SME IPO · BSE SME · Listed
Sotefin Bharat IPO
Sotefin Bharat Limited is a listed issue, offered in a price band of ₹178 to ₹187 per share, in lots of 1200 shares. Every figure below is taken from the issue's own filings and exchange disclosures.
Issue details
- Price band
- ₹178 – ₹187
- Lot size
- 1200 shares
- Minimum investment
- ₹2,24,400
- Issue size
- ₹90 Cr
- Fresh issue
- ₹90 Cr
- Offer for sale
- —
- Opens
- 16 Jul 2026
- Closes
- 20 Jul 2026
- Listing date
- 23 Jul 2026
- Registrar
- Big Share Services Private Limited
- Symbol
- SOTEFIN
One lot of 1200 shares at the upper band price of ₹187 is ₹2,24,400 — the smallest retail application this issue accepts.
Lead managers: Choice Capital Advisors Private Limited.
Subscription status
How many times the issue has been applied for, by investor category, as reported by the exchange at 21 Jul 2026, 06:05 pm IST.
Sotefin Bharat IPO — subscription by category| Category | Times subscribed |
|---|
| Qualified institutional buyers (QIB) | 2.82× |
|---|
| Non-institutional investors (NII / HNI) | 6.05× |
|---|
| Retail individual investors | 3.78× |
|---|
| Total | 3.99× |
|---|
Grey market premium (GMP)
- Latest reported GMP
- ₹2
- Implied over upper band
- 1.10%
- As of
- 23 Jul 2026, 07:05 pm IST
How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.
Sotefin Bharat IPO — reported GMP history| Reported at | GMP |
|---|
| 23 Jul 2026, 07:05 pm IST | ₹2 |
|---|
| 22 Jul 2026, 07:06 pm IST | ₹2 |
|---|
| 21 Jul 2026, 07:06 pm IST | ₹2 |
|---|
| 20 Jul 2026, 07:05 pm IST | ₹13 |
|---|
| 20 Jul 2026, 04:00 pm IST | ₹13 |
|---|
| 20 Jul 2026, 03:00 pm IST | ₹13 |
|---|
| 20 Jul 2026, 02:00 pm IST | ₹13 |
|---|
| 20 Jul 2026, 01:00 pm IST | ₹13 |
|---|
| 20 Jul 2026, 12:00 pm IST | ₹13 |
|---|
| 20 Jul 2026, 11:00 am IST | ₹13 |
|---|
| 20 Jul 2026, 10:00 am IST | ₹13 |
|---|
| 20 Jul 2026, 09:00 am IST | ₹13 |
|---|
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.
Reported financials
As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.
Sotefin Bharat — financials from the offer document| PAT | Assets | Expense | Revenue | Period Ended |
|---|
| ₹4.00 | ₹46.48 | ₹31.62 | ₹37.31 | 2023 |
|---|
| ₹6.25 | ₹60.64 | ₹48.27 | ₹56.87 | 2024 |
|---|
| ₹11.31 | ₹98.68 | ₹77.97 | ₹94.15 | 2025 |
|---|
| ₹17.37 | ₹129.06 | ₹93.17 | ₹118.23 | 2026 |
|---|
Strengths disclosed in the offer document
- The company leverages technology and sources critical patented parking robots from Sotefin SA, Switzerland, benefiting from decades of Swiss engineering expertise and globally benchmarked designs.
- The company has achieved ISO 9001:2015 certification for its quality management systems and CE certification for compliance with EU Machinery Directive.
- The company operates a fully integrated business model covering the entire lifecycle of automated parking projects, including design, manufacturing, installation, commissioning, and long-term maintenance support.
- The company has a strong order book of ₹53,439.85 lakhs as of March 31, 2026, providing clear visibility of future project execution and revenues.
- The company's management and technical teams possess deep domain expertise in automated parking technologies, robotics, urban infrastructure development, and smart mobility solutions.
- The company has a diversified customer base comprising institutional government clients, private developers, and builders across various Indian cities and international markets.
Risk factors disclosed in the offer document
- The company leverages technology and sources critical patented parking robots from Sotefin SA, Switzerland, and has limited proprietary intellectual property, making it vulnerable to disruptions in this supply arrangement.
- The company's revenue from operations is highly concentrated, with its top ten customers contributing over 91.77% of revenue in FY2026, making it dependent on a limited number of key customers.
- The company's revenue is generated from projects undertaken with Government agencies, which are awarded based on pre-qualification criteria and competitive selection processes, potentially restricting negotiation ability.
- The company depends on third-party suppliers for raw materials and components, and any disruption in supply, price volatility, or quality issues could adversely affect its operations.
- The company faces risks related to project execution delays, and its contracts generally incorporate liquidated damages and penalty clauses which could result in significant liabilities if it fails to meet contractual timelines.
- The successful installation and operation of the company's parking systems depend on clients fulfilling specific preparatory works and infrastructure requirements, and any delays or inadequacies in client-side responsibilities could adversely affect project execution and revenue recognition.
- The company operates in a highly competitive and fragmented industry with low barriers to entry, and intense competition could result in pricing pressures, loss of market share, and reduced profitability.
These are the company's own disclosures, not Alphave's assessment. Read the offer document →
What this page will not tell you
- Whether to apply
- Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.
- What it will list at
- Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.
- Your allotment
- Allotment is decided by the registrar (Big Share Services Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.
← All current and upcoming IPOs · Open the interactive Sotefin Bharat terminal →