MUMBAI – Sotefin Bharat Limited, a Turnkey Provider of Robotic & Automated Parking Solutions, proposes to open its Initial Public Offering on Thursday, July 16, 2026 aiming to raise ₹ 89.76 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform.
The issue size is upto 48,00,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 178 – ₹ 187 Per Share.
Equity Share Allocation
QIB Anchor Portion – Upto 13,68,000 Equity Shares
Net QIB Portion – Upto 9,12,000 Equity Shares
Non-Institutional Investors – Not less than 6,84,000 Equity Shares
Individual Investors – Not less than 15,96,000 Equity Shares
Market Maker – Upto 2,40,000 Equity Shares
The net proceeds from the IPO will be utilized for 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 and the General corporate purposes, As informed by the management team to our news reporter. The anchor bidding is on Wednesday, July 15, 2026. The issue will open on Thursday, July 16, 2026 and will close on Monday, July 20, 2026.
The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited.
Mr. Arup Choudhuri, Managing Director of Sotefin Bharat Limited expressed, “Since our inception Sotefin Bharat has consistently focused on delivering innovative automated parking solutions backed by engineering excellence and technological innovation. Our upcoming IPO marks an important milestone in our growth journey, enabling us to expand our manufacturing capabilities, strengthen our technology offerings, and enhance our execution capacity.”
Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said “Sotefin Bharat’s focus on engineering innovation and automated parking solutions has enabled it to build a scalable business in a niche and growing market. We believe this IPO will provide the company with the financial flexibility to expand its manufacturing capabilities, strengthen execution capacity, and capitalize on the increasing demand for smart parking infrastructure across India.”
