In a big step towards self-reliant manufacturing in the high-tech mobility space, Sotefin Bharat, the Indian subsidiary of Swiss automated parking solutions leader Sotefin SA, is planning to raise INR 80 crore through an IPO. The funds will be used to set up a manufacturing facility for parking robots in Bagnan, Howrah district of West Bengal.
Sotefin Bharat IPO Details
Sotefin Bharat IPO will be a fresh equity issue and will not involve any dilution of promoter or private equity (PE) stake. This is in line with India’s vision of Atmanirbhar Bharat by localising the manufacturing of intelligent robotic systems used in automated parking solutions.
“We are launching an IPO and will become Atmanirbhar in production of robots used in automated parking systems,” said Arup Choudhuri, Managing Director & CEO of Sotefin Bharat.
The INR 80 crore fundraise will be split into two parts: approximately INR 40 crore will be invested in setting up the manufacturing plant, and the remaining INR 40 crore will be used for debt reduction and working capital to execute larger and more complex projects in India and abroad.
Bagnan Manufacturing Hub
The Bagnan facility will be a key driver for India’s smart infrastructure. Once operational, it will deliver over 10,000 automated parking bays annually or 25 large-scale automated parking projects every year. It will also create over 100 direct employment opportunities and contribute to regional economic growth.
This local production will help Sotefin Bharat’s supply chain responsiveness and cost efficiency, and shift from import dependency to indigenous innovation in urban mobility solutions.
Shareholding and IPO Structure
Currently, Sotefin Bharat’s equity is evenly distributed among its four shareholders: Indian promoters Arup Choudhuri and Jignesh Sanghvi, Swiss parent Sotefin SA and a consortium of private equity funds — each holding a 25% stake. After the IPO, the promoter and investor holding will be diluted by 6.25% and public shareholding will be around 25-26%, said Choudhuri. This IPO is also to unlock shareholder value and improve the company’s financial flexibility.
The company is working with merchant bankers to finalise its Draft Red Herring Prospectus (DRHP), which will be filed with the market regulator within a month.
Export and Order Book
Sotefin Bharat has already made inroads in international markets with exports of its automated parking systems to the USA and Dubai. This shows the global competitiveness of its products.
Executive Director Jignesh Sanghvi said the company’s order book is INR 1,000 crore and expects 50-60% growth in the next 3-4 years, driven by increasing demand for space-saving and intelligent parking solutions in urban spaces.
Conclusion
Sotefin Bharat IPO marks a bold and forward-looking investment in India’s future mobility infrastructure. As urban congestion grows and smart cities evolve, the company’s move toward indigenous robotic manufacturing in automated parking positions it as a critical player in transforming how Indian cities manage vehicle space.
With strong backing from international expertise, a robust domestic strategy, and growing global presence, Sotefin Bharat IPO and expansion could well become a defining chapter in the intersection of automation, real estate, and urban planning in India.
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