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    Sonaselection India IPO

    Updated 11 Sept 2026, 5:03 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Retail)

    ₹14,850

    1 lot · 150 shares at the upper price band

    Price band

    ₹94–99

    Latest GMP

    ₹0

    0.0% of the ₹99 upper band

    Est. listing price

    ₹0

    Issue size

    ₹141.57 Cr

    GMP history

    Each point is a recorded observation from the scheduled data sync.

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    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    Mainboard
    Price band
    ₹94–99
    Issue size
    ₹141.57 Cr
    Lot size
    150
    Opens
    17 Sept 2026
    Closes
    21 Sept 2026
    Allotment
    22 Sept 2026
    Listing
    24 Sept 2026
    Est. listing price
    ₹0
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Kfin Technologies Ltd.
    Minimum investment
    ₹14,850 (1 lot · 150 shares)
    Face value
    ₹10 per share
    Issue type
    Bookbuilding IPO
    Sale type
    Fresh capital only
    Fresh issue
    ₹142 Cr
    Listing at
    BSE, NSE
    Refunds
    23 Sept 2026
    Shares credited
    23 Sept 2026
    Promoter holding
    86.21% before · 64.52% after
    Lead managers
    Choice Capital Advisors Pvt.Ltd.

    Full issue details

    Details as published for this issue, read 11 Sept 2026, 5:10 pm. Verify against the RHP before applying.

    IPO Details

    IPO Date17 to 21 Sep, 2026
    Listing DateThu, Sep 24, 2026 T
    Face Value₹ 10 per share
    Price Band₹94 to ₹99
    Lot Size150 Shares
    Sale TypeFresh capital only
    Issue TypeBookbuilding IPO
    Listing AtBSE, NSE
    Total Issue Size1,43,00,000 shares (agg. up to ₹ 142 Cr)
    Fresh Issue1,43,00,000 shares (agg. up to ₹ 142 Cr)
    Share Holding Pre Issue4,25,28,681 shares
    Share Holding Post Issue5,68,28,681 shares

    IPO Timetable (Tentative)

    IPO Open
    Thu, Sep 17, 2026
    IPO Close
    Mon, Sep 21, 2026
    Allotment
    Tue, Sep 22, 2026
    Refund
    Wed, Sep 23, 2026
    Credit of Shares
    Wed, Sep 23, 2026
    Listing
    Thu, Sep 24, 2026

    Issue Reservation

    Investor CategoryShares
    QIBNot more than 50% of the Issue
    RetailNot less than 35% of the Net Offer
    NIINot less than 15% of the Issue Size

    IPO Lot Size

    ApplicationLotsSharesAmount
    Retail (Min)1150₹14,850
    Retail (Max)131950₹1,93,050
    S-HNI (Min)142100₹2,07,900
    S-HNI (Max)6710050₹9,94,950
    B-HNI (Min)6810200₹10,09,800

    Investors can bid for a minimum of 150 shares and in multiples thereof.

    IPO Subscription Details

    About Sonaselection India Ltd.

    Incorporated in February 2022, the Company is an integrated fabric manufacturing and processing company engaged in the production of value-added textile products. It manufactures 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends and polyester blends, and also undertakes processing of 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics. The Company transitioned from a job-work based processing model to a manufacturing-led model after acquiring an established textile processing unit in 2022 and subsequently commissioned a cotton fabric processing plant in July 2024.

    The Company's manufacturing facility is located in Bhilwara, Rajasthan, spread across approximately 49,540 sq. metres, with an installed processing capacity of 82.44 million metres per annum. The facility is equipped with modern textile processing machinery and undertakes key processes including bleaching, dyeing and finishing. The Company follows an integrated operating model combining own manufacturing and job-work processing, enabling it to manage processing activities, quality control, grading, packing and outbound logistics while serving customers according to their technical and product specifications.

    The Company's product portfolio primarily comprises 100% cotton fabrics, cotton lycra (stretch) fabrics, cotton blends and polyester blends, catering to varied apparel and textile applications. It also undertakes processing of greige fabric supplied by customers on a job-work basis. Through its diversified product portfolio, modern manufacturing infrastructure and quality-focused processes, the Company aims to provide consistent quality, cost-efficient solutions and timely deliveries to its customers.

    As of July 31, 2026, the Company had 979 employees, including personnel across production, plant maintenance, dispatch and supply chain, quality assurance, safety and security, accounts and finance, sales and marketing, and other support functions.

    Competitive Strengths

    Healthy track record and steady growth.

    Strong customer relationships and high customer retention.

    Strategically located manufacturing facility with modern technology.

    Experienced Promoters supported by a professional management team.

    Integrated business model combining manufacturing and job-work activities.

    Company Financials (Restated Consolidated)

    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets474.99374.77203.50
    Total Income517.60316.47121.31
    Profit After Tax34.0218.5613.10
    EBITDA84.7758.1228.49
    NET Worth104.1670.0738.88
    Reserves and Surplus61.6347.1035.78
    Total Borrowing258.24207.40144.60
    Amount in ₹ Crore

    Sonaselection India Ltd.'s revenue increased by 64% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2026 and March 31, 2025.

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    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1Repayment and/or pre-payment, in full or part, of certain borrowings80.00
    2Funding of capital expenditure towards purchase of plant and machineries at the existing Manufacturing Facility situated at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara- 311025 Rajasthan, India50.61
    3General Corporate Purposes
    Total130.61

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROE39.05%
    ROCE19.69%
    Debt/Equity2.48
    RoNW39.05%
    PAT Margin6.58%
    EBITDA Margin16.40%
    NAV24.78
    Price to Book Value4.00

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)8.005.99
    P/E (x)12.3816.53
    Market Cap at Offer Price₹421.03 Cr.₹562.60 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    CategoryPre IPOPost IPO
    Promoter and Promoter Group86.21%64.52%
    Public13.79%35.48%
    Total100%100%

    Company Promoters: Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari and Sona Polyspin Pvt.Ltd..

    Sonaselection India IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Registrar

    Kfin Technologies Ltd.

    040-79615565

    sona.ipo@kfintech.com

    IPO Lead Manager(s)

    Choice Capital Advisors Pvt.Ltd.

    Contact Details

    Sonaselection India Ltd. Address

    18th K M Stone

    Chittorgarh Road

    Hamirgarh

    Bhilwara, Rajasthan , 311025

    +91 8386090831

    cs@sonaselection.com