Sollfege Smart Electronics IPO Opens Today; Price Fixed at Rs 55
Kolkata-based Sollfege Smart Electronics opened its initial public offering for subscription on Tuesday, aiming to raise Rs 21.78 crore through a fresh issue of 39.60 lakh shares priced at Rs 55 each.
The SME IPO will remain open until October 5, with listing proposed on the BSE SME platform around October 8. The market lot is 2,000 shares, requiring a minimum investment of Rs 2.20 lakh from retail investors.
The company, founded in 2012, makes premium audio, video and home automation products. It plans to use Rs 8.54 crore from the proceeds to open 12 new showrooms and Rs 9.67 crore for working capital, with the rest for general corporate purposes.
Its total income rose from Rs 12.74 crore in FY23 to Rs 21.28 crore in FY25, while profit after tax grew from Rs 36 lakh to Rs 2.13 crore in the same period. Finshore Management Services is the sole book-running lead manager.
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