Sigma Solve IPO Details
Sigma Solve IPO description – Sigma Solve is engaged in the business of offering enterprise software development. The company offers turnkey consultancy services to its customers in their business domain. It also in association with group entity “Sigma Solve” provide services related to Web & E-commerce Development, Real Time Application development, Business Intelligence Analytics, CRM Development, Digital Marketing, UI & UX Design, Automation Testing and Quality Assurance. As on 30 June 2020, Sigma Solve employs total of 103 employees (including over permanent and on call software professionals/technicians).
Promoters of Sigma Solve – Mr Prakash Ratilal Parikh And Mrs Kalpana Prakashbhai Parikh
| Sigma Solve IPO details | |
| Subscription Dates | 29 September – 9 October 2020 |
| Price Band | INR45 per share |
| Fresh issue | 1,101,000 shares (INR4.95 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,101,000 shares (INR4.95 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Sigma Solve’s financial performance (in INR lakh) | ||||
| FY2018 | FY2019 | FY2020 | ||
| Revenue | 257.5 | 348.8 | 568.8 | |
| Expenses | 230.5 | 301.3 | 482.6 | |
| Net income | 23.4 | 34.6 | 65.0 | |
Registrar of Sigma Solve IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Valuation of Sigma Solve IPO (FY2020)
Earnings Per Share (EPS): INR5.73
Price/Earnings (PE ratio): 7.85
Return on Net Worth (RONW): 28.23%
Net Asset Value (NAV): INR17.78 per share
Sigma Solve IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.16 |
| Day 2 | 0.23 |
| Day 3 | 0.25 |
| Day 4 | 0.65 |
| Day 5 | 0.76 |
| Day 6 | 0.93 |
| Day 7 | 1.06 |
| Day 8 | 1.51 |
Sigma Solve Contact Details
Sigma Solve Limited
305-308, 3rd floor,
Alpha Megacone House, Opp. Armieda,
Sindhu Bhavan Road, S G Highway,
Ahmedabad – 380 054
Phone: +91 79 2970 8387
Email: [email protected]
Website: www.sigmasolve.in
Sigma Solve IPO Allotment Status
Sigma Solve IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Sigma Solve
IPO Opening Date: 29 September 2020
IPO Closing Date: 9 October 2020
Finalisation of Basis of Allotment: 14 October 2020
Initiation of refunds: 15 October 2020
Transfer of shares to demat accounts: 15 October 2020
Listing Date: 19 October 2020
Opening Price on NSE SME: INR46 per share (up 2.22% from IPO price)
Closing Price on NSE SME: INR45.1 per share (up 0.22% from IPO price)