Sonaselection India IPO

The Sonaselection India mainboard IPO is open between 17 Sept 2026 and 21 Sept 2026, offered at a price band of ₹94–99 per share, and is set to list on NSE and BSE. The IPO seeks to raise ₹141.57 crore. Retail investors bid in lots of 150 shares, a minimum application of ₹14,850.

Issue structure

The IPO is structured entirely as a fresh issue of ₹141.57 crore, so the full proceeds flow to the company to fund its stated objects of the issue.

Objects of the issue

Per the offer document, the company intends to deploy the net proceeds primarily toward repayment and/or pre-payment, in full or part, of certain borrowings (₹80 crore), alongside funding 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, india (₹50.61 crore). In all, 3 objects are disclosed — the full break-up is in the table above.

Financials

In FY2026, Sonaselection India reported revenue of ₹517.6 crore and a net profit of ₹34.02 crore. Revenue grew from ₹121.31 crore in FY2024 to ₹517.6 crore in FY2026 (+327.0%). Net worth stood at ₹104.16 crore at the end of FY2026. At the upper band, that puts the issue at roughly 12.4× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.

Valuation

At the upper band, the issue is priced at 16.53× post-issue earnings and 4× book value, against a return on net worth of 39.05% and a debt-to-equity ratio of 2.48. These ratios come from the offer document and are for comparison, not a recommendation.

Peer comparison

The offer document names listed peers including Nitin Spinners Limited and Sangam (india) Limited, with a median peer P/E of about 18.2×. The issue's own post-issue P/E works out to 16.53×.

Promoters

The promoters of the company are <p>Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, Sona Polyspin Pvt.Ltd.</p>. Promoter holding stands at 86.21% before the issue and comes down to 64.52% after listing.

Grey market premium (GMP)

In the unofficial grey market, Sonaselection India shares are quoted at a premium of ₹0 implying an expected listing around ₹99, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.

Subscription

The Sonaselection India IPO was subscribed 2.01 times overall. The strongest demand came from retail investors at 2.5 times, with qualified institutional buyers (QIB) at 1.16× and non-institutional investors (NII) at 2×.

Listing performance

Sonaselection India listed on 24 Sept 2026 at ₹102, a premium of +3.0% over the issue price of ₹99.

What to weigh

When evaluating the Sonaselection India IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.

About Sonaselection India

Incorporated in February 2022, Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production of value-added products. The company specialises in the manufacturing of 100% cotton fabric, cotton lycra (stretch) 262 fabric, cotton blends, polyester blends, and in the processing of fabric, including 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabric. The company convert raw textiles into finished, high‑quality fabrics. The company's model enables us to offer a diversified product portfolio, maintain consistent quality, support innovation in fabric development and provide its customers with reliable, cost‑efficient and timely solutions, thereby positioning us as a preferred partner for brands seeking consistency, innovation and faster delivery timelines. By employing a flexible workforce model, the company optimises manufacturing efficiency, scales production based on demand fluctuations, and maintains cost-effectiveness without compromising on quality or delivery timelines. Effectiveness without compromising on quality and delivery timelines. As of October 31, 2025, the company had 844 employees. Competitive Strength: Strategically located manufacturing facility with modern technologies to support our product portfolio. Integrated business model combining manufacturing and job work activities. Strong standing relationships with customers with a high retention rate. Experienced Promoters supported by a professional management team with domain knowledge.