Sigma Solve Ltd, established in 2010 and based in Ahmadabad, provides IT and IT-enabled services to clients. The company offers a range of services through its subsidiary company, Sigma Solve Inc., which include software development, web and e-commerce development, real-time application development, business intelligence analytics, digital marketing, CRM development, UI and UX design, and automation testing. Sigma Solve Ltd’s product portfolio is focused on delivering comprehensive IT solutions to clients across a range of industries.
The company’s services are designed to help clients achieve their business objectives by leveraging the latest technologies and best practices in the industry. Sigma Solve Ltd’s expertise in software development and IT consulting enables it to provide custom solutions tailored to the unique needs of each client. The company’s product portfolio is characterized by a commitment to quality, innovation, and customer satisfaction, which have helped it establish a strong reputation in the market.
Sigma Solve IPO Details
| IPO Date | Sep 29, 2020 to Oct 9, 2020 |
| Listing Date | Oct 19, 2020 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,101,000 shares (aggregating up to ₹4.95 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Sigma Solve IPO Tentative Timetable
Sigma Solve IPO opens on Sep 29, 2020, and closes on Oct 9, 2020.
| 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 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
According to a report by NASSCOM, the Indian IT and IT-enabled services industry is expected to grow by 7.7% in FY 2021-22, reaching a total revenue of USD 194 billion. The report also highlights that the sector is expected to add 138,000 new jobs in the same period. The IT and IT-enabled services industry in India is driven by factors such as a skilled workforce, favorable government policies, and a large domestic market, among others.
Furthermore, the industry is being influenced by emerging trends such as cloud computing, artificial intelligence, machine learning, and the Internet of Things. These technologies are enabling businesses to improve efficiency, reduce costs, and deliver better services to customers.
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 Prospectus
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 Lead Manager(s)
- Beeline Broking Ltd (Past IPO Performance)
