Sigma Solve Limited SME IPO Review

SME IPO Status: Closed [29th Sep 2020 to 9th Oct 2020]

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About Sigma Solve Limited SME IPO

Sigma Solve Limited IPO of Rs. 605 Lakh will be open for subscription from 29th Sep to 9th October. The IPO lot size is 3000 shares and multiple of it and available at a fixed price of Rs. 55 per share. Let's get the complete review of Sigma Solve Limited IPO including business overview, financials, strengths, weaknesses, IPO allotment, subscription, and more.

The IPO price is Rs. 4.5 times of the face value of the share.

Incorporated in: 2010

Sector: IT/ITES Industry

Issue Size: 495.45 Lakh

Website: www.sigmasolve.in

About Company-Sigma Solve Limited

Sigma Solve Limited is a mobile app and website development company that offers to create better customer experiences using the latest tools and technologies to transform your business. The company offers its e-commerce services to multiple startups and established companies and provides digital transformations for streamlining their business processes.

The company is successful in providing its solutions for computers, laptops, and mobile software. The company has its subsidiary Sigma Solve Inc offices in Ahmedabad (India), Florida (USA), Atlanta (Georgia), and Australia to whom the company sell its entire products.

Sigma Solve SME IPO Objective

  • Sigma Solve Ltd wants to use the funds of IPO in acquisitions, investment in the subsidiary, and other strategic initiatives for up to 375 Lakh.
  • The company will use the rest of the amount in general corporate purposes and public issue expenses.

Sigma Solve SME IPO Details

Sigma Solve SME IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Sigma Solve SME IPO Details
Sigma Solve Issue Details Values
IPO Category SME
SME IPO Issue Type Fixed Price
SME IPO Issue Size 11,01,000 Eq Shares at ₹10 per share (aggregating up to ₹605 Lakh)
Face Value ₹10 Per Equity Share
SME IPO Issue Price ₹45
SME IPO Discount NA
Market Lot 3000 Shares
Min Retail Qty 3,000 shares (1 lot)
Max Retail Qty 3,000 shares (1 lot)
Promoter Holding Pre IPO 100%
Promoter Holding Post IPO 73.24%
IPO Listing At NSE
BSE Code
NSE Code

Sigma Solve SME IPO Live Subscription (NSE + BSE)

The table below is live update of SME IPO bidding details from NSE and BSE.

  • Non-Institutional Investors: 522,000 Shares
  • Retail Individual Investor: 522,000 Shares
IPO Bidding Live Updates from BSE + NSE
Day NIIRIITotal
 # of Shares Offered522,000522,0001,044,000
129th Sep 2020 17:020.01x0.30x0.16x
230th Sep 2020 17:020.01x0.48x0.24x
31st Oct 2020 18:020.01x0.52x0.26x
45th Oct 2020 17:020.52x0.85x0.68x
56th Oct 2020 17:020.66x0.95x0.80x
67th Oct 2020 17:020.91x1.06x0.98x
78th Oct 2020 17:021.02x1.22x1.12x
89th Oct 2020 17:021.09x2.09x1.59x

Sigma Solve Financials for past 3 Years

Past performance and financial results of Sigma Solve.

Sigma Solve financial
Sigma Solve Ltd IPO Financials 31-Mar-2019 31-Mar-2018 31-Mar-2017
Total Assets ₹222.35 Lakh ₹109.47 Lakh ₹66.29 Lakh
Total Revenue ₹348.79 Lakh ₹257.47 Lakh ₹204.15 Lakh
Net Profit/Loss ₹33.37 Lakh ₹20.65 Lakh ₹4.05 Lakh

Sigma Solve SME IPO Strengths

  • The company focuses on user experience design services for the mobile and web where it creates a beautiful, yet extremely functional design for customers.
  • The company provides customized solutions to its customers on a sustainable basis.
  • The company has a unique work culture with a flexible operating and an employee-friendly environment.

Sigma Solve SME IPO Threats/Weaknesses

  • Company’s revenue and profits are largely dependent on the customers of Sigma Solve Inc. (subsidiary).
  • Sigma Solve has not filed transfer Pricing Report as required under the Income Tax Act, 1961 for carrying out transactions with associate enterprise.
  • The company may suffer losses if it fails to develop new services and enhance existing services with the change in technology.

Sigma Solve SME IPO Recommendations

Sigma Solve SME IPO Important Dates

In this section we have covered all important dates related to Sigma Solve SME IPO. Dates are updated as they are announced. The most noted dates are SME IPO start date and SME IPO end date, which one should use to participate in SME IPO.

Sigma Solve SME IPO important dates
SME IPO Activity Date
SME IPO Issue Open Date 29th Sep 2020
SME IPO Issue Close Date 9th Oct 2020
Basis of Allotment Finalisation Date* 14th Oct 2020
Refunds Initiation* 15th Oct 2020
Credit of Shares to Demat Account* 15th Oct 2020
SME IPO Listing Date* 19th Oct 2020

* - Tentative Dates

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@
  NRI Form ⇒

Sigma Solve SME IPO Draft Prospectus >>Document

Sigma Solve SME IPO Red Herring Prospectus >>Document

Sigma Solve SME IPO Allotment Status >>Sigma Solve SME IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Sigma Solve Limited
305-308, 3rd floor, Alpha Megacone House,
Opp. Armieda, Sindhu Bhavan Road, S G Highway,
Ahmedabad-380 054
Gujarat, India
Website: www.sigmasolve.in
Email: [email protected]
Phone: +91 79 2970 8387

Registrar

Link Intime India Pvt Limited
C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India

Lead Manager

Beeline Broking Limited
807, Phoenix Tower, Opp. New Girish Cold Drinks,
Near Vijay Cross Roads, Navrangpura,
Ahmedabad, Gujarat-380 009
Sigma Solve SME IPO Important dates - Issue Open Date, close Date, SME IPO Listing Date. SME IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, SME IPO Listing date. What is the issue open date and close date for Sigma Solve? Should I apply in Sigma Solve SME IPO?

Last Updated on 2020-09-29T23:47:58+00:00

Sigma Solve SME IPO FAQs

  1. 1. How to subscribe Sigma Solve SME IPO with Zerodha?

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Sigma Solve SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Sigma Solve SME IPO with Zerodha.

    Alternate approch to apply in Sigma Solve SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Sigma Solve SME IPO Review and Important Updates

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  2. 2. How to apply in Sigma Solve SME IPO online?

    Apply in Sigma Solve SME IPO online

    To subscribe or apply in Sigma Solve SME IPO, you can use the following methods:

    Sigma Solve SME IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Sigma Solve SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Sigma Solve SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Sigma Solve SME IPO. Most of the Syndicate Banks provide access to apply in Sigma Solve IPO via ASBA process. You must have your net banking access, DP ID information to apply in Sigma Solve SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Sigma Solve SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Sigma Solve SME IPO Review and Important Updates

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  3. 3. How to download online application form for Sigma Solve SME IPO?

    Applying in Sigma Solve SME IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Sigma Solve SME IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Sigma Solve SME IPO, please refer article >> Link

    Sigma Solve SME IPO Review and Important Updates

    Steps to download the online application form for Sigma Solve SME IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 3000 and max 3,000 shares (1 lot).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Sigma Solve SME IPO?

    Sigma Solve SME IPO is going to be list on 19-10-2020.

    Other relevant questions:

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  5. 5. When Sigma Solve SME IPO will be allocated?

    Sigma Solve SME IPO Allotment Date is 14-10-2020.

    Other relevant questions:

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User Comments

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5. ANAGHA KALVAPUDI   9/25/2020 3:31:32 AM Reply
Sigma Solve SME IPO expected listing gain.
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4. sanjeev  9/25/2020 3:31:32 AM Reply
Please confirm Sigma Solve SME IPO GMP (grey market premium) and kostak.
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3. Ramlalbabu  9/25/2020 3:31:32 AM Reply
Sigma Solve SME IPO good or bad.
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2. Sajin chandramohan  9/25/2020 3:31:32 AM Reply
Sigma Solve SME IPO whether to invest or not.
avatar
1. Mohd wajiullah   9/25/2020 3:31:32 AM Reply
Sigma Solve SME IPO - CRISIL Rating, Apply or not?.

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