Sotefin Bharat IPO Opens Jul 16; Price Band Rs 178-187

New Delhi, Jul 14 (PTI) Sotefin Bharat, a robotic and automated parking solutions provider, on Tuesday said it has fixed a price band at Rs 178-187 per share for its Rs 89.76 crore initial public offering (IPO).

The SME public issue will hit the capital markets on July 16 and conclude on July 20, while the anchor investor bidding will open on July 15, the company said in a statement.

The IPO is entirely a fresh issue of up to 48 lakh equity shares with a face value of Rs 10 each.

At the upper end of the price band, the company is likely to fetch Rs 89.76 crore.

The net proceeds from the IPO will be utilised for setting up a manufacturing facility in Kolkata and West Bengal, proposed new office premises, working capital requirements and the general corporate purposes.


"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," Arup Choudhuri, Managing Director of Sotefin Bharat Ltd, said.

Incorporated in 2012, Sotefin Bharat provides end-to-end automated parking solutions, including system design, manufacturing, installation, and operations and maintenance (O&M) services.

It operates across India with support from Swiss promoter Sotefin SA, Switzerland, a global innovator in automated parking systems since 1956.

On the financial front, the company reported a revenue of Rs 116.74 crore and profit after tax of Rs 17.35 crore in FY26.

Choice Capital Advisors Pvt Ltd is the sole book-running lead manager for the IPO.