Sotefin Bharat Summary
The core business operation entails design, manufacture, installation, and maintenance of parking solutions involving mechanical and automation, which offer a one-stop solution that encompasses the incorporation of latest automated parking solutions technology and related civil, electrical and software infrastructure required for end-to-end execution of the solution. The products of the company comprise of four major types of systems namely fully automated robotic parking systems which are driven by the SILOMAT Shuttle and Dolly technology from Sotefin SA, which accounts for about 89.6% of FY25 sales and is suitable for large scale, capacity intensive projects in constrained urban environments; Puzzle parking systems customized for small residential and commercial buildings; Tower parking systems comprising of travel tower, pallet and comb type tower parking systems designed for high density public and institutional buildings; and stack parking systems which provide value-for-money solutions for residential use. The company offers services ranging from design of the system, manufacturing, installation, turnkey execution, operations & maintenance (O&M) and after-sales services and caters to public and private sector customers such as MCD, MCGM, CPWD, MMRDA, NHIDCL among others, India and internationally including US and Dubai.
With regard to the process undertaken for carrying out business operations, the company carries out all design and manufacturing processes from their head office located at 72/B, Barakhola Kalikapur, Kolkata, West Bengal and makes use of their high technological collaboration with Sotefin SA, Switzerland, which is a 60-year-old company having more than 500 projects worth 40,000 parking spaces completed worldwide. By June 30, 2025, the company has executed over 55 projects while undertaking over 30 projects at present in various cities of India as well as foreign countries like the USA and Dubai. The company’s order book was valued at ₹677.09 Cr as on June 30, 2025, giving clear revenue visibility in the medium term. The company earns revenue not only from the one-time EPC execution contract but also from O&M contracts which provide revenue on annuity basis after completing the projects.
BSE SME book-built issue by Sotefin Bharat Limited, wherein face value is ₹10 per share with the price band of ₹178–₹187 per share. Total issue size of ₹89.76 Cr, comprising entirely a fresh issue of 50,00,000 equity shares with no Offer for Sale component — all proceeds go to the company for business growth. The issue is bifurcated between QIBs including Anchor (not more than 50% of net issue), NII (not less than 15% of net issue), and Retail Investors (not less than 35% of net issue), and the tentative listing will be on BSE SME on July 23, 2026.
Sotefin Bharat IPO Details:
Sotefin Bharat Limited Issue Management:
Choice Capital Advisors Pvt. Ltd. acts as the book-running lead manager for Sotefin Bharat BSE SME IPO, managing underwriting and compliance.
Sotefin Bharat Limited IPO RTA (Registrar) Details:
Bigshare Services Pvt.Ltd. handles allotment, refunds, and demat credits - contact at 8657578989/8069219065/8069219060 or ipo@bigshareonline.com.
Sotefin Bharat Limited IPO Allotment Status:
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Sotefin Bharat BSE SME IPO totals ₹89.76 Cr, comprising entirely a fresh issue of 50,00,000 equity shares with no OFS component. Net public offer after excluding market maker reservation to be confirmed from RHP.
(Pre-issue paid-up capital: 1,33,60,307 shares → Post-issue: 1,83,60,307 shares)
Sotefin Bharat Limited IPO proceeds from the fresh issue of ₹85.27 Cr will be deployed towards:
Sotefin Bharat BSE SME IPO offers 48,00,000 total shares. Based on standard BSE SME norms (QIB 50%, NII 15%, Retail 35%) applied to the net public issue (after excluding market maker shares). Minimum retail application: 2 lots (1,200 shares) at ₹2,24,400.
The anchor bidding for Sotefin Bharat Limited BSE SME IPO is scheduled for July 15, 2026, one working day before the issue opens on July 16, 2026. Anchor investors will be allotted shares from the QIB portion as per standard BSE SME IPO structure.
Lock-in: The anchor allotment follows standard SME IPO norms, where 50% of the anchor shares are locked in for 30 days and the remaining 50% for 90 days from the listing date of July 23, 2026 on BSE SME.
The anchor allocation details and investor list will be disclosed in the anchor book before the IPO opening. Choice Capital Advisors Pvt. Ltd. is the BRLM and Alankit Assignments Ltd. is the registrar.
Sotefin Bharat Limited is a mechanically and automatically driven Parking Solutions company with its corporate office in Kolkata incorporated in the year 2012 offering end-to-end Robotic, Puzzle, Tower & Stack Parking systems with the aid of technologies of Sotefin SA Switzerland. Increase in revenues by 65.6% from ₹56.87 Cr (FY24) to ₹94.15 Cr (FY25). PAT increased by 80.9% from ₹6.25 Cr (FY24) to ₹11.31 Cr (FY25). Robotic parking systems accounted for ~89.6% of total revenue in FY25. Book orders: ₹677.09 Cr as of June 30, 2025. 55+ completed projects, 30+ ongoing projects in India, USA & Dubai. Post Issue P/E: ~19.6x (post issue earnings – reasonable according to Chanakya Nipothi analysis). GMP as on date July 14, 2026: ₹18 – listed price ₹205 (9.63% above issue price of ₹187). Market Cap post issue: approx ₹343.34 Cr at upper band (1,83,60,307 shares × ₹187). Promoters: Mr. Arup Choudhuri, Mr. Jignesh Pravinchandra Sanghavi, PISA International Pvt. Ltd.
Action Links:
To apply for Sotefin Bharat Limited IPO, open a demat account here
Sotefin Bharat Limited IPO Subscription Status: Check live subscription here
Sotefin Bharat Limited IPO GMP Update: Check latest grey market premium here
Sotefin Bharat Key Highlights:
Sotefin Bharat Limited is an automated and mechanical parking solutions provider headquartered in Kolkata, West Bengal, incorporated in the year 2012. Products offered by the company: Fully Automated Robotic Parking Systems (SILOMAT Shuttle and Dolly technology by Sotefin SA, Switzerland — contributes to around 89.6% of revenues in FY25), Puzzle Parking Systems, Tower Parking Systems (Travel Tower, Pallet, Comb type), and Stack Parking Systems. Technological partnership: Sotefin SA, Switzerland — having 60+ years of experience, delivered 500+ projects worldwide and created 40,000 parking spaces. As on 30th June 2025: 55+ completed projects, 30+ ongoing projects in India, USA, and Dubai. Order Book: ₹677.09 Cr (as on 30th June 2025). Government customers: MCD, MCGM, CPWD, MMRDA, NHIDCL. Revenues: ₹94.15 Cr (for FY25), increased by 65.6% YoY. PAT: ₹11.31 Cr (for FY25), increased by 80.9% YoY. IPO: 100% fresh issue of 50,00,000 equity shares — all the amount raised would be utilized for setting up manufacturing facility, office premise and working capital. P/E after issue: ~19.6x. GMP: ₹18 (+9.63%). Promoters: Arup Choudhuri, Jignesh Pravinchandra Sanghavi, PISA International Pvt. Ltd. Lead Manager: Choice Capital Advisors Pvt. Ltd. Registrar: Alankit Assignments Ltd.
Sotefin Bharat Risk Factors:
The risks of Sotefin Bharat Limited IPO are mentioned below:
Peer Companies Not Listed — No Benchmark for Valuation: There are no comparable listed peers in the Indian automated parking solutions industry, hence valuation benchmarks based on P/E ratio and P/B ratio using peer companies cannot be considered. This would affect the valuations done by the investors.
Working Capital Intensive: Working capital of ₹40.00 Cr of ₹93.50 Cr of new issue size (42.8%) will go towards working capital needs due to intensive project execution requirements, large cycles of receivables and high cost of procurement of materials.
Project Implementation Risk: The implementation of automated parking system is highly dependent on civil works, electrical and software components. Delays due to any reason on the part of the clients regarding civil works, licenses etc. can impact revenue generation.
Technology Source Dependency on Sotefin SA: The critical competitive strength that the company enjoys i.e. the SILOMAT Shuttle and Dolly technology is sourced from Sotefin SA, Switzerland. Geopolitical risks in this regard need to be considered carefully.
Project Concentration Risks for Revenue: Revenue is highly dependent upon winning projects in the EPC sector. Any non-winning of projects or cancellation of the projects by big customers can cause large revenue fluctuations.
Manager’s Track Record: One IPO of an SME company from Choice Capital Advisors Pvt. Ltd. has been listed at a discount in 2026 – this company must be analyzed on its own merits.
BSE SME Liquidity Risk: The post-listing liquidity shall be poor due to lack of volume and analysts' attention. Even though the GMP is ₹18, the BSE SME companies have seen large price fluctuations in the first week after listing.
Sotefin Bharat Expert Analysis:
Sotefin Bharat BSE SME book-built IPO is priced at ₹178–₹187 per share (face value ₹10), aggregating ₹89.76 Cr — entirely a fresh issue of 48,00,000 shares with no OFS component. All proceeds go to the company.
Basic details of the IPO:
Type of IPO: Book-built SME IPO (BSE SME)
Uses of funds: New manufacturing facility in Kolkata (₹16.87 Cr), new office premises (₹8.17 Cr), working capital requirements (₹40.00 Cr), and general corporate purposes (₹20.24 Cr)
Anchor bidding: July 15, 2026 | Opens: July 16, 2026 | Closes: July 20, 2026 | Allotment: July 21, 2026 | Listing: July 23, 2026 (BSE SME)
Lead Manager: Choice Capital Advisors Pvt. Ltd. | Registrar: Alankit Assignments Ltd.
Expert View on the IPO:
Sotefin Bharat is a pioneering company in the nascent space of automated and robotic parking solutions in India with reliable Swiss technology provided by Sotefin SA (60+ years of experience, 500+ projects globally) and proven project execution credentials (55+ projects executed, 30+ projects underway, ₹677 Cr pipeline). The revenues have increased by 65.6% and PAT has grown by 80.9% in FY25. The structure of 100% fresh issue and utilization of funds in manufacturing and working capital augmentation is favorable to investors. The GMP of ₹18 (+9.63%) indicates moderately positive market sentiment. The post-issue P/E ratio of ~19.6x is not very high. But there are no listed peers, high working capital requirements (42.8% of the issue proceeds), project execution risks, and cautious consideration of lead manager's credentials required.
Should you invest in Sotefin Bharat?
Appropriate for investors with an interest in the medium to long term, looking for first mover opportunity in the automated/robotic parking infrastructure solutions market based on Swiss technology of 60 years vintage, ₹677 Cr strong order book, and improving fundamentals. For conservative and listing gain-oriented investors, GMP at ₹18 indicates only a small gain.
Consider investing when:
Looking for first mover exposure to India’s automated & robotic parking industry via a firm with 55+ executed projects, Rs 677 Cr order backlog, government clients (MCD, MCGM, CPWD, MMRDA, NHIDCL), and a Swiss technology collaboration (Sotefin SA).
No problem being the first mover in the BSE SME market without any benchmark peers, illiquidity in the shares, intensive working capital requirements, and an order-based revenue model.
Do not invest when:
Conservative regarding lack of listed peer benchmarks for valuation, dependence on working capital (42.8% of IPO proceeds), execution challenges inherent in EPC projects, and lead manager's history of just one 2026 discount listing.
Prefer firms that have listed peers, revenues from multiple sources, less working capital requirement, or less liquidity risk on BSE SME.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Sotefin Bharat Limited IPO, open a demat account here
Sotefin Bharat Limited IPO Subscription Status: Check live subscription here
Sotefin Bharat Limited IPO GMP Update: Check latest grey market premium here
1. What is the Sotefin Bharat Limited IPO open and close date?
Sotefin Bharat BSE SME IPO opens July 16, 2026 and closes July 20, 2026. Allotment: July 21. Refunds & Demat credit: July 22. Listing on BSE SME: July 23, 2026.
Track Sotefin Bharat Limited IPO subscription status live here from Finnpick.
2. What is the Sotefin Bharat Limited IPO price band and lot size?
The IPO is a book-built SME issue with a price band: ₹178–₹187 per share (face value ₹10). Lot size: 600 shares. Minimum retail application: 2 lots (1,200 shares) = ₹2,24,400 at upper price band.
3. What is Sotefin Bharat Limited IPO total size?
The total issue size is ₹89.76 Cr comprising 48,00,000 fresh issue equity shares. No OFS — all proceeds go to the company. Pre-issue paid-up capital: 1,33,60,307 shares → Post-issue: 1,83,60,307 shares. Listing on BSE SME.
4. How to apply for the Sotefin Bharat Limited IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or apply ASBA by July 20, 4 PM. Monitor Sotefin Bharat Limited IPO subscription tracker here. Ensure your demat account is active and UPI mandate is approved before the closing time.
5. How to check Sotefin Bharat Limited IPO Allotment Status?
The allotment date is on July 21st and can be checked on Bigshare Services Pvt.Ltd. RTA portal using PAN/DP ID.
6. What is Sotefin Bharat Limited IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹205 as of July 14, indicating listing at the price range of ₹205 - check daily updates of Sotefin Bharat Limited IPO GMP trends here and live subscription status here from July 16th opening only on Finnpick.
7. What does Sotefin Bharat Limited specialize in?
Sotefin Bharat Limited is a Kolkata-based mechanised and automated parking solutions company incorporated in 2012. Products: Fully Automated Robotic Parking Systems (SILOMAT Shuttle and Dolly technology from Sotefin SA, Switzerland — ~89.6% of FY25 revenue), Puzzle Parking Systems, Tower Parking Systems, and Stack Parking Systems. End-to-end EPC + O&M services. 55+ completed projects, 30+ ongoing in India, USA, and Dubai. Order book: ₹677.09 Cr.
8. When is the Sotefin Bharat Limited IPO listing date?
The IPO is scheduled to list on BSE SME on 23rd July 2026, subject to final confirmation from the exchange. Basis of allotment is tentatively on 21st July 2026, with refunds and demat credits around 22nd July 2026.
9. What are the Sotefin Bharat Limited IPO proceeds utilization details?
The IPO fresh issue proceeds of ₹89.76 Cr directed at: new manufacturing facility in Kolkata, West Bengal (₹16.87 Cr), proposed new office premises (₹8.17 Cr), working capital requirements (₹40.00 Cr), and general corporate purposes. (₹20.24 Cr)
10. Who are the promoters of Sotefin Bharat Limited?
The promoters of Sotefin Bharat Ltd. are Mr. Arup Choudhuri, Mr. Jignesh Pravinchandra Sanghavi, and PISA International Private Limited.
11. Should I apply for the Sotefin Bharat IPO?
You may Consider applying for medium-to-long-term exposure to India's automated and robotic parking sector — first-mover play backed by Swiss technology (Sotefin SA), ₹677 Cr order book, 55+ completed projects, government clients including MCD, MCGM, and CPWD, and GMP of ₹18 (+9.63%). Note: no listed peer benchmarks, high working capital dependency (₹40 Cr of IPO proceeds), project execution complexity, and BSE SME liquidity constraints. Minimum retail investment ₹2,24,400. This is for informational purposes only and not investment advice; read the RHP/DRHP and consult a SEBI-registered advisor before investing.
