Sonaselection India IPO is a mainboard book-built public issue of Sonaselection India Limited. The IPO comprises a fresh issue of up to 1.43 crore equity shares and does not include an offer for sale. At the upper price band of ₹99 per share, the issue size is approximately ₹141.57 crore. The company has fixed the price band at ₹94 to ₹99 per equity share.
Sonaselection India IPO will open for subscription on September 17, 2026 and close on September 21, 2026. Anchor investor bidding is scheduled for September 16, while the basis of allotment is expected on September 22. Refund initiation and credit of shares are scheduled for September 23, with listing on BSE and NSE expected on September 24, 2026.
Sonaselection India Limited is an integrated fabric manufacturing and processing company based in Bhilwara, Rajasthan. The company manufactures value-added textile products including 100% cotton fabric, cotton lycra, cotton blends and polyester blends. It also processes fabrics such as cotton, polyester-viscose and polyester on a job-work basis.
The company commenced operations after acquiring an established textile processing unit in 2022 and subsequently expanded from a job-work-oriented processing model towards a manufacturing-led model. Its cotton fabric processing plant became operational in July 2024. The manufacturing facility covers approximately 49,540 square metres and has an installed processing capacity of approximately 82.44 million metres per annum.
As of March 31, 2026, the company had 876 employees and continued to focus on value-added textile manufacturing, quality systems and customer-specific fabric solutions. Its products are intended to serve textile brands and customers seeking customised quality, colours, finishes and delivery requirements.
Table of Contents
Sonaselection India IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | Sonaselection India IPO |
| Company Name | Sonaselection India Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹94 – ₹99 Per Share |
| Issue Size | ₹141.57 Crore |
| Fresh Issue | 1,43,00,000 Equity Shares |
| Offer for Sale | Nil |
| IPO Open Date | 17 September 2026 |
| IPO Close Date | 21 September 2026 |
| Anchor Investor Bidding | 16 September 2026 |
| Basis of Allotment | 22 September 2026 |
| Refund Initiation | 23 September 2026 |
| Shares Credited to Demat Account | 23 September 2026 |
| Listing Date | 24 September 2026 |
| Listing Exchange | BSE & NSE |
| Lot Size | 150 Shares |
| Registrar | KFin Technologies Limited |
| Book Running Lead Managers | Choice Capital Advisors Private Limited |
The IPO is a 100% fresh issue, meaning the proceeds from the public offering will be received by Sonaselection India Limited, subject to issue expenses and the stated objects of the issue. The company proposes to use the proceeds mainly for debt repayment/prepayment and capital expenditure for plant and machinery.
Sonaselection India IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | 16 September 2026 |
| IPO Opening Date | 17 September 2026 |
| IPO Closing Date | 21 September 2026 |
| Basis of Allotment | 22 September 2026 |
| Refund Initiation | 23 September 2026 |
| Shares Credited to Demat Account | 23 September 2026 |
| Listing Date | 24 September 2026 |
Sonaselection India IPO will remain open for five calendar days, from September 17 to September 21, 2026. The tentative allotment is scheduled for September 22, followed by refund and demat credit on September 23 and listing on September 24.
Sonaselection India IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of Net Issue |
| Non-Institutional Investors (NII) | Not less than 15% of Net Issue |
| Retail Individual Investors (RII) | Not less than 35% of Net Issue |
The issue follows the standard mainboard allocation structure, with up to 50% of the net issue available for QIBs, at least 15% for NIIs and at least 35% for retail investors.
Sonaselection India IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | 150 | ₹14,850 |
| Retail Maximum | 1,950 | ₹1,93,050 |
| S-HNI Minimum | 2,100 | ₹2,07,900 |
The minimum bid lot for Sonaselection India IPO is 150 shares. At the upper price band of ₹99, one retail lot requires an investment of ₹14,850. Retail investors can apply for up to 13 lots, or 1,950 shares, requiring ₹1,93,050 at the upper band. The minimum S-HNI application is 14 lots, or 2,100 shares, requiring ₹2,07,900.
About Sonaselection India Limited
Sonaselection India Limited was incorporated on February 11, 2022, in Bhilwara, Rajasthan. The company operates as an integrated fabric manufacturing and processing enterprise focused on value-added textile products.
The company manufactures 100% cotton fabrics, cotton lycra or stretch fabrics, cotton blends and polyester blends. It also undertakes processing of 100% cotton, cotton blends, polyester-viscose and polyester fabrics.
The company acquired an established textile processing unit through a business transfer agreement dated June 17, 2022. The acquisition enabled it to commence operations with an existing processing facility and customer base. It subsequently expanded its capabilities by establishing a cotton fabric processing plant, which became operational in July 2024.
Its manufacturing facility is located at Hamirgarh, Bhilwara, Rajasthan, a major textile-processing centre. The facility spans approximately 49,540 square metres and has an installed processing capacity of 82.44 million metres per annum.
Business Operations
Sonaselection India operates across fabric manufacturing and processing activities.
• Cotton Fabric – The company manufactures 100% cotton fabrics for customers requiring value-added textile products.
• Cotton Lycra Fabric – It manufactures stretch fabrics using cotton and lycra blends.
• Cotton Blends – The company produces blended fabrics designed for different textile applications.
• Polyester Blends – Its portfolio includes polyester-blend fabrics.
• Fabric Processing – The company processes greige fabric according to customer-specific requirements.
• Job-Work Processing – Under its processing business, customers provide greige fabric and the company undertakes processing based on specified quality, colour, finish and other requirements.
• Manufacturing Model – The company has been transitioning from a job-work-oriented model towards a manufacturing-led business model.
• Integrated Capabilities – Its manufacturing and processing capabilities allow it to provide finished textile products and customised processing solutions.
The company states that its focus on advanced technology, quality systems and customer-specific products enables it to provide consistent and timely textile solutions.
Industry Overview
India has a large and diversified textile industry covering fibre production, spinning, weaving, processing, garment manufacturing and technical textiles. Textile processing is an important part of the value chain because it converts greige or unfinished fabric into products with specific colours, finishes and performance characteristics.
The Indian textile industry benefits from domestic consumption as well as export opportunities. Increasing demand for cotton and blended fabrics, changing fashion preferences and global sourcing diversification can provide opportunities for organised textile manufacturers.
Bhilwara is an established textile manufacturing and processing centre in Rajasthan. Its industrial ecosystem provides access to textile-related suppliers, labour and supporting infrastructure.
However, textile businesses are exposed to fluctuations in cotton, yarn, chemicals, energy and other input costs. Demand can also be influenced by fashion cycles, export conditions, economic activity and changes in consumer preferences.
Competition is another important consideration. Textile manufacturers compete on quality, pricing, product development, production capacity and delivery timelines. Companies therefore need to continuously invest in machinery, technology and process efficiency.
Business Strategy
Sonaselection India aims to strengthen its manufacturing capabilities and reduce its dependence on borrowings.
A significant portion of the IPO proceeds is proposed to be used for repayment or prepayment of certain borrowings. The company has identified approximately ₹80 crore for this purpose. Reducing debt can potentially lower interest costs and improve the company’s balance sheet.
The company also plans to invest approximately ₹50.61 crore in plant and machinery at its existing manufacturing facility at Hamirgarh, Bhilwara. This capital expenditure is intended to strengthen production capabilities and support future growth.
The company’s broader strategy involves expanding its manufacturing capabilities, increasing the proportion of value-added products and developing long-term relationships with customers.
Its transition from job-work processing to manufacturing also provides an opportunity to capture greater value from the textile chain. However, successful execution will depend on capacity utilisation, customer demand, operating efficiency and effective management of working capital.
Sonaselection India IPO Financial Information
Sonaselection India has reported significant revenue growth in recent years. Revenue from operations increased from ₹120.98 crore in FY2024 to ₹315.95 crore in FY2025 and further to ₹416.92 crore in FY2026.
EBITDA increased from ₹28.49 crore in FY2024 to ₹58.12 crore in FY2025 and ₹65.36 crore in FY2026. PAT increased from ₹13.09 crore in FY2024 to ₹18.56 crore in FY2025 and ₹19.20 crore in FY2026.
While revenue and EBITDA have grown, EBITDA and PAT margins declined in FY2026 compared with FY2025. The company also had substantial borrowings, making debt management an important consideration for investors.
Sonaselection India Financial Summary
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue from Operations | ₹120.98 Crore | ₹315.95 Crore | ₹416.92 Crore |
| EBITDA | ₹28.49 Crore | ₹58.12 Crore | ₹65.36 Crore |
| Profit After Tax | ₹13.09 Crore | ₹18.56 Crore | ₹19.20 Crore |
| Net Worth | ₹38.88 Crore | ₹70.07 Crore | ₹74.92 Crore |
| Total Debt | ₹144.60 Crore | ₹207.39 Crore | ₹210.20 Crore |
| Assets | ₹203.49 Crore | ₹374.77 Crore | ₹420.52 Crore |
Revenue increased substantially during the period, particularly between FY2024 and FY2025. FY2026 revenue reached ₹416.92 crore, representing growth of approximately 32% over FY2025. PAT increased more moderately to ₹19.20 crore in FY2026.
Total debt stood at ₹210.20 crore in FY2026. The company’s debt position remains an important factor because the IPO itself includes a significant allocation towards debt repayment.
Sonaselection India IPO Key Performance Indicators (KPIs)
| KPI | Value |
|---|---|
| ROE | 39.05% |
| ROCE | 19.69% |
| Debt / Equity | 2.48 |
| RoNW | 39.05% |
| PAT Margin | 6.58% |
| EBITDA Margin | 16.40% |
| NAV | ₹24.78 |
| EPS | ₹8.00 |
Current IPO-market data reports ROE of 39.05%, ROCE of 19.69%, debt-to-equity of 2.48, PAT margin of 6.58% and EBITDA margin of 16.40%. The pre-IPO EPS is reported at approximately ₹8.00.
The company’s financial ratios need to be considered alongside its leverage and the cyclical nature of the textile industry. High return ratios can be attractive, but they should not be viewed independently of debt, working-capital requirements and margin trends.
Objects of the Sonaselection India IPO
The company proposes to utilise the net proceeds of the IPO for the following purposes:
• Repayment and/or pre-payment, in full or part, of certain borrowings – ₹80 crore.
• Funding capital expenditure towards the purchase of plant and machinery at the existing manufacturing facility – approximately ₹50.61 crore.
• General corporate purposes.
The debt repayment component is intended to reduce the company’s outstanding borrowings, while the capital expenditure component will be used to strengthen the manufacturing facility at Hamirgarh.
The combination of debt reduction and capacity investment gives the issue both balance-sheet improvement and expansion objectives. Investors should monitor whether the new machinery translates into higher utilisation, revenue and profitability.
Sonaselection India IPO Listing Performance
Sonaselection India shares are proposed to be listed on BSE and NSE on September 24, 2026. Since the company has not yet listed, actual listing performance is not available.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | 24 September 2026 |
| Issue Price | ₹94 – ₹99 Per Share |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The unofficial grey-market premium has been reported at around ₹6 in some current market trackers, implying an indicative price of approximately ₹105 against the ₹99 upper price band. GMP is unofficial, unregulated and can change significantly before listing, so it should not be considered a guaranteed listing outcome.
Sonaselection India IPO Subscription Status
Sonaselection India IPO is scheduled to open on September 17, 2026. Subscription data will become available once bidding begins.
As of September 10, 2026, the issue had not opened for public subscription. Therefore, QIB, NII and retail subscription figures are not yet available.
Sonaselection India IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | Not Applicable |
| Total Subscription | To be updated |
Live subscription figures should be monitored during the IPO period because investor demand can materially affect the allotment probability and market sentiment surrounding the issue.
Sonaselection India IPO Review
Sonaselection India IPO provides exposure to an integrated textile manufacturing and processing company operating from Bhilwara, Rajasthan. The company has developed manufacturing and processing capabilities across cotton, cotton blends, polyester blends and other textile products.
One of the key positives is the company’s revenue growth. Revenue from operations increased from ₹120.98 crore in FY2024 to ₹315.95 crore in FY2025 and ₹416.92 crore in FY2026. This demonstrates significant expansion in business scale over the period.
The company has also increased EBITDA from ₹28.49 crore in FY2024 to ₹65.36 crore in FY2026. Its FY2026 EBITDA margin was approximately 15.68%, although this was lower than the 18.40% recorded in FY2025.
The proposed use of IPO proceeds is another important factor. Approximately ₹80 crore is intended for debt repayment or prepayment, while around ₹50.61 crore is proposed for plant and machinery. The debt-reduction component can strengthen the balance sheet, while the capital expenditure can support future manufacturing growth.
The company operates from a strategically located textile facility in Bhilwara with installed processing capacity of approximately 82.44 million metres per annum. Its manufacturing-led strategy could allow it to capture more value compared with a pure job-work model.
However, leverage remains a concern. Total debt was ₹210.20 crore in FY2026, while debt-to-equity remained high. The company’s financial performance is also exposed to cotton and other raw-material prices, energy costs and textile-market cycles.
Another consideration is concentration around a single manufacturing facility. Any major disruption involving equipment, fire, labour, utilities, natural events or other operational issues could affect production and financial performance.
The company is relatively young, having been incorporated in 2022, although its acquired processing facility and promoter group’s textile experience provide an operating foundation. Investors should therefore focus on the sustainability of recent revenue growth rather than relying only on the sharp increase recorded between FY2024 and FY2025.
Overall, Sonaselection India IPO has positives including strong revenue expansion, an established textile-processing facility, increasing manufacturing capabilities and a clear plan to use IPO proceeds for debt reduction and machinery investment. The main concerns are leverage, textile-sector cyclicality, raw-material volatility, margin pressure and concentration in a single manufacturing location.
Sonaselection India IPO Strengths
• Integrated fabric manufacturing and processing business.
• Strong revenue growth over the last three financial years.
• Revenue increased to ₹416.92 crore in FY2026.
• EBITDA reached ₹65.36 crore in FY2026.
• Established manufacturing facility in Bhilwara, Rajasthan.
• Installed processing capacity of approximately 82.44 million metres per annum.
• Manufacturing capabilities cover cotton, cotton lycra, cotton blends and polyester blends.
• Ability to undertake customised job-work processing.
• Transition from job-work processing towards a manufacturing-led model.
• IPO proceeds are primarily directed towards debt reduction and capital expenditure.
• Experienced promoter group with substantial textile-industry background.
• Strong customer-focused manufacturing and processing capabilities.
Sonaselection India IPO Risk Factors
• High level of outstanding borrowings.
• Debt-to-equity remains elevated.
• Textile business is exposed to fluctuations in cotton, yarn, chemicals and energy prices.
• Profit margins can be affected by raw-material price volatility.
• The company depends substantially on its manufacturing facility at Bhilwara.
• Any disruption at the manufacturing facility could affect production.
• Textile demand can be cyclical and influenced by economic conditions.
• The company faces competition from established textile manufacturers.
• Changes in fashion and customer preferences can affect demand.
• Working-capital requirements can remain significant in textile manufacturing.
• The company has a relatively short corporate operating history since incorporation in 2022.
• New machinery and capacity investments may take time to generate expected returns.
• Dependence on key customers and customer retention may affect revenue.
• Certain borrowings are supported by promoter-related guarantees or collateral arrangements.
• Adverse legal, regulatory or tax proceedings could affect the company.
• Margin compression remains a concern if input costs increase faster than selling prices.
Sonaselection India IPO Promoters
The promoters of Sonaselection India Limited are Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari and Sona Polyspin Private Limited.
The promoter and promoter group held approximately 86.21% of the company’s pre-issue share capital. Following the fresh issue, promoter and promoter-group holding is expected to reduce to approximately 64.52%.
Sonaselection India IPO Promoters Details
| Promoter | Designation |
|---|---|
| Harshil Nuwal | Promoter & Managing Director |
| Subhash Chandra Nuwal | Promoter & Chairman |
| Uma Nuwal | Promoter |
| Deepank Bhandari | Promoter |
| Sona Polyspin Private Limited | Promoter Group Entity |
Subhash Chandra Nuwal has extensive experience in the textile industry, while Harshil Nuwal is involved in the company’s management and business expansion. The company identifies the above five entities/persons as its promoters.
Sonaselection India IPO Management Team
The company is supported by its promoter-led management and key managerial personnel.
| Name | Designation |
|---|---|
| Subhash Chandra Nuwal | Chairman |
| Harshil Nuwal | Managing Director |
| Harish Sharma | Company Secretary & Compliance Officer |
Subhash Chandra Nuwal has more than three decades of textile-industry experience, while Harshil Nuwal has been involved in expanding the group’s textile manufacturing capabilities. Harish Sharma is identified as the Company Secretary and Compliance Officer.
Sonaselection India IPO Registrar Details
KFin Technologies Limited is the registrar to the Sonaselection India IPO. The registrar will handle application processing, basis of allotment, refunds and credit of shares to successful applicants.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | kfintech.com |
| IPO Allotment Status | KFin Technologies IPO Allotment Portal |
| Email ID | [email protected] |
| Contact Number | +91 40 6716 2222 |
KFin Technologies Limited has appointed M. Murali Krishna as the contact person for the issue.
Sonaselection India IPO Lead Manager Details
Choice Capital Advisors Private Limited is the Book Running Lead Manager for the Sonaselection India IPO.
| Particular | Details |
|---|---|
| Lead Manager | Choice Capital Advisors Private Limited |
| Contact Persons | Nimisha Joshi / Nishant Baghmar |
| [email protected] | |
| Contact Number | +91 22 6707 9999 / 7919 |
| Website | choiceindia.com |
Choice Capital Advisors Private Limited is responsible for managing the public issue and coordinating the IPO process with the company, regulators, stock exchanges and other intermediaries.
Sonaselection India Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Sonaselection India Limited |
| Registered Office | 18th KM Stone, Chittorgarh Road, Hamirgarh, Bhilwara – 311025, Rajasthan |
| Website | https://www.sonaselection.com/ |
| Email ID | [email protected] |
| Contact Number | +91 8386090831 |
The company’s registered office is located at Hamirgarh, Bhilwara, Rajasthan. Harish Sharma is identified as the Company Secretary and Compliance Officer and the principal contact person for the company’s IPO-related communications.
How to Check Sonaselection India IPO Allotment Status
Investors can check Sonaselection India IPO allotment status after the basis of allotment is finalised through KFin Technologies or the BSE IPO platform.
Through KFin Technologies
- Visit the official KFin Technologies IPO allotment portal.
- Select Sonaselection India IPO from the available IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Submit the information to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Sonaselection India IPO from the available issue list.
- Enter the PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
The tentative basis of allotment date is September 22, 2026, with refunds and demat credit scheduled for September 23 and listing scheduled for September 24, 2026.
Sonaselection India IPO Conclusion
Sonaselection India IPO offers investors exposure to an integrated textile manufacturing and processing company based in Bhilwara, Rajasthan.
The company has expanded significantly in recent years, with revenue from operations rising from ₹120.98 crore in FY2024 to ₹416.92 crore in FY2026. EBITDA reached ₹65.36 crore and PAT stood at ₹19.20 crore in FY2026.
The company’s manufacturing facility has an installed processing capacity of approximately 82.44 million metres per annum. Its transition from job-work processing towards manufacturing of value-added fabrics provides an opportunity to improve its product mix and capture more value from its operations.
The IPO is entirely a fresh issue of up to 1.43 crore shares. The company plans to use approximately ₹80 crore for repayment or prepayment of borrowings and around ₹50.61 crore for plant and machinery. This provides a combination of debt reduction and capacity investment.
The main concerns are the company’s relatively high leverage, exposure to raw-material prices, textile-sector cyclicality and dependence on its manufacturing facility. Margin compression in FY2026 also deserves attention.
At the upper price band of ₹99, the minimum retail investment is ₹14,850 for 150 shares. The IPO is scheduled to open on September 17 and close on September 21, 2026, with listing expected on September 24.
Investors should evaluate the IPO based on the company’s earnings sustainability, debt reduction, capacity utilisation, industry conditions and valuation rather than relying solely on grey-market premium or expected listing gains.
Sonaselection India IPO FAQs
What is Sonaselection India IPO?
Sonaselection India IPO is a mainboard book-built public issue of Sonaselection India Limited, an integrated fabric manufacturing and processing company based in Bhilwara, Rajasthan.
What is the price band of Sonaselection India IPO?
The Sonaselection India IPO price band is ₹94 to ₹99 per equity share.
What is the issue size of Sonaselection India IPO?
The issue comprises up to 1.43 crore fresh equity shares and is valued at approximately ₹141.57 crore at the upper price band of ₹99. There is no offer for sale component.
When will Sonaselection India IPO open?
Sonaselection India IPO will open for subscription on September 17, 2026.
When will Sonaselection India IPO close?
Sonaselection India IPO will close for subscription on September 21, 2026.
What is the lot size of Sonaselection India IPO?
The Sonaselection India IPO lot size is 150 shares. At the upper price band of ₹99, the minimum investment is ₹14,850.
What is the Sonaselection India IPO allotment date?
The tentative Sonaselection India IPO allotment date is September 22, 2026.
When will Sonaselection India IPO be listed?
Sonaselection India shares are scheduled to be listed on BSE and NSE on September 24, 2026.
Who is the registrar for Sonaselection India IPO?
KFin Technologies Limited is the registrar to the Sonaselection India IPO.
What does Sonaselection India Limited do?
Sonaselection India Limited is an integrated fabric manufacturing and processing company. It manufactures cotton fabrics, cotton lycra, cotton blends and polyester blends and also undertakes processing of different types of fabrics on a job-work basis. Its manufacturing facility is located at Hamirgarh, Bhilwara, Rajasthan.
