Sonaselection India IPO was subscribed 2.01 times overall by the end of the subscription window, with bids received for 2,01,40,200 shares against the 1,00,10,000 shares on offer, according to the NSE data.
In the grey market, the IPO is currently commanding a GMP of around 2%, indicating a modest premium over the issue price. GMP is an unofficial indicator and does not guarantee the listing price.
On Day 2, the issue was subscribed 90% overall, with bids received for 90.52 lakh shares against 1 crore shares on offer. The retail segment witnessed stronger participation, with its portion subscribed 1.29 times against the 50.05 lakh shares reserved for retail investors.
The Rs 141.57-crore public issue will remain open for subscription until September 21, 2026. The book-built issue comprises entirely of a fresh issue of 1.43 crore equity shares, with no offer-for-sale (OFS) component.
The share allotment is expected to be finalised on September 22, while the company's shares are tentatively scheduled to debut on September 24. The stock is proposed to be listed on both the NSE and BSE.
The IPO has set a price band of Rs 94–99 per share, with investors able to bid in lots of 150 shares. At the upper end of the price band, retail investors will require a minimum investment of Rs 14,850 for one lot.
Choice Capital Advisors Pvt. Ltd. is serving as the book-running lead manager for the issue, while KFin Technologies Ltd. has been appointed as the registrar.
Read more: NSE IPO Tracker: Catch all the highlights here
Sonaselection India IPO Subscription Status
Retail Individual Investors (RIIs): The retail portion was subscribed 2.50 times, against 50 lakh shares reserved for retail investors.
Non-Institutional Investors (NIIs): The NII portion was subscribed 2 times, against 21.45 lakh shares on offer.
Qualified Institutional Buyers (QIBs): The QIB portion was subscribed 1.16 times, against 28.60 lakh shares reserved for the category.
Sonaselection India IPO GMP Today
The Sonaselection India IPO Grey Market Premium (GMP) is currently reported at Rs 2, representing a 2% premium over the upper end of the IPO price band of Rs 99 per share. Based on the latest GMP, the estimated listing price of Sonaselection India shares stands at around Rs 101 per share. It is important to note that GMP is an unofficial and unregulated market indicator and does not guarantee the actual listing price.
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds of the Issue primarily towards repayment and/or pre-payment, in full or part, of certain borrowings, amounting to Rs 80.00 crore. This is intended to strengthen the Company’s financial position and reduce its debt obligations.
Further, Rs 50.61 crore will be utilised to fund capital expenditure for the purchase of plant and machinery at the Company’s existing Manufacturing Facility located at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara, Rajasthan. The remaining proceeds will be used for general corporate purposes, with the total Issue size amounting to Rs 130.61 crore.
Financial Performance
Sonaselection India Ltd. reported a strong financial performance in FY26, with total income increasing by 64% to Rs 517.60 crore from Rs 316.47 crore in FY25.
Profitability also improved significantly, with Profit After Tax (PAT) rising 83% to Rs 34.02 crore in FY26, compared with Rs 18.56 crore in FY25. This reflects a notable improvement in the Company’s overall earnings performance.
About Sonaselection India
Incorporated in February 2022, Sonaselection India Ltd. is an integrated textile manufacturing and processing company producing value-added fabrics. Its product portfolio includes 100% cotton, cotton lycra (stretch), cotton blends and polyester blends, along with processing of cotton, polyester-viscose (P/V) and polyester fabrics.
The Company transitioned from a job-work processing model to a manufacturing-led model after acquiring a textile processing unit in 2022 and commissioning a cotton fabric processing plant in July 2024.
Located in Bhilwara, Rajasthan, the manufacturing facility spans approximately 49,540 sq. metres and has an installed processing capacity of 82.44 million metres per annum. Equipped with modern machinery, the facility undertakes bleaching, dyeing and finishing processes.
With an integrated manufacturing and job-work model, the Company focuses on quality control, efficient processing and timely delivery, catering to diverse apparel and textile applications.
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