{"id":108532,"date":"2026-07-16T06:49:17","date_gmt":"2026-07-16T06:49:17","guid":{"rendered":"https:\/\/indianweekend.in\/index.php\/2026\/07\/16\/sotefin-bharat-limited-ipo-opens-on-thursday-july-16-2026\/"},"modified":"2026-07-16T06:49:17","modified_gmt":"2026-07-16T06:49:17","slug":"sotefin-bharat-limited-ipo-opens-on-thursday-july-16-2026","status":"publish","type":"post","link":"https:\/\/indianweekend.in\/index.php\/2026\/07\/16\/sotefin-bharat-limited-ipo-opens-on-thursday-july-16-2026\/","title":{"rendered":"Sotefin Bharat Limited IPO Opens on Thursday, July 16, 2026"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><strong>Mumbai (Maharashtra) [India], July 16:<\/strong>\u00a0Sotefin Bharat Limited, a Turnkey Provider of Robotic &amp; Automated Parking Solutions, proposes to open its Initial Public Offering on Thursday, July 16, 2026 aiming to raise\u00a0\u20b9\u00a089.76 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform.<\/p>\n<p class=\"wp-block-paragraph\">The issue size is upto 48,00,000 equity shares with a face value of\u00a0\u20b9\u00a010 each with a price band of\u00a0\u20b9\u00a0178 \u2013\u00a0\u20b9\u00a0187 Per Share.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Equity Share Allocation\u00a0<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>QIB Anchor Portion \u2013 Upto 13,68,000 Equity Shares<\/li>\n<li>Net QIB Portion \u2013 Upto 9,12,000 Equity Shares \u00a0<\/li>\n<li>Non-Institutional Investors \u2013 Not less than 6,84,000 Equity Shares\u00a0<\/li>\n<li>Individual Investors \u2013 Not less than 15,96,000 Equity Shares\u00a0<\/li>\n<li>Market Maker \u2013 Upto 2,40,000 Equity Shares\u00a0<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The net proceeds from the IPO will be utilized for Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal,\u00a0Funding capital expenditure requirements for the proposed new office premises, Funding working capital requirements of the Company\u00a0and the General corporate purposes.\u00a0The 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.<\/p>\n<p class=\"wp-block-paragraph\">The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited and the Registrar is\u00a0Bigshare Services Private Limited.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Arup Choudhuri, Managing Director of\u00a0<\/strong><strong>Sotefin Bharat Limited\u00a0<\/strong>expressed, \u201cSince 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.\u201d<\/p>\n<p class=\"wp-block-paragraph\"><strong>Mr. Ratiraj Tibrewal<\/strong><strong>,\u00a0<\/strong><strong>Director of Choice Capital Advisors Private Limited\u00a0<\/strong>said\u00a0\u201cSotefin Bharat\u2019s 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.\u201d<strong><u>\u00a0<\/u><\/strong><\/p>\n<p class=\"wp-block-paragraph\"><strong><u>About Sotefin Bharat Limited:<\/u><\/strong><\/p>\n<p class=\"wp-block-paragraph\">Sotefin Bharat Limited, incorporated in 2012, is engaged in the business of providing mechanized and automated parking solutions. The Company operates across India with support from Swiss Promoter Sotefin SA, Switzerland, a global innovator in automated parking systems since 1956. Sotefin SA brings over six decades of engineering expertise, which complements the Company\u2019s business operations in the Indian market.<\/p>\n<p class=\"wp-block-paragraph\">The company provides end-to-end automated parking solutions, including system design, manufacturing, installation, and operations and maintenance (\u201cO&amp;M\u201d) services.The Company has successfully completed more than 58 projects and is executing over 30 ongoing projects across multiple locations in India, including Delhi, Kolkata, Mumbai, Pune, Varanasi and Trivandrum, as well as in international markets such as the United States and Dubai.<\/p>\n<p class=\"wp-block-paragraph\">In FY26, The Company achieved a Revenue of\u00a0\u20b9\u00a011,674.65 Lakhs, EBITDA of\u00a0\u20b9\u00a02,983.15 Lakhs &amp; PAT of\u00a0\u20b9\u00a01,735.56 Lakhs.\u00a0<\/p>\n<p class=\"wp-block-paragraph\"><em><strong><em>Disclaimer: <\/em><\/strong><em>This article is for informational purposes only and does not constitute financial advice.<\/em><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], July 16:\u00a0Sotefin Bharat Limited, a Turnkey Provider of Robotic &amp; Automated Parking Solutions, proposes to open its Initial Public Offering on Thursday, July 16, 2026 aiming to raise\u00a0\u20b9\u00a089.76 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":108533,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[116],"tags":[19],"class_list":["post-108532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/108532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/comments?post=108532"}],"version-history":[{"count":0,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/posts\/108532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media\/108533"}],"wp:attachment":[{"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/media?parent=108532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/categories?post=108532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianweekend.in\/index.php\/wp-json\/wp\/v2\/tags?post=108532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}