Sigma Solve Ltd. IPO

IPO Issue Details

Issue Price / Price Band₹45 per share (Fixed Price)

Face Value₹10 Per Share

Lot Size3,000 Shares per Lot

Total Issue Size11,01,000 shares (aggregating up to ₹4.95 Cr)

Issue TypeFixed Price IPO

Sale Type / CategoryFresh Capital

Exchange / PlatformNSE SME

IPO TypeSME

Subscription OpenTue, 29 Sep 2020

Subscription CloseFri, 09 Oct 2020

Anchor AllotmentMon, 28 Sep 2020

Basis of AllotmentWed, 14 Oct 2020

Initiation of RefundsThu, 15 Oct 2020

Credit of Shares to DematThu, 15 Oct 2020

Listing DateMon, 19 Oct 2020

UPI Mandate Deadline2020-10-09

Application & Investment Details

Retail — Min (1 Lots)₹1,35,000 — 3,000 shares

Retail — Max (13 Lots)₹1,755,000 (13 Lots)

HNI — Min (2 Lots)₹2,70,000 — 6,000 shares

Net Offer to Public10,44,000 shares (aggregating up to ₹4.70 Cr)

Reserved for Market Maker57,000 shares (aggregating up to ₹0.2565 Cr)

Pre-IPO Promoter Holding30,10,000 shares

Post-IPO Promoter Holding41,11,000 shares

About Sigma Solve Ltd.

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 AssuranceCompetitive Strengths• 100% revenue from Export.• Customer-oriented products and services.• Diversified product portfolio.• User Experience design services for web and mobile.

Objects of the Issue

Sigma Solve Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

Acquisitions And Other Strategic Initiatives

2.30

Investment in Subsidiary

0.70

General Corporate Purpose

1.20

Public Issue Expenses

0.75

Shareholding & Lock-in

Pre-IPO Promoter Holding 30,10,000 shares

Post-IPO Promoter Holding 41,11,000 shares

Check AllotmentCheck Status →

₹45.00

INR · NSE

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Issue ₹45.00 Live Price

Quick Facts

GMP Signal ⚪ No GMP

StatusListed

Issue Price₹45

GMPNIL

Est. Listing₹45

Lot Size3,000 shares

Min Amount₹270,000

Listing Date19 Oct 2020

Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.

Listing Performance

Issue Price₹45

Listing Date19 Oct 2020

Listing Price—

Listing Gain/Loss—%

52-Week High—

52-Week Low—

Issue Structure & Reservation

Category	Shares Offered	% Issue	Amount (₹ Cr)*	Subscription
Market Maker	57,000	—	₹0.26 Cr	—
TOTAL	1,101,000	100.00%	₹4.95 Cr	—

* Based on ₹45.00 (upper price band)

Lot Size & Investment Details

Lot Size

3,000

Issue Price

₹45.00

Per Share

Min Investment

₹135,000

1 Lot

Category	Lots	Shares	Amount (₹)
Retail (Min)	1	3,000	₹135,000
Retail (Max)	13	39,000	₹1,755,000
sNII (Min)	14	42,000	₹1,890,000
bNII (Min)	68	204,000	₹9,180,000

Company Financials — Restated Consolidated (Amount in Rs Cr)

Particulars	31-Mar-20	31-Mar-19	31-Mar-18
Revenue from Operations	568.83	348.79	257.47
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	65.02	34.57	23.36
Net Worth	N/A	N/A	N/A
Total Assets	498.25	226.25	112.17
Reserves & Surplus	N/A	N/A	N/A
Total Borrowings	N/A	N/A	N/A

Key Ratios & Valuation

Issue Price ₹45

Face Value ₹10 Per Share

P/BV N/A

RoE N/A

RoCE N/A

RoNW N/A

PAT Margin (%) N/A

EBITDA Margin (%) N/A

Debt / Equity N/A

Company Details

Company

Sigma Solve Ltd.

Exchange

NSE SME

IPO Type

SME IPO

Issue Type

Fixed Price IPO

Face Value

₹10 Per Share

Script Code

N/A

Address

305-308, 3rd floor, Alpha Megacone House Opp. Armieda, Sindhu Bhavan Road, S G Highway, Ahmedabad, Gujarat, 380054

Phone

+91 79 2970 8387

compliance@sigmasolve.net

Website

http://www.sigmasolve.in/

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

sigma.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment Status

Book Running Lead Managers

Beeline Broking Ltd

Book Running Lead Manager (BRLM)

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Live Price LIVE

Last Price₹45.00

Change Today—

Issue Price₹45.00

vs Issue—

IPO Timeline

IPO Opens

29 Sep 2020, Tue

✓ Done

IPO Closes

09 Oct 2020, Fri

✓ Done

Basis of Allotment

14 Oct 2020, Wed

✓ Done

Initiation of Refunds

15 Oct 2020, Thu

✓ Done

Credit of Shares

15 Oct 2020, Thu

✓ Done

Listing Day

19 Oct 2020, Mon

✓ Done

Quick Summary

Issue Price₹45

Face Value₹10

Lot Size3,000 Shares

Min. Investment₹270,000

Open Date29 Sep 2020

Close Date09 Oct 2020

Allotment14 Oct 2020

Listing Date19 Oct 2020

ExchangeNSE SME

GMPNIL

Est. Listing₹45