Sotefin Bharat IPO
smelistedAbout the company
Incorporated in 2012, Sotefin Bharat is engaged in mechanised and automated parking solutions, offering design, manufacturing, installation and O&M services. The company operates with continuous technology support from Sotefin SA, Switzerland, a business that has been in automated parking since 1956 and pioneered the trolley-based vehicle transfer system, patented in 1959. As of March 31, 2026, the company had completed more than 55 projects and had over 30 projects under execution across India, the US and Dubai. The company's offerings span four broad categories - fully automated robotic parking systems (built on Sotefin SA's SILOMAT Shuttle and Dolly technology), puzzle parking systems, tower parking systems (further split into travelling, comb and pallet types), and stack parking systems for smaller residential use. On a product basis, robotic parking dominates the mix and its share has been rising steadily from 74.8% of revenue in FY24 to 94.1% in FY26 while puzzle parking has correspondingly shrunk from 21.1% to 5.6% over the same period. The customer base splits into private developers (AUM G M Heights, Hubtown, Mesacon Spaces among others) and government/public sector bodies (MCD, MCGM/BMC, CPWD, MMRDA, NHIDCL, SDMC). Government bodies contributed 56.5% of FY26 revenue versus 43.4% from private developers. The top customer alone made up 48.2% of FY26 revenue (versus just 16.9% in FY25) while the top five customers accounted for 80.1%. Mumbai accounted for 82.5% in FY26. Exports contributed just ₹1.72 lakh (0.01%) in FY26. The company runs a single manufacturing unit at Bagnan, Howrah, spread over 1,786.19 square metres, with installed structural/fabrication capacity of 4,000 car spaces per annum against an optimum capacity of 10,000 car spaces.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 20 Jul | ₹10 | ₹197 | -3 |
| 19 Jul | ₹13 | ₹200 | 0 |
| 18 Jul | ₹13 | ₹200 | 0 |
| 17 Jul | ₹13 | ₹200 | -5 |
| 16 Jul | ₹18 | ₹205 | -9 |
| 15 Jul | ₹27 | ₹214 | +5 |
| 14 Jul | ₹22 | ₹209 | +5 |
| 13 Jul | ₹17 | ₹204 | 0 |
Strengths
- Operates in the niche automated parking solutions segment with limited organized competition.
- Benefits from rising demand driven by urbanization, smart city projects, and increasing vehicle ownership.
- Backed by Swiss engineering expertise and advanced parking technology.
- Reported healthy revenue growth and improving profitability in recent financial years.
- Fresh issue proceeds will be used for business expansion and working capital requirements.
- Positive grey market sentiment indicates healthy investor interest ahead of listing.
Risks
- Listed on the BSE SME platform, where liquidity can be lower and price volatility higher.
- Business is dependent on the real estate and infrastructure sectors, making demand cyclical.
- Revenue is project-based, exposing the company to execution delays and order fluctuations.
- Customer concentration in large-value contracts could impact earnings if key projects are delayed.
- Relatively small scale of operations compared to larger listed engineering companies.
- Profitability may be affected by rising raw material costs and project execution challenges.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed16 Jul 2026Bidding starts for all investor categories
IPO Closes
Completed20 Jul 2026Last day to place your bid
Basis of Allotment
Completed21 Jul 2026Share allotment finalised
Refund Initiation
Completed22 Jul 2026Refunds credited for non-allottees
Credit to Demat
Completed22 Jul 2026Allotted shares credited to demat account
Listing on Exchange
Completed23 Jul 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 600 | ₹112,200 | 1 | ₹112,200 | 1 lot only |
| HNI | 2 | 1200 | ₹224,400 | 2 | ₹224,400 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,465,754 | 45 | 665,754 | 0.27x | 100% |
| NII | 15% | 739,726 | 13.5 | 2,559,452 | 3.46x | 28.9% |
| Retail | 35% | 1,726,027 | 31.5 | 1,760,548 | 1.02x | 98% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
