Sotefin Bharat IPO

Sotefin Bharat designs, manufactures, installs, and maintains automated and mechanised parking systems across India. The company is launching ₹89.76 crore IPO to raise funds for business expansion. The IPO will consist of a fresh issue of 48 lakh shares, with no offer-for-sale (OFS). 

Bigshare Services Pvt. Ltd. is the registrar to the issue and can be contacted for IPO-related queries, including allotment and refunds. The issue will be listed on the BSE SME platform. The allocation is 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs), excluding the market maker portion.

About Sotefin Bharat

Incorporated in 2012, Sotefin Bharat Limited provides mechanised and automated car parking solutions. The company designs, manufactures, installs, and maintains parking systems that help make better use of space, especially in crowded urban areas.

Its product range includes robotic parking systems, tower parking systems, stack parking systems, and puzzle parking systems. These solutions are used in residential buildings, commercial complexes, offices, hospitals, hotels, and public infrastructure projects. The company offers complete solutions, from designing and manufacturing the systems to installation and after-sales maintenance.

Sotefin Bharat serves both private real estate developers and government organisations. Along with setting up parking systems, it also earns recurring revenue by providing operation and maintenance (O&M) services for its installed projects.

The company has a manufacturing facility in West Bengal, where it produces key components for its parking systems. Over the years, it has completed projects in major cities such as Mumbai, Delhi, and Kolkata. It has also expanded its presence outside India by executing projects in Dubai and the United States.

Industry Outlook

1. The Indian automated parking systems market grew from USD 586.7 million in 2021 to USD 655.2 million in 2024, registering a 3.7% CAGR.
2. The domestic market is projected to expand from USD 679.8 million in 2025 to USD 888.1 million by 2031, driven by urbanisation and infrastructure development.
3. Globally, the automated parking systems market is expected to grow at a 12%–18% CAGR through 2030, reflecting strong demand for smart parking solutions.
4. Rising vehicle ownership and increasing preference for personal mobility are expected to support long-term demand for automated parking infrastructure.
5. High land costs and limited parking space in major cities are encouraging developers and local authorities to adopt space-efficient, automated parking systems.

Sotefin Bharat IPO Objectives

1. ₹20.13 crore will be used to set up a new manufacturing facility in Kolkata, including civil construction and the purchase of machinery and equipment.
2. ₹8.17 crore has been earmarked for establishing new corporate office premises, covering construction and interior fit-out costs.
3. ₹40 crore will be utilised to meet the company's incremental working capital requirements, supporting raw material procurement, project execution, inventory, and larger order opportunities.
4. The remaining proceeds will be used for general corporate purposes, including business expansion and operational requirements.

Financial Performance of Sotefin Bharat 

Sotefin Bharat Peer Comparison

The company has no listed peers in India, as it operates in the niche business of designing and manufacturing mechanised and automated car parking systems.

Strengths and Opportunities for Sotefin Bharat IPO 

1. Revenue increased from ₹56.87 crore in FY24 to ₹118.23 crore in FY26.
2. PAT nearly tripled from ₹6.25 crore to ₹17.37 crore during the same period.
3. EBITDA margin rose to 25.55%, while PAT margin reached 14.88% in FY26.
4. The company reported ROCE of 33.31% and RoNW of 26.98% in FY26.
5. It leverages Swiss robotic parking technology from promoter Sotefin SA.
6. The company has completed 55+ projects and has 30+ ongoing projects.
7. It plans to invest ₹20.13 crore from IPO proceeds to set up a new manufacturing facility in Kolkata.
8. While typical infrastructure companies carry heavy debt loads to fund long project cycles, the company’s conservative 0.31x debt-to-equity ratio keeps its balance sheet highly resilient ahead of its public capital deployment. 

Risks and Threats for Sotefin Bharat IPO

1. The company reported negative free cash flow of ₹16.7 crore in FY26.
2. ₹40 crore of the IPO proceeds will be used to meet working capital needs.
3. Total debt increased from ₹12.16 crore in FY25 to ₹24.01 crore in FY26.
4. Revenue depends on a limited number of real estate developers and government clients.
5. Delays in construction or regulatory approvals can impact revenue recognition.
6. The company relies on imported components until its new manufacturing facility becomes operational.
7. It faces competition from both organised players and local engineering firms.
8. Demand is closely linked to the performance of the real estate and infrastructure sectors. 

Sotefin Bharat IPO Reservation

Sotefin Bharat IPO Promoter Holding

The promoters of Sotefin Bharat Limited are Arup Choudhuri, Jignesh Pravinchandra Sanghavi, and Pisa International Private Limited.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Sotefin Bharat IPO Registrar and Lead Managers

Sotefin Bharat IPO Lead Managers

Choice Capital Advisors Pvt. Ltd.

Registrar for Sotefin Bharat IPO 

• Name: Bigshare Services Pvt. Ltd.
• Phone: 8657578989/8069219065/8069219060
• Email: ipo@bigshareonline.com

How To Check the Allotment Status of the Sotefin Bharat IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Sotefin Bharat IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the NSE IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Sotefin Bharat IPO

Address: 72/B, Barakhola Kalikapur, Kolkata, West Bengal, 700099

Phone: +91 82 8299 9547

Website: bdas@sotefinbharat.com