Sotefin Bharat will launch its ₹90 crore IPO on July 16 to fund a new Kolkata manufacturing facility and working capital. The company, which provides automated car parking solutions, plans to move the production of critical robotic components in-house to reduce import dependence. Investors can bid for shares until July 20, with listing expected on the BSE SME platform.
Automated car parking solutions provider Sotefin Bharat is set to enter the capital market with an initial public offering (IPO) of ₹89.76 crore. The subscription window for the public issue opens on July 16 and will close on July 20, with the anchor investor portion available on July 15. The company has fixed a price band of ₹178 to ₹187 per equity share for the issue, which consists entirely of fresh shares.
The funds raised are primarily directed toward expansion and operational scaling. According to company filings, ₹20.12 crore is allocated for setting up a new manufacturing plant in Kolkata, while ₹8.17 crore will be used to establish new office premises. A substantial portion, amounting to ₹40 crore, has been earmarked for working capital requirements to support ongoing business activities. The remaining funds are intended for general corporate purposes.
Strategic Shift to In-House Production
Currently, Sotefin Bharat relies on European suppliers such as Leuze Electronic and Nord Drivesystems for critical electro-mechanical components. By establishing a new manufacturing facility in Kolkata, the company intends to transition the production of key robotic components in-house. This strategic shift is designed to reduce the current reliance on imported parts, which could potentially improve control over the supply chain and enhance overall operational efficiency.
Financial Growth and Operational Context
For the fiscal year ending March 2026, the company reported a net profit of ₹17.4 crore, representing a 53.6 percent increase compared to the previous year. Revenue for the same period stood at ₹116.7 crore, reflecting a 24.5 percent year-on-year growth. The business currently operates under a technical partnership with Switzerland-based Sotefin SA, which provides the underlying technology for its parking solutions. Its existing manufacturing base is located in Howrah, West Bengal.
As this is an offering on the BSE SME platform, investors should note that these stocks typically have different liquidity dynamics compared to mainboard listings. The success of the planned manufacturing expansion and the company's ability to maintain its profit margins will depend on successful project execution and demand for automated parking technology in urban infrastructure projects. After the subscription period ends on July 20, share allotment is expected by July 21, with the stock scheduled to begin trading on the BSE SME platform on July 23. Investors may monitor the progress of the Kolkata plant commissioning and any future updates regarding the shift in procurement strategy for robotic components.