Sollfege Smart Electronics Heads To Dalal Street, Rs 21.78 Crore IPO Fuels Expansion
Mumbai: Kolkata-based Sollfege Smart Electronics Limited is set to launch its Rs 21.78 crore initial public offering (IPO) on September 30, as the company looks to expand its retail footprint and strengthen working capital. The SME public issue will close on October 5, 2026, with the equity shares proposed to be listed on the BSE SME platform. IPO Priced At Rs 55 Sollfege will offer 39.60 lakh…
Mumbai: Sollfege Smart Electronics Limited is set to launch an IPO on September 30, 2026, with the aim of expanding its retail presence and bolstering working capital. The company plans to issue 39.60 lakh equity shares at a price of Rs 55 per share, raising Rs 21.78 crore. Investors will need to apply in multiples of 2,000 shares, with HNI investors required to invest a minimum of Rs 3.30 lakh.
A significant portion of the proceeds will be used to open 12 new showrooms, totaling Rs 8.54 crore. This expansion is expected to enhance customer reach and fortify the company's position in the premium home entertainment sector. Additional funds of Rs 9.67 crore will be allocated to working capital needs, while Rs 1.80 crore will be used for general corporate purposes.
Sollfege operates in the smart electronics sector, providing high-end audio, video, home theatre, projector and smart home automation solutions through an Experience Centre model. The company has demonstrated consistent growth over the past three fiscal years, with revenue increasing from Rs 12.74 crore in FY23 to Rs 21.28 crore in FY25.
EBITDA also rose from Rs 0.66 crore to Rs 3.24 crore, and profit after tax grew from Rs 0.36 crore to Rs 2.13 crore. The IPO is expected to capitalize on the expanding demand for premium home entertainment and connected-living solutions.
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