Sotefin Bharat IPO Listing: Shares List at 10% Premium, Hit Upper Circuit
- 23rd July 2026
- 11:00 AM
- 3 min read
Summary
Sotefin Bharat shares made a strong debut on the BSE SME, listing at a premium and extending gains to hit the upper circuit within the first hour of trade. The stock outperformed grey market indications, even as the broader Sensex traded lower. The issue had seen subscription of over 3 times during bidding, with strong demand from retail and non-institutional investors.Mumbai | 23 July 2026
Sotefin Bharat shares opened at ₹205 on the BSE SME on Thursday, a premium of 9.6% over the issue price of ₹187. The stock advanced further to touch the 5% upper price band of ₹215.25, then extended gains to lock at its upper circuit, 15% above the issue price, around 10:30 am. The move came even as the broader Sensex traded 109 points, or 0.14%, lower at 76,646.
Debut Exceeds Grey Market Expectations
The listing outperformed grey market indications ahead of the debut. The last reported grey market premium stood at ₹2.50, which had suggested a listing price of ₹189.50, a premium of 1.34% over the issue price. The actual listing and subsequent move to the upper circuit came in well above this indication.
Grey market premium is an unofficial and unregulated indicator and does not guarantee listing price or post listing performance.
IPO Subscription and Issue Details
The Sotefin Bharat IPO was a book built issue of ₹89.76 crore, comprising entirely a fresh issue of 48,00,000 shares. Bidding opened on Thursday, 16 July, and closed on Monday, 20 July, with the price band fixed at ₹178 to ₹187 per share. The issue received an overall subscription of over 3 times, with the retail portion booked nearly 4 times and the non-institutional investor segment subscribed 6 times. Allotment was finalised on Tuesday, 21 July. The lot size was fixed at 600 shares, with a minimum retail investment of ₹2,24,400 across two lots. Choice Capital Advisors Pvt Ltd was the book running lead manager, Bigshare Services Pvt Ltd the registrar, and Choice Equity Broking Pvt Ltd the market maker.
About Sotefin Bharat
Sotefin Bharat provides mechanised and automated parking solutions, offering turnkey services. Revenue from operations rose from ₹56.28 crore in FY24 to ₹93.78 crore in FY25 and ₹116.75 crore in FY26. Profit stood at ₹6.25 crore in FY24, rising to ₹11.31 crore in FY25 and ₹17.37 crore in FY26. Proceeds from the fresh issue are earmarked for setting up a manufacturing facility in Kolkata, funding capital expenditure for proposed new office premises, and meeting working capital and general corporate requirements.
Outlook
Shares of Sotefin Bharat remained locked at the upper circuit through the morning session following the debut.
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