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Sotefin Bharat Ltd
MiscellaneousIPOSME
₹187 - 187
We are engaged in the business of providing mechanised and automated parking solutions, delivering comprehensive turnkey services. Our offerings integrate advanced automated parking technologies with the requisite supporting infrastructure to ensure seamless, end-to-end. execution for our customers. As of March 31, 2026, we have successfully completed more than 55 projects and are in the process of executing more than 30 projects across multiple locations in India s well as in international markets including the United States and Dubai, reflecting our growing global presence and execution capability.
Lot600Min Invest₹2,24,400Face Value₹10Issue Size₹90 CrFresh Issue₹90 CrListing Price₹205CMP₹219
Timeline
16 Jul
Bidding opens
20 Jul
Bidding closes
21 Jul
Allotment
22 Jul
Refund & demat credit
23 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹90 Cr0.48 Cr shares
Fresh Issue₹90 Cr
Face Value₹10
Lot Size600 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,24,4001-1 lots
sNII₹2,24,400from 2 lots
bNII₹10,09,800from 9 lots
Managers & Registrar
Lead ManagerChoice Capital Advisors Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group62.1%45.7%Public37.9%54.3%
Objects of the Issue
- Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal
- Funding capital expenditure requirements for the proposed new office premises
- Funding working capital requirements of the Company
- General corporate purposes
Anchor Book
Bid Date15-Jul-2026Shares13,68,000Amount₹26 Cr30-day lock-in19-Aug-202690-day lock-in18-Oct-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 37 | 56 | 94 | 117 |
| Operating ProfitCr | 8 | 10 | 18 | 28 |
| OPM% | 20.4 | 17.7 | 19.3 | 24.3 |
| PBTCr | 6 | 9 | 16 | 25 |
| PATCr | 4 | 6 | 11 | 17 |
| EPS | 3 | 5 | 9 | 13 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 13 |
| ReservesCr | 21 | 27 | 55 | 71 |
| BorrowingsCr | 17 | 19 | 12 | 24 |
| Total AssetsCr | 46 | 61 | 99 | 129 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -4 | 1 | 4 | -7 |
| Investing Cash FlowCr | -2 | -2 | -13 | -13 |
| Financing Cash FlowCr | 7 | 0 | 9 | 19 |
| Net Cash FlowCr | 1 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Swiss Engineering Excellence Adapted for India.
- International Quality and Safety Certifications.
- 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.
Strategies · as stated in the DRHP
- Driving Growth Through Domestic Market Consolidation and International Expansion.
- Localization of Robotic Manufacturing Capabilites.
- Strategic Collaborations under Smart City and Urban Infrastructure Initiatives.
- Strategic Collaborations under Smart City and Urban Infrastructure Initiatives.
- Diversification into Automated Storage and retrival Systems.
- Technology Upgradation through AI, IoT and Robotic Charging Integration.
Risks · as stated in the DRHP
- The company leverages technology and source critical patented parking robot from Sotefin SA, Switzerland and has limited proprietary intellectual property. Any disruption in this supply arrangement could materially adversely affect its business, financial condition, results of operations, and prospects.
- The company's revenue from operations is highly concentrated, with its top ten customers contributing 91.77%, 84.85% and 87.30% for the financial years ended March 31, 2026, March 31, 2025, and March 31, 2024, respectively. Accordingly, the company's business is significantly dependent on a limited number of key customers, and any loss of, or reduction in orders from, such customers may adversely affect its business, results of operations and financial condition.
- The company's revenue is generated from projects undertaken with Government agencies. Such project / contracts is awarded on the basis of certain pre-qualification criteria and competitive selection process and are usually in a standard form, restricting its ability to negotiate the terms and conditions. Any change in the Government policies or focus and/or the company is unable to recover payments in a timely manner, would adversely affect its business and result of operations.
- The company depends on third-party suppliers for raw materials and components, and any disruption in supply, price volatility, or quality issues could adversely affect its operations. Additionally, any latent defects in the company's products may increase its after-sales costs or result in losses due to product replacements or recalls.
- The company faces risks related to project execution delays, and its contracts generally incorporate liquidated damages and penalty clauses which could result in significant liabilities if the company fails to meet contractual timelines.
- The successful installation and operation of the company's parking systems depends on clients fulfilling specific preparatory works and infrastructure requirements, and any delays or inadequacies in client-side responsibilities could adversely affect its project execution and revenue recognition.