onaselection India IPO 2026 opens for subscription on September 17, 2026, and will close on September 21. The mainboard IPO is a fresh issue of 1.43 crore equity shares, with the price band fixed at ₹94 to ₹99 per share. At the upper price band, the issue is valued at approximately ₹141.57 crore.
Sonaselection India is a textile manufacturing and processing company based in Bhilwara, Rajasthan. The company produces finished fabrics and also provides processing services, with its operations covering activities such as dyeing and finishing. It has also expanded into ready-made garments.
In this guide, we cover the Sonaselection India IPO price band, GMP, lot size, minimum investment, allotment date, listing date, financial performance, use of IPO proceeds, valuation and key risks.
Sonaselection India IPO 2026: Key Details
| Particular | Details |
|---|---|
| IPO Name | Sonaselection India IPO 2026 |
| IPO Type | Mainboard IPO |
| Issue Type | Book Building |
| Issue Size | ₹141.57 crore |
| Fresh Issue | 1.43 crore shares |
| Offer for Sale | None |
| Price Band | ₹94 – ₹99 per share |
| Face Value | ₹10 per share |
| Lot Size | 150 shares |
| Minimum Investment | ₹14,850 |
| IPO Opens | September 17, 2026 |
| IPO Closes | September 21, 2026 |
| Allotment | September 22, 2026 |
| Refunds | September 23, 2026 |
| Demat Credit | September 23, 2026 |
| Expected Listing | September 24, 2026 |
| Listing | BSE & NSE |
| Registrar | KFin Technologies Limited |
| Book Running Lead Manager | Choice Capital Advisors Pvt. Ltd. |
NSE’s official issue-information page confirms the price range, 150-share bid lot, issue period, 1.43 crore fresh shares, BRLM and registrar. Moneycontrol independently confirms the ₹141.57-crore issue, dates, minimum investment and BSE/NSE listing
For the allotment section, link the registrar:
Sonaselection India IPO GMP Today
The Sonaselection India IPO GMP is an unofficial indicator of investor sentiment in the grey market. It is not determined by the company, NSE or BSE and does not guarantee the actual listing price.
GMP as of September 17, 2026: ₹8*
IPO upper price band: ₹99
Indicative price: ₹107*
Important: Grey-market premium figures can change rapidly before listing and should not be treated as a guaranteed return or listing price.
What Does Sonaselection India Do?
Sonaselection India operates in the textile manufacturing and processing industry, with its manufacturing operations based in Bhilwara, Rajasthan.
The company produces finished fabrics for textile traders and garment brands and provides job-work processing services. Its manufacturing process includes multiple stages such as singeing, scouring, bleaching, peaching, dyeing and finishing. The company also has an in-house quality-control laboratory and warehousing infrastructure.
More recently, Sonaselection has expanded into the ready-made garments segment, giving the company exposure to a broader portion of the textile value chain.
The company’s DRHP identifies Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepak Bhandari and Sona Polyspin Private Limited as its promoters.
Sonaselection India IPO: Use of IPO Proceeds
The company plans to use the net proceeds from the IPO primarily for repayment or prepayment of certain borrowings and for purchasing plant and machinery. The remaining amount will be used for general corporate purposes.
| Use of Funds | Amount |
|---|---|
| Repayment/prepayment of certain borrowings | ₹80.00 crore |
| Purchase of plant & machinery | ₹50.61 crore |
| General corporate purposes | Balance amount |
The planned debt repayment represents a significant portion of the IPO proceeds, while the proposed investment in plant and machinery is intended to support the company’s manufacturing operations and capacity.
Why the IPO fund utilisation matters
A major portion of the issue is being directed toward reducing borrowings. This can potentially lower the company’s finance costs and strengthen its balance sheet, although the actual impact will depend on the company’s future borrowing and operating performance.
The proposed investment in plant and machinery also indicates that the company is using part of the fresh capital for business expansion rather than relying entirely on the IPO for debt reduction.
Sonaselection India Financial Performance
Sonaselection India has recorded strong growth in revenue and profitability over the last three financial years.
| Financial Year | Revenue | EBITDA | PAT |
|---|---|---|---|
| FY24 | ₹120.98 cr | ₹28.49 cr | ₹13.10 cr |
| FY25 | ₹315.95 cr | ₹58.12 cr | ₹18.56 cr |
| FY26 | ₹516.95 cr | ₹84.77 cr | ₹34.02 cr |
Revenue increased from approximately ₹120.98 crore in FY24 to ₹516.95 crore in FY26, while profit after tax rose from ₹13.10 crore to ₹34.02 crore over the same period.
What the numbers show
The company has experienced substantial top-line growth over this period, particularly between FY24 and FY25.
However, PAT growth has been slower than revenue growth, which is something investors should examine rather than looking only at the headline revenue increase.
The combination of revenue growth, profitability and the company’s planned investment in manufacturing assets will be important factors when assessing the IPO.
Investors can refer to Sonaselection India’s Investor Relations page for its RHP, financial documents, annual reports and other company disclosures.
Sonaselection India IPO Valuation
At the upper price band of ₹99 per share, the IPO values Sonaselection India at a post-issue equity valuation of approximately ₹488 crore, based on the company’s post-issue share capital.
Based on FY26 earnings, the company’s reported earnings per share (EPS) is around ₹23.80. On this basis, the IPO price band implies an approximate P/E multiple of:The RHP-based figures currently reported show FY26 EPS around ₹8.09, not ₹23.80. That gives:
| Price | FY26 EPS | P/E |
|---|---|---|
| ₹94 | ₹8.09 | ~11.62× |
| ₹99 | ₹8.09 | ~12.24× |
These calculations are based on the FY26 financial figures and the IPO price band. Investors should note that historical earnings do not guarantee future performance.
Key Strengths of Sonaselection India
1. Strong revenue growth
Revenue increased substantially from FY24 to FY26, showing significant expansion in the company’s business operations.
2. Improving profitability
PAT increased from ₹13.10 crore in FY24 to ₹34.02 crore in FY26, while EBITDA also increased over the same period.
3. Integrated textile operations
The company operates across multiple stages of textile processing, allowing it to participate in more than one part of the manufacturing value chain.
4. Capacity and machinery investment
A portion of the IPO proceeds is planned for plant and machinery, which could support manufacturing capabilities and future growth.
5. Debt reduction
The company intends to use ₹80 crore of the IPO proceeds toward repayment/prepayment of borrowings, which could reduce its financial obligations.
Risks Investors Should Know
Textile-sector volatility
The company’s performance can be affected by fluctuations in cotton, yarn, energy and other input costs, as well as changes in textile demand.
Working-capital requirements
Textile manufacturing can require significant working capital because of inventory, production cycles and customer credit periods.
Dependence on market conditions
Changes in domestic and international textile demand, competition and export-market conditions can influence revenue and margins.
Debt-related risk
Although ₹80 crore of IPO proceeds is planned for debt repayment/prepayment, the company continues to operate with financial obligations. Future borrowing and interest costs will remain relevant.
Execution risk
The benefits from new machinery and capacity investments depend on successful implementation, utilisation and demand.
Sonaselection India IPO Timeline
| IPO Event | Date |
|---|---|
| IPO Opens | September 17, 2026 |
| IPO Closes | September 21, 2026 |
| Basis of Allotment | September 22, 2026 |
| Refund Initiation | September 23, 2026 |
| Shares Credited to Demat | September 23, 2026 |
| Expected Listing | September 24, 2026 |
The IPO schedule is based on the current issue information. Investors should check the registrar and exchange updates for any changes.
Should You Apply for Sonaselection India IPO?
The Sonaselection India IPO brings together several factors that investors may want to examine before applying.
Potential positives
- Revenue increased substantially between FY24 and FY26.
- PAT increased from ₹13.10 crore to ₹34.02 crore over the same period.
- The company operates across textile manufacturing and processing.
- ₹80 crore of the IPO proceeds is planned for debt repayment/prepayment.
- ₹50.61 crore is proposed for plant and machinery.
- The IPO is being offered at a price band of ₹94–₹99 per share.
Things investors should consider
- Textile businesses can be affected by raw-material prices and demand cycles.
- Future profitability may not grow at the same pace as historical revenue.
- Working-capital requirements can affect cash flows.
- Debt reduction is a major part of the IPO’s fund utilisation.
- Expansion through new machinery involves execution and utilisation risks.
- GMP is unofficial and can change significantly before listing.
Bottom line
The IPO presents a combination of rapid historical growth, textile-sector exposure, debt reduction and planned investment in manufacturing assets. At the same time, investors should evaluate whether the company’s future earnings can sustain its recent growth and consider the risks associated with the textile industry and expansion plans.
There is no guarantee that historical financial performance or grey-market sentiment will translate into future share-price performance.
Frequently Asked Questions
1. What is the Sonaselection India IPO price band?
The Sonaselection India IPO price band is ₹94 to ₹99 per equity share. The issue opens on September 17 and closes on September 21, 2026.
2. What is the Sonaselection India IPO lot size?
The lot size is 150 shares. At the upper price band of ₹99, one lot requires ₹14,850.
3. When will the Sonaselection India IPO open and close?
The IPO opens on September 17, 2026, and closes on September 21, 2026.
4. What is the Sonaselection India IPO allotment date?
The basis of allotment is scheduled to be finalized on September 22, 2026.
5. What is the Sonaselection India IPO listing date?
The shares are scheduled to list on September 24, 2026, on both the BSE and NSE.
6. What is the Sonaselection India IPO GMP today?
Grey-market premium figures are unofficial and can change throughout the IPO period. On September 16, trackers reported figures ranging from ₹0 to ₹8, with ₹8 representing the recent reported high. Investors should not treat GMP as a guaranteed listing price.
7. What does Sonaselection India do?
Sonaselection India is an integrated textile manufacturing and processing company based in Bhilwara, Rajasthan. It manufactures and processes fabrics including cotton, cotton-lycra, cotton-blend and polyester-blend fabrics.
8. Is Sonaselection India IPO a mainboard IPO?
Yes. Sonaselection India is a mainboard IPO and its shares are proposed to be listed on the BSE and NSE.
9. How much money is being raised through the Sonaselection India IPO?
The IPO comprises a fresh issue of up to 1.43 crore equity shares. At the upper price band of ₹99, the issue size is approximately ₹141.57 crore.
10. Who is the registrar of the Sonaselection India IPO?
KFin Technologies Limited is the registrar for the Sonaselection India IPO.
11. Is the Sonaselection India IPO worth applying for?
The answer depends on an investor’s individual financial circumstances and risk tolerance. The company has reported strong historical revenue and profit growth, while investors should also consider its debt, working-capital requirements, textile-sector risks and expansion plans. The IPO should be evaluated using the official offer documents rather than GMP alone.
Sonaselection India IPO: Final Takeaway
The Sonaselection India IPO 2026 is a ₹141.57-crore mainboard issue scheduled to open on September 17 and close on September 21, 2026.
With a price band of ₹94–₹99, investors need a minimum of 150 shares, requiring ₹14,850 at the upper price band.
The company’s strong revenue and profit growth, planned debt repayment and investment in plant and machinery are key parts of the IPO story. However, investors should also consider textile-sector volatility, working-capital requirements and execution risks before making a decision.
For readers tracking India’s primary market, BizzTechDaily is also covering the NSE IPO 2026, Jindal Supreme IPO 2026 and Hero Motors IPO 2026.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. IPO GMP figures are unofficial and may change without notice. Investors should read the official offer documents and assess their own financial circumstances and risk tolerance before investing.