| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 56.28 | 93.78 | 116.75 |
| Expenses | 48.27 | 77.97 | 93.17 |
| Other Income | 0.59 | 0.38 | 1.48 |
| Total Revenue | 56.87 | 94.15 | 118.23 |
| Profit Before Tax | 8.60 | 16.18 | 25.06 |
| Net Profit | 6.25 | 11.31 | 17.37 |
Sotefin Bharat
Sotefin Bharat IPO
₹2,13,600
Bidding Dates 16 Jul, 26 -20 Jul, 26
Min Investment ₹2,13,600
Lot Size600
Price Range ₹178 – ₹187
Issue Size ₹89.76 Cr.
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IPO Timeline
IPO Offer Start
16 Jul,26
IPO Offer Ends
20 Jul,26
Allotment Finalisation
21 Jul,26
Refund Initiation
22 Jul,26
Listing of Shares
23 Jul,26
IPO Analysis
Strengths
The company benefits from its long-standing association with Sotefin SA, Switzerland, a pioneer in automated parking technology since 1956. This combination of international engineering expertise and localized execution capabilities enables the company to offer commercially viable automated parking solutions for Indian customers.
The company has achieved ISO 9001:2015 certification (UKAS-accredited) and CE certification (TV) for compliance with European safety and quality standards. The Automatic Parking System is certified by TV Cyprus Ltd for compliance with EU Machinery Directive 2006/42/EC and EN 14010:2003+A1:2009 standards.
The company operates a fully integrated business model covering the entire lifecycle of automated parking projects at its 40,000 sq. ft. Bagnan facility. The solutions are custom-engineered to align with site-specific requirements across varied applications, with systems designed for scalability and future capacity expansion.
Risks
The company leverages advanced technology and sources critical patented parking robots from Sotefin SA, Switzerland, representing 50.40% of total purchases in FY2026. Any disruption in this supply arrangement due to geopolitical factors, trade restrictions, or changes in Sotefin's operations could materially adversely affect business operations and revenue recognition.
The company's revenue is highly concentrated with top 10 customers contributing 91.77%, 84.85%, and 87.30% for FY2026, FY2025, and FY2024 respectively. Loss of or reduction in orders from key customers may adversely affect business operations and financial condition.
A majority of revenue (56.52% in FY2026) is derived from government clients, exposing the company to risks of policy changes, budget allocations, administrative delays, and extended payment cycles. Any reduction in government spending on automated parking infrastructure could materially affect business performance.
Objectives
The company proposes to establish a new manufacturing facility for in-house manufacturing of robots used in automated parking solutions, currently being imported. This represents vertical integration and supports diversification into adjacent segments including Automated Storage and Retrieval Systems.
The company proposes to undertake capital expenditure towards construction and establishment of new office premises to support administrative, managerial, engineering, and support functions by providing an integrated and technology-enabled workplace.
The company operates in a working capital-intensive industry requiring significant upfront expenditure towards procurement of raw materials, steel structures, automation subsystems, and electro-mechanical components. The funds will bridge timing gaps between execution and collections.
The company proposes to deploy funds towards strategic initiatives, growth opportunities, additional capital expenditure requirements, strengthening marketing capabilities, brand building exercises, meeting corporate contingencies and other purposes as approved by the Board.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 60.64 | 98.68 | 129.06 |
| Current Assets | 47.91 | 72.56 | 92.06 |
| Fixed Assets | 12.73 | 26.12 | 37.01 |
| Total Equity & Liabilities | 60.64 | 98.68 | 129.06 |
| Total Liabilities | 32.76 | 42.17 | 45.14 |
| Current Liabilities | 30.35 | 37.84 | 40.63 |
| Non Current Liabilities | 2.41 | 4.33 | 4.50 |
| Total Equity | 27.88 | 56.51 | 83.93 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.48 | 0.06 | 0.00 |
| Investing Activities | -1.95 | -12.80 | -12.54 |
| Operating Activities | 1.33 | 4.02 | -6.86 |
| Financing Activities | 0.15 | 8.84 | 19.41 |
About Sotefin Bharat
The company is engaged in providing mechanised and automated parking solutions, delivering comprehensive turnkey services. The company integrates advanced automated parking technologies with supporting infrastructure to ensure seamless execution for customers. As of March 31, 2026, the company has successfully completed more than 55 projects and is executing more than...more
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Managing DirectorArup Choudhuri
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