Sollfege Smart Electronics IPO

Listed SME
Min Investment
₹2,20,000
4000 Shares
Min Investment
₹2,20,000 · 4000 Shares
Open Sept 30
Close Oct 05
Allotment Oct 06
Refund Oct 07
Demat Oct 07
Listing Oct 08
Price Band ₹55
Lot Size 2000 shares
Issue Size ₹22 Cr
Listed At ₹104.40 +89.8%
Subscribed 2.2×
Listed On BSE SME
Listing Price
₹104.40 (+89.82%)
vs issue price
Current Price (BSE)
₹76.76 (+39.56%)
as of 15 Oct, 10:29 am IST

Market Sentiment

Grey Market Premium What is GMP?
+₹10
+18.2% ▼ ₹0 since last update
Est. listing ₹65
Issue price ₹55
GMP range —
Updated 07 Oct, 7:21 pm IST Unofficial grey-market data
GMP estimate ₹65
Actual listing ₹104.4
Listed above the GMP estimate by ₹39.4 (+60.6%)
Subscription Status
NII
2.39x
Retail
2.00x
Total
2.20x
Updated: Oct 05, 2026 5:59 pm IST
Applications 995
Total demand ₹45.41 Cr
Analysis Score 48 / 100
Mixed Signals
Data: 100%
GMP Score 60
Subscription Score 25
Valuation Score 60
Financial Health 51
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹55 per equity share
Face Value₹10 Per Equity Share
Lot Size 2000 shares (Min 2 lots · ₹2,20,000)
Total Issue Size ₹21.78 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeFixed Price Issue
Lead Manager Finshore Management Services Ltd.
Registrar Kfin Technologies Ltd.
PromotersUmesh Kumar Agarwal
Listing atBSE SME
BSE Code544977
ISININE17HG01015
Listing Price₹104.40
Listing Gain+89.82%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 4,000 ₹2,20,000
Retail Maximum 2 4,000 ₹2,20,000
S-HNI Minimum 3 6,000 ₹3,30,000
Budget to Lots Calculator ▼
₹

IPO Reservation

Category Shares Offered Shares %
NII (HNI)18,80,00050.00%
Retail18,80,00050.00%
Total37,60,000

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

EPS (Pre)
₹3.63
P/E (Pre)
15.16x
ROE
18.86%
ROCE
23.57%
RoNW
18.86%
EBITDA Margin
18.02%
Debt/Equity
0.60
NAV/Share
₹19.24
Revenue Growth
4.42%
Profit Margin
9.86%

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
Values in Crores (₹)

Strengths & Risks

Strengths
  • Solid profit margin — 9.9%.
  • Strong return on equity — 19%.
Risks & Concerns
  • Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Sollfege Smart Electronics

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. Over the years, the company has transformed from a traditional audio-video distributor into a provider of a wide range of technology solutions. Its product portfolio includes home theatre systems, audio solutions, video solutions, smart home automation, lighting control, climate control, lifestyle electronics, and connected living solutions. Moreover, Sollfege also gives its customers a real-life experience of its products before they purchase them. The company maintains a strong relationship with globally recognized brands, national distributors, architects, interior designers, builders, and project partners to strengthen its market presence.

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.

Frequently Asked Questions

The issue price of Sollfege Smart Electronics IPO is fixed at Rs 55 per share. Face value is Rs 10 per share.

The total issue size of Sollfege Smart Electronics IPO is Rs 22 crore, comprising fresh issue of Rs 22 crore.

The lot size of Sollfege Smart Electronics IPO is 2,000 shares. The minimum application is 2 lots (4,000 shares), requiring an investment of Rs 2,20,000.

Sollfege Smart Electronics IPO opens for subscription on September 30, 2026 and closes on October 05, 2026.

The expected allotment date for Sollfege Smart Electronics IPO is October 06, 2026. Refunds for unsuccessful applicants are expected on October 07, 2026. Shares are scheduled to be credited to demat accounts on October 07, 2026.

Sollfege Smart Electronics IPO is scheduled to list on October 08, 2026 on BSE. BSE script code: 544977, ISIN: INE17HG01015.

The last GMP (Grey Market Premium) recorded for Sollfege Smart Electronics IPO before listing was +Rs 10 (+18.2% over issue price). The shares actually listed at Rs 104.4 (+89.82% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Sollfege Smart Electronics IPO was subscribed 2.20 times overall by the close of bidding — retail at 2.00x, NII at 2.39x.

Based on the final retail subscription of 2.00x for Sollfege Smart Electronics IPO, the estimated retail allotment probability is approximately 57.0%. This is a high probability of allotment.

The registrar for Sollfege Smart Electronics IPO is Kfin Technologies Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Sollfege Smart Electronics IPO are Finshore Management Services Ltd.

The promoter(s) of Sollfege Smart Electronics are Umesh Kumar Agarwal.

Sollfege Smart Electronics IPO GMP — What It Means

GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. 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.

Related IPO

Same sector or same stage as Sollfege Smart Electronics
0 Comments

No comments yet. Be the first to share your opinion!

GMPUpdate