Sollfege Smart Electronics IPO opens September 30, aims to raise Rs 21.78 crore

Sollfege Smart Electronics Limited, a company in the smart electronics and premium home entertainment segment, is launching its Initial Public Offering (IPO). The IPO will open for subscription on September 30, 2026 and close on October 5, 2026. Through the IPO, the company aims to raise a total of Rs 21.78 crore.

The IPO will involve the issue of 39,60,000 equity shares in total. Each share has a face value of Rs 10, while the issue price has been fixed at Rs 55 per equity share. The company's equity shares are proposed to be listed on the BSE SME platform. The full issue price will have to be paid at the time of application.

The IPO has a market lot of 2,000 equity shares. Retail investors will have to apply for a minimum of 2 lots, meaning a minimum investment of Rs 2.20 lakh.

For HNI investors, the minimum condition is 3 lots, requiring a minimum investment of Rs 3.30 lakh. Finshore Management Services Ltd. is the Book Running Lead Manager for the IPO, while Kfin Technologies Ltd. will act as the registrar.

A large part of the funds raised from the Sollfege Smart Electronics IPO will be used for the company's expansion. The company plans to spend Rs 8.54 crore on opening 12 new showrooms.

The company will also use Rs 9.67 crore to meet working capital requirements for its growing business. The remaining Rs 1.80 crore is planned for general corporate purposes.

The company said its financial performance has improved over the last three financial years. Its total revenue was Rs 12.74 crore in FY23, rising to Rs 19.84 crore in FY24 and Rs 21.28 crore in FY25.

EBITDA also rose from Rs 0.66 crore in FY23 to Rs 1.73 crore in FY24 and Rs 3.24 crore in FY25. Similarly, Profit After Tax (PAT) rose from Rs 0.36 crore to Rs 1.76 crore, and then to Rs 2.13 crore in FY25.

Sollfege Smart Electronics works in products such as home theatres, high-end audio, projectors and smart home automation. The company's focus is on offering customers premium audio-video and smart home solutions through an Experience Centre model.

According to the company, growing demand for smart and connected homes and the rising trend of premium home entertainment solutions are creating opportunities for expansion in this segment. After the IPO, the company aims to expand its retail network through 12 new showrooms.

The IPO date, price, issue size, lot size and use of funds have drawn attention to this SME IPO. However, investors should check the company's official IPO documents, risk factors and financial information before investing.