Sonaselection India IPO GMP, Price Band, Allotment Date
Sonaselection India IPO is a Mainboard issue open from 17-21 Sept. The company is raising ₹142 Cr at a price band of ₹94 to ₹99 per share. One lot is 150 shares.
Sonaselection India IPO GMP (grey market premium)
₹0
Implied listing gain: ₹- (0.00%)
On the GMP figure: grey market premium is quoted by informal dealers. No exchange publishes it, no regulator oversees it, and it is not a forecast of the listing price. Issues quoting a strong premium have listed below their issue price. Weigh the financials and the risk factors in the RHP well above this number.
Sonaselection India IPO Analysis
Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.
Minimum retail investment
₹14,850
150 shares at the upper band of ₹99
Retail limit
13 lots
the most that fits under the ₹2 lakh retail cap
Funds blocked after close
~3 days
from the closing date to listing
Fresh issue share
100%
₹142 Cr of the ₹142 Cr issue
Revenue growth
+63.6%
31 Mar 2025 → 31 Mar 2026
Profit growth
+83.3%
PAT ₹18.56 Cr → ₹34.02 Cr
Net profit margin
6.6%
was 5.9% in 31 Mar 2025
Debt to equity
2.48
lower is safer
Return on equity
39.05%
ROE
Peer listing record
6 of 13 listed above issue price
median listing move -5%
Promoter holding
86.21% → 64.52%
diluted by 21.7 percentage points
Sonaselection India is a mainboard issue raising ₹142 Cr, offered in a band of ₹94–₹99 per share. At the upper end that is 9.9 times the ₹10 face value, so ₹89 of every share subscribed is share premium rather than capital.
A retail application for Sonaselection India needs one lot of 150 shares, which works out to ₹14,850 at the upper band of ₹99. That is close to the ₹15,000 ceiling SEBI expects for a single retail lot, so an investor applying at cut-off is committing nearly the full retail limit per application. Retail applications are capped at ₹2,00,000, which here is 13 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 68 lots.
For Sonaselection India, bidding runs 17-21 Sept, allotment is finalised on 22 Sep 2026, the shares list on 24 Sep 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 3 days before listing decides what the holding is worth.
The issue is reserved 50% to qualified institutional buyers, 15% to non-institutional investors, 35% to retail. A 35% retail share is the wider end of the range, which improves the odds for small applications when the book is only modestly oversubscribed. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.
The whole ₹142 Cr is a fresh issue. Every rupee raised stays with the company and can fund the stated objects of the issue, which is generally a better sign than an offer that mainly lets existing holders sell down.
Revenue moved from ₹316.47 Cr in 31 Mar 2025 to ₹517.6 Cr in 31 Mar 2026 (+63.6%), while profit after tax went from ₹18.56 Cr to ₹34.02 Cr (+83.3%). Profit grew faster than revenue, which points to operating leverage or a better cost mix rather than growth bought purely through volume.
Recently listed companies in the same space trade at a median price-to-earnings ratio of about 13.4. Comparing that with the multiple implied by this issue's ₹94–₹99 band is a more useful test of pricing than looking at the grey market premium alone.
Kfin Technologies Ltd. is the registrar for this issue, which means the allotment status for Sonaselection India is published on their portal from 22 Sep 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.
What looks good
- The entire issue is a fresh issue, so all of the money raised goes to the company rather than to exiting shareholders.
- Profit is growing faster than revenue, suggesting improving operating efficiency.
- Return on equity of 39.05% is strong for the sector.
What to watch
- Debt to equity of 2.48 means the company carries more debt than equity.
- Only 6 of the last 13 comparable IPOs closed above their issue price on listing day.
- There is no grey market premium on this issue at present, which points to muted listing-day expectations.
This analysis is generated from the figures shown on this page and is for information only. It is not investment advice — read the RHP before you apply.
| IPO Date | 17-21 Sept |
| Face Value | ₹10 Per Share |
| Price Range | ₹94 to ₹99 |
| Issue Size | ₹142 Cr |
| Lot Size | 150 Shares |
| Allotment Date | 22 Sep 2026 |
| Listing Date | 24 Sep 2026 |
| Registrar | Kfin Technologies Ltd. |
Quota Allocation
| Category | Allocation |
|---|
| Retail Investors | 35% |
| QIB (Qualified Institutional Buyers) | 50% |
| HNI (High Net Worth Individuals) | 15% |
IPO Details
| Total Issue Size | 1,43,00,000 shares (agg. up to ₹142 Cr) |
| Fresh Issue | 1,43,00,000 shares (agg. up to ₹142 Cr) |
| Share Holding Pre Issue | 4,25,28,681 shares |
| Share Holding Post Issue | 5,68,28,681 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 Category | Shares |
|---|
| QIB | Not more than 50% of the Issue |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Issue Size |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10200 | ₹10,09,800 |
Company Financials (Restated Consolidated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|
| Assets | 474.99 | 374.77 | 203.50 |
| 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 |
| Reserves and Surplus | 61.63 | 47.10 | 35.78 |
| Total Borrowing | 258.24 | 207.40 | 144.60 |
| Amount in ₹ Crore |
Recently Listed IPOs in Other Textile Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|
| Alpine Texworld Ltd. | Mainboard | ₹126.25 Cr | ₹105 | 12.68 | ₹99.75 | -5.00% | ₹57.13 |
| Kusumgar Ltd. | Mainboard | ₹650.00 Cr | ₹419 | 44.8 | ₹602.80 | +43.87% | ₹568.10 |
| Aastha Spintex Ltd. | Mainboard | ₹170.00 Cr | ₹136 | 18.78 | ₹136.49 | +0.36% | ₹78.43 |
| Shree Ram Twistex Ltd. | Mainboard | ₹110.24 Cr | ₹104 | 38.21 | ₹71.40 | -31.35% | ₹37.32 |
| Ashutosh Fibre Ltd. | SME | ₹56.35 Cr | ₹92 | 9.03 | ₹147.00 | +59.78% | ₹164.50 |
| Fascinate Textiles Ltd. | SME | ₹64.83 Cr | ₹151 | 10.33 | ₹114.80 | -23.97% | ₹53.15 |
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹135.80 |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹65.11 |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹40.01 |
| K K Silk Mills Ltd. | SME | ₹28.50 Cr | ₹38 | 12.12 | ₹30.40 | -20.00% | ₹9.51 |
| Game Changers Texfab Ltd. | SME | ₹54.84 Cr | ₹102 | 10.58 | ₹109.35 | +7.21% | ₹109.25 |
| Sihora Industries Ltd. | SME | ₹10.56 Cr | ₹66 | 13.14 | ₹66.50 | +0.76% | ₹61.35 |
| Siddhi Cotspin Ltd. | SME | ₹69.85 Cr | ₹108 | 16.06 | ₹82.10 | -23.98% | ₹26.50 |
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|
| 1 | Repayment and/or pre-payment, in full or part, of certain borrowings | 80.00 |
| 2 | 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 |
| 3 | General Corporate Purposes | |
| Total | 130.61 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|
| ROE | 39.05% |
| ROCE | 19.69% |
| Debt/Equity | 2.48 |
| RoNW | 39.05% |
| PAT Margin | 6.58% |
| EBITDA Margin | 16.40% |
| NAV | 24.78 |
| Price to Book Value | 4.00 |
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|
| EPS (₹) | 8.00 | 5.99 |
| P/E (x) | 12.38 | 16.53 |
| Market Cap at Offer Price | ₹421.03 Cr. | ₹562.60 Cr |
Shareholding Structure
| Category | Pre IPO | Post IPO |
|---|
| Promoter and Promoter Group | 86.21% | 64.52% |
| Public | 13.79% | 35.48% |
| Total | 100% | 100% |
IPO Details
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
About Sonaselection India
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.
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.
Sonaselection India IPO — common questions
What is Sonaselection India IPO?
Sonaselection India IPO is a Mainboard issue open from 17-21 Sept. The company is raising ₹142 Cr at a price band of ₹94 to ₹99 per share. One lot is 150 shares.
When does Sonaselection India IPO open and close?
The issue is open 17-21 Sept. Bids must be placed, and any UPI mandate approved, before the cut-off on the closing day.
What is the Sonaselection India IPO price band?
The price band is ₹94 to ₹99 per equity share, against a face value of ₹10. Retail investors may bid at cut-off, meaning they accept the final discovered price within this band.
What is the Sonaselection India IPO lot size?
The minimum application is 150 shares, and bids must be in multiples of that lot.
What is the Sonaselection India IPO issue size?
The total issue size is ₹142 Cr.
How is Sonaselection India IPO reserved between investor categories?
The issue is reserved as retail 35%, QIB 50%, HNI 15%. If the retail portion is oversubscribed, allotment there is decided by a lottery on lot-sized applications rather than in proportion to the amount applied for.
When is the Sonaselection India IPO allotment date?
Basis of allotment is expected to be finalised on 22 Sep 2026. You can check your status on the registrar's website (Kfin Technologies Ltd.) using your PAN.
When does Sonaselection India IPO list?
Listing is expected on 24 Sep 2026, following the T+3 timeline that applies to Indian IPOs.
