Sonaselection India Limited has announced its Initial Public Offering (IPO). The issue will open on September 17, 2026, and close on September 21, 2026.
The company is an integrated fabric manufacturing and processing company. It produces value-added fabric products for the textile industry.
The IPO will include a Fresh Issue of up to 14,300,000 equity shares. Each share has a face value of ₹10.
The price band is set at ₹94 to ₹99 per equity share. The minimum bid is 150 equity shares. Investors can bid in multiples of 150 shares thereafter.
The IPO will open for Anchor Investors on September 16, 2026. The Equity Shares are proposed to be listed on the BSE and NSE.
IPO Allocation
The company will follow the Book Building Process for the IPO. Up to 50% of the issue may be allocated to Qualified Institutional Buyers (QIBs).
The company may allocate up to 60% of the QIB Portion to Anchor Investors. This will be done in consultation with the Book Running Lead Manager.
At least 15% of the issue will be available for Non-Institutional Bidders. At least 35% will be available for Retail Individual Bidders.
All eligible bidders, except Anchor Investors, must use the ASBA process. UPI bidders must also provide their UPI ID, where applicable.
Use of IPO Proceeds
Sonaselection India Limited plans to use the IPO proceeds for three key purposes.
- Repayment or pre-payment of certain bank borrowings.
- Purchase of plant and machinery for its existing manufacturing facility in Bhilwara, Rajasthan.
- General corporate purposes.
The manufacturing facility is located at 18th K.M. Stone, Chittorgarh Road, Hamirgarh, Bhilwara, Rajasthan – 311025.
Choice Capital Advisors Private Limited is the Book Running Lead Manager to the issue. Kfin Technologies Limited is the Registrar to the Issue.
The Floor Price is 9.40 times the face value of the equity shares. The Cap Price is 9.90 times the face value.
