Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Sigma Solve IPO is a fixed price issue of Rs 4.95 crores.
Sigma Solve IPO bidding started from September 29, 2020 and ended on October 9, 2020. The allotment for Sigma Solve IPO was finalized on Wednesday, October 14, 2020. The shares got listed on NSE SME on October 19, 2020.
Sigma Solve IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Beeline Broking Ltd is the book running lead manager of the Sigma Solve IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sigma Solve IPO RHP for detailed information.
| IPO Date | September 29, 2020 to October 9, 2020 |
| Listing Date | October 19, 2020 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,101,000 shares (aggregating up to ₹4.95 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,010,000 |
| Share holding post issue | 4,111,000 |
| Market Maker portion | 57,000 shares |
Sigma Solve IPO offers 1,101,000 shares. 522,000 (47.41%) to NII, 522,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 57,000 (5.18%) |
| Other Shares Offered | 522,000 (47.41%) |
| Retail Shares Offered | 522,000 (47.41%) |
| Total Shares Offered | 1,101,000 (100%) |
Sigma Solve IPO opens on September 29, 2020, and closes on October 9, 2020.
| IPO Open Date | Tuesday, September 29, 2020 |
| IPO Close Date | Friday, October 9, 2020 |
| Basis of Allotment | Wednesday, October 14, 2020 |
| Initiation of Refunds | Thursday, October 15, 2020 |
| Credit of Shares to Demat | Thursday, October 15, 2020 |
| Listing Date | Monday, October 19, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 9, 2020 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Mr. Prakash Ratilal Parikh and Mrs. Kalpana Prakashbhai Parikh are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.24% |
Incorporated in 2010, The Ahmadabad-based Sigma Solve Ltd is primarily engaged in offering IT and IT-enabled services to customers. Sigma Solve Ltd through association with Sigma Solve Inc. (subsidiary company) offers software development, turnkey consultancy services, and services related to Web & E-commerce development, Real Time Application development, Business Intelligence Analytics, Digital Marketing, CRM Development, UI& UX Design, Automation testing, and others.
Sigma Solve Ltd generates 100% of its revenues through exporting products to Sigma Solve Inc that has offices across Florida (USA), Atlanata, and Australia.
Sigma Solve Ltd Product Portfolio
• Web & eCommerce Development; Shopify, nopcommerce, PrestaShop, Magento, Wordpress, Cake PHP.
• Real Time Application Development
• Business Intelligence Analytics; Tableau, Salesforce, Creatio, etc.
• Digital Marketing
• UI & UX Design
• Automation Testing and Quality Assurance
Competitive Strengths
• 100% revenue from Export.
• Customer-oriented products and services.
• Diversified product portfolio.
• User Experience design services for web and mobile.
| Particulars | For the year/period ended (Rs in Lacs) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 498.25 | 226.25 | 112.17 |
| Total Revenue | 568.83 | 348.79 | 257.47 |
| Profit After Tax | 65.02 | 34.57 | 23.36 |
The net proceed from the IPO will be used towards following purposes;
• To utilize funds towards acquisition and other strategic initiatives.
• To invest in subsidiary companies.
• To meet general corporate purposes.
• To meet public issue expenditures.
[Dilip Davda] SSL has posted growth in top and bottom lines for the last three fiscals. However, on the basis of P/E and P/BV parameters, the issue is fully priced. The issue expenses indicate the structured format of the IPO. Cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...
The Sigma Solve IPO is subscribed 1.59 times on October 9, 2020 5:00:00 PM. The public issue subscribed 2.09 times in the retail category, times in the QIB category, and 1.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.09 |
| Retail | 2.09 |
| Total | 1.59 |
| Listing Date | October 19, 2020 |
| BSE Script Code | |
| NSE Symbol | SIGMA |
| ISIN | INE0A0S01010 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹46.00 |
| ₹45.10 |
| ₹46.00 |
| ₹45.10 |
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: compliance@sigmasolve.net
Website: http://www.sigmasolve.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sigma.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Sigma Solve IPO is a SME IPO of 1,101,000 equity shares of the face value of ₹10 aggregating up to ₹4.95 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 29, 2020, and closes on October 9, 2020.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sigma Solve IPO using UPI as a payment gateway. Zerodha customers can apply in Sigma Solve IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sigma Solve IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sigma Solve IPO opens on September 29, 2020 and closes on October 9, 2020.
Sigma Solve IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Sigma Solve IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sigma Solve IPO will be done on Wednesday, October 14, 2020, and the allotted shares will be credited to your demat account by Thursday, October 15, 2020. Check the Sigma Solve IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (2200+ Posts, 1100+ Likes)
Top Contributor (300+ Posts, 100+ Likes)
IPOANALYSIS| Link | Bookmark |October 16, 2020 4:13:47 PMP/e is less. Good growth verticals. Let's see how it performs