Sollfege Smart Electronics IPO to Open Sept 30; Aims to Raise Rs 21.78 Crore
Kolkata-based Sollfege Smart Electronics to launch a Rs 21.78 crore IPO on Sept 30 to fund 12 new showrooms and expand its smart home retail network.
Kolkata-based smart electronics player, Sollfege Smart Electronics Limited, has officially announced its upcoming Initial Public Offering (IPO). The company plans to raise a total of Rs 21.78 crore through this public issue, which is scheduled to open for subscription on Wednesday, September 30, 2026, and will remain open until Monday, October 5, 2026.
The equity shares of the company are proposed to be listed on the BSE SME platform. The offering consists of 39,60,000 equity shares with a face value of Rs 10 each, priced at an issue price of Rs 55 per share.
Strategic Use of IPO Funds
Sollfege Smart Electronics intends to utilize the capital raised from the IPO to fuel its aggressive growth and expansion strategy. The company has outlined a clear roadmap for the deployment of funds:
- Retail Expansion: Approximately Rs 8.54 crore will be dedicated to the launch of 12 new showrooms, aimed at strengthening the company's retail footprint and customer reach.
- Operational Support: Around Rs 9.67 crore is earmarked to meet working capital requirements to support its scaling operations.
- Corporate Growth: The remaining Rs 1.80 crore will be used for general corporate purposes to facilitate broader business needs.
Subscription Details and Lot Sizes
Investors looking to participate in the issue should note the following application requirements:
- The full issue price of Rs 55 per equity share is payable at the time of application.
- The market lot for the issue is set at 2,000 equity shares.
- Retail Investors must apply for a minimum of two lots, totaling Rs 2.20 lakh.
- HNI Investors are required to apply for a minimum of three lots, amounting to Rs 3.30 lakh.
Finshore Management Services Ltd. will serve as the Book Running Lead Manager, while Kfin Technologies Ltd. has been appointed as the Registrar to the Issue.
Strong Financial Trajectory
The company has reported a consistent upward trend in its financial performance over the last three fiscal years. This growth is reflected in its rising revenue and profitability metrics:
- Total Income: Increased from Rs 12.74 crore in FY23 to Rs 19.84 crore in FY24, reaching Rs 21.28 crore in FY25.
- EBITDA: Saw a sharp rise from Rs 0.66 crore in FY23 to Rs 1.73 crore in FY24, and further to Rs 3.24 crore in FY25.
- Profit After Tax (PAT): Climbed from Rs 0.36 crore in FY23 to Rs 1.76 crore in FY24, and reached Rs 2.13 crore in FY25.
"Over the years, Sollfege has built its presence by bringing premium audio, video and smart home automation solutions closer to customers through a curated product portfolio and our Experience Centre led approach," said Mr. Umesh Kumar Agarwal, Managing Director of Sollfege Smart Electronics Limited. He added that the company is focused on strengthening its market presence and building a trusted brand in the premium home entertainment and smart living segment.
With an established model involving Experience Centres and a portfolio that includes home theatres, high-end audio, projectors, and smart automation, the company aims to capitalize on the increasing consumer demand for connected living spaces.