Sollfege Smart Electronics IPO
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Sollfege Smart Electronics IPO details
Schedule of Sollfege Smart Electronics
| Issue open date | 30 Sep 2026 |
| Issue close date | 05 Oct 2026 |
| UPI mandate deadline | 05 Oct 2026 (5 PM) |
| Allotment finalization | 06 Oct 2026 |
| Refund initiation | 07 Oct 2026 |
| Share credit | 07 Oct 2026 |
| Listing date | 08 Oct 2026 |
| Mandate end date | 20 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 04 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sollfege Smart Electronics
Sollfege Smart Electronics operates as a distributor and retailer of premium electronic products, trading across three core business segments: audio solutions, video solutions, and smart living solutions. The company generates the majority of its revenue from trading activities by sourcing high-end consumer electronics from third-party global and domestic suppliers and selling them through retail showrooms and experience centres. Its audio portfolio includes high-end speakers, home theatre systems, soundbars, and wireless speakers. The video segment offers premium projectors, televisions, and video wall systems. The smart living segment encompasses home automation systems, lifestyle and wellness equipment, as well as networking, security, and surveillance products such as smart locks, video door phones, and closed-circuit television systems. Additionally, the business provides customer support and ancillary services related to product installation and system integration. The company caters to both retail consumers and commercial clients seeking premium tech offerings.
Financials of Sollfege Smart Electronics
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 21.78 |
| Fresh Issue – Proceeds go to the company | 21.78 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Capital expenditure for launching 12 new retail showrooms |
8.54 (39.21%) |
| Working Capital Requirement | 9.67 (44.40%) |
| General Corporate Purposes | 1.8 (8.26%) |
| Issue-related expenses | 1.76 (8.13%) |
Strengths
- Comprehensive product portfolio across audio, video, and smart living solutions.
- Established presence with experiential retail showrooms in strategic markets.
- Strong relationships with prominent global and domestic electronic brands.
- Customer-centric business model featuring live product demonstrations.
- Experienced promoter and key management team with deep industry knowledge.
Risks
- Over 90% of revenue is heavily concentrated in West Bengal.
- Entirely dependent on third-party suppliers for all products.
- High revenue reliance on top five brands and key customers.
- History of delayed statutory and regulatory compliance filings.
- Working capital-intensive business vulnerable to inventory risks.