Sotefin Bharat IPO Subscription Day 1: Issue Sees 0.07x Bidding in Early Trade as Subscription Opens Today

Mumbai, July 16: The Sotefin Bharat IPO opened for public subscription today and received a cautious start from investors, with the issue subscribed 0.07 times by 11:15 AM on the first day of bidding. Early participation was led by individual investors, while the qualified institutional buyer (QIB) portion had not seen any bids during the morning session.

The ₹89.76 crore BSE SME public issue will remain open for subscription until July 20. As bidding has just begun, subscription figures are expected to change throughout the day and over the remaining three sessions.

The IPO is a fresh issue of 48,00,000 equity shares with a price band of ₹178 to ₹187 per share. Investors can apply for a minimum of 1,200 shares, requiring an investment of ₹2,24,400 at the upper price band.

Sotefin Bharat IPO Subscription Status Day 1

According to exchange data available at 11:15 AM on July 16, the category-wise subscription stood at:

• Overall: 0.07x
• Individual Investors (Retail): 0.11x
• QIB (Ex-Anchor): 0.00x
• NII: 0.07x
• bNII: 0.05x
• sNII: 0.11x

Retail investors accounted for the strongest early participation, while both NII categories were yet to witness significant demand. Institutional participation is generally expected to build closer to the closing day.

Day-Wise Subscription Trend

Sotefin Bharat IPO Details

• Issue Size: ₹89.76 crore
• Issue Type: Fresh Issue
• Shares on Offer: 48,00,000 equity shares
• Price Band: ₹178 to ₹187 per share
• Lot Size: 1,200 shares
• Minimum Retail Investment: ₹2,24,400
• IPO Closing Date: July 20, 2026
• Expected Allotment: July 21, 2026
• Tentative Listing: July 23, 2026
• Listing: BSE SME

About Sotefin Bharat

Sotefin Bharat Limited manufactures electrical control panels and automation solutions used across industrial applications. The company caters to sectors including power, infrastructure, manufacturing and process industries, offering customised electrical engineering solutions.

Conclusion

The Sotefin Bharat IPO has made a modest start on Day 1, with the issue subscribed 0.07 times in early trade. Retail investors have shown the highest participation so far, while institutional demand is yet to pick up. As the IPO remains open until July 20, subscription levels are expected to evolve over the coming trading sessions.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/sotefinbharatanchor_letter_company7bd27aff-c537-4e73-915c-d81215ebfb3a.pdf