Sotefin Bharat Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Sotefin Bharat Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹187
Per ShareLot Size
600 Shares
Minimum Investment
₹1,12,200
Issue Size
₹89.76 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sotefin Bharat Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
62.1%
Promoter Holding (Post-Issue)
45.7%
Issue Type
Book Building - SME
ISIN
INE12Z301012
About the Company
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.
Industry Overview
The global Automated Parking System (APS) market is witnessing robust growth, fueled by rapid urbanization, increasing vehicle ownership, and the growing need for space-efficient and technology-driven parking solutions. As urban centers become more congested and land availability shrinks, APS offers an innovative solution to address parking constraints in residential complexes, commercial hubs, and public infrastructure. The Global market is projected to grow at a compound annual growth rate (CAGR) of approximately 12% to 18% during 2023-2030, indicating strong demand and adoption across both developed and emerging economies. The India Automated Parking System (APS) market has shown steady growth from USD 586.7 million in CY 2021 to USD 655.2 million in CY 2024, registering a CAGR of 3.7%. This consistent rise reflects growing urbanization, increased vehicle ownership, and the pressing need to optimize limited parking spaces in Indian cities. The push for smart city initiatives, coupled with advancements in automation, IoT, and AI, is gradually driving adoption.
Company History
Our Company was originally incorporated as `Pisa- Sotefin Parking Private Limited' as private limited company in Kolkata under the provisions of the Companies, Act, 1956, pursuant to a certificate of incorporation dated March 16, 2012, issued by Registrar of Companies, West Bengal at Kolkata. The name of the company was changed to `Sotefin Parking Private Limited' pursuant to a special resolution dated October 21, 2016. A fresh certificate of incorporation consequent upon name change was granted to the Company on November 17, 2016. The name of the Company was further changed to Sotefin Bharat Private Limited pursuant to a special resolution dated December 12, 2024. A fresh certificate of incorporation consequent upon name change was granted to the Company on January 1, 2025. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at an Annual General Meeting held on September 26, 2025, and the name of our Company was changed to "Sotefin Bharat Limited". A fresh certificate of incorporation consequent upon conversion from Private Limited Company to Public Limited Company dated November 28, 2025, was issued by the Central Processing Centre. The Corporate Identification Number of our company is U29221WB2012PLC175825.
Growth Strategy
- 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.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 48,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Sotefin Bharat Limited (formerly known as Sotefin Bharat Private Limited), ("Sotefin" or the "Company" or the "Issuer") for cash at a price of Rs. 187 per equity share including a share premium of Rs. 177 per equity share (the "Issue Price") aggregating up to Rs. 89.76 Crores ("the Issue"), of which 2,40,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 187 per equity share including a share premium of Rs. 177 per equity share aggregating to Rs. 4.49 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Net issue of 45,60,000 equity shares of face value of Rs. 10/- each at a price of Rs. 187 per equity share including a share premium of Rs. 177 per equity share aggregating to Rs. 85.27 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.42% and 25.11%, respectively, of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10. each. Price Band: Rs. 187 per equity share of face value of Rs. 10 each. The floor price is 18.70 times the face value of the equity shares. Bids can be made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.