Sollfege Smart Electronics IPO
IPO Details
Bidding Dates
30 Sep '26 - 05 Oct '26
Minimum Investment
₹2,20,000/2 lots (4000 shares)
Price Range
₹55 per share
Maximum Investment
₹2,20,000/2 lots (4000 shares)
Retail Discount
N.A.
Issue Size
₹21.78 Cr
Investor category and sub category
Qualified Institutional Buyers (QIB) | Retail Individual Investors (RII) | Non-institutional Investors (NII)Sollfege Smart Electronics IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
30 Sept '26
IPO Closing Date
05 Oct '26
Basis of Allotment
06 Oct '26
Initiation of Refunds
07 Oct '26
IPO Listing Date
08 Oct '26
About Sollfege Smart Electronics IPO
Sollfege Smart Electronics IPO is a fixed issue price of ₹21.78 crores. The issue is entirely a fresh issue of 39.60 lakh shares of ₹21.78 crore.
Sollfege Smart Electronics IPO has set the final issue price at ₹55 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,20,000 for 4,000 shares, based on the upper price. The minimum lot size for investment by an HNI is 3 lots (6,000 shares), amounting to ₹3,30,000.
Finshore Management Services Limited is the book running lead manager, and Kfin Technologies Limited is the registrar of the issue.
About Sollfege Smart Electronics Limited
Incorporated in November 2012, Sollfege Smart Electronics Limited is a Kolkata, West Bengal-headquartered provider of premium audio, video, home automation, smart living, lifestyle, and wellness solutions. The Company is engaged in the distribution, integration, and implementation of technologically advanced, design-focused solutions for high-end residential, commercial, and institutional spaces. Its offerings include premium audio systems, displays and projectors, home automation, smart lighting and climate-control systems, lifestyle and wellness products, and networking, security and surveillance solutions.
Sollfege Smart Electronics operates its registered and corporate office in Kolkata, West Bengal, and currently operates three showrooms in Kolkata, Gurgaon, and Bhubaneswar, with dedicated Experience Centres in Kolkata and Gurgaon. The Company follows an “experience before purchase” model, combining product distribution with solution design, system integration, installation, and after-sales support. It works with global OEM brands and national distributors to procure premium products and caters to retail customers as well as residential, commercial, and institutional projects through both online and offline channels.
The Company originally began with the distribution of high-end audio and video equipment and has subsequently expanded into smart home automation, lifestyle electronics, and wellness solutions, evolving into an integrated technology solutions provider. As of March 2026, the Company had 28 employees, including 2 Executive Directors, 2 Key Managerial Personnel, 3 employees in Accounts, 9 in Sales & Marketing, 2 in Technical/Operations, and 10 in Service.
Industry Outlook
- India’s consumer durables market is expected to maintain strong growth, with the sector projected to grow at an 11% CAGR and reach around ₹3 lakh crore (US$33.6 billion) by FY29, supported by rising affluence, higher household penetration, premiumisation, and demand for smart, energy-efficient products.
- The shift from unorganised to organised players presents a significant growth opportunity. The DRHP estimates that around 30% of the Indian consumer durables industry remains unorganised, while increasing consumer awareness and adoption of smart technologies are supporting the organised segment.
- India is emerging as a major global electronics manufacturing hub. The country has set a target of achieving US$300 billion in electronics manufacturing and US$120 billion in electronics exports by FY26. Electronic goods exports increased 37.9% to US$26.29 billion during April–October FY26, compared with US$19.07 billion in the corresponding period.
- Premium audio and connected-device demand is expanding. India’s headphones market was estimated at ₹22,433 crore (US$2.56 billion) in 2025, with an expected 2.45% CAGR during 2025–30. This is relevant to Sollfege’s premium audio and smart-living portfolio.
- Government policy and investment are strengthening the electronics ecosystem. Between April 2000 and June 2025, electronic goods attracted ₹52,712 crore (US$7.22 billion) in FDI. Further, the PLI scheme for white goods had an outlay of ₹6,238 crore, with 83 approved applicants committing around ₹10,400 crore as of October 2025.
- Rising penetration beyond metropolitan markets is expected to broaden demand. The company identifies improving electrification, better power supply, rising disposable incomes, and growing demand in Tier-3 and Tier-4 cities as key drivers of the next phase of consumer-durables growth.
Sollfege Smart Electronics IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Towards funding capital expenditure for the expansion of our Retail Network by launching 12 new Showrooms.
- Towards funding working capital requirements.
- Towards general corporate expenses.
Financial Performance of Sollfege Smart Electronics Limited
| Particulars | 7 months ended on October 2025 | FY25 | FY24 |
| Revenue from operations (₹ in Cr) | 10.74 | 21.01 | 18.53 |
| EBITDA (₹ in Cr) | 1.94 | 3.24 | 1.73 |
| EBITDA Margin (%) | 18.04% | 15.43% | 9.35% |
| PAT (₹ in Cr) | 1.05 | 2.13 | 1.76 |
| PAT Margin (%) | 9.74% | 9.99% | 8.87% |
| Net Worth / Total Equity (₹ in Cr) | 10.47 | 9.43 | 3.75 |
| RoNW / ROE (%) | 10.00% | 22.56% | 46.90% |
| RoCE (%) | 12.64% | 27.79% | 54.65% |
Sollfege Smart Electronics Limited Peer Details Comparison
As per the RHP, none of the listed companies in India offers products or services across the various business segments in which Sollfege operates, and therefore a strict comparison is not possible.
Strengths and Opportunities of Sollfege Smart Electronics IPO
Sollfege has established long-term associations with global brands such as Bose, Yamaha, Panasonic, Lutron, Sonos, Devialet, Focal, Epson and LG, providing access to premium products, technical support, training and marketing resources.
The company offers end-to-end integrated solutions across audio, video, home automation, lighting, security, climate control, networking and lifestyle/wellness, covering design, procurement, installation, testing, commissioning and after-sales support.
Sollfege plans to establish 12 new showrooms across West Bengal (10), Assam (1) and Haryana (1), with an estimated setup cost of ₹8.54 crore. The company has obtained Letters of Intent for all 12 proposed locations.
Revenue from operations increased from ₹12.62 crore in FY23 to ₹21.01 crore in FY25, while EBITDA rose from ₹0.66 crore to ₹3.24 crore and PAT from ₹0.36 crore to ₹2.13 crore. EBITDA margin improved from 5.24% to 15.43% during the period.
Its “experience before purchase” model through Experience Centres in Kolkata and Gurgaon, along with relationships with architects, interior designers, builders and developers, provides opportunities to expand premium product adoption and project-based sales. The planned showroom expansion and digital initiatives can further widen its market reach.
Risks and Threats of Sollfege Smart Electronics IPO
The company is dependent on a concentrated supplier base. Purchases from the top 10 suppliers accounted for 88.81% of total purchases in the seven months ended October 31, 2025, with the top supplier alone contributing 52.71%. Any supply disruption or delay could affect product availability and revenues.
Sollfege has significant working capital and inventory requirements. Net working capital increased from ₹7.95 crore in FY25 to ₹12.19 crore as of October 31, 2025, while the company expects its working capital requirement to reach ₹27.06 crore by FY27. Excess inventory also exposes the company to technological obsolescence and price reductions.
The company faces dependence on a limited number of brands and customers. Its top five brands contributed 47.35% of revenue from product sales during the seven months ended October 31, 2025. Loss of a significant brand relationship could adversely affect sales and profitability.
Competition from online retailers and changing technology could pressure the business. Online players can offer a wider product range at competitive prices, while rapid technological advancement and emergence of alternative products could make existing inventory or offerings less attractive.
The company faces customer concentration and payment-related risks. Trade receivables increased to ₹12.00 crore as of October 31, 2025, from ₹7.91 crore in FY25, and delays or defaults in customer payments could increase working capital requirements and adversely affect operating cash flows.
Sollfege Smart Electronics IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 25% of the Net Issue |
| Retail Shares Offered | Not less than 52.50% of the Net Issue |
| NII Shares Offered | Not less than 22.50% of the Net Issue |
Sollfege Smart Electronics IPO Promoter Holding
The promoter of the company is Umesh Kumar Agarwal.
Share Holding Pre-Issue | 99.97% |
Share Holding Post Issue | 60.38% |
Sollfege Smart Electronics IPO Prospectus
Sollfege Smart Electronics IPO Registrar and Lead Managers
Sollfege Smart Electronics IPO Lead Managers
Finshore Management Services Limited
Registrar for Sollfege Smart Electronics IPO
Kfin Technologies Limited
Contact Number: +91 40 6716 2222
Email Address: einward.ris@kfintech.com
How To Apply for Sollfege Smart Electronics IPO Online?
Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Sollfege Smart Electronics IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of the Sollfege Smart Electronics IPO?
Steps to check IPO allotment status on Angel One’s app:
Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.
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Contact Details of Sollfege Smart Electronics IPO
Registered Office: Chandrakunj, 3 Pretoria Street, 3rd Floor, Unit No. B, Middleton Row, Kolkata - 700071, West Bengal, India.
Phone: (033) 4602 0444
E-mail: cs@sollfege.com
- How to Apply in IPO
- How to Check IPO Allotment Status
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Sollfege Smart Electronics IPO FAQs
What minimum lot size can retail investors subscribe to?
Retail investors can apply for a minimum of two lots, comprising 4000 equity shares. At the fixed price of ₹55 per share, the minimum investment required is ₹2,20,000.
When will the Sollfege Smart Electronics IPO be allotted?
The basis of allotment date for Sollfege Smart Electronics is expected to be finalised on October 6, 2026.
How to increase your chances of getting a Sollfege Smart Electronics IPO allotment?
Multiple Submissions: Use different Demat accounts belonging to different eligible applicants to make separate applications.
Price Bidding: Opt for bidding at the cut-off price or the upper price band to avoid the application being rejected due to a lower bid.
Timely Subscription: Ensure you submit your IPO application within the specified subscription period and complete the required application process before the deadline.
Application Details: Check your PAN, Demat account, bank account and UPI details carefully before submitting the application to avoid rejection due to errors.
How do I approve the UPI mandate request for the Sollfege Smart Electronics IPO?
After submitting your IPO application, you will receive a UPI mandate request in your chosen UPI app. Review the details and approve the mandate before the specified deadline to complete your application.
Can I submit more than one application for the public issue of Sollfege Smart Electronics Limited using one PAN?
No, you should not submit multiple IPO applications using the same PAN under the same investor category. Multiple applications with the same PAN may be rejected as invalid during the allotment process.
What is 'pre-apply' for Sollfege Smart Electronics Limited IPO?
Pre-apply allows investors to submit their IPO application before the public issue officially opens for subscription. The application is saved in advance and is processed when the IPO opens.
If I pre-apply for the Sollfege Smart Electronics Limited IPO, when will my order get placed?
Pre-apply allows investors to apply for the Sollfege Smart Electronics Limited IPO two days before the subscription period opens on Oct 6, 2026, ensuring an early submission of your application.
When will I know if my Sollfege Smart Electronics Limited IPO order is placed?
You will receive a confirmation once your IPO order has been successfully placed on the exchange. You will also receive notifications through your email and SMS.
Where is the Sollfege Smart Electronics Limited IPO getting listed?
The Sollfege Smart Electronics Limited IPO is proposed to be listed on the BSE SME platform. The listing date is October 8, 2026.
