| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 18.53 | 21.01 | 22.21 |
| Expenses | 17.23 | 18.41 | 19.25 |
| Other Income | 1.31 | 0.27 | 0.02 |
| Total Revenue | 19.84 | 21.28 | 22.22 |
| Profit Before Tax | 2.53 | 2.87 | 2.97 |
| Net Profit | 1.76 | 2.13 | 2.19 |
Sollfege Smart Electronics
Sollfege Smart Electronics IPO
₹2,20,000
0.92 xOver-subscribedBidding Dates 30 Sept, 26 -05 Oct, 26
Min Investment ₹2,20,000
Lot Size2,000
Price Range ₹55 – ₹55
Issue Size ₹21.78 Cr.
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IPO Subscription Details
Retail Subscription Details
0.01 x
Non-Institutional Buyers (bHNI)
0.17 x
Total0.92 x
0.92 x IPO Timeline
IPO Offer Start
30 Sept,26
IPO Offer Ends
05 Oct,26
Allotment Finalisation
06 Oct,26
Refund Initiation
07 Oct,26
Listing of Shares
08 Oct,26
IPO Analysis
Strengths
The company has built long-standing relationships with globally recognized brands (Bose, Yamaha, Panasonic, Sonos, LG, etc.), enabling it to act as an authorized seller across multiple premium product categories, ensuring authenticity, quality, and customer confidence.
The company's workforce is continuously trained through certification programs and technical workshops conducted by global brand partners, enabling expertise in system integration, networking design, and cross-brand compatibility for high-value project-based engagements.
The company provides comprehensive services spanning concept development, system design, procurement, installation, testing, and post-installation support, positioning itself as a single point of contact across the entire project lifecycle.
Risks
Revenue generated from the West Bengal store represented 90.72% of total revenue from operations in FY2026, 89.00% in FY2025 and 94.21% in FY2024. Adverse economic, competitive, political or other developments in the state could materially affect revenue and results of operations.
The top five brands contributed ₹899.85 lakhs, representing 41.27% of turnover in FY2026. Loss of a significant brand or reduction in supply could materially affect sales, revenue and profitability.
The top five suppliers accounted for 80.51% of purchases and the top supplier alone accounted for 59.01% in FY2026. Delays, quality issues, financial difficulties or operational disruptions at suppliers could adversely affect product availability, revenue, profitability and reputation.
Objectives
The company intends to fund capital expenditure for setting up twelve new showrooms across West Bengal, Assam, and Haryana on a COCO model, covering interior works and rental deposits, to expand its retail network for premium audio, video, and smart living solutions.
The company intends to utilize a portion of the net proceeds to meet its working capital requirements arising from the proposed expansion of its showroom network from 3 to 15 locations, covering inventory, trade receivables, and operational expenses.
The balance net proceeds are intended to be deployed towards general corporate purposes including strategic initiatives, brand building, marketing activities, operating expenses, repayment of borrowings, and other business exigencies as approved by the Board.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 12.30 | 24.82 | 30.37 |
| Current Assets | 8.96 | 19.05 | 23.35 |
| Fixed Assets | 3.35 | 5.77 | 7.02 |
| Total Equity & Liabilities | 12.30 | 24.82 | 30.37 |
| Total Liabilities | 8.55 | 15.40 | 18.76 |
| Current Liabilities | 6.90 | 13.03 | 14.56 |
| Non Current Liabilities | 1.66 | 2.37 | 4.20 |
| Total Equity | 3.75 | 9.43 | 11.62 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.09 | 0.01 | 0.04 |
| Investing Activities | -0.17 | -5.00 | -0.08 |
| Operating Activities | -0.43 | 0.91 | -0.66 |
| Financing Activities | 0.51 | 4.10 | 0.78 |
About Sollfege Smart Electronics
Sollfege Smart Electronics Limited is a premium audio, video, home automation, smart living, lifestyle, and wellness solutions provider in India, engaged in distribution, integration, and implementation of technologically advanced solutions for high-end residential, commercial, and institutional spaces. Originally incorporated as Denn Audio Private Limited in 2012, the company has evolved...more
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Managing DirectorUmesh Kumar Agarwal
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