Sotefin Bharat IPO opens July 16: price band ₹178-187

Sotefin Bharat IPO set to open on July 16

Sotefin Bharat, an automated car parking solutions provider based in West Bengal, is scheduled to open its initial public offering (IPO) for subscription on July 16, 2026. The issue is positioned as an SME IPO, with the company planning to list on the BSE SME platform. The IPO is book-built and carries a price band of ₹178-₹187 per equity share. According to the details provided, the public issue is intended to raise up to ₹89.76 crore at the upper end of the price band. The offer is described as an entirely fresh issue, meaning proceeds go to the company rather than to selling shareholders. The timeline includes an anchor book opening on July 15 for one day. The subscription window is set to run through July 20.

Key terms: price band, issue size, and share count

The price band has been set at ₹178 to ₹187 per share, with ₹187 being the cut-off price referenced in application examples. The company plans to raise up to ₹89.76 crore through a public issue of 48 lakh shares (0.48 crore shares) at the top end of the band. The face value is stated as ₹10 per share. The IPO is presented as a fresh issue, with no offer for sale component mentioned in the provided details. One data table also references market capitalisation at ₹249.84 crore at the upper price band. Investors typically use this information to understand the implied valuation at listing. The offering is planned on an SME platform, which often comes with different liquidity and trading characteristics compared with mainboard listings.

Timeline: anchor book, subscription, allotment, and listing

The anchor book is scheduled to open on July 15, 2026, for a single day. The IPO opens for subscription on July 16, 2026, and closes on July 20, 2026, with a closing time referenced as 5:00 PM IST. The basis of allotment is expected to be finalised on July 21, 2026. The shares are expected to commence trading on July 23, 2026. The listing venue is mentioned as the BSE SME platform, and one timeline block also mentions trading beginning on BSE and NSE. Investors generally track these dates closely because application funds, allotment status, and demat credit depend on the final schedule.

Lot size and minimum investment: what the numbers show

The market lot is repeatedly shown as 600 shares in the provided IPO snapshots. At the upper price band of ₹187, a 600-share application works out to ₹1,12,200, which is also explicitly stated. Another minimum investment figure shown is ₹1,06,800, which matches 600 shares at ₹178. Alongside these, some entries also mention a minimum lot size of 1,200 shares and a minimum investment of ₹2,24,400. These differences indicate that investors should rely on the final lot size and minimum bid quantity displayed in the official bidding platform at the time of application. The core points in the supplied details remain the price band and the SME listing schedule.

Grey market premium (GMP) indications before listing

Grey market activity was cited in multiple snapshots, with GMP figures appearing in a narrow range. One update states the Sotefin Bharat SME IPO GMP at ₹17 per share, described as “mild but stable” interest ahead of listing. Another update reports a GMP of ₹15 per share as of July 13, 2026 at 6:00 PM IST. A separate mention shows ₹18 “as of today,” without a timestamp in the provided text. Based on the GMP inputs shown, some trackers estimate an indicative listing price around ₹202-₹204, compared with the ₹187 upper band. These GMP-based estimates are informal market indicators and are not the same as an official listing price.

Company snapshot and location details available

The company is described as a West Bengal-based automated car parking solutions provider. The address mentioned is 72/B, Barakhola Kalikapur, Kolkata, West Bengal - 700099. Contact details provided include an email address (bdas@sotefinbharat.com) and the website (https://www.sotefinbharat.com/). The IPO is marked as an upcoming SME listing, with BSE SME referenced prominently. Registrar contact details are also listed, including the email ipo@bigshareonline.com and phone numbers 8657578989/8069219065/8069219060. These operational details are typically used by applicants for issue-related queries during the offer period and allotment phase.

Summary table: key IPO facts from the provided details

Timeline and GMP-based reference points

Market impact: what investors typically track for SME IPOs

With the IPO positioned on the SME platform, investors generally watch subscription trends, final allotment, and early listing liquidity. The stated fundraising target of up to ₹89.76 crore and the entirely fresh issue structure are central points because they determine how much capital the company aims to bring in through the offer. The price band of ₹178-₹187 frames the valuation expectations during bidding. Separately, GMP figures quoted at ₹15-₹18 per share suggest that some participants in the unofficial market are factoring in a premium over the upper band. But these grey market numbers are not official and can change quickly closer to listing. The allotment date (July 21) and listing date (July 23) are key for applicants tracking status updates and demat credit timelines.

Why the issue matters: timing and pricing are the main variables

The most important confirmed variables in the provided information are the schedule, the price band, the fresh-issue nature of the offer, and the proposed SME listing. The anchor book opening on July 15 signals that the issue follows the standard pre-IPO institutional allocation process used in book-built offerings. The repeated references to 600 shares as a lot size, along with example minimum amounts, show how application money changes across the band. Where the supplied data includes conflicting entries such as different minimum lots or different GMP snapshots, the common thread remains that the IPO opens July 16 and closes July 20. For market participants, the near-term focus typically stays on subscription data during the open period and the final allotment on July 21.

Conclusion

Sotefin Bharat’s SME IPO is scheduled to open on July 16, 2026, with a ₹178-₹187 price band and a targeted raise of up to ₹89.76 crore through a fresh issue of 48 lakh shares. The anchor book is set for July 15, allotment is expected on July 21, and listing is expected on July 23 on the BSE SME platform. Grey market indicators cited in the provided details ranged from ₹15 to ₹18 per share, with indicative listing estimates around ₹202-₹204 against the ₹187 upper band. The next concrete checkpoints for applicants will be the close of bidding on July 20 and the allotment finalisation on July 21, followed by the listing day on July 23.