Rajani Associates acts on Sotefin Bharat IPO

Sotefin Bharat Limited has made an initial public offering of equity shares aggregating to ₹89.76 crore.

Rajani Associates advised Sotefin Bharat, as well as the Book Running Lead Manager Choice Capital Advisors Private Limited, on this IPO. The Firm advised on all key legal aspects of the IPO, conducting legal and secretarial diligence; drafting, reviewing and finalizing all chapters of the DRHP, RHP and Prospectus; preparing and finalizing responses to BSE queries; assisting SBL and BRLM in the Issue; preparing and finalising all agreements; and preparing and finalising all ancillary documents.

The transaction team consisted of Sangeeta Lakhi (Senior Partner), Associates Shriya Nandedkar, Lavesh Jain and Addvit Shrivastava.

Sotefin Bharat is a leading company in India specializing in automated car parking systems. It operates in three countries with 85 projects and over 12,000 parking spaces. The company focuses on smart, space-saving, and sustainable parking solutions, combining Swiss engineering expertise.

The proceeds from the IPO will be used for setting up a new manufacturing facility in Kolkata, purchase of new office premises, meeting working capital requirements and general corporate purposes.

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