Sotefin Bharat Limited

Incorporated in 2012, Sotefin Bharat operates in the automated parking space offering four product lines — fully automated robotic systems (using Sotefin SA's proprietary SILOMAT Shuttle and Dolly technology), puzzle parking systems, tower parking systems (Travel Tower, Pallet, Comb types), and stack parking systems. The company provides end-to-end turnkey services including system design, manufacturing, installation, O&M and after-sales support. As of March 31, 2026 it has completed 55+ projects and is executing 30+ projects across India, the US and Dubai. Customers include private developers (AUM G M Heights, Hubtown, Mesacon Spaces) and government bodies (MCD, MCGM/BMC, CPWD, MMRDA, NHIDCL, SDMC). The company holds ISO 9001:2015 certification and had 147 employees as of March 31, 2026. Order book stood at ₹534.40 Cr as of March 31, 2026.

Pure fresh issue of ₹89.76 Cr at price band ₹178–₹187 per share with lot size of 600 shares, listing on BSE SME on July 23, 2026. Net proceeds (ex market maker ₹4 Cr) of ~₹85 Cr will fund capex for Kolkata manufacturing facility (₹20.13 Cr), new office premises (₹8.17 Cr), working capital (₹40 Cr) and general corporate purposes. At upper band, pre-IPO P/E is 14.38x and post-IPO P/E is 19.55x FY26 earnings. Key strengths include Swiss-engineered Sotefin SA technology partnership, strong order book of ₹534 Cr, diversified client base across private and government sectors, 55+ completed projects, ISO certification and improving PAT margins (11% to 14.88% over FY24–26); key risks include niche market with no listed peers, aggressive post-IPO pricing per analyst review, relatively small scale (₹118 Cr revenue), promoter holding of only 41.54% pre-IPO, and execution concentration in urban metro projects.