About the Company:
Sigma Solve Ltd is engaged in the business of providing the IT and IT enabled services.Company’s registered office situated at Ahmedabad, (Gujarat) India.
company was formed 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 our promoters.
The operation of our company is controlled from our registered office situated at Ahmedabad, (Gujarat) India.
company’s 100% of the revenue is from export of services, and in order to provide hassle free payment facilities to our clients, we channelize our payment through “Sigma Solve Inc.”(Erstwhile group concern and now subsidiary company w.e.f. October 23, 2019),
Company do not have any identified customers being almost 100% of sales is booked by Sigma Solve Inc., and subsequently, our company “Sigma” is charging on monthly basis to Sigma Solve Inc.
Company “Sigma” and “Sigma Solve Inc. are jointly offering enterprise software development and offer turnkey consultancy services to our customers in their business domain.
Company 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.
Subsidiary Entity Locations:
Sigma Solve Inc. having their offices at Florida (USA), Atlanta (Home Office), Australia (Home Office).
Services offered by the Company:
Management Team:
- Mr. Prakash Ratilal Parikh (Designation: Chairman cum Managing Director)
- Mrs. Kalpana Prakashbhai Parikh (Designation: Whole-Time Director)
Objectives of the Issue:
- Acquisitions And Other Strategic Initiatives.
- Investment in our Subsidiary.
- General Corporate Purpose.
Financials of the Company:
| (in Crores) | FY 18 | FY 19 | FY 20 |
|---|---|---|---|
| Revenue | 2.57 | 3.48 | 5.68 |
| Net Profit | 0.23 | 0.34 | 0.65 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Sigma Solve Limited | 10 | 5.73 | 7.85 | 28.023% | 17.78 |
| Infobeans Technologies Ltd | 10 | 10.04 | 12.49 | 16.37% | 60.78 |
| Innovana Thinklabs Ltd | 10 | 20.52 | 4.26 | 29.71% | 37.08 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 29th September 2020 |
| Issue Closes on:. | 9th October 2020 |
| Issue Price | Rs.45 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,35,000 |
| Issue Constitutes | 26.78% |
| Issue Size | Rs.4.95 cr |
| Market Cap | Rs.18.49 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 11,01,000 |
| Equity Shares Prior to the Issue | 30,10,000 |
| Equity Shares after the Issue | 41,11,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 5.73 | 7.85 | 28.23% | 17.78 |
| Check IPO Allotment Status: |
|---|
Link InTime: https://linkintime.co.in/PublicIssue/BSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Sigma Solve Limited 305-308, 3rd floor, Alpha Megacone House, Opp. Armieda, Sindhu Bhavan Road, S G Highway, Ahmedabad – 380 054; Telephone No.: +91 79 2970 8387; E-Mail: compliance@sigmasolve.net Web site: www.sigmasolve.in |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: +91 22 4918 6200 Email Id: sigma.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| BEELINE BROKING LIMITED 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: mb@beelinemb.com Website: www.beelinebroking.com |
