Sonaselection India Limited IPO — Subscription & GMP
- Price band
- ₹94 – ₹99
- Lot size
- 150
- Issue size
- ₹99.1 Cr
- Bidding
- 17 Sept 2026 → 21 Sept 2026
- Allotment
- —
- Listing
- 24 Sept 2026
Listing outcome
Official exchange pricesGMP was out by 3.3 percentage points in the buyer’s favour — it implied 0.00% and the issue listed +3.34%. Counted in our running GMP accuracy record.
Schedule
- 17 Sept 2026IPO open date
- 21 Sept 2026IPO close date
- 22 Sept 2026Allotment date†
- 22 Sept 2026Funds unblock or debit†
- 24 Sept 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsSonaselection India Limited - Business Model Summary
Sonaselection India Limited operates as an integrated textile manufacturing and processing company specializing in the production and value-added finishing of fabrics for the fashion and apparel industry.
Core Segments & Operational Model
1. Fabric Manufacturing & Value-Added Processing: - Products: Produces and processes 100% cotton, cotton-lycra (stretch), cotton blends, and polyester-blend fabrics. - Integrated Operations: Sources unrefined greige fabric from third-party suppliers and processes it in-house through bleaching, dyeing, finishing, and quality grading. - Infrastructure: Operates a large-scale processing facility located in Bhilwara, Rajasthan.
2. Job-Work Services: - Provides third-party textile processing services, treating customer-supplied greige fabric according to precise specifications for color, texture, and technical finishes.
3. Apparel Expansion: - Operates in the readymade garments (RMG) segment through subsidiaries to capture downstream margins in the apparel value chain.
Revenue Streams
- B2B Fabric Sales: Generates primary revenue through the direct wholesale supply of finished, value-added textile fabrics to apparel brands, traders, and garment manufacturers.
- Processing Service Fees: Realizes service-based revenue through contracted job-work processing for external textile clients.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹8.09 | — |
| P/E ratio | 12.24× | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 771 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 28.60 L | 25.16 L | 0.88× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 20.71 L | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 0 | — |
| 1(c)Mutual funds | — | 0 | — |
| 1(d)Others | — | 4.44 L | — |
| 2Non Institutional Investors | 21.45 L | 35.32 L | 1.65× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 14.30 L | 24.31 L | 1.70× |
| 2.1(a)Corporates | — | 1.72 L | — |
| 2.1(b)Individuals(Other than RIIs) | — | 20.34 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 7.15 L | 11.01 L | 1.54× |
| 3Retail Individual Investors(RIIs) | 50.05 L | 85.27 L | 1.70× |
| 3(a)Cut Off | — | 78.06 L | — |
| 3(b)Price bids | — | 7.20 L | — |
| Total | 1.00 Cr | 1.46 Cr | 1.46× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹94 → ₹99 · peak 2.02 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
The allocation table for this issue could not be read reliably from the filing, so nothing is reproduced here.
Allotment status
You will need your PAN, application number or DP/client ID. These links go to the registrar and exchanges directly — UpcomingIPO never asks for those details.
Issue details
- Price band
- ₹94 – ₹99
- Lot size
- 150 shares
- Min. bid quantity
- 150
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 1.00 Cr
- Issue size
- ₹99.1 Cr
- Max bid · QIB
- 1.00 Cr
- Max bid · NII
- 71.50 L
Timeline & process
- Bidding opens
- 17 Sept 2026
- Bidding closes
- 21 Sept 2026
- Bidding hours
- 10.00 am to 5.00 pm
- UPI mandate cutoff
- 21th September 2026 (Upto 5.00 Pm)
- Allotment
- —
- Listing
- 24 Sept 2026
Intermediaries
- Registrar
- Kfin Technologies Limited
- Sponsor bank
- AXIS BANK
- Lead managers
- Choice Capital Advisors Private Limited