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Sollfege Smart Electronics Ltd
TradingIPOSME
₹55 - 55
Sollfege Smart Electronics Limited operates in the premium segment of audio, video, home automation, smart living, lifestyle, and wellness solutions in India. The Company is engaged in the distribution, integration, and implementation of technologically advanced, design-focused solutions tailored for high-end residential, commercial, and institutional spaces. Its offerings are aimed at customers who value seamless technology integration, superior performance, and refined living experiences.
Lot2,000Min Invest₹2,20,000Face Value₹10Issue Size₹22 CrFresh Issue₹22 CrListing Price₹104CMP₹69
Timeline
30 Sept
Bidding opens
5 Oct
Bidding closes
6 Oct
Allotment
7 Oct
Refund & demat credit
8 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹22 Cr0.40 Cr shares
Fresh Issue₹22 Cr
Face Value₹10
Lot Size2,000 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,20,0001-1 lots
sNII₹2,20,000from 2 lots
bNII₹11,00,000from 10 lots
Managers & Registrar
Lead ManagerFinshore Management Services Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.97%60.38%Public0.03%39.62%
Objects of the Issue
- Funding Capital Expenditure for expansion of the Retail Network by launching 12 new Showrooms
- Working Capital Requirements
- General Corporate Expenses
Anchor Book
30-day lock-in04-Nov-202690-day lock-in03-Jan-2027
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 13 | 19 | 21 | 22 |
| Operating ProfitCr | 1 | 2 | 3 | 4 |
| OPM% | 5.2 | 9.8 | 15.4 | 18.0 |
| PBTCr | 1 | 3 | 3 | 3 |
| PATCr | 0 | 2 | 2 | 2 |
| EPS | - | 17 | 19 | 4 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | - | 1 | 2 | 6 |
| ReservesCr | - | 3 | 8 | 6 |
| BorrowingsCr | - | 3 | 4 | 7 |
| Total AssetsCr | - | 12 | 25 | 30 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 0 | 1 | -1 |
| Investing Cash FlowCr | -1 | 0 | -5 | 0 |
| Financing Cash FlowCr | 0 | 1 | 4 | 1 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Strategies · as stated in the DRHP
- Experience-Driven Selling Model.
- Project-Based Market Penetration.
- Strategic Partnerships with Global Brands.
- Digital Expansion.
- Marketing and Promotional Activities.
Risks · as stated in the DRHP
- The Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company's business operations are majorly concentrated in West Bengal as the company generates majority of its retail sales from the company's store in West Bengal. Any adverse developments affecting its operations in West Bengal could have an adverse impact on the company's revenue and results of operations.
- A large part of the company's revenue is dependent on its top five brands. The loss of any of the company's major brands or a decrease in the supply or volume from such brands, will materially and adversely affect its revenues and profitability.
- There are certain instances of delays in the past with ROC/Statutory Authorities due to historical compliance matters, administrative oversight, reconciliation issues, delays in collating requisite information and documents for filing purposes. Any future regulatory action, penalties or adverse orders in relation to such delays may adversely affect the company's business, financial condition and results of operations.
- There are certain instances of delays in the past with ROC/Statutory Authorities due to historical compliance matters, administrative oversight, reconciliation issues, delays in collating requisite information and documents for filing purposes. Any future regulatory action, penalties or adverse orders in relation to such delays may adversely affect the company's business, financial condition and results of operations.
- Past regulatory non-compliances by its Group Company resulted in the freezing of the company's Promoter's demat account and shareholding, and any future regulatory non-compliance may adversely affect its reputation, investor confidence, business operations and financial condition.