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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 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 Date Sep 29, 2020 to Oct 9, 2020
Listing Date Monday, October 19, 2020
Face Value ₹10 per share
Price ₹45 per share
Lot Size 3000 Shares
Issue Size1,101,000 shares of ₹10
(aggregating up to ₹4.95 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Sigma Solve IPO Tentative Timetable

Sigma Solve IPO opens on Sep 29, 2020, and closes on Oct 9, 2020. The Sigma Solve IPO bid date is from Sep 29, 2020 10.00 A.M. to Oct 9, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 29, 2020
Closing Date Oct 9, 2020
Basis of Allotment Oct 14, 2020
Initiation of Refunds Oct 15, 2020
Credit of Shares to Demat Oct 15, 2020
Listing Date Oct 19, 2020

Sigma Solve IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000

Sigma Solve IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.24%

Sigma Solve IPO Review

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...


Sigma Solve IPO Subscription Status (Bidding Detail)

The Sigma Solve IPO is subscribed 1.59 times on Oct 9, 2020 5:00:00 PM. 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)

CategorySubscription (times)
NII1.09
Retail2.09
Total1.59

Sigma Solve IPO Prospectus

Sigma Solve IPO Rating

81
3.0
Rating:Rated 3.0 stars
Vote Here ...

Sigma Solve IPO Listing Date

Listing Date Monday, October 19, 2020
BSE Script Code
NSE Symbol SIGMA
Listing In
ISIN INE0A0S01010
IPO Price ₹45 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹45.00
₹46.00
₹45.10
₹46.00
₹45.10

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

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

Sigma Solve IPO Review

Sigma Solve IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

Sigma Solve IPO FAQs

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 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.

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.

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

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

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.

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.

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

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17 Comments

12. IPOANALYSIS |   Link |Oct 16, 2020 4:13:47 PM
Cash rich company
P/e is less. Good growth verticals. Let's see how it performs
11. IPOANALYSIS |   Link |Oct 3, 2020 2:18:41 PM
Avoid SME IPO if you want peace of mind and don't want to lose heavy capital
11.1. Small Investor |   Link |Oct 9, 2020 2:54:47 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |   Link |Oct 8, 2020 4:44:53 PM
It's good IPO
9. Dagrox |   Link |Oct 5, 2020 2:21:28 AM
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 |   Link |Oct 3, 2020 12:08:28 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I am not going to apply this SME but i bet you, it will list on premium.
7. IPOANALYSIS |   Link |Oct 1, 2020 8:06:31 PM
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 |   Link |Oct 2, 2020 11:42:12 AM
Those who want to apply just wait for 1 month you will get this at below RS 20.
5. aruearn |   Link |Oct 1, 2020 4:48:53 PM
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 |   Link |Oct 1, 2020 4:40:03 PM
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 |   Link |Sep 29, 2020 3:00:55 PM
This message has been removed by a moderator.
3.1. Adityasingh |   Link |Oct 1, 2020 3:44:13 AM
Why you didn't apply in Ksolves ?? Do not spread such things based on your bad luck
2. Chem cho |   Link |Sep 29, 2020 12:00:11 PM
IPO Guru IPO Guru (2500+ Posts, 2600+ Likes)
NOT TO APPLY
2.1. spars |   Link |Sep 29, 2020 1:29:36 PM
Will u pls elaborate ur views ?
1. Aniketiaf |   Link |Sep 27, 2020 9:23:26 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |Sep 28, 2020 5:37:25 PM
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 |   Link |Sep 29, 2020 1:25:37 PM
Wat Is AAA ?