Sollfege Smart Electronics IPO to raise ₹21.7 cr, open on Sep 30
Shares to be listed on the BSE SME platform with a tentative listing date of October 8
Sollfege Smart Electronics, a Kolkata-based company specializing in premium audio, video, and home automation solutions, plans to raise ₹21.78 crore through an initial public offering (IPO) to fund its retail network expansion. The IPO will open for subscription on September 30 and conclude on October 5, with shares listed on the BSE SME platform on October 8.
The public offer is a fresh issue of up to 39.60 lakh equity shares priced at ₹55 per share, aggregating to ₹21.78 crore. The net proceeds from the issue will be used to fund working capital requirements, accelerate the expansion of its retail network by launching 12 new showrooms, and for general corporate purposes. This expansion aims to strengthen Sollfege's market presence, enhance customer experience, and build the company as a trusted name in premium home entertainment and smart living solutions.
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