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Sonaselection India IPO
Price Band
₹94.0–99.0
Issue Size
₹141.57 Cr
Lot Size
150 shares
Min Investment
₹14,850
GMP
—
Issue Price
₹99.0
Sonaselection India IPO AI Summary
- Sonaselection India IPO is listed on BSE, NSE in the Other Textile Products sector.
- Price band: ₹94.0–₹99.0 per share, lot size 150 shares (min. investment ₹14,850).
- Subscription window: 17 Sep–21 Sep 2026, listing on 24 Sep 2026.
Sonaselection India Limited is a newly established fabric manufacturing company with a promising growth trajectory. Its IPO offers a chance for investors to participate in the textile sector, with a focus on quality and innovation.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sonaselection India IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 21 Sep 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
2.01x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
1.16x
|
1.16x |
| NII (HNI) |
2.00x
|
2.00x |
| ↳ bNII (>₹10L) |
2.01x
|
2.01x |
| ↳ sNII (<₹10L) |
1.96x
|
1.96x |
| Retail (RII) |
2.50x
|
2.50x |
| Total | 2.01x | 2.01x |
Auto-updated every 5 min · As of 21st Sep 2026 18:56
Sonaselection India IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in February 2022, Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production of value-added products. The company specialises in the manufacturing of 100% cotton fabric, cotton lycra (stretch) 262 fabric, cotton blends, polyester blends, and in the processing of fabric, including 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabric. The company convert raw textiles into finished, high‑quality fabrics. The company's model enables us to offer a diversified product portfolio, maintain consistent quality, support innovation in fabric development and provide its customers with reliable, cost‑efficient and timely solutions, thereby positioning us as a preferred partner for brands seeking consistency, innovation and faster delivery timelines. By employing a flexible workforce model, the company optimises manufacturing efficiency, scales production based on demand fluctuations, and maintains cost-effectiveness without compromising on quality or delivery timelines. Effectiveness without compromising on quality and delivery timelines. As of October 31, 2025, the company had 844 employees. Competitive Strength: Strategically located manufacturing facility with modern technologies to support our product portfolio. Integrated business model combining manufacturing and job work activities. Strong standing relationships with customers with a high retention rate. Experienced Promoters supported by a professional management team with domain knowledge.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹8.00
NAV
₹24.78
ROE
39.05%
ROCE
19.69%
RoNW
39.05%
P/B Value
4.00
P/E Ratio
12.38
Market Cap
₹562.60 Cr
PAT Margin
6.58%
Debt/Equity
2.48
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Nitin Spinners Limited | 261.6 | 12.77% | 18.22 | 31.58 | 31.58 |
| Sangam (india) Limited | 211.85 | 8.02% | 37.29 | 16.44 | 16.44 |
| Vishal Fabrics Limited | 26.12 | 6.33% | 12.23 | 1.52 | 1.52 |
| Sonaselection India Ltd. This IPO | 24.78 | 39.05% | — | 8.09 | 8.09 |
Promoters
Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, Sona Polyspin Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 27 Sep 2026Revenue Trend
Revenue was ₹121.31 Cr in 31 Mar 2024, rising to ₹316.47 Cr by 31 Mar 2025, and further increasing to ₹517.60 Cr by 31 Mar 2026. This shows a strong growth trend in total income over the periods.
Profit Trend
Profit After Tax was ₹13.10 Cr in 31 Mar 2024, increasing to ₹18.56 Cr by 31 Mar 2025, and further rising to ₹34.02 Cr by 31 Mar 2026. This indicates a positive growth trajectory in profitability.
Valuation
Priced at roughly 12.38 times trailing earnings, versus peers trading at a P/E range of 12.23 to 37.29.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares of an IPO are traded before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. However, GMP is not a guaranteed indicator of future performance.
Subscription Demand
As of 21st Sep 2026, the IPO was subscribed 2.01 times overall, with different categories showing varied interest: QIBs subscribed 1.16 times, NIIs 2.0 times, and Retail investors 2.5 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and financial health.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as it is a relatively new entrant in the textile sector.
IPO Timeline, Explained
The IPO opens on 17th September 2026 and closes on 21st September 2026. Allotment of shares will be done on 22nd September 2026, with the listing expected on 24th September 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make if the stock price rises on its first day of trading compared to the issue price. However, investing in IPOs carries risks, including market volatility and the company's performance post-listing, which can affect the stock price.
This evaluation is generated from Sonaselection India's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Sonaselection India IPO?
The price band of Sonaselection India IPO is ₹94.0–₹99.0 per share.
When does Sonaselection India IPO open and close?
Sonaselection India IPO opens on 17 September 2026 and closes on 21 September 2026.
When does Sonaselection India IPO list on the stock exchange?
Sonaselection India IPO listed on 24 September 2026 at ₹99.0.
What is the lot size for Sonaselection India IPO?
The lot size for Sonaselection India IPO is 150 shares, requiring a minimum investment of ₹14,850.
What is the lot size for this IPO?
The lot size for the Sonaselection India IPO is 150 shares.
What is the minimum investment required?
The minimum investment required is ₹14,850.
What is the price band for this IPO?
The price band for the IPO is ₹94 to ₹99.
When does the IPO open and close?
The IPO opens on 17th September 2026 and closes on 21st September 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Sep 2026
Close
21 Sep 2026
Allotment
22 Sep 2026
Listing
24 Sep 2026
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