Sonaselection India IPO: Price Band, Lot Size, Financials & Review
Sonaselection India IPO listed on BSE & NSE on Thu, 24 Sep 2026. The issue was subscribed 2.01x overall.
- Open Date
- 17 Sep 2026
- Close Date
- 21 Sep 2026
Last updated
- Price band
- ₹94 – ₹99
- Lot size
- 150 shares
- Min. investment
- ₹14,850
- Issue size
- ₹141.57 Cr
- Last GMP
- 0
- Subscribed
- 🔥 2.01x
Sonaselection India IPO details
Sonaselection India IPO is a ₹141.57 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 17 Sep 2026 to Mon, 21 Sep 2026. Allotment was finalised on Tue, 22 Sep 2026, and the shares listed on BSE & NSE on Thu, 24 Sep 2026.
The price band is ₹94 to ₹99 per share and the lot size is 150 shares, so the minimum retail application is ₹14,850. Retail investors can apply for up to 13 lots (1,950 shares, ₹1,93,050).
KFin Technologies Limited is the registrar, and Choice Capital Advisors Pvt Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Sonaselection India IPO GMP before listing was 0 (0.00% against the upper price band of ₹99), implying an estimated listing price of ₹99. Across 10 days of tracking, GMP ranged from 0 (18 Sep) to +₹8 (15 Sep).
| Last GMP | 0 |
|---|---|
| GMP vs upper band | 0.00% |
| Estimated listing price | ₹99 |
| Highest (15 Sep) | +₹8 |
| Lowest (18 Sep) | 0 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Sonaselection India IPO day-wise GMP.
Subscription
Day-wise subscription →Sonaselection India IPO was subscribed 2.01x overall: QIB 1.16x, NII 2.00x and retail 2.50x.
| Category | Subscribed |
|---|---|
| QIB | 1.16x |
| NII | 2.00x |
| └ bNII (above ₹10 lakh) | 2.01x |
| └ sNII (₹2–10 lakh) | 1.96x |
| Retail | 2.50x |
| Total | 2.01x |
Final figures at the close of bidding on 21 Sep 2026. Category-wise bids, application-wise breakup and allotment chances are on the Sonaselection India IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 42,90,000 | 30.00% |
| Qualified Institutions | 28,60,000 | 20.00% |
| Non-Institutional | 21,45,000 | 15.00% |
| └ BNII | 14,30,000 | 10.00% |
| └ SNII | 7,15,000 | 5.00% |
| Retail Investors | 50,05,000 | 35.00% |
| Total | 1,43,00,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Sonaselection India IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1,950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10,050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10,200 | ₹10,09,800 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹99, the issue is priced at 12.38x pre-issue earnings and 16.53x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 18.22x (3 companies).
Promoter holding falls from 86.21% before the issue to 64.52% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹8 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 12.38x |
| EPS (post-issue) EPS on the enlarged share capital | ₹5.99 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 16.53x |
| Promoter holding (pre-issue) | 86.21% |
| Promoter holding (post-issue) | 64.52% |
Sonaselection India Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹316.47 Cr to ₹517.6 Cr, and profit after tax rose from ₹18.56 Cr to ₹34.02 Cr. The PAT margin for 31 Mar 2026 was 6.57%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 474.99 | 374.77 | 203.50 |
| Total Income | 517.60 | 316.47 | 121.31 |
| Profit After Tax | 34.02 | 18.56 | 13.10 |
| EBITDA | 84.77 | 58.12 | 28.49 |
| Net Worth | 104.16 | 70.07 | 38.88 |
| Reserve & Surplus | 61.63 | 47.10 | 35.78 |
| Total Borrowings | 258.24 | 207.40 | 144.60 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 39.05 | 34.08 | 40.46 |
| ROCE % | 19.69 | 16.97 | 16.18 |
| Debt / Equity | 2.48 | 2.96 | 3.72 |
| RoNW % | 39.05 | 34.08 | 40.46 |
| Pat Margin % | 6.58 | 5.88 | 10.82 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Sonaselection India Ltd | 10 | — | 8.09 | 8.09 | 39.05% | 24.78 |
| Vishal Fabrics Limited | 5 | 12.23 | 1.52 | 1.52 | 6.33% | 26.12 |
| Sangam (India) Limited | 10 | 37.29 | 16.44 | 16.44 | 8.02% | 211.85 |
| Nitin Spinners Limited | 10 | 18.22 | 31.58 | 31.58 | 12.77% | 261.60 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company from Banks |
| 2 | Funding of capital expenditure towards purchase of plant and machineries at the existing Manufacturing Facility |
| 3 | General Corporate Purposes |
About Sonaselection India Limited
Incorporated in February 2022, Sonaselection India Ltd. is an integrated fabric manufacturing and processing company engaged in the production of value-added textile products. The Company manufactures 100% cotton fabrics, cotton lycra (stretch) fabrics, cotton blends and polyester blends, and also undertakes the processing of 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics.
The Company initially operated under a job-work based processing model and transitioned towards a manufacturing-led business model following the acquisition of an established textile processing unit in 2022. Subsequently, it commissioned a cotton fabric processing plant in July 2024, further strengthening its manufacturing capabilities and expanding its product portfolio.
The Company's manufacturing facility is located in Bhilwara, Rajasthan, and is spread across approximately 49,540 sq. metres. The facility has an installed processing capacity of approximately 82.44 million metres per annum and is equipped with modern textile processing machinery. Its key processing activities include bleaching, dyeing and finishing of fabrics.
The Company follows an integrated operating model that combines in-house manufacturing with job-work processing. This enables it to manage various stages of the production and processing cycle, including fabric processing, quality control, grading, packing and outbound logistics. The Company caters to customer requirements based on their specific technical, quality and product specifications.
The Company's product portfolio primarily comprises 100% cotton fabrics, cotton lycra (stretch) fabrics, cotton blends and polyester blends, catering to a range of apparel and textile applications. In addition, the Company undertakes the processing of greige fabric supplied by customers on a job-work basis. Its diversified product portfolio, modern manufacturing infrastructure and quality-focused processes enable the Company to provide consistent product quality, cost-efficient solutions and timely delivery to its customers.
As of July 31, 2026, the Company had 979 employees across various functions, including production, plant maintenance, dispatch and supply chain, quality assurance, safety and security, accounts and finance, sales and marketing, and other administrative and support functions.
Promoters
- Harshil Nuwal
- Subhash Chandra Nuwal
- Uma Nuwal
- Deepank Bhandari
- Sona Polyspin Private Limited
Contact details
Sonaselection India Ltd.
18th K M Stone
, Chittorgarh Road
Hamirgarh
Bhilwara, Rajasthan, 311025
Phone: +91 8386090831
Email: cs@sonaselection.com
Website: https://www.sonaselection.com/
Sonaselection India IPO FAQs
- What is the Sonaselection India IPO price band?
- The Sonaselection India IPO price band is ₹94 to ₹99 per share.
- What is the Sonaselection India IPO lot size and minimum investment?
- The Sonaselection India IPO lot size is 150 shares. The minimum retail investment is ₹14,850 for one lot at the upper price band. Retail investors can apply for up to 13 lots (1,950 shares), costing ₹1,93,050.
- When was Sonaselection India IPO open for subscription?
- Sonaselection India IPO was open for subscription from Thu, 17 Sep 2026 to Mon, 21 Sep 2026.
- What is the Sonaselection India IPO subscription status?
- Sonaselection India IPO was subscribed 2.01x overall: QIB 1.16x, NII 2.00x and retail 2.50x. Day-wise and category-wise figures are on the subscription page.
- What was the Sonaselection India IPO GMP before listing?
- The last Sonaselection India IPO GMP before listing was 0 (0.00% against the upper price band of ₹99), implying an estimated listing price of ₹99. Across 10 days of tracking, GMP ranged from 0 (18 Sep) to +₹8 (15 Sep). GMP is an unofficial grey market indicator and can change quickly.
- What is the Sonaselection India IPO allotment date?
- The Sonaselection India IPO basis of allotment was finalised on Tue, 22 Sep 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Sonaselection India IPO listing date?
- Sonaselection India IPO listed on BSE & NSE on Thu, 24 Sep 2026.
- Is the Sonaselection India IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Sonaselection India IPO?
- The registrar for the Sonaselection India IPO is KFin Technologies Limited, and the book running lead manager is Choice Capital Advisors Pvt Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.