Sollfege Smart Electronics IPO to Open on September 30; Company to Raise Rs 21.78 Crore

Sollfege Smart Electronics Limited is set to open its Initial Public Offering (IPO) on September 30, 2026, with the issue scheduled to close on October 5, 2026. The Kolkata-based company is aiming to raise Rs 21.78 crore through the IPO, with its Equity Shares proposed to be listed on the BSE SME platform.

The IPO comprises an offer of 39,60,000 Equity Shares with a face value of Rs 10 each at an issue price of Rs 55 per Equity Share. The entire issue price of Rs 55 per Equity Share is payable at the time of application. The market lot comprises 2,000 Equity Shares, while retail investors are required to apply for a minimum of two lots, involving an investment of 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. is the Book Running Lead Manager to the issue, while Kfin Technologies Ltd. is the Registrar to the issue.

The company plans to deploy the IPO proceeds towards expanding its retail network, meeting working capital requirements and general corporate purposes. It has earmarked Rs 8.54 crore for launching 12 new showrooms, which is expected to expand its retail presence and customer reach. Another Rs 9.67 crore will be utilised for working capital requirements to support its growing operations, while the remaining Rs 1.80 crore is planned for general corporate expenses.

Commenting on the IPO, Mr. Umesh Kumar Agarwal, Managing Director, Sollfege Smart Electronics Limited, said the company has built its presence by bringing premium audio, video and smart home automation solutions closer to customers through a curated product portfolio and its Experience Centre-led approach. He said the company sees opportunities from growing interest in premium home entertainment and connected living, and will focus on strengthening its market presence, enhancing customer experience and building Sollfege as a trusted name in premium home entertainment and smart living solutions.

Sollfege Smart Electronics has reported an improvement in its financial performance over the last three financial years. Total income increased from Rs 12.74 crore in FY23 to Rs 19.84 crore in FY24 and further to Rs 21.28 crore in FY25. EBITDA increased from Rs 0.66 crore in FY23 to Rs 1.73 crore in FY24 and Rs 3.24 crore in FY25.

Profit After Tax (PAT) rose from Rs 0.36 crore in FY23 to Rs 1.76 crore in FY24 and further to Rs 2.13 crore in FY25. The company said its FY25 performance reflected an improvement in operating profitability, supported by higher EBITDA and PAT as it continued to scale its business.

Sollfege operates in the premium audio, video and home automation segment. Established in 2012, the company initially focused on premium audio and video accessories before expanding its portfolio to home theatre systems, high-end audio, projectors, speakers and smart home automation solutions.

The company has also developed Experience Centres across select cities, allowing customers to explore and experience its products and solutions. As consumers increasingly seek enhanced home entertainment experiences and connected living spaces, Sollfege aims to expand its retail footprint, strengthen customer reach and build on its existing capabilities in premium home entertainment and smart living solutions.

Disclaimer: The article is for informational purposes only and not investment advice.