Sotefin Bharat to Launch ₹80 Crore IPO: Revolutionizing Automated Parking with Cutting-Edge Robot Units in Bengal!

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Sotefin Bharat to Launch ₹80 Crore IPO: Revolutionizing Automated Parking with Cutting-Edge Robot Units in Bengal!

Swiss automation leader Sotefin SA’s subsidiary in India, Sotefin Bharat, is gearing up for an IPO to raise ₹80 crore. This funds will support local manufacturing of robots for automated parking solutions in West Bengal, highlighting a significant shift towards self-reliance in technology.

Arup Choudhuri, the Managing Director and CEO, shared that about ₹40 crore will be invested in building a new facility in Bagnan, located in Howrah district. This state-of-the-art plant aims to create over 100 jobs and enhance production capabilities.

Once operational, the facility could produce more than 10,000 automated car parks annually. Choudhuri emphasized that the company’s goal is to become Atmanirbhar, or self-sufficient, in producing parking robots. This aligns with India’s broader push for local manufacturing.

Sotefin Bharat’s order book currently stands at ₹1,000 crore, signaling strong growth potential. Choudhuri projects a 50-60% growth in the next few years, thanks in part to emerging export markets like the US and Dubai.

As for the equity structure, the company is evenly split among two Indian promoters and Sotefin SA, with some private equity funds involved. The IPO will dilute existing promoter holdings but is expected to increase overall public shareholding.

With recent trends in automation and smart city initiatives, this move could not only reshape the parking landscape in India but also set a precedent for local technology manufacturing. According to a recent report by the International Data Corporation, the global market for automated solutions is expected to grow at a compound annual growth rate (CAGR) of 15%, reflecting increasing demand.

In summary, Sotefin Bharat’s upcoming IPO may be a turning point for automated parking in India, fulfilling a growing need for innovative solutions while supporting local manufacturing.



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Sotefin Bharat IPO, automated parking solutions, parking robot manufacturing, West Bengal investment, Atmanirbhar Bharat, robotics industry India, automated car parks, auto tech updates, auto technology