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Sigma Solve IPO is a fixed price issue of ₹4.95 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹4.95 crore.
Sigma Solve IPO bidding started from Sep 29, 2020 and ended on Oct 9, 2020. The allotment for Sigma Solve IPO was finalized on Oct 14, 2020. The shares got listed on NSE SME on Oct 19, 2020.
Sigma Solve IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Beeline Broking Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,01,000 shares (aggregating up to ₹4.95 Cr) |
| Reserved for Market Maker | 57,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.2565 Cr) |
| Net Offered to Public | 10,44,000 shares (aggregating up to ₹4.70 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 30,10,000 shares |
| Share Holding Post Issue | 41,11,000 shares |
Sigma Solve IPO offers total 11,01,000 shares. Out of which 5,22,000 (47.41%) allocated to NII, 5,22,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 57,000 (5.18%) |
| NII (HNI) Shares Offered | 5,22,000 (47.41%) |
| Retail Shares Offered | 5,22,000 (47.41%) |
| Total Shares Offered | 11,01,000 (100.00%) |
Sigma Solve IPO opens on September 29, 2020, and closes on October 9, 2020.
| IPO Open Date | Tue, Sep 29, 2020 |
| IPO Close Date | Fri, Oct 9, 2020 |
| Tentative Allotment | Wed, Oct 14, 2020 |
| Initiation of Refunds | Thu, Oct 15, 2020 |
| Credit of Shares to Demat | Thu, Oct 15, 2020 |
| Tentative Listing Date | Mon, Oct 19, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 9, 2020 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Sigma Solve IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Acquisitions And Other Strategic Initiatives | 2.30 |
| 2 | Investment in Subsidiary | 0.70 |
| 3 | General Corporate Purpose | 1.20 |
| 4 | Public Issue Expenses | 0.75 |
[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...
| Listing Date | October 19, 2020 |
| BSE Script Code | |
| NSE Symbol | SIGMA |
| ISIN | INE0A0S01010 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹46.00 |
| Low | ₹45.10 |
| High | ₹46.00 |
| Last Trade | ₹45.10 |
Sigma Solve Ltd.
305-308, 3rd floor, Alpha Megacone House
Opp. Armieda,
Sindhu Bhavan Road, S G Highway,
Ahmedabad, Gujarat, 380054
Phone: +91 79 2970 8387
Email: compliance@sigmasolve.net
Website: http://www.sigmasolve.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sigma.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sigma Solve IPO is a SME IPO of 11,01,000 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.
The IPO opens on September 29, 2020, and closes on October 9, 2020.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹1,35,000.
You can apply in Sigma Solve IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Sigma Solve IPO listing date is on Monday, October 19, 2020.
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