Sotefin Bharat Set for Market Debut: Automated Parking Pioneer Launches Mega IPO on July 16
West Bengal-based tech firm Sotefin Bharat is preparing for its listing as it plans to open its Initial Public Offering (IPO) on July 16. The company, which specializes in automated car parking solutions, aims to raise significant capital through the offer, signaling a major growth trajectory in the specialized engineering sector.The IPO has been structured with a price band set at Rs 178-187 per share. Sotefin Bharat intends to garner up to Rs 89.76 crore through the public issue of 48 lakh shares at the upper end of the price band. This offering consists entirely of a fresh issue, directly fueling its expansion plans.
IPO Timeline and Key Dates
The investment process is structured across several key dates for investors. The anchor book opening is scheduled for July 15 for one day. Following this, the public subscription period will run from July 16 until July 20.Share allotment is anticipated to be finalized by July 21. This allows Sotefin Bharat’s shares to commence trading on the BSE SME platform on July 23. Choice Capital Advisors has been appointed as the merchant banker guiding the IPO process.
Operational Structure and International Collaboration
Sotefin Bharat operates its business in India, supported globally by Sotefin SA of Switzerland. The Swiss entity is a global innovator in automated parking systems and holds a 20.56 percent stake in the company through Proviron Technology SA.The manufacturing process involves specialized inputs. While the company fabricates key structural components at its Howrah facility in West Bengal, electro-mechanical parts are sourced from European vendors such as Leuze Electronic and Nord Drivesystems. Paints are procured locally from Jotun Indian.
Strategic Investment and Future Expansion Plans
The net IPO proceeds will be strategically utilized across several high-impact areas to support future growth. Sotefin Bharat plans to allocate Rs 20.12 crore specifically for establishing a new manufacturing facility in Kolkata. An additional Rs 8.17 crore is earmarked for setting up the company’s proposed new office premises.A significant portion of the funds, totaling Rs 40 crore, will be dedicated to working capital requirements. The remaining proceeds are designated for general corporate purposes.
Capacity Expansion into Robotics Manufacturing
The move to expand facilities directly addresses increasing market demand for advanced engineering and automated parking solutions. Currently, the existing facility focuses on fabricating and assembling structural steel components for automated parking systems.A primary goal of the new Kolkata facility is to enable in-house manufacturing of robots used in automated parking solutions. This strategic investment aims to mitigate the need for importing these essential robotic elements.
Strong Financial Performance Underpins Growth Trajectory
Sotefin Bharat has reported a consistent track record of robust financial performance in recent fiscal years. For the year ending March 2026, the company achieved 53.6 percent growth in profit, reaching Rs 17.4 crore. Revenue also showed substantial growth, increasing by 24.5 percent to Rs 116.7 crore compared to the preceding year.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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