As the IPO season continues, Sigma solve IPO is all set to hit the Dalal Street on 29 Sep 2020. Sigma solve IPO is coming with an SME segment IPO in the Fixed pice IPO category and the company aims to raise ₹4.95 crores.
SIGMA SOLVE LTD
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.
The company generates 100% of its revenues through exporting products to Sigma Solve Inc that has offices across Florida (USA), Atlanta, and Australia.
Competitive Strengths
- Customer-oriented products and services.
- Diversified product portfolio.
- User Experience design services for web and mobile.
- 100% revenue from Export.
Objectives of the Issue
- Aims to utilize funds for the acquisition and other strategic initiatives.
- Invest in subsidiary companies.
- To meet general corporate purposes.
- To meet public issue expenditures.
Basic details about the company
| Full name | SIGMA SOLVE LTD |
| Sector | Information Technology |
| Industy | BPO/ITES |
| Company Website | www.sigmasolve.in |
IPO details
| Issue type | Fixed price IPO |
| IPO issue size | ₹4.95 cores |
| Number of shares offered to the public | 1,100,000 shares |
| IPO open date | 29 Sep 2020 |
| IPO closing date | 09 Oct 2020 |
| Face value | ₹10 per equity share |
| Offer Price | ₹45 per equity share |
| Retail portion | 50% |
| Lot size | 3000 Nos |
| Minimum application | 1 lot – 3000 shares |
| Listing Exchange | NSE(NSE Emerge SME platform) |
Financial summary
| Sigma Solve’s financial performance (in INR lakh) | ||||
| FY2018 | FY2019 | FY2020 | ||
| Revenue | 257.5 | 348.8 | 568.8 | |
| Expenses | 230.5 | 301.3 | 482.6 | |
| Net income | 23.4 | 34.6 | 65.0 |
Valuation of Sigma Solve (FY2020)
| Earnings Per Share (EPS) | ₹5.73 |
| Price/Earnings (PE ratio) | 7.85 |
| Return on Net Worth (RONW) | 28.23% |
| Net Asset Value (NAV) | ₹17.78 per share |
Company Promoters
- Mr. Prakash Ratilal Parikh
- Mrs. Kalpana Prakashbhai Parikh
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.24% |
Lead managers
- Beeline Broking Ltd
Registrar of Sigma Solve IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: sigma.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Sigma Solve Contact Details
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: www.sigmasolve.in
Sigma Solve IPO Allotment Status
Sigma Solve IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Sigma solve IPO is going to hit Dalal street soon. Its coming under SME IPO with fixed price IPO type. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
happy investing
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