| Price | 55 |
|---|---|
| GMP Rumors | ₹0 |
| Lot size | 2000 |
| Issue size | ₹21.78 Cr |
| Allotment | 06-10-2026 |
| Refund | 07-10-2026 |
| Listing | 08-10-2026 |
| Stars |
★☆☆☆☆ |
| ISIN | INE17HG01015 |
| Allotment Status | Kfintech |
| Video |  |
BSE List Price : ₹104.40
| Category | Times |
|---|---|
| QIBs | 0.00x |
| HNIs | 0.45x |
| Retail | 2x |
| Total : 2.20x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹220,000 |
| Retail Maximum | 2 | 4,000 | ₹220,000 |
| S - HNI Minimum | 3 | 6,000 | ₹330,000 |
Sollfege Smart Electronics Limited, incorporated in 2012 and headquartered in Kolkata, operates in the premium consumer electronics and smart-living segment. The company provides technology solutions across audio-video, home automation, smart living, lifestyle electronics and wellness products.
Business Model: The company primarily follows a trading, retail and solution-integration model. It sources products from external brands and provides consultation, system design, procurement, installation, testing, commissioning and after-sales support.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹19.84 | ₹17.23 | ₹1.76 | ₹12.30 |
| 2025 | ₹21.28 | ₹18.41 | ₹2.13 | ₹24.83 |
| Oct 2025 | ₹10.76 | ₹9.33 | ₹1.05 | ₹31.71 |
Umesh Kumar Agarwal
Premium Product Portfolio: The company operates across premium audio, video, home automation and smart-living solutions, allowing it to serve customers looking for integrated technology solutions.
End-to-End Solutions: Provides services covering consultation, design, procurement, installation, testing, commissioning and after-sales support.
Established Brand Relationships: The company has relationships with global brands, national distributors, builders and project partners, supporting its product sourcing and project execution.
Multiple Customer Segments: Serves residential, commercial, hospitality and institutional customers.
Expansion Opportunity: IPO proceeds are planned to support the launch of 12 new showrooms, expanding its retail network.
Financial Growth: Revenue increased from 19.84 crore in FY24 to 22.22 crore in FY26, while PAT increased from 1.76 crore to 2.19 crore during the same period.
West Bengal Concentration: West Bengal contributed 90.72% of revenue from operations in FY26, creating significant geographical concentration risk.
Brand Concentration: The top five brands contributed 41.27% of turnover in FY26, creating dependence on a limited number of brands.
Supplier Concentration: The top five suppliers accounted for 80.51% of purchases, while the largest supplier alone contributed 59.01% in FY26.
Customer Concentration: The top five customers contributed 60.58% of product-sales revenue in FY26, with the largest customer contributing 24.94%.
Premium Product Demand: Demand for premium electronics can be affected by discretionary consumer spending, economic conditions and changing consumer preferences.
Technology & Competition: Rapid technological changes, e-commerce competition and changing consumer trends may put pressure on sales, pricing and margins.
Regulatory & Compliance Matters: The offer documents disclose historical compliance matters and pending proceedings, which could result in financial or regulatory consequences.
Retail Network Expansion: 8.54 crore for launching 12 new showrooms.
Working Capital: 9.67 crore to meet working capital requirements.
General Corporate Purposes: 1.80 crore for general corporate requirements.
Issue Expenses: Approximately 1.76 crore towards issue-related expenses.
Sollfege Smart Electronics Ltd.
Chandrakunj, 3 Pretoria Street
3rd Floor, Unit No. B, Middleton Row
Kolkata, West Bengal, 700071
Phone: 033 4602 0444
Email: cs@sollfege.com
Website: https://sollfege.com/
Kfin Technologies Ltd.
Phone: 040-79615565
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/