignal scores it 47/100 (Weak Signal), with data confidence Medium (60%). The company has run a profitable premium audio-video and smart-home business since 2012, with ~20% return on equity, moderate debt and a clear plan to use most of the money for new showrooms and working capital. Against that, revenue and profit have barely grown, borrowings and receivables are rising and the post-issue P/E of ~25× has no listed peers to support it. The issue closed 2.2× subscribed overall. The score describes the issue; it is research, not investment advice or a prediction of listing gains.
How to check Sollfege Smart Electronics IPO allotment status?
Check on the registrar Kfin Technologies Ltd.'s site (ipostatus.kfintech.com), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of Sollfege Smart Electronics IPO?
The registrar is Kfin Technologies Ltd.. The book-running lead manager is Finshore Management Services Ltd.. The market maker is MNM Stock Broking Pvt. Ltd..