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Sollfege Smart Electronics to Launch Rs 21.7 Crore IPO on September 30
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News18•26-09-2026, 21:15
Sollfege Smart Electronics to Launch Rs 21.7 Crore IPO on September 30
- •Kolkata-based Sollfege Smart Electronics aims to raise Rs 21.78 crore through an initial public offering to fund its retail network expansion.
- •The IPO will open for subscription on September 30 and close on October 5, with shares listing on the BSE SME platform around October 8.
- •The public offer is a fresh issue of 39.60 lakh equity shares, priced at Rs 55 per share.
- •Net proceeds will be used for working capital requirements (Rs 9.67 crore) and to launch 12 new showrooms (Rs 8.54 crore) to accelerate retail expansion.
- •Sollfege Smart Electronics, established in 2012, specializes in premium audio, video, and home automation solutions, with significant growth in income and profit after tax from FY23 to FY25.
Key Questions Answered
Sollfege Smart Electronics aims to raise Rs 21.78 crore through its initial public offering, consisting of a fresh issue of up to 39.60 lakh equity shares priced at Rs 55 per share.
The initial public offering will open for subscription on September 30, close on October 5, and is tentatively scheduled to list on the BSE SME platform on October 8.
The company plans to use around Rs 9.67 crore for working capital requirements, Rs 8.54 crore to open 12 new showrooms for retail network expansion, and Rs 1.80 crore for general corporate purposes.
