Sollfege Smart Electronics IPO
Sollfege Smart Electronics IPO Listing Day Performance
Sollfege Smart Electronics listed on BSE SME on 08 October 2026 at ₹104.40, a 89.82% premium over the issue price of ₹55. A retail investor allotted the minimum application of 4,000 shares (2 lots) gained ₹1,97,600 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹10 (+18.2%) |
| GMP-implied listing | ₹65 |
| Actual listing | ₹104.40 |
| Difference | +₹39.4 (+60.6%) |
Demand going into listing
| Subscribed overall | 2.2× |
| NII | 2.39× |
| Retail | 2× |
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 | Final |
|---|---|---|---|---|
| NII | 2.11x | 2.22x | 2.22x | 2.39x |
| Retail | 0.01x | 1.59x | 1.59x | 2.00x |
| Total | 1.06x | 1.91x | 1.91x | 2.20x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 19.84 | 21.28 | 22.22 |
| Expense | 17.23 | 18.41 | 19.25 |
| Profit (PAT) | 1.76 | 2.13 | 2.19 |
| Total Assets | 12.30 | 24.83 | 30.37 |
Strengths & Risks
- Solid profit margin — 9.9%.
- Strong return on equity — 19%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
From this issue's live data. Not investment advice — read the RHP.
Company Information
Sollfege Smart Electronics at a glance
From the company's description: “Founded in 2012, Sollfege Smart Electronics provides premium technology solutions such as audio, video, home automation, smart living, lifestyle electronics, and wellness solutions to make your home/buildings smarter and more luxurious.”
Sollfege Smart Electronics is raising ₹21.78 crore through an IPO on the BSE SME. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: Working Capital Requirements (₹9.67 crore), Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms (₹8.54 crore) and General Corporate Expenses (₹1.8 crore).
Revenue went from ₹19.84 crore in 2024 to ₹22.22 crore in 2026, up 12% over 2 years. Profit after tax went from ₹1.76 crore to ₹2.19 crore, a net margin of 9.9% in the latest year.
Debt stands at 0.6 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
Sollfege Smart Electronics Ltd., Chandrakunj, 3 Pretoria Street, 3rd Floor, Unit No. B, Middleton Row, Kolkata, West Bengal, 700071
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms | 8.54 |
| Working Capital Requirements | 9.67 |
| General Corporate Expenses | 1.80 |
Resources & Documents
Sollfege Smart Electronics IPO - Quick Take
Sollfege Smart Electronics has fixed the issue price at Rs 55 per share for an issue size of Rs 22 crore. The stock listed with a 89.82% gain versus its issue price on October 08, 2026.
The issue is promoted by Umesh Kumar Agarwal with Finshore Management Services Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms (Rs 9 crore) and working Capital Requirements (Rs 10 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 15.16x. On fundamentals, the company is posting revenue growth of 4.4%, a profit margin of 9.9%, return on equity of 18.9% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Sollfege Smart Electronics IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out Sollfege Smart Electronics itself, so they describe what came before it.
- Sollfege Smart Electronics listed at +89.8% on day one; the median of 193 listings was +1.5% (better than 93% of them).
- Subscribed 2.2x against a median of 4.03x across 192 issues (higher than 36%).
- Average listing-day move across all 194 SME listings we track: +11.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Finshore Management Services Ltd. Lead manager | 7 0 MB · 7 SME | 43% 3 of 7 | −3.4% | −3.9% |
| Kfin Technologies Ltd. Registrar | 99 55 MB · 44 SME | 81% 78 of 96 | Check allotment → | |
Recent listings managed by Finshore Management Services Ltd. (5)
Best: Grover Jewells +9.1% · Weakest: Himalayan Solar −17.5%
| IPO | Listed | Listing-day move |
|---|---|---|
| Himalayan Solar | 05 Oct 2026 | −17.5% |
| Dudani Retail | 05 Oct 2026 | −13.8% |
| Skytech Infinite Platform | 21 Aug 2026 | −3.9% |
| Sampark India Logistics | 07 Jul 2026 | +6% |
| Leapfrog Engineering | 24 Jun 2026 | −4.4% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
Sollfege Smart Electronics IPO GMP — What It Means
Its last GMP before listing was 18.2%. Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above, 3 flat and 2 below the issue price; Sollfege Smart Electronics listed 89.8% above its issue price.
See the full Sollfege Smart Electronics GMP history and trend, or learn how grey market premium works and how reliable it is.
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