Q1. What is the business of Sonaselection India Limited?

It operates Integrated textile manufacturing and processing of cotton, polyester, and blended fabrics.

Q2. Why is the company raising funds via IPO?

Sonaselection is raising funds via IPO to repay borrowings, buying new machinery, and general corporate purposes.

Q3. What is the size of the issue and where will it list?

The IPO consists entirely as Fresh issue of 1.43 crore shares. It will be listed on both NSE and BSE platform.

Q4. What are the key risks to an investor?

Risk factors to be considered before investing are: high debt, customer concentration, negative cash flows, and raw material volatility.

Q5. What are the potential upsides?

Positive points of Sonaselection India Limited is its rapid revenue growth, manufacturing expansion, strategic location, and debt reduction post-IPO.

Q6. How to apply for the IPO?

Investors can apply through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

Sonaselection India Limited: New IPO, Price, GMP, IPO Score

Closed

Sonaselection India Limited: New IPO, Price, GMP, IPO Score

Market Cap

₹ 562.60 Cr

IPO Issue Size

₹ 141.57 Crores

Expected Price by IPOCorner

₹ 95 to ₹ 97

IPO Score

*Score varies on actual price

Sonaselection India Limited, a Rajasthan-based textile manufacturer, and is part of the established Sona Group, the company specializes in integrated fabric production, including 100% cotton, Lycra, and polyester blends. Operating from a major hub in Bhilwara, it manages both internal manufacturing and third-party job work.

The issue size of the IPO is ₹141.57 Crores, and it consists entirely as a Fresh Issue of ₹141.57 Crores and no Offer for Sale.

Sonaselection India Limited was incorporated on February 11, 2022. Core offerings of Sonaselection India Limited include Fabric Manufacturing, Fabric Processing, and Job-Work Services.

The company operates an integrated model, meaning they handle the process from raw (greige) fabric to the final finished product. Sonaselection India Limited primarily operates a B2B manufacturing model, with a presence in major textile hubs like Bhilwara and Mumbai (showroom). It reaches nationwide markets including Rajasthan, Delhi, and Maharashtra. While expanding into retail garments via its subsidiary, it currently leverages the Sona Group’s 30-year legacy to serve major apparel brands.

Subscription date to apply for Sonaselection India Limited starts on Thu, Sep 17, 2026. Price band for the IPO is ₹ 94 to ₹ 99 with a lot size of 150 Shares.

Year	2025
Networth	₹ 70.07 Cr
Revenue	₹ 315.95 Cr
EBITDA	₹ 58.11 Cr
PAT	₹ 18.56 Cr
EBITDA Margin	18.39%
PAT Margin	~5.88%
Face Value	Rs.10 per Equity Share

IPO Important Dates

#	Date
Open Date	Thu, Sep 17, 2026
Close Date	Mon, Sep 21, 2026
Anchor Investor Bidding	Wed, Sep 16, 2026
Allotment Date	Tue, Sep 22, 2026
Refunds& Demat Credit	Wed, Sep 23, 2026
Tentative Listing Date	Thu, Sep 24, 2026

Use Of Proceeds

Purpose	Amount
Borrowing payment	~ ₹ 80 Cr
Purchasing Plant & Machineries	~ ₹ 47.55 Cr
-	-
-	-
-	-
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	93.91	120.97	315.95
PAT (₹ Cr)	2.5	13.09	18.56
Asset (₹ Cr)	88.06	203.49	374.76
Net Worth (₹ Cr)	25.84	38.88	70.01

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
22-Sep	₹ 95 - ₹ 97	₹	₹
21-Sep	₹ 95 - ₹ 97	₹ 02	₹ 300
20-Sep	₹ 95 - ₹ 97	₹ 02	₹ 300
19-Sep	₹ 95 - ₹ 97	₹ 03	₹ 450
18-Sep	₹ 95 - ₹ 97	₹ 03	₹ 450

Pros

Experienced Leadership: Promoters have over 30 years of deep textile industry expertise.
Strategic Location: Facility in Bhilwara offers access to skilled labor and logistics.
Integrated Operations: Handles everything from raw processing to finished fabric in-house.
Strong Growth: Reported impressive revenue CAGR of 83% over recent fiscal years
Debt Reduction: IPO funds will significantly deleverage the balance sheet through repayment.

Cons

High Leverage: Pre-IPO debt-to-equity ratio is high, indicating significant financial risk.
Customer Concentration: Large revenue portion depends on a few top-tier clothing brands.
Negative Cashflow: Company has recently experienced negative operating cash flows during expansion.
Geographic Concentration: Operations and procurement are heavily concentrated within the Rajasthan region.
Raw Material Risk: Profits are highly sensitive to volatile cotton and yarn prices.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Deepak bhandari	47.23%
Sona Polyspin pvt. Ltd	27.66%
Harshil Nuwal	19.87%
-	-
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	150	1	150	₹ 14,850
Retail (Max)	150	13	1,950	₹ 193,050
HNI (Min)	150	14	2,100	₹ 207,900
HNI (Max)	150	66	9,900	₹ 980,100
Big HNI (Min)	150	67	10,050	₹ 994,950

Key Performance Index (KPI)

ROE	39.05%
ROCE	19.69%
RoNW	39.05%

Lead / Book Running Lead Managers

Choice Capital Advisors Private Limited

Registrar (RTA)

KFin Technologies Limited

Q1. What is the business of Sonaselection India Limited?
It operates Integrated textile manufacturing and processing of cotton, polyester, and blended fabrics.
Q2. Why is the company raising funds via IPO?
Sonaselection is raising funds via IPO to repay borrowings, buying new machinery, and general corporate purposes.
Q3. What is the size of the issue and where will it list?
The IPO consists entirely as Fresh issue of 1.43 crore shares. It will be listed on both NSE and BSE platform.
Q4. What are the key risks to an investor?
Risk factors to be considered before investing are: high debt, customer concentration, negative cash flows, and raw material volatility.
Q5. What are the potential upsides?
Positive points of Sonaselection India Limited is its rapid revenue growth, manufacturing expansion, strategic location, and debt reduction post-IPO.
Q6. How to apply for the IPO?
Investors can apply through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.