Sotefin Bharat IPO is a book-built SME public offering of 48,00,000 equity shares. Sotefin Bharat will commence its IPO on July 16. 2026, and will close it on July 20, 2026. It has set the price range of the shares at ₹178 – ₹187 per share, which are to be listed on the BSE SME segment.
The funds raised through this issuance will be utilised on building a new manufacturing unit in Kolkata, purchasing new office premises, meeting working capital needs, and other general corporate uses.
Sotefin Bharat IPO Key Details
The table below summarises the essential details of the Sotefin Bharat IPO.
| IPO Open Date | 16 July 2026 |
| Close Date | 20 July 2026 |
| Face value | ₹10 each share |
| Price Band | ₹178 to ₹187 |
| IPO Lot Size | 600 shares |
| Fresh issue | 48,00,000 equity shares |
| Type of issue | Book-building SME IPO |
| Listing at | BSE SME |
| Total Issue Size (₹ Crore) | |
| Minimum Investment | 2 lots or 1,200 shares |
Sotefin Bharat IPO Timeline
The table below provides a quick overview of the key dates of the Sotefin Bharat IPO.
| IPO Open Date | 16 July 2026 |
| IPO Close Date | 20 July 2026 |
| Tentative Allotment | 21 July 2026 |
| Initiation of Refunds | 22 July 2026 |
| Credit of Shares to Demat | 22 July 2026 |
| Tentative Listing Date | 23 July 2026 |
Key Performance Indicators of Sotefin Bharat IPO
The following tables show key financial ratios, including profitability, financial performance, and capital efficiency over the period.
| 31-03-2025 | 31-03-2024 | 31-03-2023 | |
| ROE (%) | 26.98 | 31.17 | |
| ROCE (%) | 33.31 | 34.39 | 26.78 |
| Debt Equity (in times) | 0.31 | 0.24 | 0.86 |
| RoNW (%) | 26.98 | 31.17 | 33.23 |
| PAT Margin (%) | 14.88 | 12.06 | 11.10 |
| EBITDA margin (%) | 25.55 | 19.69 | 18.73 |
| Price Book Value | 4.68 |
Sotefin Bharat IPO Financial Details
The following table indicates the financial highlights of the Sotefin Bharat IPO.
| 31-03-2025 | 31-03-2024 | 31-03-2023 | |
| Revenue | 11,822.63 | 9,415.48 | 5,687.25 |
| Total Asset | 12,906.43 | 9,868.20 | 6,063.64 |
| Profit | 1,736.86 | 1,130.79 | 624.63 |
(Amount in ₹ Lakhs)
Sotefin Bharat IPO Subscription Status
The subscription data is not available yet.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Sotefin Bharat Grey Market Premium (GMP)
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 15-07-2026 | ₹22 ─ | ₹209 (11.76%) | ₹13,200 | 15-Jul-2026 10:37 |
| 14-07-2026 | ₹22 ▲ | ₹209 (11.76%) | ₹13,200 | 14-Jul-2026 23:29 |
| 13-07-2026 | ₹17 ─ | ₹204 (9.09%) | ₹10,200 | 13-Jul-2026 23:35 |
Sotefin Bharat Reservation
The table below shows the allocations reserved for the Sotefin Bharat IPO, by the investor category.
| Investor Category | Offered No. of Shares | Net issue (%) | Total issue(%) |
| Market maker | 2,40,000 | 5.00% | |
| QIBs | 22,80,000 | 50% | 47.50% |
| NIIs | 6,84,000 | 15% | 14.25% |
| Retails | 15,96,000 | 35% | 33.25% |
| Total | 48,00,000 | 100% | 100% |
Sotefin Bharat IPO Lot Sizes
The lot size requirements for different categories of each investor category are given below:
| Application | Lot | Shares | Amount in ₹ |
| Individual Investor IND (Min) | 2 | 1,200 | ₹2,24,400 |
| Individual Investor IND (Max) | 2 | 1,200 | ₹2,24,400 |
| S-HNI (Min) | 3 | 1,800 | ₹3,36,600 |
| S-HNI (Max) | 8 | 4,800 | ₹8,97,600 |
| B-HNI (Min) | 9 | 5,400 | ₹10,09,800 |
Sotefin Bharat IPO Prospectus
The draft and final prospectus of the Sotefin Bharat IPO are linked below.
About Sotefin Bharat Ltd.
Sotefin Bharat Ltd., founded in 2012, is an engineering firm that is involved in designing, manufacturing, and marketing industrial fluid management and lubrication systems. These are used in several industrial operations. It provides tailored solutions to fulfil the needs of diverse industrial sectors through reliable and precise engineering services.
With the technical expertise and manufacturing capabilities, Sotefin Bharat is serving customers of diverse segments and industries while enhancing its product line.
Promoters:
- Arup Choudhuri
- Jignesh Pravinchandra Sanghavi
- Pisa International Pvt. Ltd.
| Book Runner | Choice Capital Advisors Pvt. Ltd |
| Issue Registrar | Bigshare Services Pvt. Ltd |
Purpose of Sotefin Bharat IPO
The key objectives of the Sotefin Bharat are as follows:
| Particulars | Amount in ₹ Lakhs |
| For a new manufacturing unit in Kolkata | 2,021.72 |
| For the new office premises | 817.06 |
| For working capital | 4,000.00 |
| General corporate expense | – |
| Total |
Sotefin Bharat Ltd.- Strengths and benefits
- Well-developed manufacturing capabilities: Sotefin Bharat has acquired the necessary skills and experience to manufacture hydraulic and lubrication products, catering to its industrial customers across multiple industries.
- Involved with a well-known brand: Working on technical collaboration and association with Sotefin Group, the company can avail the engineering experience and the product knowledge.
- Improving financial performance: The company’s financial statements show a gradual increase in revenues and profits, over the last few years.
- Reasonable financial leverage: The relatively low debt/equity ratio allows raising funds for further expansion plans.
Sotefin Bharat Ltd.- Risks and limitations
- Dependency on capital investment: The company’s sales mostly depend on the cycle of industrial capital investment. A downturn in industries or capital investment may stronglyly affect the order flows.
- Risk associated with growth plans: Implementation of the expansion project is challenging. Cost overruns or delays in commissioning the manufacturing unit, may impact returns from the IPO.
- Fluctuation in the cost of raw material: Fluctuations in the cost of metals and engineering components used in the production, may lead to increased cost of production.
- Risk of customer concentration: A large fraction of revenue is generated from a limited customer segment. Any decline or loss of such customers can lead to poor financial performance.
Sotefin Bharat IPO Review
The Sotefin Bharat has displayed steady growth over the mentioned years, with increasing revenues, improved profitability levels, and strong return ratios. The company has a manageable debt structure and plans to use the IPO funds to improve manufcaturing capacity and working capital.
However, one must not forget the inherent risks associated with the company that operates in, such as cost of raw materials, concentration on key customers, and risks of building new manufacturing facilities.
Other recent IPO List
Check the other recent IPO listings of other active and upcoming public issues in India.
| IC Electricals Co. IPO | Shree Balaji (Mala) Textiles IPO |
| Kratikal Tech IPO | Vinit Mobile IPO |
| Teja Engineering Industries IPO | Twinkle Papers IPO |
| Adon Agro Commodities IPO | Atharva Polyplast IPO |
Sotefin Bharat FAQs
Sotefin Bharat IPO is a book-built SME public issue comprising a fresh issue of 48,00,000 equity shares. The company plans to list its shares on the BSE SME platform.
You can apply for the IPO through your bank’s ASBA facility or by using the IPO application feature available on your stockbroker’s trading platform. Ensure that you have an active Demat and trading account before submitting your application.
Sotefin Bharat has reported steady growth in revenue, profitability, and return ratios over recent years while maintaining a relatively low debt level. However, investors should also consider industry-specific risks, customer concentration, raw material price fluctuations, and the risks associated with SME-listed companies before making an investment decision.
The IPO will open for subscription on July 16, 2026, and close on July 20, 2026.
Retail investors are required to apply for a minimum of 2 lots (1,200 shares), requiring an investment of ₹2,24,400 at the upper end of the price band.
The tentative basis of allotment is expected to be finalised on July 21, 2026.
The shares are tentatively scheduled to be listed on the BSE SME on July 23, 2026, subject to regulatory approvals and completion of the allotment process.
