Sotefin Bharat shares set for BSE SME debut today. GMP signals muted listing

Sotefin Bharat is set to debut on the BSE SME platform, with grey market premium signalling a largely flat listing despite healthy subscription. The Rs 89.76-crore IPO, entirely a fresh issue of 48 lakh shares at Rs 178-187 per share, was subscribed 3.78 times overall, with NII segment at 4.74 times and QIBs at 2.82 times. The automated parking solutions company reported FY26 total income of Rs 118.23 crore (up 25.6%) and net profit of Rs 17.37 crore (up 53.6%), with proceeds earmarked for a new Kolkata manufacturing facility, office premises, and working capital needs.