Sotefin Bharat IPO

About Sotefin Bharat IPO

The Sotefin Bharat IPO, an SME IPO, opens on Thursday, July 16, 2026 and closes on Monday, July 20, 2026. The allotment of shares will take place on Tuesday, July 21, 2026. The credit of shares to the demat account will take place on Wednesday, July 22, 2026. The initiation of refunds will take place on Wednesday, July 22, 2026. The listing of shares will take place on Thursday, July 23, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE SME platform.

The offer consists of a fresh issue component. The fresh issue will include 48,00,000 shares of face value ₹10 each aggregating up to ₹89.76 crores. Out of this, 2,40,000 equity shares aggregating up to ₹4.49 crores are reserved for subscription by the Market Maker, and the Net Issue to the public is 45,60,000 Equity Shares aggregating up to ₹85.27 crores.

Sotefin Bharat IPO's price band is set at ₹178 to ₹187 per share. The lot size for an application is 600. The minimum amount of investment required by a retail investor is ₹2,24,400 (1,200 shares) (based on upper price).

The company provides mechanised and automated parking solutions on a turnkey basis, covering system design, in-house manufacturing, installation, and operations and maintenance.

Objectives of Sotefin Bharat IPO

• Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal.
  
• Funding capital expenditure requirements for the proposed new office premises.
  
• Funding working capital requirements of the Company.
  
• General corporate purposes.
  

Industry Outlook

Automated parking systems replace ramps and driveways with mechanised vehicle handling. The technology delivers 50% to 70% higher vehicle density than conventional parking layouts, improves reliability through IoT-enabled monitoring, and cuts emissions by reducing vehicle idling and circulation.

Land scarcity is the primary driver. Rising urbanisation and the wider adoption of automation technologies have pushed the global automated parking system market onto a growth path projected at a compound annual growth rate of roughly 12% to 18% between 2023 and 2030.

India's market has entered sustained expansion. It is projected to grow from USD 679.8 million in CY2025 to USD 888.1 million by CY2031, a cumulative increase of more than 30% at a forecast CAGR of 4.6%. Policy impetus and higher urban infrastructure investment underpin the forecast.

Tier-I cities including Mumbai, Delhi, Bengaluru, and Hyderabad lead adoption. Tier-II cities are beginning to specify automated parking in municipal and mixed-use projects, and public-private partnerships in parking infrastructure are expected to add further demand.

About Sotefin Bharat

Sotefin Bharat was incorporated in Kolkata in 2012 and manufactures mechanised and automated parking systems. It operates a 40,000 sq. ft. facility at Bagnan, Howrah, where structural components are produced in-house, while electro-mechanical components are sourced from vendors including Leuze Electronic Private and Nord Drivesystems Private Limited.

As of March 31, 2026, the Company had completed more than 55 projects, comprising over 12,000 automated parking spaces, and had more than 30 projects under execution. Delivery has spanned Delhi, Kolkata, Mumbai, Pune, Varanasi, and Trivandrum, along with the United States and Dubai. Mumbai alone contributed 82.55% of FY 26 revenue. Arup Choudhuri, Chairman and Managing Director and one of the three Promoters, brings over 25 years of experience in the parking industry, and the Company employed 147 permanent employees as of the date of the RHP.

Strengths of Sotefin Bharat

• Swiss Engineering Excellence Adapted for India.
  
• International Quality and Safety Certifications.
  
• Integrated, Customized and Scalable Execution Capabilities.
  
• Established Execution Track Record with a Diversified Client Base.
  
• Domain Expertise in Automated and Smart Parking Solutions.
  
• Comprehensive Post-Sale Service and Long-Term Support.
  

Risks of Sotefin Bharat

• Dependence on patented parking robot technology sourced from a Swiss supplier exposes the company to supply chain and intellectual property risks.
  
• Heavy reliance on government projects and delayed payment recoveries could adversely impact revenue and cash flows.
  
• Disruptions in raw material supply, price fluctuations, or product quality issues may affect operations and increase after-sales costs.
  
• Project execution delays could lead to liquidated damages, penalties, and other contractual liabilities.
  

Peer Comparison

The Red Herring Prospectus states that the Company does not have any listed industry peers in India, and that it is accordingly not possible to provide an industry comparison in relation to the Company. No peer comparison table is presented in the RHP, and none is reproduced here.

Anchor Investor Bidding Date: Wednesday, July 15, 2026

IPO Registrar
Bigshare Services Private Limited
Phone: 022-62638200
Email: ipo@bigshareonline.com

Book Running Lead Manager
Choice Capital Advisors Private Limited

Sotefin Bharat Contact Details
72/B, Barakhola Kalikapur, Kolkata, West, Bengal, India, 700099.
Phone: +91 82 8299 9547
Email Id: bdas@sotefinbharat.com

Sotefin Bharat Business Model

Four product lines drive the revenue mix: fully automated robotic parking, puzzle parking, tower parking, and stack parking. Robotic parking contributed 94.14% of revenue from operations in FY 26. Customers fall into two principal segments government bodies and public sector agencies, which accounted for 56.52% of FY 26 revenue, and private real estate developers, which accounted for 43.46%.

Pricing is project-specific and awarded through competitive tender in the case of government contracts. Structural components are manufactured in-house at Bagnan, Howrah, while the patented SILOMAT Dolly robotic carriage is sourced from Sotefin SA, Switzerland, and the Company intends to localise its production in India to reduce cost and improve supply chain resilience.

Sotefin Bharat Growth Trajectory

Sotefin Bharat Limited's Total Income for FY 26 was ₹118.23 crores, whereas in FY 25 and FY 24 it was ₹94.15 crores and ₹56.87 crores, respectively.

The Profit After Tax for FY 26 was ₹17.37 crores, whereas in FY 25 and FY 24 it was ₹11.31 crores and ₹6.25 crores, respectively.

Their EBITDA for FY 26 was ₹29.83 crores, whereas in FY 25 and FY 24 it was ₹18.46 crores and ₹10.54 crores, respectively.

Sotefin Bharat Market Position

Sotefin Bharat has executed projects in Delhi, Kolkata, Mumbai, Pune, Varanasi, and Trivandrum, as well as in the United States and Dubai. Mumbai accounted for 82.55% of revenue from operations in FY 26 and Delhi for 14.19%. The client base includes the Municipal Corporation of Delhi, the Municipal Corporation of Greater Mumbai, the Central Public Works Department, the Mumbai Metropolitan Region Development Authority, the National Highways and Infrastructure Development Corporation Limited, and the South Delhi Municipal Corporation, alongside private developers such as Aum G.M. Heights, Hubtown Limited, and Mesacon Spaces LLP.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹118.23 crores, ₹17.37 crores, and ₹29.83 crores, respectively.

How to apply for Sotefin Bharat IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.