The Sonaselection India IPO is set to open for subscription today, September 17, giving investors a three-day window to place their bids. Ahead of the issue opening, the IPO commands a 7% premium in the grey market, indicating positive investor expectations for its stock-market debut.
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 IPO will open on September 17, 2026, and close on September 21. The share allotment is expected to be finalized 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.
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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.
Sonaselection India IPO GMP Today
The Sonaselection India IPO GMP (Grey Market Premium) is currently reported at Rs 7, representing a 7% 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 is around Rs 106 per share, suggesting a potential listing premium of Rs 7 over the IPO’s upper price-band price.
The Grey Market Premium is an unofficial market indicator and is not regulated or guaranteed. GMP can change frequently based on market sentiment, demand and other factors. The actual listing price may differ from the GMP-based estimate and will depend on prevailing market conditions on the listing day.
Sonaselection India 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.
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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.
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.
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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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