Sonaselection India Limited has allotted 42,90,000 equity shares to three anchor investors. The company set the price at ₹99 per share. Therefore, the total allocation amounts to approximately ₹42.47 crore.
The allotment took place ahead of the company’s initial public offering (IPO). It gives investors an opportunity to participate before the public issue opens.
Sonaselection Anchor Share Allocation Details
Three investors received shares under the anchor allocation. Astorne Capital VCC – Arven received the largest share of the allotment.
The allocation details are as follows:
- Astorne Capital VCC – Arven: 22,96,350 shares, representing 53.53%.
- India Max Investment Fund Limited: 9,96,900 shares, representing 23.24%.
- Lord Multigrowth Fund: 9,96,750 shares, representing 23.23%.
Together, the three investors received all 42,90,000 shares in the anchor allocation. Each investor received shares at the same price of ₹99.
IPO Price Band and Schedule
Sonaselection India set its IPO price band at ₹94–₹99 per share. Each equity share carries a face value of ₹10. In addition, the minimum bid lot stands at 150 shares.
According to the supplied issue details, the anchor investor bidding period took place on September 16, 2026. Meanwhile, the public issue was scheduled to open on September 17 and close on September 21, 2026.
Investors should check the company’s official filings for the confirmed issue schedule and other details.
Fresh Issue and Proposed Listing
The company plans to issue up to 1,43,00,000 fresh equity shares. It has also proposed listing its shares on the BSE and the National Stock Exchange of India (NSE).
The issue details specify allocation limits for different investor categories. Qualified institutional buyers can receive up to 50% of the issue. Meanwhile, non-institutional investors have a minimum allocation of 15%.
Retail individual investors have a minimum allocation of 35%. These limits outline the proposed distribution of shares across investor categories.
The anchor allocation forms part of the IPO process. However, investors should review the official offer documents before making investment decisions.
