Sonaselection India Ltd. logo

Sonaselection India was incorporated on February 11, 2022. The company is an integrated fabric manufacturer and processor, converting raw textiles into high-quality, value-added fabrics using advanced technology and strict quality systems. It offers a diverse product portfolio, including cotton, cotton blends, cotton lycra, and polyester fabrics, providing reliable, cost-efficient, and timely solutions to customers

Bidding Dates
17 Sep 2026 - 21 Sep 2026
Subscription
2.01x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue Price BandPost Issue Promoter Holding %Issue SizeIPO Document
₹14,10011315014.3 M₹94 - ₹9964.52 %₹1,344.2 M - ₹1,415.7 MRHP DOC

Sonaselection IPO SUBSCRIPTION STATUS

21 Sep '26
Total2.01x
Retail Individual Investor2.5x
HNI (NII) Investors2x
Qualified Institutional Buyers1.16x

Sonaselection IPO overall subscription rate was 2.01 times the total available shares

Sonaselection IPO retail subscription rate was 2.5 times in the retail segment

Sonaselection IPO non-institutional investor subscription rate was 2 times in the non-institutional investor category

Sonaselection IPO Qualified Institutional Bidder subscription rate was 1.16 times the available shares for Qualified Institutional Bidder

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation35%15%50%
21 Sep 2026
(Day 3)
2.5x2x1.16x
18 Sep 2026
(Day 2)
1.29x0.6x0.46x
17 Sep 2026
(Day 1)
0.77x0.24x0.11x

Sonaselection FINANCIALS

Period Revenue from Operations (Rs in crore) Net Profit (Rs in crore) Cash Flow from Operations (Rs in crore) Free Cash Flow (Rs in crore) Margins
FY26 516.9 34.0 -11.0 -33.6 16.4%
FY25 316.0 18.6 -14.2 -63.4 18.4%
FY24 121.0 13.1 17.6 -87.7 23.6%

Sonaselection IPO SUBSCRIPTION STATUS DETAILS

Sonaselection had 14.3 M shares on offer

Sonaselection IPO offer price was in the range ₹94 - ₹99

Sonaselection IPO minimum Investment was ₹14100

Sonaselection IPO issue size was ₹ 1,344.2 M - ₹ 1,415.7 M

Sonaselection had a minimum lot size of 150 Shares per application

Sonaselection NUMBER OF SHARES ON OFFER

Total14.3 M
Fresh Issue14.3 M
Offer for Sale0
Post Issue Promoter Holding %64.52 %

Sonaselection IPO IMPORTANT DATES

Issue Open Date17 Sep 2026
Issue close Date21 Sep 2026
Allotment Date22 Sep 2026
Refund Date23 Sep 2026
Demat Account Credit Date23 Sep 2026
Listing Date24 Sep 2026
Listing on Exchange(s)NSE and BSE
Sonaselection Allotment StatusExchange/ Registrar

Sonaselection IPO subscription opened on 17 Sep 2026, and closed on 21 Sep 2026

IPO allotment for Sonaselection was finalized on Tuesday, 22 Sep 2026

IPO listing for Sonaselection was on NSE and BSE on Thursday, 24 Sep 2026

Sonaselection IPO LISTING GAINS

Issue Price (adjusted)99.0
Listing Open Price102.3
Listing Close Price107.4
Listing Gain%3.3%
Current Gain%-1.1%

Sonaselection Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Sonaselection India Ltd.97.9556.216.30.21.132.77.2517.663.63483.3683.3
KPR Mill Ltd.1053.836020.439.53.75.315.212.76784.35866.56.326.710.7
Welspun Living Ltd.223.82146177.3-1.62.24.229467.9-11.5204.4-682.9-48.7
Vardhman Textiles Ltd.528.215295.418-38.11.57.15.410092.5-0.3745.2-15.629.3-0.5
Arvind Ltd.509.413859.133.52.61.410.24.79359.511.5413.917.115.212.7
Trident Ltd.2211190.728.3-31.77.956775.2-3.9377.120.8-9.4

Sonaselection IPO Reports

IPO SubscribePDF

Ventura

16 Sept 2026

Sonaselection INFORMATION ON IPO ISSUE

About Sonaselection

Sonaselection India was incorporated on February 11, 2022. The company is an integrated fabric manufacturer and processor, converting raw textiles into high-quality, value-added fabrics using advanced technology and strict quality systems. It offers a diverse product portfolio, including cotton, cotton blends, cotton lycra, and polyester fabrics, providing reliable, cost-efficient, and timely solutions to customers

Object of the Issue

  • Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company from banks
  • Funding of capital expenditure towards purchase of plant and machineries at the existing manufacturing facility
  • General corporate purposes

Sonaselection - PROMOTERS

Name
Harshil Nuwal
Subhash Chandra Nuwal
Uma Nuwal
Deepank Bhandari

Sonaselection - MANAGEMENT & LEADERSHIP

NameDesignation
Harshil NuwalManaging Director
Uma NuwalWhole-time Director
Subhash Chandra NuwalNon-executive Director & Chairman
Aditi KakhaniNon-executive & Independent Director
Kanhaiya Lal AcharyaNon-executive & Independent Director
Kamlesh Kumar ChoudharyNon-executive & Independent Director

Sonaselection Book Running Lead Manager

Choice Capital Advisors Private Limited

ssil.ipo@choiceindia.com

Sonaselection Registrar to the Offer

Kfin Technologies Limited

sona.ipo@kfintech.com

Sonaselection Strengths

Geographical advantage

The company operates a manufacturing facility in Bhilwara, Rajasthan, leveraging the region’s integrated textile ecosystem for skilled labor, reliable suppliers, and ancillary support. The plant is environmentally compliant and centralized for end-to-end cotton fabric processing, enhancing efficiency, coordination, and consistent output quality

Strength

Integrated business model

The company operates an integrated model combining in-house manufacturing with job-work processing, enhancing quality control, capacity utilization, and operational flexibility. Since establishing its own cotton processing plant in July 2024, it has converted greige fabric to finished fabric in-house, improving production oversight, efficiency, and product consistency

Strength

Customers retention

The company has established trust and reliability across the market by delivering fabrics tailored to specific quality, volume, and delivery requirements. This capability has helped build strong customer partnerships and ensure consistent satisfaction

Strength

Sonaselection Risks

Depend on raw material

The company’s manufacturing operations depend heavily on the availability and pricing of yarn and greige fabric, which are key raw materials. Any fluctuation in their supply or cost, or higher working capital requirements, may adversely impact production, profitability, and cash flows

Risk

Competition

The company operates in a highly competitive textile industry and faces pricing pressure, rapid technological changes, and industry consolidation. Inability to compete on quality, pricing, customer relationships, or timely delivery against larger and integrated players may adversely affect its market position and financial performance

Risk

Energy intensive business

The company’s manufacturing operations are power-intensive and depend on reliable electricity, and any disruption in grid supply could delay production and impact performance. To mitigate this risk, the company has installed solar power and a steam turbine and plans to commission a 1.1 MW rooftop solar project for captive use

Risk

IPO FAQs

  • The promoters of the company are Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal and Deepank Bhandari.
  • The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
  • The price band of the IPO is Rs 94.0 - 99.0.
  • The IPO application opens on Sep 17, 2026 and closes on Sep 21, 2026.
  • The minimum lot size for the IPO is 150. The maximum lot size for the IPO is 1950.
  • For all category investors, the minimum application amount for this IPO is Rs. 14,100.0, the maximum value for this IPO is Rs 193,050.0.
  • This IPO will be allotted on Sep 22, 2026.
  • The refund will be credited to your account on Sep 23, 2026.
  • The allotted shares will be credited to your demat on Sep 23, 2026.
  • Sonaselection India Ltd.’s shares listed on the stock exchanges on Sep 24, 2026.