GMP IPO Watch
Sonaselection India IPO entered its second day of bidding on September 18, 2026. The ₹141.57 crore mainboard IPO is entirely a fresh issue of 1.43 crore equity shares, with no offer-for-sale component. The price band is fixed at ₹94–₹99 per share and the IPO will remain open until September 21.
| Particular | Details |
|---|---|
| IPO Name | Sonaselection India IPO |
| IPO Dates | Sep 17–21, 2026 |
| IPO Type | Mainboard |
| Price Band | ₹94–₹99 |
| Issue Size | ₹141.57 Cr |
| Fresh Issue | 1.43 Cr Shares |
| OFS | Nil |
| Lot Size | 150 Shares |
| Minimum Investment | ₹14,850 |
| Allotment | Sep 22, 2026 |
| Refund | Sep 23, 2026 |
| Demat Credit | Sep 23, 2026 |
| Listing Date | Sep 24, 2026 |
| Listing | NSE & BSE |
| Registrar | KFin Technologies |
Sonaselection India IPO GMP Today
The latest grey-market premium is being reported around ₹2–₹3 per share, depending on the tracker and update time on September 18. This represents roughly a 2%–3% premium over the ₹99 upper price band.
Earlier GMP readings were higher, with reports showing ₹8 on September 16 and ₹4 on September 17, indicating that the unofficial premium has moderated. GMP is an unofficial market indicator and can change quickly before listing.
Sonaselection India IPO Subscription Status
On Day 1, the IPO received bids for approximately 46.74 lakh shares against 1 crore shares available for the public portion, resulting in around 0.47x subscription at the end of September 17. Retail investors accounted for the strongest category-level demand, while QIB and NII bidding remained below the full issue size.
| Investor Category | Subscription |
|---|---|
| QIB | 0.11x |
| NII | 0.24x |
| Retail | 0.77x |
| Overall | 0.47x |
The subscription figures can change throughout September 18 and September 21 as additional bids are received.
Sonaselection India IPO Lot Size
The IPO lot size is 150 shares. At the upper price of ₹99, one lot requires an investment of ₹14,850. Investors can bid in multiples of 150 shares.
| Particular | Details |
|---|---|
| Lot Size | 150 Shares |
| Upper Price | ₹99 |
| Minimum Investment | ₹14,850 |
| Bid Multiples | 150 Shares |
Sonaselection India Business
Sonaselection India operates in the textile industry, with an integrated business covering fabric manufacturing and processing. The company is based in Rajasthan's Bhilwara textile cluster and works with cotton, stretch fabrics, blends and polyester-blend fabrics.
Its operations cover multiple stages of fabric production, allowing the company to serve customers through a broader textile manufacturing and processing setup.
Sonaselection India Financial Performance
The company has reported strong growth in revenue and profit over the three-year period leading up to FY26.
| Financial Year | Revenue | PAT |
|---|---|---|
| FY24 | ₹121.31 Cr | ₹13.10 Cr |
| FY25 | ₹316.47 Cr | ₹18.56 Cr |
| FY26 | ₹517.60 Cr | ₹34.02 Cr |
FY26 EBITDA was around ₹84.77 crore, while net worth stood at approximately ₹104.16 crore. The sharp increase in revenue over the period should be considered alongside the company's debt levels and textile-industry cyclicality.
Sonaselection India IPO Objects
The IPO is entirely a fresh issue, and the company plans to use a significant portion of the proceeds for debt reduction and capital expenditure.
| Use of Funds | Amount |
|---|---|
| Debt Repayment/Prepayment | ₹80 Cr |
| Plant & Machinery | ₹50.61 Cr |
| Balance | Issue-related/GCP |
The planned capital expenditure is intended to support the company's manufacturing capacity, while debt repayment is expected to reduce outstanding borrowings.
Sonaselection India IPO Financial Ratios
Based on FY26 financials, Sonaselection India reported a RoNW of approximately 39.05% and ROCE of around 19.69%. The company also had a relatively high debt-to-equity ratio of about 2.48x, making leverage an important factor for investors to monitor.
| Ratio | FY26 |
|---|---|
| RoNW | 39.05% |
| ROCE | 19.69% |
| D/E | 2.48x |
| EBITDA | ₹84.77 Cr |
| Net Worth | ₹104.16 Cr |
| PAT Margin | ~6.57% |
Sonaselection India IPO Valuation
At the upper price band of ₹99, the company's post-issue valuation works out to approximately ₹421 crore based on the reported post-issue share capital. The post-issue P/E is around 16.5x based on the reported FY26/post-issue earnings calculation.
The valuation needs to be considered together with the company's revenue growth, profitability, debt position and the cyclical nature of textile manufacturing.
Sonaselection India IPO Strengths
Some of the key business factors investors may examine include:
- Integrated textile manufacturing and processing operations.
- Presence in the established Bhilwara textile cluster.
- Significant revenue and profit growth over FY24–FY26.
- Planned investment in plant and machinery.
- IPO proceeds include a substantial allocation toward debt repayment.
- Exposure to multiple fabric categories and textile customers.
Sonaselection India IPO Risks
Textile businesses are exposed to fluctuations in cotton and other raw-material prices, changing customer demand and competitive pricing. Industry cycles can also affect capacity utilisation and margins.
The company also has relatively high leverage, with FY26 debt-to-equity of around 2.48x. The planned debt repayment can change the capital structure, but investors should continue to monitor borrowing levels and interest costs.
Other factors include competition in the textile industry, dependence on manufacturing capacity, working-capital requirements and changes in domestic and export textile demand.
Sonaselection India IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | Sep 17, 2026 |
| IPO Closes | Sep 21, 2026 |
| Allotment | Sep 22, 2026 |
| Refund | Sep 23, 2026 |
| Demat Credit | Sep 23, 2026 |
| Listing | Sep 24, 2026 |
The issue is scheduled to list on both NSE and BSE on September 24, 2026.
Sonaselection India IPO Key Highlights
- Issue size: ₹141.57 crore
- Price band: ₹94–₹99
- Issue type: 100% fresh issue
- Lot size: 150 shares
- Minimum investment: ₹14,850
- Latest GMP: approximately ₹2–₹3
- Day 1 subscription: approximately 0.47x
- FY26 revenue: ₹517.60 crore
- FY26 PAT: ₹34.02 crore
- IPO proceeds include ₹80 crore for debt repayment
- IPO closes on September 21, 2026
- Expected listing: September 24, 2026
Sonaselection India IPO Review
Sonaselection India combines a rapidly expanded revenue base with an integrated textile manufacturing and processing business. The IPO proceeds are also planned to support debt reduction and additional plant and machinery investment.
At the same time, investors should consider the company's leverage, textile-sector cyclicality, raw-material price movements and competitive environment. The latest GMP has also moved lower from earlier levels, while Day 1 subscription was below the full issue size.
Sonaselection India IPO Conclusion
Sonaselection India IPO is a ₹141.57 crore mainboard issue priced at ₹94–₹99 per share. The IPO opened on September 17 and will close on September 21, with listing scheduled for September 24, 2026.
The latest grey-market premium is around ₹2–₹3, while the issue recorded approximately 0.47x subscription on Day 1. The company reported FY26 revenue of ₹517.60 crore and PAT of ₹34.02 crore, with ₹80 crore of the IPO proceeds earmarked for debt repayment. Investors tracking the issue should monitor the final subscription figures, GMP movement, valuation and the company's debt and operating performance.
Disclaimer: Sonaselection India IPO GMP is unofficial and unregulated. GMP and subscription figures can change during the IPO period and should not be treated as a guaranteed listing price or return. Investors should review the official IPO documents and financial information before making an investment decision.
