Sotefin Bharat IPO
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Sotefin Bharat IPO details
Schedule of Sotefin Bharat
| Issue open date | 14 Jul 2026 |
| Issue close date | 16 Jul 2026 |
| UPI mandate deadline | 16 Jul 2026 (5 PM) |
| Allotment finalization | 17 Jul 2026 |
| Refund initiation | 20 Jul 2026 |
| Share credit | 20 Jul 2026 |
| Listing date | 21 Jul 2026 |
| Mandate end date | 31 Jul 2026 |
| Lock-in end date for anchor investors (50%) | 15 Aug 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Oct 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sotefin Bharat
Sotefin Bharat Limited provides mechanised and automated parking solutions through turnkey projects. The company designs, manufactures, installs, commissions, and maintains automated parking systems, integrating the required supporting infrastructure to deliver complete end-to-end solutions. Its product portfolio includes customised automated parking systems designed to maximise space utilisation and address different parking requirements. The company manufactures key structural components in-house at its Bagnan, Howrah facility, while sourcing certain specialised components and patented robotic technology from Sotefin SA, Switzerland. It generates revenue primarily by executing parking system projects for government bodies and private real estate developers, along with operations and maintenance (O&M) services. As of March 31, 2026, it had completed more than 55 projects and was executing over 30 projects across India and select international markets, including the United States and Dubai.
Financials of Sotefin Bharat
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 89.76 |
| Fresh issue – Proceeds go to the company | 89.76 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Set up a new manufacturing facility in Kolkata, West Bengal | 20.13 (22.43%) |
| Purchase new office premises | 8.17 (9.10%) |
| Meet working capital requirements | 40.00 (44.56%) |
| General corporate purposes | 21.46 (23.91%) |
Strengths
- Provides end-to-end automated parking solutions covering design, manufacturing, installation and maintenance.
- Manufactures key structural components in-house while integrating patented parking technology from Sotefin SA.
- Has completed over 55 projects and was executing more than 30 projects as of March 31, 2026.
- Serves government bodies and private real estate developers across automated parking projects.
- Offers operations and maintenance (O&M) services beyond project execution.
Risks
- The company depends on patented parking robot technology sourced from Sotefin SA, Switzerland.
- Its business relies heavily on a few customers, with the top 10 contributing over 91% of FY26 revenue.
- A large share of revenue comes from government projects, exposing it to policy changes and payment delays.
- Disruptions in third-party raw material or component supplies could affect operations and increase costs.
- Project execution delays could lead to penalties and liquidated damages under customer contracts.