Sonaselection India IPO
IPO Listing Details
- Listing Date
24 Sep 2026
- Listing Price
₹102.00
- Listing Change
3.03%
- Last Traded Price
₹93.10
Sonaselection India IPO Details
-
Open Date
17 Sep 2026
-
Close Date
21 Sep 2026
- IPO Price Range
₹ 94 to ₹99
- IPO Size
₹ 141.57 Cr
Sonaselection India IPO Timeline
Sonaselection India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 17-Sep-2026 | 0.11 | 0.24 | 0.77 | 0.47 |
| 18-Sep-2026 | 0.00 | 0.07 | 0.37 | 0.20 |
| 19-Sep-2026 | 1.16 | 1.99 | 2.50 | 2.01 |
Last Updated: 21 September 2026 6:04 PM by 5paisa
Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in producing value-added textile products. Its portfolio includes 100% cotton fabric, cotton lycra or stretch fabric, cotton blends and polyester blends. The Company also undertakes processing of fabrics such as cotton, cotton blends, polyester-viscose and polyester.
The Company operates a manufacturing facility in Bhilwara, Rajasthan, spread across approximately 49,540 sq. metres, with an installed processing capacity of 82.44 million metres per annum. Sonaselection initially operated primarily through textile processing and job-work activities before expanding into manufacturing and direct sale of finished fabrics. Its expanded cotton fabric processing plant became operational in July 2024. The Company has also entered the readymade garments segment through its subsidiary.
Established in: 2022
Managing Director: Harshil Nuwal
Peers:
| Metric | Sonaselection India Limited | Vishal Fabrics Limited | Sangam (India) Limited | Nitin Spinners Limited |
|---|---|---|---|---|
| Face Value (₹) | 10 | 5 | 10 | 10 |
| Revenue (₹ Cr) | 516.95 | 1,602.11 | 3,234.53 | 3,213.87 |
| PAT (₹ Cr) | 34.02 | 35.64 | 82.60 | 177.55 |
| EPS (₹) | 8.09 | 1.52 | 16.44 | 31.58 |
| P/E | - | 12.23 | 37.29 | 18.22 |
| RoNW (%) | 39.05 | 6.33 | 8.02 | 12.77 |
| NAV Per Share (₹) | 24.78 | 26.12 | 211.85 | 261.60 |
Sonaselection India Objectives
1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company from banks
2. Funding capital expenditure towards the purchase of plant and machinery at the existing manufacturing facility in Bhilwara, Rajasthan
3. General corporate purposes
4. Of the Net Proceeds, the Company proposes to allocate ₹80 crore towards repayment or pre-payment of certain borrowings and ₹50.61 crore towards the purchase of plant and machinery.
Sonaselection India IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹141.57 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹141.57 Cr |
Sonaselection India IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 150 | 14,100 |
| Retail (Max) | 13 | 1,950 | 1,93,050 |
| S-HNI (Min) | 14 | 2,100 | 1,97,400 |
| S-HNI (Max) | 67 | 10,050 | 9,94,950 |
| B-HNI (Min) | 68 | 10,200 | 9,58,800 |
Sonaselection India IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.16 | 28,60,000 | 33,25,800 | 32.925 |
| Non-Institutional Buyers | 1.99 | 21,45,000 | 42,78,150 | 42.354 |
| bNII | 2.01 | 14,30,000 | 28,78,500 | 28.497 |
| sNII | 1.96 | 7,15,000 | 13,99,650 | 13.857 |
| Retail | 2.50 | 50,05,000 | 1,25,00,100 | 123.751 |
| Total** | 2.01 | 1,00,10,000 | 2,01,04,050 | 199.030 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 120.98 | 315.95 | 516.95 |
| EBITDA | 28.49 | 58.12 | 84.77 |
| PAT | 13.10 | 18.56 | 34.02 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 203.50 | 374.77 | 474.99 |
| Share Capital | 3.10 | 15.87 | 42.53 |
| Total Liabilities | 164.61 | 304.70 | 370.82 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 17.61 | -14.18 | -10.99 |
| Net Cash Generated From / (used in) Investing Activities | -108.12 | -50.42 | -20.00 |
| Net Cash Generated From / (used in) Financing Activities | 94.65 | 60.67 | 33.15 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 4.14 | -3.93 | 2.17 |
Strengths
1. The Company's manufacturing facility is located in Bhilwara, one of India's established textile manufacturing clusters, providing access to suppliers, skilled manpower and supporting infrastructure.
2. Sonaselection has transitioned towards a manufacturing-led model, with manufacturing contributing 81.50% of revenue from operations in FY26 compared with 11.28% in FY24.
3. Its manufacturing facility combines fabric processing, finishing and quality-control capabilities, supported by an in-house quality assurance laboratory and multiple textile certifications.
4. Revenue from operations and PAT recorded CAGRs of 106.71% and 61.19%, respectively, between FY24 and FY26.
Weaknesses
1. The Company operates from a single manufacturing facility in Bhilwara, exposing operations to concentration risk in the event of disruption at the facility.
2. Sonaselection recorded negative operating cash flows in both FY25 and FY26, reflecting the working-capital intensity of its expanding manufacturing business.
3. The debt-equity ratio remained relatively high at 2.48 times in FY26, although it improved from 3.72 times in FY24.
4. Its transition from a predominantly job-work model towards manufacturing and readymade garments exposes the business to execution, inventory and working-capital risks.
Opportunities
1. India's textile processing industry is projected to expand from around USD 159 billion in CY24 to USD 241 billion by CY30, supporting demand across natural and synthetic textile segments.
2. Diversification of global sourcing networks and India's growing integration through free trade agreements could create further opportunities for textile exporters and manufacturers.
3. Expansion into readymade garments provides Sonaselection with an opportunity to move further downstream in the textile value chain.
4. The proposed investment in new plant and machinery is aimed at improving operating efficiency, product quality, process optimisation and manufacturing consistency.
Threats
1. Fluctuations in the prices and availability of yarn and greige fabric can affect manufacturing costs, working-capital requirements and profitability.
2. Dependence on third-party logistics providers exposes the Company to transportation delays, freight-cost volatility and disruptions in raw-material and finished-goods movement.
3. Competition from domestic and international textile manufacturers may put pressure on pricing, customer retention and margins.
4. Increasing environmental, sustainability and quality requirements across the textile industry may require continued investment in compliance and manufacturing infrastructure.
1. The Company operates an integrated textile manufacturing and processing facility with an installed processing capacity of 82.44 million metres per annum.
2. Revenue from operations increased from ₹120.98 crore in FY24 to ₹516.95 crore in FY26, accompanied by growth in EBITDA and PAT.
3. Its business has progressively shifted towards manufacturing, while the recent entry into readymade garments broadens its presence across the textile value chain.
4. The Bhilwara location provides access to an established textile ecosystem, while the proposed capital expenditure is intended to strengthen efficiency, process optimisation and product quality.
India's textile and apparel industry is expected to expand from approximately USD 188 billion in FY26 to USD 350 billion by FY30, supported by domestic consumption, exports, urbanisation and increasing demand for fashion and home textiles. Within this, the textile processing industry is projected to grow from around USD 159 billion in CY24 to USD 241 billion by CY30.
India is also benefiting from diversification in global sourcing as international buyers look beyond traditional manufacturing centres. Government initiatives, textile manufacturing clusters, free trade agreements and investments in sustainable production could further support the sector's development.
Sonaselection operates from Bhilwara, an established textile cluster with an integrated ecosystem spanning spinning, weaving, dyeing and processing. Its shift towards own-fabric manufacturing, alongside its entry into the readymade garments segment, gives the Company exposure to multiple stages of the textile value chain.
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FAQs
Sonaselection India IPO opens on September 17, 2026 and closes on September 21, 2026.
The size of the Sonaselection India IPO is approximately ₹141.57 crore at the upper price band of ₹99 per share. The offer is entirely a fresh issue of up to 1,43,00,000 equity shares.
The price band of the Sonaselection India IPO is fixed at ₹94 to ₹99 per equity share.
To apply for Sonaselection India IPO, follow the steps given below:
1. Login to your 5paisa demat account and select the issue in the current IPO section.
2. Enter the number of lots and the price at which you wish to apply for the Sonaselection India IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is 150 shares, requiring an investment of approximately ₹14,100 at the floor price of ₹94 per share. At the upper end of the price band, one lot amounts to ₹14,850.
The share allotment for the Sonaselection India IPO is expected to be finalised on September 22, 2026.
The Sonaselection India IPO is tentatively scheduled to list on the BSE and NSE on September 24, 2026.
Choice Capital Advisors Private Limited is the Book Running Lead Manager to the Sonaselection India IPO. KFin Technologies Limited is the registrar to the issue.
The Company proposes to use the Net Proceeds for:
1. Repayment and/or pre-payment of certain bank borrowings
2. Capital expenditure towards plant and machinery at its existing manufacturing facility in Bhilwara
3. General corporate purposes