Sigma Solve Limited IPO (Sigma Solve IPO) Detail

Sep 29, 2020 - Oct 9, 2020

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.

Company Promoters:

Mr. Prakash Ratilal Parikh and Mrs. Kalpana Prakashbhai Parikh are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

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.

Sigma Solve IPO Details

IPO Opening DateSep 29, 2020
IPO Closing DateOct 9, 2020
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹45 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size1,101,000 Eq Shares of ₹10
(aggregating up to ₹4.95 Cr)

Sigma Solve IPO Tentative Timetable

The Sigma Solve IPO open date is Sep 29, 2020, and the close date is Oct 9, 2020. The issue may list on Oct 19, 2020.

IPO Open DateSep 29, 2020
IPO Close DateOct 9, 2020
Basis of Allotment DateOct 14, 2020
Initiation of RefundsOct 15, 2020
Credit of Shares to Demat AccountOct 15, 2020
IPO Listing DateOct 19, 2020

Sigma Solve IPO Lot Size

The Sigma Solve IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹135,000
Maximum13000₹135,000

Sigma Solve IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.24%

Sigma Solve IPO Subscription Status (Bidding Detail)

The Sigma Solve IPO is subscribed 1.59x times on Oct 9, 2020 17:00. The public issue subscribed 2.09x in the retail category, in the QIB category, and 1.09x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

1.09x

RII

2.09x

Total

1.59x

Sigma Solve IPO Prospectus

Sigma Solve IPO Rating

81
3.0
Rating:Rated 3.0 stars

Vote Here ...

Sigma Solve IPO Listing Date

Listing DateMonday, October 19, 2020
BSE Script Code
NSE SymbolSIGMA
Listing In
ISININE0A0S01010
IPO Price₹45 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹45.00
Open:₹46.00
Low:₹45.10
High:₹46.00
Last Trade:₹45.10
Volume:108,000

Sigma Solve IPO Reviews / Ratings

Company Contact Information

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/

Sigma Solve IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: sigma.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Sigma Solve IPO FAQs

  1. What is Sigma Solve IPO?

    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 equity share. The minimum order quantity is 3000 Shares.

    The IPO opens on Sep 29, 2020, and closes on Oct 9, 2020.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. How to apply in Sigma Solve IPO through Zerodha?

    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

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Sigma Solve IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Sigma Solve IPO will open?

    The Sigma Solve IPO opens on Sep 29, 2020 and closes on Oct 9, 2020.

  4. What is the lot size of Sigma Solve IPO?

    Sigma Solve IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

  5. How to apply for Sigma Solve IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Sigma Solve IPO allotment?

    The finalization of Basis of Allotment for Sigma Solve IPO will be done on Oct 14, 2020, and the allotted shares will be credited to your demat account by Oct 15, 2020. Check the Sigma Solve IPO allotment status.

  7. When is Sigma Solve IPO listing date?

    The Sigma Solve IPO listing date is on Monday, October 19, 2020.

Sigma Solve IPO Message Board

Ranked Members  Ranked Members

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12. IPOANALYSIS |Oct 16, 2020 15:13
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Cash rich company
P/e is less. Good growth verticals. Let's see how it performs
11. IPOANALYSIS |Oct 3, 2020 13:18
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Avoid SME IPO if you want peace of mind and don't want to lose heavy capital
11.1. Small Investor |Oct 9, 2020 13:54
IPO Guru IPO Guru (1400+ Posts, 700+ Likes)
ELC INVESTMENT
PRICE IS 12.50+ ON BSE AND BOOK VALUE IS 242000+
JISKE PASS BHI YE STOCK H WO LHAKPATI BNEGA
ELC INV.HOLD ASSIAN PAINT HOLDING WITH GOOD STAKE

BUY THIS STOCK AGAR MOKA MIL JAY TO , M PICHLE 3 YEARS SE TRY KR RHA HU IS STOCK KO BUY KRNE K LIY BUT ABHI TK HATH NHI AAYA H

10. Baskaran |Oct 8, 2020 15:44
It's good IPO
9. Dagrox |Oct 5, 2020 01:21
Keeping the IPO open for very long period of 8 working days shows it's a bad stock. Simply avoid, stay away from this IPO and save your hard earned money.
8. Splendid |Oct 3, 2020 11:08
Top Contributor Top Contributor (200+ Posts)
I am not going to apply this SME but i bet you, it will list on premium.
7. IPOANALYSIS |Oct 1, 2020 19:06
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
This may happen to show oversubscription in SME Ipo .get agents, relatives to apply. Retail will apply seeing oversubscription
The last day withdraw application will happen.
6. MR. KUMAR |Oct 2, 2020 10:42
Those who want to apply just wait for 1 month you will get this at below RS 20.
5. aruearn |Oct 1, 2020 15:48
I seen their web site and the work they have done.
Like Taco marin , Grub to Go, and Fresh meal plan and others.
I think if whatever is mention on the site is correct then I would apply for this IPO.
If everyone wait for 20 times subscription then who will buy .. and after 20 times subscription my chances of getting is 1/20.
So i will apply for this IPO.
4. IPOANALYSIS |Oct 1, 2020 15:40
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Today listing secmark consultancy closed at 5 pc lower circuit. Last listing hippo issue price 105 now at 44 rs. Bonlon industries issue price at 28 now 16 rs. AVOID SME IPO to avoid huge loss of capital
3. PRAFULDURAI |Sep 29, 2020 14:00
This message has been removed by a moderator.
3.1. Adityasingh |Oct 1, 2020 02:44
Why you didn't apply in Ksolves ?? Do not spread such things based on your bad luck
2. Chem cho |Sep 29, 2020 11:00
IPO Guru IPO Guru (2100+ Posts, 2200+ Likes)
NOT TO APPLY
2.1. spars |Sep 29, 2020 12:29
Will u pls elaborate ur views ?
1. Aniketiaf |Sep 27, 2020 20:23
IPO Guru IPO Guru (1400+ Posts, 8600+ Likes)
Not a bad company
But
Comparatively AAA Technology Ltd looks better.
As
No fundamentals/calculations work in sme
Hence
There may be possibility of better listing of Sigma solve Ltd then AAA Ltd.

I will not apply in Sigma but will must apply in AAA.

Thanks.
1.1. Quality Comment |Sep 28, 2020 16:37
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
There are lots of issues running in this company. The employee already frustrated. One of My Friends already works in this company.
1.2. spars |Sep 29, 2020 12:25
Wat Is AAA ?







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