Sotefin Bharat Ltd.
Sotefin Bharat Ltd. is a BSE SME IPO offering mechanised and automated parking solutions on a turnkey basis. The company is raising ₹89.76 crores entirely through a fresh issue, with shares set to list on BSE SME.
Overview
About the Company
Sotefin Bharat Ltd., incorporated in 2012 and headquartered in Kolkata, West Bengal, specialises in delivering mechanised and automated parking solutions through end-to-end turnkey projects. The company covers the full project lifecycle — from system design and in-house manufacturing of key structural components at its Bagnan, Howrah facility to installation, commissioning, operations, and maintenance. It integrates patented robotic parking technology sourced from Sotefin SA, Switzerland, including the proprietary SILOMAT Shuttle and Dolly system. Its product range spans fully automated robotic parking systems, puzzle parking, tower parking, and stack parking solutions suited for varied urban environments. As of March 31, 2026, the company had completed over 55 projects and was actively executing more than 30 projects across India and international markets including the United States and Dubai. Its client base covers major government bodies such as MCD, MCGM, CPWD, MMRDA, NHIDCL, and SDMC, as well as private real estate developers. The company had approximately 147 employees as of March 31, 2026.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure for setting up a new manufacturing facility in Kolkata, West Bengal — estimated at ₹20.13 crores.
- › Funding capital expenditure for acquiring new office premises — estimated at ₹8.17 crores.
- › Meeting the working capital requirements of the company — estimated at ₹40.00 crores.
- › General corporate purposes — estimated at ₹21.46 crores.
✅ Strengths
- ✓ The company offers fully integrated, end-to-end automated parking solutions encompassing design, manufacturing, installation, and post-sale maintenance, providing a one-stop service to clients.
- ✓ Key structural components are manufactured in-house at the Bagnan, Howrah facility, while the use of patented robotic technology from Sotefin SA, Switzerland, ensures international-grade quality and engineering excellence.
- ✓ With over 55 successfully completed projects and more than 30 projects under execution as of March 31, 2026, the company has a proven track record across diverse and geographically spread locations including the US and Dubai.
- ✓ The company holds internationally recognised certifications such as ISO 9001:2015, demonstrating its commitment to safety and quality standards.
- ✓ Its client base is broad and diversified, spanning major government and public sector bodies (MCD, MCGM, CPWD, MMRDA, NHIDCL) as well as prominent private real estate developers, reducing dependence on any single segment.
- ✓ Ongoing operations and maintenance (O&M) services generate recurring revenue streams beyond the initial project execution phase.
- ✓ Revenue grew 26% and PAT rose 54% year-on-year in FY2026 over FY2025, reflecting strong financial momentum.
⚠️ Risks
- ! The company is heavily dependent on Sotefin SA, Switzerland for its patented robotic parking technology; any disruption in this relationship could materially impact business operations.
- ! A significant concentration of revenue from the top 10 customers — accounting for more than 91% of FY2026 revenue — creates substantial client concentration risk.
- ! A considerable portion of revenue originates from government and public sector contracts, exposing the company to risks such as policy changes, budget reallocations, and delays in payments.
- ! The company relies on third-party suppliers for certain raw materials and specialised components; supply disruptions or cost increases could adversely affect project timelines and profitability.
- ! Delays in project execution could trigger contractual penalties and liquidated damages, adversely affecting financial performance and reputation.