Sotefin Bharat IPO opens: Issue 16% subscribed on day one so far, GMP suggests 12% listing pop

Sotefin Bharat Limited's maiden IPO opened for subscription, getting subscribed 16 percent on day one. The issue size is Rs 89.76 crore through a fresh issue of 48 lakh equity shares at a price band of Rs 178 to Rs 187. Grey Market Premium stood at Rs 22 per share, indicating an expected listing gain of around 12 percent. The company, which provides automated parking solutions and is backed by Swiss promoter Sotefin SA, reported FY26 revenue of Rs 11,674.65 lakh and EBITDA of Rs 2,983.15 lakh.