Sonaselection India Limited

Sonaselection India Limited (New IPO): GMP, Profit, Price & expert review

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Sonaselection India Limited is 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.

It 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.

Sonaselection India Limited was incorporated on February 11, 2022 and is led by Harshil Nuwal.

Sonaselection has filed DRHP with SEBI for a proposed IPO with an issue size of 14,300,000 Equity Shares consisting entirely as Fresh Issue of 14,300,000 Equity Shares & no Offer for Sale (OFS).

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:14,300,000 Equity Shares
Fresh Issue:14,300,000 Equity Shares
Offer for Sale:₹ 00 Crore
Price Range:TBA
Lot Size:TBA
GMPPending

Sonaselection India Limited important data points

Revenue, PAT, EBITDA

YearFiscal 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:₹ 10 Per Equity Shares

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Borrowing payment~ ₹ 80 Cr
Investing in Subsidiaries~ ₹ 00 Cr
Purchasing Plant & Machineries~ ₹ 47.55 Cr
General Corporate PurposeBalance

Sonaselection India Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 93.9₹ 121.0₹ 316.0
PAT (₹ Cr)₹ 2.5₹ 13.1₹ 18.6
Asset (₹ Cr)₹ 88.1₹ 203.5₹ 374.8
Net Worth (₹ Cr)₹ 25.8₹ 38.9₹ 70.0

Sonaselection India Ltd IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
03-Mar₹ –₹ –₹ –
02-Mar₹ –₹ –₹ –
01-Mar₹ –₹ –₹ –
28-Feb₹ –₹ –₹ –
27-Feb₹ –₹ –₹ –
Sonaselection India Limited

Sona Selection India Limited IPO Pros & Cons

Strengths:

  • 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 year.
  • Debt Reduction: IPO funds will significantly deleverage the balance sheet through repayment.

Risks:

  • 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.

Sonaselection India Ltd Promoters – %Shares

Promoters%Shares
Deepak Bhandari~47.23%
Sona Polyspin Pvt. Ltd~27.66%
Harshil Nuwal~19.87%
Uma Nuwal13 Shares

Sonaselection India Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Lead Managers / Registrars of Sonaselection India Limited

Lead / Book Running Lead ManagersChoice Capital Advisors Private Limited
Registrar (RTA)KFin Technologies Limited

Sonaselection India Limited FAQ

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