Sigma Solve IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Let’s have a detailed review of the company and analytics of the Sigma Solve Limited IPO release date, IPO offer price, subscription, Sigma Solve IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Stock Broker Complaints


Sigma Solve IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 7.9/10
Industry Ranking 7.2/10
Company Background 8.1/10
Company Reputation 7.2/10
Competitive Edge 7.6/10
Financial Statements 8.0/10
Popularity Index 7.9/10
Promoters Reputation 8.2/10
Retail Appetite 7.7/10
Top Brokers Review 7.9/10
Overall Ratings 7.5/10
Star Ratings ★★★★☆

Summary of Sigma Solve IPO

Sigma Solve ipoTheir Company “Sigma” and “Sigma Solve Inc. are jointly offering enterprise software development. They offer turnkey consultancy services to their customers in their business domain.

They also in association with group entity “Sigma Solve” provide services related to Web & E-commerce Development, Real Time Application development, Business Intelligence Analytics, CRM Development, Digital Marketing, UI & UX Design, Automation Testing and Quality Assurance.

Their company’s 100% of the revenue is from export of services, and in order to provide hassle free payment facilities to their clients, they channelize their payment through “Sigma Solve Inc.”(Erstwhile group concern and now subsidiary company w.e.f. October 23, 2019), having their presence in Florida (USA), Atlanta (Home Office) and Australia (Home Office).

The Promoters of this company are MR. PRAKASH RATILAL PARIKH AND MRS. KALPANA PRAKASHBHAI PARIKH. The lead manager to the issue is BEELINE BROKING LIMITED. The Registrar to this issue is Link Intime India Private Limited.



Sigma Solve IPO Dates

The opening and the closing date of Sigma Solve IPO is not known yet.


Sigma Solve IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Sigma Solve IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Sigma Solve IPO Price Band / Cash Price

The face value of each share is Rs 10,and the cash price of the IPO is Rs.55. 


Sigma Solve IPO Size

The Issue (excluding the Market Maker Reservation Portion) of 1044000 Equity Shares of Rs.10/- each at Rs.55/- per Equity Share including share premium of Rs.45/- per Equity Share aggregating to Rs.574.20 Lakh by Sigma Solve Limited.


Sigma Solve IPO Share Offering

  • Equity Shares offered: 1100000 Equity Shares of Rs.10/- each at an Issue Price of Rs.55/- each aggregating to Rs.605.00 Lakh
  • Reserved for Market Makers: 56000 Equity Shares of Rs.10/- each at an Issue Price of Rs.55/- each aggregating to Rs.30.80 Lakh
  • Retail Portion: 522000 Equity Shares of Rs.10/- each at an Issue Price of Rs.55/- each aggregating to Rs.287.10 Lakh

Sigma Solve Limited – Company Overview

Their Company was incorporated as “Sigma Solve IT Tech Private Limited” at Ahmedabad on April 29, 2010. Subsequently, the name of their company was changed to “Sigma Solve Private Limited” and certificate to that effect was issued by Registrar of Companies, Ahmedabad on March 7, 2019.

Mr. Prakash Parikh commenced their company in 2010 to provide the IT and IT enabled services and to accelerate the business opportunities of Sigma Solve Inc., a Florida (USA) based IT Company originally floated as LLC jointly owned by Mr. Biren Zaverchand and Mr. Prerak Parikh, who is son in law and son respectively of their promoters. Since incorporation, their company and Sigma Solve Inc. jointly makes efforts to acquire the business opportunities and execute the work respectively.

Sigma Solve Ltd – Services

Sigma endeavors to bring together creativity and knowledge with positive business strategy to furnish the requirements of diverse clients with an inclusive range of their services which are comprehensive and cost effective. Their Company delivers services across all stages of the product life-cycle, which enables them to work with a wide-range of customers and allows them to develop, enhance and deploy their customers’ software products.

Sigma Solve Limited: Strategies

  • Expand our Current Business Relationships
  • Invest in infrastructure and technology
  • Optimal Utilization of Resources
  • Expand our Capabilities for Smartphones/ Mobiles Devices

Sigma Solve Limited: Software Salient Features

  •  Cost Effective
  •  Wide Distribution Network
  •  Easy to Install
  •  Compatibility with systems
  •  User Friendly

Sigma Solve Limited: Key Challenges

  • Technology Dependency
  • Integration with various Technology
  • Manpower Retention
  • Competition

Sigma Solve Ltd – Financial Statements

After having fine tunes, their work experience in association with Sigma Solve Inc. for more than 9 years, they have acquired 51.04% stake on October 23, 2019 by investing Rs.210.93 Lakhs in Sigma Solve Inc. and making it their subsidiary company.

Sigma Solve IPO Financial Summary

On the basis of Standalone statement:

Amount (in INR & Lakh)
October 31, 2019 March 31, 19 31 March, 18 March 31,17
Total Assets 444.49 222.35 109.47 66.29
Total Revenue 305.61 348.79 257.47 204.15
Total Expense 220.17
301.35
230.51 196.41
Profit After Tax 64.53 33.37 20.65 4.05

Earnings per Equity Share (in INR & Lakh)

Amount 
30-Jun-19 Mar-19 31-Mar-18 31-Mar-17
Basic & Diluted 2.71 3.30 2.04 0.40

 


Sigma Solve IPO – Promoters

The Promoters of this company are:

  • MR. PRAKASH RATILAL PARIKH
  • MRS. KALPANA PRAKASHBHAI PARIKH

List of Related Parties (Key Managerial Personnel)

  • Prakash Ratilal Parikh, Chairman cum Managing Director
  • Kalpana Parikh Prakashbhai, Whole-Time Director
  • Chinmay Himatlal Shah, Chief Financial Officer
  • Saurabh Balkrishna Shah, Company Secretary

Interest in promotion of the Company

Their Promoter is interested in their Company to the extent that it has promoted their Company and in respect of its shareholding in their Company and dividends, if any, received in relation to such holding.

Interests of Promoter in property of their Company

Their Promoter, Directors or Group Companies do not have any interest in any property acquired by their Company in the preceding three years before filing this Draft Prospectus. Further, they do not have any interest in any property to be acquired by their Company till the date of this Draft Prospectus.


Sigma Solve IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
 Equity Shares Offered  Up to 1100000 Equity Shares, aggregating up to Rs.605.00 Lakh
 Of which:
Reserved for Market Makers 56000 Equity Shares, aggregating up to Rs.30.80 Lakh
Net Issue to the Public* Up to 1044000 Equity Shares, aggregating up to Rs.574.20 Lakh
Non Retail Portion 522000 Equity Shares, aggregating to Rs 287.10 Lakh
Retail Portion
522000 Equity Shares, aggregating to Rs 287.10 Lakh
 Equity Shares outstanding prior to the Issue 3010000 Equity Shares
 Equity Shares outstanding after the Issue 4110000 Equity Shares

Sigma Solve IPO Issue Object

These are the IPO Issue Objects of the company:

1. Acquisitions And Other Strategic Initiatives;
2. Investment in our Subsidiary;
3. General Corporate Purpose;
4. Public Issue Expenses


Sigma Solve IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • User Experience Design
  • Customer Focus
  • Unique work culture

Sigma Solve IPO – Quantitative Factors

Basic & Diluted EPS RONW in % NAV (Rs.)
31-Mar-17 0.40 12.80
31-Mar-18 2.04 39.46
31-Mar-19 3.30 38.94 8.49
  • Price to Earnings (P/E) ratio in relation to Price band of Rs. 55 per Equity Share
Particulars P/E ratio
Highest
Average
Lowest

Sigma Solve Limited – Competitive Peers

Below are the top competitors:

Sr. No.  Particulars Face Value  (in Rs.) Basic EPS (In Rs.) P/E Ratio RONW (%)  NAV (In Rs.)
1 Sigma Solve Limited 10 3.30 16.67 38.94 8.49
2 Dev Information Technology Limited^ 10 7.90 9.08 14.78% 53.42
3 Infobeans Technologies Limited^ 10 8.01 8.36 15.56% 51.54
Innovana Thinklabs Limited^ 10 21.36 14.47 80.72% 26.47

Sigma Solve IPO Lead Managers

Lead Managers
BEELINE BROKING LIMITED
SEBI Registration Number: INM000012546
Address: 807, Phoenix Tower, Opp. New Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380 009
Telephone Number: +91 79 4840 5357
Email Id:
Investors Grievance Id:
Website: www.beelinebroking.com
Contact Person: Mrs. Khushbu Shah

Sigma Solve IPO Registrar to Offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai, Maharashtra 400 083
Tel: +91 22 4918 6200
Email Id:
Investors Grievance Id:
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Goapalkrishnan
CIN: U67190MH1999PTC118368

Other Details of Sigma Solve Ltd

  • Statutory Auditor – M/s. A Y & Company
  • Legal Counsel to the Company – Dhruvesh K. Trivedi
  • Bankers to the Company – HDFC Bank Limited

Sigma Solve IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10

Sigma Solve IPO Grey Market Premium

The Sigma Solve IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Sigma Solve IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


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