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IPO Open

Thu, Jul 16, 2026

IPO Close

Mon, Jul 20, 2026

Price Band

₹178 to ₹187

Market Cap (Pre-IPO)

₹339.60 Cr

IPO Details

  • IPO Date
    16 to 20 Jul, 2026
  • Listing Date
    Thu, Jul 23, 2026T
  • Face Value
    ₹10 per share
  • Price Band
    ₹178 to ₹187
  • Lot Size
    600 Shares
  • Sale Type
    Fresh capital only
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE SME
  • Total Issue Size
    48,00,000 shares (agg. up to ₹90 Cr)
  • Reserved for Market Maker
    2,40,000 shares (agg. up to ₹4 Cr) Choice Equity Broking Pvt.Ltd.
  • Fresh Issue (Ex Market Maker)
    45,60,000 shares (agg. up to ₹85 Cr)
  • Net Offered to Public
    45,60,000 shares (agg. up to ₹85 Cr)
  • Share Holding Pre Issue
    1,33,60,307 shares
  • Share Holding Post Issue
    1,81,60,307 shares

IPO Timetable (Tentative)

  • IPO Open
    Thu, Jul 16, 2026
  • Allotment
    Tue, Jul 21, 2026
  • Credit of Shares
    Wed, Jul 22, 2026
  • IPO Close
    Mon, Jul 20, 2026
  • Refund
    Wed, Jul 22, 2026
  • Listing
    Thu, Jul 23, 2026

Issue Reservation

Sotefin Bharat IPO comprises a total issue size of 48,00,000 shares. The net offer to the public is 45,60,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 22,80,000 (50.00%) are allocated to QIB, 6,84,000 (15.00%) allocated to NII 15,96,000 (35.00%) allocated to RII.

Investor Category Shares Offered % of Net Issue % of Total Issue
QIB Shares Offered 22,80,000 50.00% 47.50%
  − Anchor Investor Shares Offered 13,68,000 28.50%
  − QIB (Ex. Anchor) Shares Offered 9,12,000 19.00%
NII (HNI) Shares Offered 6,84,000 15.00% 14.25%
  − bNII > ₹10L 4,56,000 9.50%
  − sNII < ₹10L 2,28,000 4.75%
Retail Shares Offered 15,96,000 35.00% 33.25%
Firm Reservations
Market Maker Shares Offered 2,40,000 5.00%
Total Shares Offered 48,00,000 100.00% 100.00%

IPO Lot Size

Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 1,200 ₹2,24,400
Individual investors (IND) (Max) 2 1,200 ₹2,24,400
S-HNI (Min) 3 1,800 ₹3,36,600
S-HNI (Max) 8 4,800 ₹8,97,600
B-HNI (Min) 9 5,400 ₹10,09,800

About Sotefin Bharat Ltd.

Incorporated in 2012, Sotefin Bharat is engaged in the business of providing mechanised and automated parking solutions, offering comprehensive turnkey services to thier customers. Its solutions seamlessly integrate advanced automated parking technologies with the necessary supporting infrastructure, enabling end-to-end execution.

Product Portfolio

  • Fully automated robotic parking systems powered by Sotefin SA’s proprietary SILOMAT Shuttle and Dolly technology, suitable for large-scale, high-capacity projects in space-constrained and congested urban areas.
  • Puzzle parking systems tailored for compact residential and commercial developments.
  • Tower parking systems, including Travel Tower, Pallet, and Comb types, are designed for high-density public and institutional facilities and
  • Stack parking systems offer cost-effective solutions for residential use (Source: D&B Report).

In addition, the company provides customized end-to-end solutions, including system design, manufacturing, installation, turnkey execution, operations and maintenance (O&M), and comprehensive after-sales services.

As of March 31, 2026, the company has successfully completed over 55 projects and is currently executing more than 30 projects across multiple locations in India as well as international markets such as the United States and Dubai.

It has executed projects across major Indian metropolitan cities such as Delhi, Kolkata, Mumbai, Pune, and Trivandrum, in addition to projects in international markets including the United States and Dubai, underscoring our strong pan-India and international execution track record.

Its customer base includes private real estate developers and various government and public sector bodies across India. Its private sector customers include AUM G M Heights, Hubtown Limited, and Mesacon Spaces LLP, and government and public sector clientele comprises the Municipal Corporation of Delhi (MCD), Municipal Corporation of Greater Mumbai (MCGM/BMC), Central Public Works Department (CPWD), Mumbai Metropolitan Region Development Authority (MMRDA), National Highways and Infrastructure Development Corporation Limited (NHIDCL), and South Delhi Municipal Corporation (SDMC).

As on March 31, 2026, the company had approximately 147 employees.

Competitive Strengths

  • Swiss Engineering Excellence Adapted for India
  • International Quality and Safety Certifications like ISO 9001:2015 certification
  • Integrated, Customized, and Scalable Execution Capabilities
  • Established Execution Track Record and Diversified Client Base
  • Domain Expertise in Automated and Smart Parking Solutions
  • Comprehensive Post-Sale Service and Long-Term Support

Company Financials (Restated)

Sotefin Bharat Ltd.’s revenue increased by 26% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 129.06 98.68 60.64
Total Income 118.23 94.15 56.87
Profit After Tax 17.37 11.31 6.25
EBITDA 29.83 18.46 10.54
NET Worth 78.11 50.63 21.92
Reserves and Surplus 70.57 55.35 26.88
Total Borrowing 24.01 12.16 18.78

Recently Listed IPOs in Other Industrial Products

Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Liotech Industries Ltd. SME ₹36.03 Cr ₹321 23.13 ₹244.15 -23.94% ₹124.80 (-9.99%)
Narmadesh Brass Industries Ltd. SME ₹44.87 Cr ₹515 19.63 ₹470.25 -8.69% ₹311.20 (-4.99%)
Abril Paper Tech Ltd. SME ₹13.42 Cr ₹61 24.96 ₹49.38 -19.05% ₹37.00 (-1.07%)

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal
    20.13
  • 2 Funding capital expenditure requirements for the proposed new office premises
    8.17
  • 3 Funding working capital requirements of the Company
    40.00
  • 4 General Corporate Purposes
  • Total
    68.30

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 26.98%
ROCE 33.31%
Debt/Equity 0.31
RoNW 26.98%
PAT Margin 14.88%
EBITDA Margin 25.55%
Price to Book Value 4.68

 

Pre IPO Post IPO
EPS (₹) 13.00 9.56
P/E (x) 14.38 19.55
Promoter Holding 41.54%
Market Cap ₹339.60 Cr.
Arup Choudhuri, Jignesh Pravinchandra Sanghavi, PISA International Pvt.Ltd.
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Choice Capital Advisors Pvt.Ltd.  (Past IPO Performance)

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Millworks Technologies Ltd. Address
No.458/1, 10th a Cross, Phase-4,
Peenya Industrial Area, Peenya Small Industries
Bangalore Urban, Karnataka, 560058

IPO FAQs

Sotefin Bharat IPO is a SME IPO of 48,00,000 equity shares of the face value of ₹10 aggregating up to ₹90 Crores. The issue is priced at ₹178 to ₹187. The minimum order quantity is 600.

The IPO opens on Thu, Jul 16, 2026, and closes on Mon, Jul 20, 2026.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in Sotefin Bharat IPO using UPI as a payment gateway. Zerodha customers can apply in Sotefin Bharat IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Sotefin Bharat IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Sotefin Bharat IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Sotefin Bharat IPO opens on Thu, Jul 16, 2026 and closes on Mon, Jul 20, 2026.

Sotefin Bharat IPO lot size is 600, and the minimum amount required for application is ₹2,24,400, with 2 lots being the minimum application size.

You can apply in Sotefin Bharat IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Sotefin Bharat IPO will be done on Tuesday, July 21, 2026, and the allotted shares will be credited to your demat account by Wed, Jul 22, 2026. Check the Sotefin Bharat IPO allotment status.

The Sotefin Bharat IPO listing date is not yet announced. The tentative date of listing is Thu, Jul 23, 2026.

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