Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Tue, Sep 29, 2020 - Fri, Oct 9, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 29, 2020
IPO Close
Fri, Oct 9, 2020
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹18.50 Cr
| IPO Date | 29 Sep to 9 Oct, 2020 |
| Listed on | Mon, Oct 19, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,01,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 57,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.2565 Cr) |
| Fresh Issue (Ex Market Maker) | 10,44,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,44,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 30,10,000 shares |
| Share Holding Post Issue | 41,11,000 shares |
| NSE Symbol | SIGMA |
| ISIN | INE0A0S01010 |
Sigma Solve IPO comprises a total issue size of 11,01,000 shares. The net offer to the public is 10,44,000 shares, after excluding 57,000 shares allotted on a firm basis. Of the Net offer 5,22,000 (50.00%) allocated to NII 5,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,22,000 | 50.00% | 47.41% |
| Retail Shares Offered | 5,22,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 57,000 | 5.18% | |
| Total Shares Offered | 11,01,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Sigma Solve IPO is subscribed 1.59 times on October 9, 2020 5:00:00 PM (Day 8). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.09 | 5,22,000 | 5,70,000 |
| Retail | 2.09 | 5,22,000 | 10,89,000 |
| Total | 1.59 | 10,44,000 | 16,59,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Marketing and Advertisement Expenses | 0.26 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 5 | Payment for Printing and Distribution of Issue Stationaries | 0.01 |
| 6 | Others (Fees Payable to Peer Review Auditor, Fees to Legal Advisors, Marketing Expenses, Custodians Fees, Market Making, Brokerage, Processing Fees for Application and Miscellaneous Expenses) | 0.14 |
| 7 | Processing Fees to SCSBs for ASBA Application Procured by the Members of the Syndicate or Registered Brokers and Submitted with SCSB’s | 0.00 |
| 8 | Processing Fees Issued to Issuer Bank for UPI Mechanism w.r.t. Application forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDP’s and submitted to them | 0.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹46.00 |
| Low | ₹45.10 |
| High | ₹46.00 |
| Last Trade | ₹45.10 |
Lead Manager Reports
Sigma Solve IPO is a SME IPO of 11,01,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Sep 29, 2020, and closes on Fri, Oct 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 Tue, Sep 29, 2020 and closes on Fri, Oct 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 Thu, Oct 15, 2020. Check the Sigma Solve IPO allotment status.
The Sigma Solve IPO listing date is on Mon, Oct 19, 2020.
