Sollfege Smart Electronics came to market through an SME IPO that opened on 30 September 2026 and closed on 5 October 2026, and the shares listed on 8 October 2026 on the BSE. The price band was ₹55 per share and one lot was 2000 shares, so the minimum application was ₹1,10,000. The issue size was ₹21.78 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹104.4, a gain of 89.8% against the issue price of ₹55. Kfin Technologies Ltd was the registrar to the issue, and Finshore Management Services Ltd was the lead manager.
The issue was subscribed 2.20 times overall.
Sollfege Smart Electronics Limited incorporated in the year 2012 is involved in the high-end category of audio, video, home automation, smart living, lifestyle electronics and wellness solutions. The firm aims at providing integrated and technology-based solutions that comprise of high-quality products coupled with designs, convenience and functionalities. It functions through showrooms, experience centers and the online portal, allowing the consumers to have the ability to experience, evaluate and purchase products for residential and commercial uses.
Through the years, Sollfege has moved from being a conventional audio-video distributor to becoming a full solution provider in the premium electronics sector. Its product lines include home theater systems, audio solutions, video solutions, smart home automation, lighting controls, climate control, lifestyle electronics and connected living solutions. Sollfege caters to customers looking for premium, contemporary and flawless living experience with an emphasis on the quality of products and end-to-end services support.
Sollfege has been operating in several geographies within India and has been present through its showrooms in Kolkata, Gurgaon and Bhubaneswar. It caters to the B2C and B2B customers and has been participating in exhibitions, events and digital marketing initiatives.
As described in the offer document.
Umesh Kumar Agarwal. Promoter holding 99.97% before the issue and 60.38% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹55 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,10,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,10,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 30 September 2026 and closed on 5 October 2026.
The basis of allotment was published on 6 October 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 8 October 2026 on the BSE, opening at ₹104.4.
The issue size was ₹21.78 crore. The fresh issue was 39,60,000 shares (aggregating up to ₹21.78 crore).
It listed at ₹104.4 against an issue price of ₹55, a gain of 89.8 percent on listing day.