Sotefin Bharat Ltd IPO

Swiss Engineering Excellence Adapted for India.

International Quality and Safety Certifications.

Integrated, Customized, and Scalable Execution Capabilities.

Established Execution Track Record and Diversified Client Base.

Domain Expertise in Automated and Smart Parking Solutions.

Comprehensive Post-Sale Service and Long-Term Support.

The company leverages technology and source critical patented parking robot from Sotefin SA, Switzerland andhas limited proprietary intellectual property. Any disruption in this supply arrangement couldmaterially adversely affect its business, financial condition, results of operations, and prospects.

The companys revenue from operations is highly concentrated, with its top ten customers contributing91.77%, 84.85% and 87.30% for the financial years ended March 31, 2026, March 31, 2025, andMarch 31, 2024, respectively. Accordingly, the companys business is significantly dependent on a limitednumber of key customers, and any loss of, or reduction in orders from, such customers mayadversely affect its business, results of operations and financial condition.

The companys revenue is generated from projects undertaken with Government agencies. Such project /contracts is awarded on the basis of certain pre-qualification criteria and competitive selectionprocess and are usually in a standard form, restricting its ability to negotiate the terms andconditions. Any change in the Government policies or focus and/or the company is unable to recoverpayments in a timely manner, would adversely affect its business and result of operations.

The company depends on third-party suppliers for raw materials and components, and any disruption in supply,price volatility, or quality issues could adversely affect its operations. Additionally, any latentdefects in the companys products may increase its after-sales costs or result in losses due to productreplacements or recalls.

The company faces risks related to project execution delays, and its contracts generally incorporate liquidateddamages and penalty clauses which could result in significant liabilities if the company fails to meetcontractual timelines.

The successful installation and operation of the companys parking systems depends on clients fulfilling specificpreparatory works and infrastructure requirements, and any delays or inadequacies in client-sideresponsibilities could adversely affect its project execution and revenue recognition.

The company operates in a highly competitive and fragmented industry with low barriers to entry, and intensecompetition could result in pricing pressures, loss of market share, and reduced profitability.

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

The companys execution track record and scale is limited compared to global players, which could affect itsability to compete for large, complex projects and expand internationally.

The company has obtained ISO 9001:2015 certification; however, failures to maintain such certification mayadversely affect its business.