SOTEFIN BHARAT LIMITED
	(FORMERLY KNOWN AS SOTEFIN BHARAT PRIVATE LIMITED)
	CORPORATE IDENTIFICATION NUMBER: U29221WB2012PLC175825
	THE EQUITY SHARES OF THE COMPANY WILL GET LISTED ON SME PLATFORM OF BOMBAY STOCK EXCHANGE LIMITED ("BSE SME")
	Our Company was originally incorporated as 'Pisa- Sotefin Parking Private Limited' as private limited company in Kolkata under the provisions of the Companies, Act, 1956, pursuant to a certificate of incorporation dated March 16, 2012, issued by Registrar of Companies, West Bengal at Kolkata. The name of the company was changed to 'Sotefin Parking Private Limited' pursuant to a special resolution dated October 21, 2016. A fresh certificate of incorporation consequent upon name change was granted to the Company on November 17, 2016. The name of the Company was further changed to Sotefin Bharat Private Limited pursuant to a special resolution dated December 12, 2024. A fresh certificate of incorporation consequent upon name change was granted to the Company on January 1, 2025. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at an Annual General Meeting held on September 26, 2025, and the name of our Company was changed to "Sotefin Bharat Limited". A fresh certificate of incorporation consequent upon conversion from Private Limited Company to Public Limited Company dated November 28, 2025, was issued by the Central Processing Centre. The Corporate Identification Number of our company is U29221WB2012PLC175825. For change in registered office and other details please, see "History and Certain Corporate Matters" on page 234 of the Prospectus.
	Registered Office: 72/B, Barakhola Kalikapur, Kolkata, West Bengal, India, 700099. Website: www.sotefinbharat.com; E-Mail: bdas@sotefinbharat.com; Telephone No: +91 82 8299 9547; Company Secretary and Compliance Officer: Biswajit Das

* Subject to the receipt of listing and trading approval from the BSE.

1. We leverage technology and source critical patented parking robot from Sotefin SA, Switzerland and have limited proprietary intellectual property. Any disruption in this supply arrangement could materially adversely affect our business, financial condition, results of operations, and prospects.

2. Our revenue from operations is highly concentrated, with our top ten customers contributing 91.77%, 84.85% and 87.30% for the financial years ended March 31, 2026, March 31, 2025, and March 31, 2024, respectively. Accordingly, our business is significantly dependent on a limited number of key customers, and any loss of, or reduction in orders from, such customers may adversely affect our business, results of operations and financial condition.

3. Our revenue is generated from projects undertaken with Government agencies. Such project / contracts is awarded on the basis of certain pre-qualification criteria and competitive selection process and are usually in a standard form, restricting our ability to negotiate the terms and conditions. Any change in the Government policies or focus and/or we are unable to recover payments in a timely manner, would adversely affect our business and result of operations.

4. We depend on third-party suppliers for raw materials and components, and any disruption in supply, price volatility, or quality issues could adversely affect our operations. Additionally, any latent defects in our products may increase our after-sales costs or result in losses due to product replacements or recalls.

5. We face risks related to project execution delays, and our contracts generally incorporate liquidated damages and penalty clauses which could result in significant liabilities if we fail to meet contractual timelines.

6. The successful installation and operation of our parking systems depend on clients fulfilling specific preparatory works and infrastructure requirements, and any delays or inadequacies in client-side responsibilities could adversely affect our project execution and revenue recognition.

7. We operate in a highly competitive and fragmented industry with low barriers to entry, and intense competition could result in pricing pressures, loss of market share, and reduced profitability.

8. Our Company experienced negative cash flows from operating activities during and the financial year ended March 31, 2026. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.

9. Our execution track record and scale are limited compared to global players, which could affect our ability to compete for large, complex projects and expand internationally.

10. We have obtained ISO 9001: 2015 certification; however, failure to maintain such certification may adversely affect our business.

This Issue is being made through the Book Building Process, in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBI ICDR Regulations, as amended, wherein not more than 50% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"), provided that our Company, in consultation with the Book Running Lead Manager, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which 40% shall be reserved in the following manner: ... Anchor Investor Portion shall be reserved for domestic Mutual Funds; and (ii) 6.67% of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds and life insurance companies and pension funds at or above the Anchor Investor Allocation Price ... under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all ... Mutual Funds, subject to valid Bids being received at or above the Issue Price, However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than ... Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders wherein (a) one third of the portion available to Non-Institutional Investors shall be reserved for Applicants with Application size of more than two lots and up to such lots equivalent to not more than Rs. 10 lakhs; (b) two third of the portion available to Non-Institutional ... shall be reserved for Applicants with Application size of more than Rs. 10 lakhs; and (c) any unsubscribed portion in either of the sub-categories specified in clauses (a) or (b), may be allocated to Applicants in the other sub-category of Non-Institutional Investors; and not less than 35% of the Net Issue shall be available for allocation to Individual Investors ... with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIIs using the UPI Mechanism ... which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" on page 336 of the Prospectus.

The Issue (Including Anchor Investors Portion) received 6108 Applications for Equity Shares (prior to rejections) resulting in 3.11 times subscription (including reserved portion of market maker). The details of the Applications received in the Issue from various categories are as under:

Detail of the Applications Received from various categories including market maker are as under:

Final Demand

A summary of final demand (prior to any rejections) as per BSE as on the Bid/Issue Closing Date at different prices is as under:

The basis of allotment was finalized in consultation with the Designated Stock Exchange, being BSE SME on July 21, 2026.

a) Allotment to Individual Investors (After Rejections & Withdrawal):

The Basis of Allotment to the Individual Investors, who have Bid at cut-off Price or at or above the Issue Price of Rs. 187/- per Equity Share, was finalized in consultation with SME PLATFORM OF BSE LIMITED. The category was subscribed by 3.72 times i.e., for 59,30,400 Equity Shares. The total number of Equity Shares allotted in this category is 1596000 Equity Shares to 1330 successful applicants.

The category wise details of the Basis of Allotment are as under:

The Basis of Allotment to Non-Institutional Investors, who have bid at cut off or at the Issue price of Rs. 187 per Equity Share, was finalized in consultation with SME PLATFORM OF BSE LIMITED. The category was subscribed by 3.63 times i.e., for 828000 Equity Shares. The total number of shares allotted in this category is 228000 Equity Shares to 126 successful applicants.

The category wise details of the Basis of Allotment are as under:

c) Allotment to Non-Institutional Investors (More than Rs. 10 lakhs) (After Technical Rejections & Withdrawal):

The Basis of Allotment to Non-Institutional Investors, who have bid at cut off or at the Issue price of Rs. 187 per Equity Share, was finalized in consultation with SME PLATFORM OF BSE LIMITED. The category was subscribed by 7.28 times i.e., for 33,20,400 Equity Shares. The total number of shares allotted in this category is 456000 Equity Shares to 253 successful applicants.

The category wise details of the Basis of Allotment are as under:

The Company in consultation with BRLM has allocated 13,68,000 Shares to 15 Anchor Investors at the Anchor Investor Issue Price of Rs. 187 per Equity Share in accordance with the SEBI (ICDR) Regulations. The category wise details of the Basis of Allotment are as under:

The Basis of Allotment to Qualified Institutional Buyers, at the Issue price of Rs. 187 per Equity Share, was finalized in consultation with SME PLATFORM OF BSE LIMITED. The category was subscribed by 2.82 times i.e., for 2572800 Equity Shares. The total number of shares allotted in this category is 912000 Equity Shares to 18 successful applicants.

The category wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Market Maker, at the Issue price of Rs. 187 per Equity Share, was finalized in consultation with SME PLATFORM OF BSE LIMITED. The category was subscribed 1 time i.e., for 2,40,000 Equity Shares. The total number of shares allotted in this category is 2,40,000 Equity Shares to 1 successful applicant.

The IPO Committee of our Company at its meeting held on Tuesday, July 21, 2026 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being SME PLATFORM OF BSE LIMITED and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched/ mailed for unblocking of funds and transfer to the Public Issue Account on or about Wednesday, July 22, 2026. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in process of obtaining the listing and trading approval from SME PLATFORM OF BSE LIMITED and the trading of the Equity Shares is expected to commence on or about Thursday July 23, 2026.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 21, 2026 filed with the ROC, Registrar of Companies, West Bengal at Kolkata on July 21, 2026.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where he Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

	Bigshare Services Private Limited
	Address: S6-2. 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai 400093, Maharashtra, India.
	Tel No.: 022-62638200; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com; Investor Grievance ID: investor@bigshareonline.com;
	Contact Person: Babu Rapheal C.; SEBI Registration No: INR000001385

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SOTEFIN BHARAT LIMITED (Formerly known as Sotefin Bharat Private Limited).

Disclaimer: SOTEFIN BHARAT LIMITED (Formerly known as Sotefin Bharat Private Limited) has filed a Prospectus dated July 21, 2026 with the Registrar of Companies, West Bengal at Kolkata. The Prospectus shall be made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Choice Capital Advisors Private Limited at www.choiceindia.com/merchant-investment-banking, the website of the BSE LIMITED i.e. www.bseindia.com and the website of the Issuer Company at www.sotefinbharat.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors" on page 22 of the Prospectus. The Equity Shares issued in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold outside the United States in offshore transaction in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdiction where those issue and sales occur. There will be no public issuing in the U.S.