News, 28 July 2025
Sotefin Bharat, the Indian subsidiary of Swiss automated-parking specialist Sotefin SA, announced it will raise ₹80 crore via a fresh equity issue without diluting promoter or existing PE stakes to finance domestic production of robots for automated parking systems in West Bengal.
The company has also revealed plans for a new ₹40 crore manufacturing facility in Bagnan, Howrah district, which is expected to deliver over 10,000 automated parking spaces (around 25 projects) annually. To unlock shareholder value, merchant bankers are preparing the Draft Red Herring Prospectus for filing with regulators within a month.
About Sotefin Bharat
Sotefin Bharat is the Indian arm of Swiss automated-parking specialist Sotefin SA, developing robots for automated parking systems. It plans an ₹80 crore IPO to fund a new ₹40 crore manufacturing facility in Bagnan, West Bengal, capable of delivering over 10,000 parking spaces annually.
