Sigma Solve IPO Details

Sigma Solve IPOSigma 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
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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)

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