Sotefin Bharat IPO: Price Band, Lot Size, Financials & Review
Sotefin Bharat IPO listed on BSE on Thu, 23 Jul 2026. The issue was subscribed 4.07x overall.
- Open Date
- 16 Jul 2026
- Close Date
- 20 Jul 2026
Last updated
- Price band
- ₹178 – ₹187
- Lot size
- 600 shares
- Min. investment
- ₹2,24,400
- Issue size
- ₹90 Cr
- Last GMP
- +₹2
- Subscribed
- 🔥 4.07x
Sotefin Bharat IPO details
Sotefin Bharat IPO is a ₹90 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 16 Jul 2026 to Mon, 20 Jul 2026. Allotment was finalised on Tue, 21 Jul 2026, and the shares listed on BSE on Thu, 23 Jul 2026.
The price band is ₹178 to ₹187 per share and the lot size is 600 shares, so the minimum retail application is ₹2,24,400. Retail investors can apply for up to 2 lots (1,200 shares, ₹2,24,400).
Alankit Assignments Ltd is the registrar, and Choice Capital Advisors Pvt Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Sotefin Bharat IPO GMP before listing was +₹2 (+1.07% against the upper price band of ₹187), implying an estimated listing price of ₹189. Across 10 days of tracking, GMP ranged from 0 (21 Jul) to +₹22 (14 Jul).
| Last GMP | +₹2 |
|---|---|
| GMP vs upper band | +1.07% |
| Estimated listing price | ₹189 |
| Highest (14 Jul) | +₹22 |
| Lowest (21 Jul) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Sotefin Bharat IPO day-wise GMP.
Subscription
Day-wise subscription →Sotefin Bharat IPO was subscribed 4.07x overall: QIB 2.82x, NII 6.40x and retail 3.78x.
| Category | Subscribed |
|---|---|
| QIB | 2.82x |
| NII | 6.40x |
| └ bNII (above ₹10 lakh) | 7.81x |
| └ sNII (₹2–10 lakh) | 3.59x |
| Retail | 3.78x |
| Total | 4.07x |
Final figures at the close of bidding on 20 Jul 2026. Category-wise bids, application-wise breakup and allotment chances are on the Sotefin Bharat IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 9,12,000 | 28.57% |
| Non-Institutional | 6,84,000 | 21.43% |
| └ BNII | 4,56,000 | 14.29% |
| └ SNII | 2,28,000 | 7.14% |
| Retail Investors | 15,96,000 | 50.00% |
| Total | 31,92,000 | 100.00% |
Sotefin Bharat IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,24,400 |
| Retail (Max) | 2 | 1,200 | ₹2,24,400 |
| S-HNI (Min) | 3 | 1,800 | ₹3,36,600 |
| S-HNI (Max) | 8 | 4,800 | ₹8,97,600 |
| B-HNI (Min) | 9 | 5,400 | ₹10,09,800 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹187, the issue is priced at 14.38x pre-issue earnings and 19.55x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
| EPS (pre-issue) Latest earnings per share before the issue | ₹13 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 14.38x |
| EPS (post-issue) EPS on the enlarged share capital | ₹9.56 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 19.55x |
| Promoter holding (pre-issue) | 41.54% |
| Promoter holding (post-issue) | 0.00% |
Sotefin Bharat Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹94.15 Cr to ₹118.23 Cr, and profit after tax rose from ₹11.31 Cr to ₹17.37 Cr. The PAT margin for 31 Mar 2026 was 14.69%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 129.06 | 98.68 | 60.64 |
| Total Income | 118.23 | 94.15 | 56.87 |
| Profit After Tax | 17.37 | 11.31 | 6.25 |
| Net Worth | 78.11 | 50.63 | 21.92 |
| Reserve & Surplus | 70.57 | 55.35 | 26.88 |
| Total Borrowings | 24.01 | 12.16 | 18.78 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 26.98 | 31.17 | 33.23 |
| ROCE % | 33.31 | 34.39 | 26.78 |
| Debt / Equity | 0.31 | 0.24 | 0.86 |
| RoNW % | 26.98 | 31.17 | 33.23 |
| Pat Margin % | 14.88 | 12.06 | 11.10 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal 16.87 |
| 2 | Funding capital expenditure requirements for the proposed new office premises 8.17 |
| 3 | Funding working capital requirements of the Company 40.00 |
| 4 | General Corporate Purposes |
About Sotefin Bharat Limited
Incorporated in 2012, Sotefin Bharat Ltd. is a leading provider of mechanised and automated parking solutions in India. The company offers complete turnkey parking projects, handling everything from system design and engineering to manufacturing, installation, commissioning, and long-term operations & maintenance (O&M).
Sotefin Bharat delivers advanced parking solutions using Swiss technology from Sotefin SA, a global automated parking specialist with installations in more than 30 countries and over 40,000 parking spaces worldwide.
Product Portfolio
The company offers a wide range of automated parking systems, including:
- Fully Automated Robotic Parking Systems powered by Sotefin SA's proprietary SILOMAT Shuttle and Dolly technology, ideal for large, space-constrained urban projects.
- Puzzle Parking Systems designed for residential and commercial buildings with limited parking space.
- Tower Parking Systems, including Travel Tower, Pallet, and Comb models, suitable for high-density public and institutional facilities.
- Stack Parking Systems, providing affordable parking solutions for residential developments.
In addition to these systems, the company offers customized end-to-end services, including project planning, design, manufacturing, installation, turnkey execution, maintenance, and after-sales support.
Manufacturing & Operations
Sotefin Bharat manufactures key structural components at its Bagnan, West Bengal facility while integrating advanced Swiss engineering to deliver reliable, efficient, and high-quality parking solutions.
As of 31 March 2026, the company had successfully completed more than 55 projects and was executing over 30 ongoing projects across India, the United States, and Dubai. Its strong execution capabilities have enabled it to build a significant presence in major Indian cities such as Delhi, Mumbai, Kolkata, Pune, and Thiruvananthapuram, along with international markets.
Customer Base
The company serves a diversified mix of private and government clients.
Its private sector customers include Hubtown Limited, AUM G.M. Heights, and Mesacon Spaces LLP.
Its government and public sector clients include:
- Municipal Corporation of Delhi (MCD)
- Brihanmumbai Municipal Corporation (BMC/MCGM)
- Central Public Works Department (CPWD)
- Mumbai Metropolitan Region Development Authority (MMRDA)
- National Highways and Infrastructure Development Corporation Limited (NHIDCL)
- South Delhi Municipal Corporation (SDMC)
Order Book
As of 31 March 2026, Sotefin Bharat had an order book of approximately ₹534.4 crore, providing strong revenue visibility for the coming years.
Competitive Strengths
- Strong Swiss engineering expertise adapted for Indian market requirements.
- ISO 9001:2015 certified quality management systems.
- Integrated and scalable turnkey project execution capabilities.
- Proven execution track record across India and international markets.
- Specialized expertise in automated and smart parking technologies.
- Comprehensive operations, maintenance, and after-sales support services.
Business Highlights
Robotic parking systems contributed 94.1% of the company's FY26 revenue, reflecting its strong focus on high-value automated parking solutions. As of 31 March 2026, Sotefin Bharat employed approximately 147 people, supporting its expanding operations and growing project portfolio.
Promoters
- Arup Choudhuri
- Jignesh Pravinchandra Sanghavi
- PISA International Pvt. Ltd.
Contact details
Sotefin Bharat Ltd. Address
72/B, Barakhola Kalikapur,
Kolkata, West Bengal, 700099
Phone: +91 82 8299 9547
Email: bdas@sotefinbharat.com
Website: https://www.sotefinbharat.com/
Sotefin Bharat IPO FAQs
- What is the Sotefin Bharat IPO price band?
- The Sotefin Bharat IPO price band is ₹178 to ₹187 per share.
- What is the Sotefin Bharat IPO lot size and minimum investment?
- The Sotefin Bharat IPO lot size is 600 shares. The minimum retail investment is ₹2,24,400 for one lot at the upper price band. Retail investors can apply for up to 2 lots (1,200 shares), costing ₹2,24,400.
- When was Sotefin Bharat IPO open for subscription?
- Sotefin Bharat IPO was open for subscription from Thu, 16 Jul 2026 to Mon, 20 Jul 2026.
- What is the Sotefin Bharat IPO subscription status?
- Sotefin Bharat IPO was subscribed 4.07x overall: QIB 2.82x, NII 6.40x and retail 3.78x. Day-wise and category-wise figures are on the subscription page.
- What was the Sotefin Bharat IPO GMP before listing?
- The last Sotefin Bharat IPO GMP before listing was +₹2 (+1.07% against the upper price band of ₹187), implying an estimated listing price of ₹189. Across 10 days of tracking, GMP ranged from 0 (21 Jul) to +₹22 (14 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the Sotefin Bharat IPO allotment date?
- The Sotefin Bharat IPO basis of allotment was finalised on Tue, 21 Jul 2026. You can check your allotment status on the Alankit Assignments Ltd website.
- What is the Sotefin Bharat IPO listing date?
- Sotefin Bharat IPO listed on BSE on Thu, 23 Jul 2026.
- Is the Sotefin Bharat IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Sotefin Bharat IPO?
- The registrar for the Sotefin Bharat IPO is Alankit Assignments Ltd, and the book running lead manager is Choice Capital Advisors Pvt Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.