Sonaselection India IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Final |
|---|---|---|---|
| QIB | 0.11x | 0.46x | 1.16x |
| NII | 0.24x | 0.60x | 1.99x |
| bNII > ₹10L | 0.20x | 0.59x | 2.01x |
| sNII 2-10L | 0.30x | 0.61x | 1.96x |
| Retail | 0.77x | 1.29x | 2.50x |
| Total | 0.47x | 0.90x | 2.01x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 121.31 | 316.47 | 517.60 |
| Expense | 104.37 | 290.39 | 469.54 |
| Profit (PAT) | 13.10 | 18.56 | 34.02 |
| Total Assets | 203.50 | 374.77 | 474.99 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Sonaselection India This IPO | 5.99 | 16.53 | 39.05 | 24.78 | - |
| Vishal Fabrics Limited | 1.52 | 12.23 | 6.33 | 26.12 | 1,602.11 Cr |
| Sangam (India) Limited | 16.44 | 37.29 | 8.02 | 211.85 | 3,234.53 Cr |
| Nitin Spinners Limited | 31.58 | 18.22 | 12.77 | 261.60 | 3,213.87 Cr |
Promoters & Holding Pattern
Promoters: Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, Sona Polyspin Pvt.Ltd.
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 3,66,67,014 | 86.21% |
| Promoter Holding Post Issue | 3,66,67,014 | 64.52% |
Strengths & Risks
- Revenue grew 64% in the latest reported year.
- Strong return on equity — 39%.
- Backed by anchor investors — Rs 42 crore committed pre-issue.
- Elevated leverage — debt/equity of 2.48.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Sonaselection India
Founded in February 2022, Sonaselection is a fabric manufacturing and processing firm that makes 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends, and polyester blends like polyester-viscose (P/V) and polyester fabrics, serving a diverse range of end-use applications across fashion and apparel. Its manufacturing facility is situated in Bhilwara, Rajasthan, spread across approximately 49,540 sq. metres. Its facilities are equipped with modern textile processing machinery to process textiles through bleaching, dyeing, and finishing. Sonaselection uses both its own manufacturing facilities and outside job-work services to complete the entire life cycle, from processing and quality checking to grading, packing, and delivery.
Company Contact Information
18th K M Stone Chittorgarh Road Hamirgarh Bhilwara Rajasthan
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment and/or pre-payment, in full or part, of certain borrowings | 80.00 |
| Funding of capital expenditure towards purchase of plant and machineries | 50.61 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Sonaselection India IPO - Quick Take
Sonaselection India has set a price band of Rs 94–Rs 99 per share for an issue size of Rs 142 crore. The stock listed with a 3.34% gain versus its issue price on September 24, 2026.
The issue is promoted by Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, Sona Polyspin Pvt.Ltd. with Choice Capital Advisors Pvt.Ltd. acting as lead manager. Anchor investors have committed Rs 42 crore ahead of the public issue — about 30% of the total issue size. Anchor allocation was completed on September 16, 2026. Net proceeds will primarily be used towards repayment and/or pre-payment, in full or part, of certain borrowings (Rs 80 crore) and funding of capital expenditure towards purchase of plant and machineries (Rs 51 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 16.53x. On fundamentals, the company is posting revenue growth of 63.6%, a profit margin of 6.6%, return on equity of 39.1% in its most recent reported period. Listed peers in this segment include Vishal Fabrics Limited (P/E 12.23x) and Sangam (India) Limited (P/E 37.29x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Sonaselection India IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 4%. Of the 32 Mainboard IPOs we have tracked with a final GMP under 10%, 19 listed above, 6 flat and 7 below the issue price; Sonaselection India listed 3.3% above its issue price.
See the full Sonaselection India GMP history and trend, or learn how grey market premium works and how reliable it is.
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