Sotefin Bharat IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 2.82x |
| NII | 6.05x |
| sNII (₹2L–₹10L) | 3.59x |
| bNII (above ₹10L) | 7.28x |
| Retail (RII) | 3.78x |
| Total | 3.99x |
Bidding day 5 · final figures at close of bidding: 23 Jul 2026, 6:30 pm IST
IPO Details
- Open Date
- 16 Jul 2026
- Close Date
- 20 Jul 2026
- Listing Date
- 23 Jul 2026
- Face Value
- ₹10
- Fresh Issue
- ₹85.27 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- Bigshare Services
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,24,400 |
| HNI (Min) | 3 | 1,800 | ₹3,36,600 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| Anchor | 13,68,000 | 30% |
| QIB (ex-anchor) | 9,12,000 | 20% |
| NII | 6,84,000 | 15% |
| — sNII (< ₹10L) | 2,28,000 | 5% |
| — bNII (> ₹10L) | 4,56,000 | 10% |
| Retail | 15,96,000 | 35% |
| Total | 45,60,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 56.87 | 6.25 | 10.54 | 21.92 | 60.64 | 18.78 | — |
| FY 2025 | 94.15 | 11.31 | 18.46 | 50.63 | 98.68 | 12.16 | — |
| FY 2026 | 118.23 | 17.37 | 29.83 | 78.11 | 129.06 | 24.01 | 13 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 14.38x
- P/E (post-issue)
- 19.55x
- RoNW
- 26.98%
- RoE
- 26.98%
- RoCE
- 33.31%
- Debt / Equity
- 0.31
- EPS (pre-issue)
- ₹13
- EPS (post-issue)
- ₹9.56
- EBITDA Margin
- 25.55%
- PAT Margin
- 14.88%
- P/BV
- 4.68x
- NAV / share
- ₹60
- Market Cap
- ₹339.6 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal | ₹20.13 Cr |
| Funding capital expenditure requirements for the proposed new office premises | ₹8.17 Cr |
| Funding working capital requirements of the Company | ₹40 Cr |
| General Corporate Purposes | Not disclosed |
Net-proceeds utilisation as disclosed in the offer document.
Promoters & Shareholding
Promoters: <p>Arup Choudhuri, Jignesh Pravinchandra Sanghavi, PISA International Pvt.Ltd.</p>
- Holding (pre-issue)
- 41.54%
Documents
Anchor Investors
| Investor | Category | Shares | Price | Amount ₹Cr | Allocation |
|---|---|---|---|---|---|
| AIDOS INDIA FUND LTD. | Other | 1,89,000 | ₹187 | 3.53 | 13.82% |
| GETFIVE OPPORTUNITY FUND I | Other | 1,60,800 | ₹187 | 3.01 | 11.75% |
| MINT FOCUSED GROWTH FUND PCC-CELL 1 | Other | 1,07,400 | ₹187 | 2.01 | 7.85% |
| STEPTRADE REVOLUTION FUND | Other | 1,07,400 | ₹187 | 2.01 | 7.85% |
| Svan Velocity Fund | Other | 1,07,400 | ₹187 | 2.01 | 7.85% |
| VIJIT GROWTH FUND | Other | 1,07,400 | ₹187 | 2.01 | 7.85% |
| VIKASA INDIA EIF I FUND-SHARE CLASS P | Other | 1,07,400 | ₹187 | 2.01 | 7.85% |
| India Infinite | Other | 78,000 | ₹187 | 1.46 | 5.7% |
| The Golden Bird Investment Trust 1 | Other | 78,000 | ₹187 | 1.46 | 5.7% |
| Laxminarayan Vyapaar Pvt.Ltd. | Other | 55,200 | ₹187 | 1.03 | 4.04% |
| ABUNDANTIA CAPITAL VCC-ABUNDANTIA CAPITAL III | Other | 54,000 | ₹187 | 1.01 | 3.95% |
| CCV EMERGING OPPORTUNITIES FUND I | Other | 54,000 | ₹187 | 1.01 | 3.95% |
| HEM GROWTH OPPORTUNITIES FUND | Other | 54,000 | ₹187 | 1.01 | 3.95% |
| MINERVA VENTURES FUND | Other | 54,000 | ₹187 | 1.01 | 3.95% |
| Samraddh Bharat Special Opportunities Fund- I | Other | 54,000 | ₹187 | 1.01 | 3.95% |
Anchor bidding took place on 15 Jul 2026. Anchor lock-in: 50% of shares unlock on 20 Aug 2026, the remainder on 19 Oct 2026.
Lead Managers (BRLMs)
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Listing Performance
About the Sotefin Bharat IPO
The Sotefin Bharat SME IPO runs from 16 Jul 2026 to 20 Jul 2026, offered at a price band of ₹178–187 per share, and is set to list on BSE. The company is looking to raise ₹89.76 crore through the offer. Retail investors bid in lots of 600 shares, a minimum application of ₹2,24,400.
Issue structure
The IPO is structured entirely as a fresh issue of ₹85.27 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹40 crore), alongside funding capital expenditure requirements for setting up a manufacturing facility in kolkata, west bengal (₹20.13 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, Sotefin Bharat reported revenue of ₹118.23 crore and a net profit of ₹17.37 crore. Revenue grew from ₹56.87 crore in FY2024 to ₹118.23 crore in FY2026 (+108.0%). Net worth stood at ₹78.11 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.4× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 19.55× post-issue earnings and 4.68× book value, against a return on net worth of 26.98% and a debt-to-equity ratio of 0.31. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Arup Choudhuri, Jignesh Pravinchandra Sanghavi, PISA International Pvt.Ltd.</p>. Promoter holding is 41.54% before the issue.
Grey market premium (GMP)
In the unofficial grey market, Sotefin Bharat shares are quoted at a premium of ₹2.5 implying an expected listing around ₹189.5, about +1.3% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Sotefin Bharat IPO was subscribed 3.99 times overall. The strongest demand came from non-institutional investors (NII) at 6.05 times, with qualified institutional buyers (QIB) at 2.82× and retail investors at 3.78×.
Listing performance
Sotefin Bharat listed on 23 Jul 2026 at ₹205, a premium of +9.6% over the issue price of ₹187.
What to weigh
When evaluating the Sotefin Bharat IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Sotefin Bharat
Incorporated in 2012, Sotefin Bharat is engaged in the business of providing mechanised and automated parking solutions, offering comprehensive turnkey services to our customers. Its solutions seamlessly integrate advanced automated parking technologies with the necessary supporting infrastructure, enabling end-to-end execution. Product Portfolio Fully automated robotic parking systems powered by Sotefin SA’s proprietary SILOMAT Shuttle and Dolly technology, suitable for large-scale, high-capacity projects in space-constrained and congested urban areas. Puzzle parking systems tailored for compact residential and commercial developments. Tower parking systems, including Travel Tower, Pallet, and Comb types, are designed for high-density public and institutional facilities and Stack parking systems offer cost-effective solutions for residential use (Source: D&B Report). In addition, the company provides customized end-to-end solutions, including system design, manufacturing, installation, turnkey execution, operations and maintenance (O&M), and comprehensive after-sales services. As of June 30, 2025, the company has successfully completed over 50 projects and is currently executing more than 30 projects across multiple locations in India as well as international markets such as the United States and Dubai. It has executed projects across major Indian metropolitan cities such as Delhi, Kolkata, Mumbai, Pune, and Trivandrum, in addition to projects in international markets including the United States and Dubai, underscoring our strong pan-India and international execution track record. Its customer base includes private real estate developers and various government and public sector bodies across India. Its private sector customers include AUM G M Heights, Hubtown Limited, and Mesacon Spaces LLP, and government and public sector clientele comprises the Municipal Corporation of Delhi (MCD), Municipal Corporation of Greater Mumbai (MCGM/BMC), Central Public Works Department (CPWD), Mumbai Metropolitan Region Development Authority (MMRDA), National Highways and Infrastructure Development Corporation Limited (NHIDCL), and South Delhi Municipal Corporation (SDMC). As of June 30, 2025, our order book stood at ₹67,708.82 lakh. Competitive Strengths Swiss Engineering Excellence Adapted for India International Quality and Safety Certifications like ISO 9001:2015 certification Integrated, Customized, and Scalable Execution Capabilities Established Execution Track Record and Diversified Client Base Domain Expertise in Automated and Smart Parking Solutions Comprehensive Post-Sale Service and Long-Term Support
Sotefin Bharat — Contact Details
- Registered office
- 72/B,, Barakhola Kalikapur,, Kolkata, West Bengal, 700099
- Phone
- +91 82 8299 9547
- Website
- www.sotefinbharat.com/
- Registrar (IPO queries)
- ipo@bigshareonline.com
Frequently asked questions
- What is the Sotefin Bharat IPO price band?
- The Sotefin Bharat IPO price band is ₹178 to ₹187 per share, with a lot size of 600 shares.
- What was the Sotefin Bharat IPO GMP before listing?
- The final grey market premium recorded before the Sotefin Bharat IPO listed was ₹2.5. The IPO listed on 23 Jul 2026 at ₹205, +9.6% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Sotefin Bharat IPO open and close?
- The Sotefin Bharat IPO opens on 16 Jul 2026 and closes on 20 Jul 2026.
- When is the Sotefin Bharat IPO allotment and listing date?
- Allotment is expected on 21 Jul 2026. The shares are scheduled to list on 23 Jul 2026 on BSE.
- How many times was the Sotefin Bharat IPO subscribed?
- The Sotefin Bharat IPO was subscribed 3.99 times in total across all investor categories.
- What is the reservation split in the Sotefin Bharat IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Sotefin Bharat and what is their holding?
- The promoters are <p>Arup Choudhuri, Jignesh Pravinchandra Sanghavi, PISA International Pvt.Ltd.</p>. Promoter holding is 41.54% before the issue.
- What is the P/E ratio of the Sotefin Bharat IPO?
- At the upper price band, the Sotefin Bharat IPO is valued at 14.38× pre-issue earnings and 19.55× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Sotefin Bharat IPO?
- The net proceeds go primarily toward funding working capital requirements of the company, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Sotefin Bharat IPO?
- The book-running lead manager is Choice Capital Advisors Pvt.Ltd.. Bigshare Services is the registrar to the issue.
- Is Sotefin Bharat a Mainboard or SME IPO?
- Sotefin Bharat is an SME IPO, listing on BSE (SME platform).