Incorporated in November 2012, Sollfege Smart Electronics Limited is engaged in the distribution, integration and implementation of premium audio, video, home automation, smart living, lifestyle and wellness solutions in India. The Company initially focused on the distribution of high-end audio and video equipment and has expanded its business into integrated technology solutions for high-end residential, commercial and institutional spaces.
The Company offers a diverse portfolio of premium technology solutions across Audio Solutions, Video Solutions and Smart Living Solutions. Its audio portfolio includes high-end speakers, home theatre systems, soundbars, wireless speakers and background music systems, while its video solutions include premium displays and projectors. Its Smart Living Solutions cover home automation, lifestyle and wellness products, networking, security and surveillance solutions, including lighting and climate control, smart door locks, CCTV systems and integrated monitoring solutions.
The Company follows an “experience before purchase” approach through its Experience Centres in Kolkata and Gurgaon, where customers can evaluate its products in functional environments. Its trained sales and technical teams provide customised solutions based on customer requirements and offer end-to-end services including site assessment, system design, installation and after-sales support. The Company operates three showrooms in Kolkata, Gurgaon and Bhubaneswar and maintains relationships with globally recognised OEM brands including Bose, Yamaha, Panasonic, Lutron, Sonos, Devialet, Focal, Epson and LG.
Sollfege operates on an asset-light business model and is not engaged in manufacturing activities. Its operations are focused on distribution, system integration and implementation of technology solutions, supported by showrooms, Experience Centres and technical capabilities for demonstration, installation and servicing. The Company integrates IoT devices, automation systems, wireless communication, audio-visual equipment and smart sensors to create connected solutions for homes and commercial spaces. Its revenue from operations increased from ₹18.53 crores in Fiscal 2024 to ₹22.21 crores in Fiscal 2026.
As of August 2026, the Company had a total workforce of 32 employees, including Executive Directors, Key Managerial Personnel, accounts, sales and marketing, technical/operations and service personnel.
Competitive Strengths
Sollfege Smart Electronics Ltd.’s revenue increased by 4% and profit after tax (PAT) rose by 3% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 30.37 | 24.83 | 12.30 |
| Total Income | 22.22 | 21.28 | 19.84 |
| Profit After Tax | 2.19 | 2.13 | 1.76 |
| EBITDA | 4.00 | 3.24 | 1.73 |
| NET Worth | 11.62 | 9.43 | 3.75 |
| Reserves and Surplus | 5.58 | 7.92 | 2.74 |
| Total Borrowing | 6.98 | 4.46 | 2.87 |
| Amount in ₹ Crore | |||
Note:-
Operating EBITDA is given in the financial statements.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Acetech E-Commerce Ltd. | SME | ₹48.95 Cr | ₹112 | 19.56 | ₹117.60 | +5.00% | ₹145.00 |
| Rentomojo Ltd. | Mainboard | ₹1,255.57 Cr | ₹404 | 39.26 | ₹534.25 | +32.24% | ₹502.15 |
| Meesho Ltd. | Mainboard | ₹5,421.20 Cr | ₹111 | -11.63 | ₹170.09 | +53.23% | ₹223.21 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure for expansion of our Retail Network by launching 12 new Showrooms | 8.54 |
| 2 | Working Capital Requirements | 9.67 |
| 3 | General Corporate Expenses | 1.80 |
| 4 | Issue Expenses | 1.76 |
| Total | 21.78 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 20.82% |
| ROCE | 23.57% |
| Debt/Equity | 0.60 |
| RoNW | 18.86% |
| PAT Margin | 9.86% |
| EBITDA Margin | 18.02% |
| NAV | 19.24 |
| P/B (x) | 2.86 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.63 | 2.19 |
| P/E (x) | 15.15 | 25.11 |
| IPO Date | 30 Sep to 5 Oct, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,60,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,00,000 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 37,60,000 shares (agg. up to ₹21 Cr) |
| Net Offered to Public | 37,60,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 60,40,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
The promoters of the company are Umesh Kumar Agarwal
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 60.38% |
As per our analysis and Based on the information we have, this is the output.
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Last Updated on October 1, 2026 Sollfege Smart Electronics Ltd. IPO Incorporated in November 2012, Sollfege Smart Electronics Limited is engaged in the distribution, integration and implementation of premium audio,
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