Sotefin Bharat Opens ₹89.76 Crore BSE SME IPO; Funds Directed to West Bengal Expansion

MUMBAI — Sotefin Bharat Limited, a turnkey provider of robotic and mechanized automated parking solutions, has officially launched its Initial Public Offering (IPO) for public subscription on Thursday, July 16, 2026. The company is aiming to raise up to ₹89.76 crore through a listing on the BSE SME platform, capitalizing on the rapidly growing domestic demand for smart urban parking infrastructure.

The public subscription window will remain open for three trading sessions, closing on Monday, July 20, 2026.

IPO Issue Details & Timeline

The public offering is structured entirely as a book-built issue with no offer-for-sale component from existing shareholders. The key structural parameters of the offering include:

• Fundraising Target: Up to ₹89.76 crore via a fresh issue of 48,00,000 equity shares with a face value of ₹10 each.

• Price Band: Fixed between ₹178 and ₹187 per equity share.

• Lot Size & Investment: The minimum lot size for retail investors is fixed at 1,200 shares (comprising two lots of 600 shares). At the upper price band, this translates to a minimum retail application size of ₹2,24,400. High Net-worth Individuals (HNIs) are required to apply for a minimum of three lots (1,800 shares).

• Share Allocation Structure: Up to 50% of the net offer is allocated to Qualified Institutional Buyers (QIBs), inclusive of the anchor portion. Not less than 35% is reserved for Retail Individual Investors (RIIs), and the remaining 15% is set aside for Non-Institutional Investors (NIIs/HNIs).

Strategic Utilization of Proceeds

The net proceeds generated from the fresh equity issue are earmarked for targeted capital expenditure to support domestic infrastructure expansion. A major portion of the funds will be deployed to set up a brand-new manufacturing facility in Kolkata, West Bengal, alongside purchasing new corporate office premises. The remaining capital will be utilized to bridge working capital gaps and meet general corporate requirements.

Company management highlighted that the public issue marks a critical operational milestone, directly enabling the firm to ramp up its localized manufacturing capabilities, upgrade its engineering technology stacks, and bolster overall project execution velocity across premium municipal and commercial sectors.

Corporate History and Financial Trajectory

Incorporated in 2012, Sotefin Bharat operates with extensive technology support and intellectual property backing from its Swiss promoter, Sotefin SA, which has been a global pioneer in automated parking systems since 1956. The Indian entity handles an integrated business ecosystem spanning design, engineering, component manufacturing, installation, and long-term operations and maintenance (O&M).

To date, the engineering firm has successfully executed over 55 automated parking projects globally and manages a pipeline of over 30 ongoing assignments across major metropolitan Indian cities, the United States, and Dubai.

Financially, the company entered the primary market on a strong footing. For the fiscal year ended March 31, 2026, Sotefin Bharat reported a robust 26% year-on-year revenue expansion to ₹116.75 crore. The company’s EBITDA stood at ₹29.83 crore, while its Profit After Tax (PAT) registered an impressive 54% surge to reach ₹17.37 crore compared to the preceding financial year.

Choice Capital Advisors Private Limited is acting as the sole book-running lead manager for the transaction, while Bigshare Services Private Limited has been appointed as the official registrar to the issue. Following the close of the subscription window, the equity shares are tentatively scheduled to debut on the BSE SME exchange on Thursday, July 23, 2026.