Sotefin Bharat IPO Subscription Day 3: Retail Crosses 1x As Issue Heads for Closing Today

Mumbai, July 20: The Sotefin Bharat IPO entered its third and final day of bidding today, with the public issue attracting 0.80 times subscription in the morning session. The retail portion has already crossed the fully subscribed mark, while the non-institutional investor (NII) category is also seeing healthy participation ahead of the issue close later today.

The ₹89.76 crore BSE SME IPO will remain open for subscription until the end of market hours on July 20. Subscription numbers are expected to change further during the day as institutional and last-minute investor bids come in.

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 end of the price band.

Sotefin Bharat IPO Subscription Status Day 3

As of 9:59 AM on July 20, the IPO was subscribed:

• Overall: 0.80x
• Retail Investors: 1.02x
• QIB (Ex-Anchor): 0.13x
• NII: 1.16x
• bNII: 1.43x
• sNII: 0.62x

Retail investors continued to lead demand by crossing full subscription, while the NII segment also remained oversubscribed. The QIB category, excluding anchor investors, was yet to witness significant participation in the morning session.

Day-Wise Subscription Trend

Sotefin Bharat IPO Details

• Issue Size: ₹89.76 crore
• Issue Type: Fresh Issue
• Fresh Issue: 48,00,000 equity shares aggregating up to ₹89.76 crore
• Price Band: ₹178 to ₹187 per share
• Lot Size: 1,200 shares
• Minimum Retail Investment: ₹2,24,400
• IPO Closes:July 20, 2026
• Expected Allotment: July 21, 2026
• Expected Refunds: July 22, 2026
• Expected Share Credit: July 22, 2026
• Tentative Listing: July 23, 2026
• Exchange: BSE SME

About Sotefin Bharat

Sotefin Bharat Limited manufactures electrical control panels and industrial automation solutions for sectors including power, infrastructure, manufacturing and process industries. The company provides customised electrical engineering products and solutions for industrial applications.

Conclusion

With today marking the final day of bidding, the Sotefin Bharat IPO has reached 0.80x subscription in early trade. Retail demand has already crossed the one-times mark, while NII participation remains healthy. Investors will now watch how subscription levels move during the final trading hours before the issue closes later today.

Source:

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