About Sotefin Bharat IPO
Sotefin Bharat IPO Details
Sotefin Bharat IPO is a 100% book-built issue of 48 lakh equity shares, worth up to ₹90 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 30, 2025 and received approval on April 1, 2026.
The price band of the issue is set at ₹178 to ₹187 per share and the lot size for an application is 600 shares. The minimum amount of investment required by an individual investor is ₹2,24,400 (1,200 shares). The IPO will be open for subscription from July 16 to 20, 2026, on the BSE SME platform, with a tentative listing date fixed as July 23, 2026. The book-running lead manager of the issue is Choice Capital Advisors Private Limited, while the registrar to the offer is Bigshare Services Private Limited.
Sotefin Bharat IPO Date & Timeline
The Sotefin Bharat IPO is officially set to open for subscription on Jul 16, 2026 and will close on Jul 20, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on December 30, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 21, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 22, 2026. Finally, shares of Sotefin Bharat Ltd. are tentatively scheduled to list on the stock exchanges on Jul 23, 2026.
Sotefin Bharat IPO Timeline
| IPO Open Date | Thu, Jul 16, 2026 |
| IPO Close Date | Mon, Jul 20, 2026 |
| Tentative Allotment | Tue, Jul 21, 2026 |
| Initiation of Refunds | Wed, Jul 22, 2026 |
| Credit of Shares to Demat | Wed, Jul 22, 2026 |
| Tentative Listing Date | Thu, Jul 23, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Sotefin Bharat IPO Details
| Detail | Description |
|---|---|
| IPO Date | 16 to 20 Jul, 2026 |
| Listing Date | 23 Jul, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 178 to ₹ 187 |
| Lot Size | 600 Shares |
| IPO Type | Fresh Capital |
| Total Issue Size | 48,00,000 shares (agg. up to ₹ 90 Cr) |
| Reserved for Market Maker | 2,40,000 shares (agg. up to ₹ 4 Cr) Choice Equity Broking Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 45,60,000 shares (agg. up to ₹ 85 Cr) |
| Net Offered to Public | 45,60,000 shares (agg. up to ₹ 85 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,33,60,307 shares |
| Share Holding Post Issue | 1,81,60,307 shares |
Sotefin Bharat IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
Sotefin Bharat IPO GMP is currently trading at ₹22, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹209, which is 11.76% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Sotefin Bharat GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 15 Jul 2026 | ₹187 | ₹22 | 15 Jul, 202610:46 AM |
| 14 Jul 2026 | ₹187 | ₹21 | 14 Jul, 202602:54 PM |
| 13 Jul 2026 | ₹187 | ₹17 | 13 Jul, 202610:13 AM |
Company Background
Sotefin Bharat Ltd. was originally incorporated as Pisa-Sotefin Parking Private Limited in Kolkata, West Bengal, on March 16, 2012. Over the years, its corporate structure changed as it expanded its operations and manufacturing facilities. Then, on November 17, 2016, the company changed its name to Sotefin Parking Private Limited and on January 1, 2025, to Sotefin Bharat Private Limited.
But to proceed with its public listing procedure, on November 28, 2025, the company officially transformed into a public listing company and on December 30, 2025, the company filed its draft papers with SEBI for a public market debut.
The company has grown from a structural contractor into a comprehensive provider of automated parking infrastructure across multiple major Indian metropolitan cities but is officially backed by Sotefin SA, Switzerland. Till FY26, the company has completed over 55 projects and over 30 projects are in the process across multiple locations in India.
Operations & Product Range
Sotefin Bharat Ltd. operates on an integrated engineering, procurement and construction (EPC) model aligned for automated parking systems (APS). The core operating model spans the entire project lifecycle, including system design to multi-year operations and maintenance (O&M) contracts. The primary solutions delivered by the company include high-density, fully automated robotic parking structures powered by Silomat shuttle and dolly technology. The target customer base is split between corporate private real estate developers and major government bodies or municipal corporations seeking smart city infrastructure enhancements.
Facilities & Capacity
The core manufacturing and heavy structural fabrication activities of Sotefin Bharat Ltd. are centralised in Kolkata, West Bengal. This industrial manufacturing plant encompasses a built-up area of around 40,000 square feet. The company has provided a complex range of automated parking systems customised to enhance efficiency.
To support vertical integration, the company has structured expansion plans to utilise a portion of its remaining free land area at the Bagnan site to set up a new facility focused on the localised assembly and production of advanced robotic components, which historically required external importation.
Brands & Market Presence
Sotefin Bharat Ltd. has established a highly visible geographic footprint within India’s largest metropolitan municipal boundaries. It has successfully executed more than 55 urban projects, altogether deploying 12,000+ automated car spaces across major urban markets, including major municipal segments in Mumbai, Delhi, Kolkata, Pune, Trivandrum and Varanasi. While the overwhelming majority of its business focus is placed on domestic markets, the firm has achieved select international exposure by securing initial project footprints in export markets such as Dubai and the US. The automated infrastructure solutions operate under strict quality management processes, supported by international technical credentials, including CE certification and compliance audits conforming to European machinery and electrical safety standard protocols.
Revenue Streams & Business Model
Sotefin Bharat Ltd. generates revenue primarily from fixed-price engineering and construction contracts for automated parking systems, with milestone-linked billing. A secondary revenue stream comes from annual maintenance contracts (AMC) and operations services post-commissioning. Mumbai is the largest contributor, accounting for ₹96.37 crore (82.55%) of operational revenue in FY26, an increase from ₹53.21 crore in FY25. Delhi contributed ₹16.57 crore (14.19%) in FY26, while other regions and direct exports made up the remainder of revenue.
Financial Performance
Sotefin Bharat Ltd. has demonstrated consistent financial growth, driven by expanding order execution across residential and commercial developments. Revenue from operations rose from ₹56.28 crore in FY24 to ₹93.78 crore in FY25, reaching ₹116.75 crore in FY26. Profitability tracked this upward trajectory, with net profit increasing from ₹6.25 crore in FY24 to ₹11.31 crore in FY25 and further to ₹17.37 crore in FY26. The firm maintains strong margins, recording an EBITDA margin of 25.55% in FY26.
Management & Shareholding
The promoters of Sotefin Bharat Ltd. are Arup Choudhuri, Jignesh Pravinchandra Sanghavi and Pisa International Private Limited. Before the IPO, the promoters and promoter group collectively held a 41.54% stake in the company, but after the IPO, the promoters' and promoters' ownership will be slightly diluted as the offering includes a 100% fresh issue of shares with no OFS, which invites the public to join the company; no existing shareholder is diluting their shareholding.
Board & Key Management
The leadership of Sotefin Bharat Ltd. is led by a team of experts with many years of experience. Arup Choudhuri serves as the Chairman & Managing Director and gives strategic direction to the firm, also manages the daily operations, along with Whole-Time Directors Jignesh Pravinchandra Sanghavi and Monalisa Ghosh. To ensure good governance, the board includes Independent Directors Durga Shanker Mishra, Janardan Sitaram Kunte and Girraj Prasad Garg for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Sotefin Bharat IPO Financial Information
Latest Revenue
116.75
₹ Crore
Profit After Tax
17.37
₹ Crore
Net Worth
78.11
₹ Crore
Total Borrowing
24.01
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 129.06 | 116.75 | 17.37 | 78.11 | 70.57 | 24.01 | |||
| 31 Mar 2025 | 98.68 | 93.78 | 11.31 | 50.63 | 55.35 | 12.16 | |||
| 31 Mar 2024 | 60.64 | 56.28 | 6.25 | 21.92 | 26.88 | 18.78 | |||
| 31 Mar 2023 | 46.48 | 37.2 | 4 | 15.67 | 20.71 | 17.13 | |||
| Amount in ₹ Crore | |||||||||
Sotefin Bharat Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 26.98 % |
| ROCE | 33.31 % |
| Debt/Equity | 0.31 |
| RoNW | 26.98 % |
| PAT Margin | 14.88 % |
| EBITDA Margin | 25.55 % |
| Price to Book Value | 4.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13 | 9.56 |
| P/E (x) | 14.38 | 19.55 |
Sotefin Bharat IPO Objectives
The company intended to utilise the Sotefin Bharat IPO proceeds for the strategic purposes:
- • Funding the setup of new manufacturing facilities in Kolkata
- • Funding the capital requirement of new office premises
- • Funding the working capital requirements
- • General corporate purposes
Sotefin Bharat IPO Review
Sotefin Bharat Ltd.’s position within the domestic infrastructure value chain reveals a highly specialised corporate footprint. The business operates within a high-barrier engineering sector that directly addresses land scarcity challenges across tier-one metro cities. By positioning its services at the intersection of automated urban planning and mechanical engineering, the company has successfully integrated its technical delivery model to match institutional standards required by municipal corporations.
Financially, the company has shown growing and profitable financial statements. For FY26, the company has shown a total income of ₹118.23 crore and a PAT of ₹17.37 crore, with an EBITDA of ₹29.83 crore. Notably, the company has shown a growing asset value from ₹98.68 crore to ₹129.06 crore.
However, investors must be aware of both sides of the company, from key strengths to potential risks. Key strength includes specialized expertise in automated robotic car parking systems, backed by established technology and an early-mover advantage in urban real estate infrastructure, while potential risks include high dependency on real estate cycles, substantial working capital requirements, project execution delays and potential customer concentration.
Overall, the Sotefin Bharat IPO Review shows that potential investors should balance the company's clear revenue scalability against its region-specific revenue concentration and operational working capital pressures before making an investment decision.
Conclusion
Sotefin Bharat IPO is an opportunity for investors to invest in a growing company that is engaged in the design, engineering, installation and multi-year maintenance of fully automated robotic car parking systems and mechanical storage solutions, with a clear focus on serving the growing market for automated urban transit infrastructure in India. The underlying industry opportunity remains supported by smart city capital budgets and municipal rules mandating optimal land utilisation. With this listing, the company aims to set up its new manufacturing facilities in Kolkata and to fund the expenses of new office premises.
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | 224400 |
| Individual investors (Retail) (Max) | 2 | 1200 | 224400 |
| S-HNI (Min) | 3 | 1800 | 336600 |
| S-HNI (Max) | 8 | 4800 | 897600 |
| B-HNI (Min) | 9 | 5400 | 1009800 |