Sotefin Bharat IPO GMP Today

Sotefin Bharat is engaged in the business of providing mechanised and automated parking solutions through turnkey project execution. The company offers a range of automated parking systems, including robotic parking systems, puzzle parking systems, tower parking systems, and stack parking systems. It also provides end-to-end services such as system design, manufacturing, installation, operations and maintenance (O&M), and after-sales support. As of March 31, 2026, the company claims to have completed more than 55 projects and was executing over 30 projects across India, the United States, and Dubai. Sotefin Bharat manufactures key structural components at its facility in Bagnan, Howrah, while sourcing certain electro-mechanical components from European suppliers. The company operates in India with technology support from Sotefin SA, Switzerland, and serves both private sector customers and government organisations. Its projects have been executed across cities including Delhi, Mumbai, Kolkata, Pune, Varanasi, and Thiruvananthapuram. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding capital expenditure requirements for setting up a manufacturing facility in Kolkata, West Bengal — Rs 20.13 crore Funding capital expenditure requirements for the proposed new office premises — Rs 8.17 crore Funding working capital requirements — Rs 40 crore General corporate purposes