Archive · 23 Jul 2026
Sotefin Bharat IPO lists at 10% premium
Sotefin Bharat, a company that provides mechanized and automated parking solutions, recently listed its shares on the BSE SME.
The shares started trading at ₹205, which is a 9.6% increase from the issue price of ₹187.
The stock quickly reached its upper circuit price of ₹215.25, which is a 15% increase from the issue price.
Despite a weak market sentiment, the IPO was oversubscribed by over 3 times, with the retail portion booked nearly 4 times and the NII segment subscribed to 6 times.
The company plans to use the funds raised to set up a new manufacturing facility in Kolkata, fund capital expenditure for new office premises, and meet working capital requirements.
Sotefin Bharat's revenue and profit have been growing steadily, with revenue increasing from ₹56.28 crore in FY24 to ₹116.75 crore in FY26, and profit rising from ₹6.25 crore in FY24 to ₹17.37 crore in FY26.
Sotefin Bharat shares listed at ₹205, a 9.6% premium over the issue price of ₹187.
The stock hit the upper circuit price of ₹215.25, a 15% increase from the issue price.
The IPO was oversubscribed by over 3 times, with strong retail and NII participation.
The company aims to raise ₹90 crore to fund new projects and working capital requirements.
Sotefin Bharat's revenue and profit have shown significant growth over the past three fiscal years.
- Who
- Sotefin Bharat
- What
- IPO listing at a 10% premium
- When
- Thursday, 23 July
- Where
- BSE SME
- Why
- To raise funds for setting up a manufacturing facility, funding capital expenditure, and meeting working capital requirements.
Positive Market Sentiment
Weak Market Conditions
IPO Performance
Positive Market Sentiment
The IPO listing exceeded grey-market expectations and hit the upper circuit, indicating strong investor interest.
Weak Market Conditions
The equity benchmark Sensex was down, reflecting weak market sentiment.
- Issue Price
- ₹187 per share
- Listing Price
- ₹205 per share
- Upper Circuit Price
- ₹215.25 per share
- IPO Subscription
- Over 3 times
- Retail Subscription
- Nearly 4 times
- NII Subscription
- 6 times
- Fundraising Goal
- ₹90 crore
- Revenue FY26
- ₹116.75 crore
- Profit FY26
- ₹17.37 crore