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Sonaselection India IPO
📅 Founded: 2022
📍 Bhilwara, Rajasthan
👥 979 employees
🌐 sonaselection.com
📋 Face Value: ₹10
🏦 Market Cap: ₹610 Cr
Price Band
₹94 – ₹99
Issue Size
₹142 Cr
Lot Size
150 shares
Min. Investment
₹14,850
GMP
+₹2 (+2%)
Est. Return
+2%
Listing Date
24 Sep 2026
Registrar
KFin Technologies
Sonaselection India IPO at a glance
Sonaselection India IPO was a mainboard issue of ₹142 Cr at a price band of ₹94 – ₹99 per share, open from 17 Sep 2026 to 21 Sep 2026. It was subscribed 0.2 times overall (QIB 0x, NII 0.08x, retail 0.37x). The shares listed on BSE, NSE on 24 Sep 2026 at ₹102.31, a listing gain of 3.3% against the issue price of ₹99.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +2% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.20x subscribed
Issue Details
Fresh Issue₹142 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹142 Cr
Face Value₹10
Market Cap (at issue)₹610 Cr
Listing ExchangeBSE, NSE
📅 Open Date17 Sep 2026
🔒 Close Date21 Sep 2026
✂️ Cut-off Price Date21 Sep 2026
🎟️ Allotment Date22 Sep 2026
💸 Refund Initiation23 Sep 2026
📂 Demat Credit23 Sep 2026
📈 Listing Date24 Sep 2026
Objects of the Issue
- 💰 Repayment of borrowings — ₹80 Cr
- 💰 Machinery — ₹50.61 Cr
- 💰 General corporate purposes
About the Company
Sonaselection India, based in Bhilwara, Rajasthan, makes value-added textile products such as cotton fabrics and cotton-lycra stretch fabrics in different blends. It also does job-work processing on greige fabric supplied by its customers.
Strengths
- ✅ Integrated fabric making and processing at Bhilwara
- ✅ Capacity of about 82 million metres a year
- ✅ Income grew more than four-fold between FY24 and FY26
Risk Factors
- ⚠️ Borrowings are about 2.5 times net worth
- ⚠️ Young company, incorporated in 2022
- ⚠️ Cotton and yarn prices affect margins
- ⚠️ Textile demand is cyclical and export-sensitive
Subscription Status
0.20x Overall
QIB: —
NII: 0.1x
RII: 0.4x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for Mainboard IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
86.21%
Pre-IPO
→ -21.7%
64.52%
Post-IPO
Founders & Leadership
HN
Harshil Nuwal
Promoter
Promoter of the company
SN
Subhash Chandra Nuwal
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
17 Sep 2026
✓
Close Date
21 Sep 2026
✓
Allotment Date
22 Sep 2026
✓
Listing Date
24 Sep 2026
Key Financials
Revenue₹517.6 Cr
PAT₹34.02 Cr
EPS₹5.99
P/E Ratio16.53x
ROE39.05%
Market Cap₹610 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| 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 |
| Total Borrowing | 258.24 | 207.40 | 144.60 |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 32.66 | 26.49 |
| EBITDA Margin (%) | 16.38 | 18.37 |
| Debt / Equity | 2.48 | 2.96 |
| Net Worth (Rs. Cr) | 104.16 | 70.07 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹5.99 | — |
| P/E (x) | 16.53x | — |
| ROE (%) | 39.05% | — |
| Promoter Holding | 86.21% | 64.52% |
| Market Cap | ₹610 Cr | |
IPO Registrar
Sonaselection India IPO FAQs
Sonaselection India IPO is a mainboard IPO with an issue size of ₹142 Cr at a price band of ₹94 – ₹99. Minimum lot size is 150 shares (minimum investment ~₹14,850). Opened on 17 Sep 2026 and closed on 21 Sep 2026. Listed on BSE, NSE. Registrar: KFin Technologies.