SME IPO: Sollfege Smart Electronics to raise Rs 21.7-cr; issue to open on Sep 30

New Delhi, Kolkata-based Sollfege Smart Electronics will raise Rs 21.78 crore through an initial public offering to fund its retail network expansion plans, according to a statement.

The initial public offering (IPO) will open for subscription on September 30 and conclude on October 5. The shares will be listed on the BSE SME platform with a tentative listing date of October 8.

The public offer is entirely a fresh issue of up to 39.60 lakh equity shares and priced at Rs 55 per share, aggregating to Rs 21.78 crore.