What is the GMP of Sonaselection India IPO today?

The grey market premium (GMP) of Sonaselection India IPO is ₹0 (0% of the issue price), as of 24 Sep 2026, 12:29 am IST. GMP is an unofficial indicator and can change quickly.

What is the price band of Sonaselection India IPO?

The price band of Sonaselection India IPO is ₹94.00 – ₹99.00.

When does Sonaselection India IPO open and close?

Sonaselection India IPO opens on 17-Sep and closes on 21-Sep, with listing expected on 24-Sep.

What is the lot size of Sonaselection India IPO?

The lot size is 150 shares, so the minimum investment is ₹14,850.

What is the subscription status of Sonaselection India IPO?

Sonaselection India IPO is subscribed 2.01× overall as of 24 Sep 2026, 12:29 am IST.

What is the estimated listing price of Sonaselection India IPO?

Based on the current GMP, the estimated listing price is ₹99. This is indicative only and not guaranteed.

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IPOClosed

Sonaselection India IPO

Other Textile Products · BSE, NSE

LIVE GMP₹00% vs issue price

Issue price₹99upper price band

Est. listing₹990% indicative gain

Subscription2.01×times subscribed

Lot size150shares per lot

AI ANALYST

Scorecard & verdict

Generated 24 Sep 2026, 12:29 am IST · shared across all visitors

Sonaselection India IPO – Mainboard Analysis

Verdict: NEUTRAL/RISKY (58/100) | Confidence: Medium

Scorecard Table

Parameter	Data + Source	Score
1. GMP (15)	Current GMP: ₹0 (0% of upper band) — Issue data & market block	0
2. ANCHOR BOOK (15)	Anchor portion: 30% of issue (₹42.47 Cr), 60% of QIB portion; lock-ins: 50% at 30 days, 50% at 90 days — Issue data	12
3. PROMOTER/LEGAL RED FLAGS (20)	Promoters: Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, Sona — web research; no SEBI/ED/CBI/fraud/litigation/tax disputes found — web research	10
4. VALUATION vs PEERS (20)	IPO P/E: 16.53x (post-IPO), EPS: ₹5.99, Price/Book: 4.00 — Issue data; peer P/E comparison: web research shows IPO trades at higher multiple than peers but no exact peer P/E provided — web research	12
5. SUBSCRIPTION (20)	QIB: 1.16x (9), NII/HNI: 2.01x (9), Retail+sNII: Retail 2.5x + sNII 1.96x = 4.46x (2) — Issue data	20
6. ISSUE QUALITY (10)	Sale type: Fresh capital only (no OFS); use of proceeds: debt repayment (80 Cr) + capex (50.61 Cr) + GCP; revenue/PAT growth: 64%/83% YoY — Issue data	4

Top Positives

Strong subscription across categories (QIB 1.16x, HNI/NII 2.01x, Retail 2.5x) — Issue data
Robust financial growth: revenue ↑64%, PAT ↑83% YoY; ROE 39.05%, EBITDA margin 16.40% — Issue data
Clean promoter background: no SEBI/litigation/tax disputes found in web research

Top Red Flags

GMP at ₹0 (0% of upper band), indicating weak grey market sentiment — market data
High debt/equity ratio of 2.48 — Issue data
Promoter holding dilutes from 86.21% to 64.52% post-IPO — Issue data

Missing Data

Anchor investor names (not in issue data)
Cash flow and receivable data (not in issue data)
Exact peer P/E for valuation comparison (web research only shows premium vs peers, no numbers)
Detailed object for General Corporate Purposes (amount blank in issue data)

Data Timestamp

Market data: 2026-09-23T18:59:27.812Z
Web research: 2026-09-23T18:59:35.468Z

Not investment advice. Do your own due diligence.

GMP MOVEMENT

Grey market trend

Stable

13 recorded GMP updates · Oldest to latest

TREND READ

Stable GMP trend

Sonaselection India IPO's grey market premium is currently showing a Stable trend across the last 9 grey market sessions. The GMP has moved from ₹8 to ₹0, a net drop of ₹8. 12.5% of these sessions were positive versus 50% negative, with the premium swinging across a range of ₹8.

Starting GMP₹8

Net change−₹8

GMP range₹8

Sessions9

LIVE DEMAND

Subscription by investor category

As of 21st Sep 2026 18:56

QIB1.16×Qualified institutions

NII / HNI2×Non-institutional investors

bNII2.01×HNI applications above ₹10L

sNII1.96×HNI applications below ₹10L

Retail2.5×Retail individual investors

Total2.01×Overall subscription

Total bid amount: ₹199.39 crore

ISSUE DETAILS

Dates, pricing & lot

Opening date17-Sep

Closing date21-Sep

Listing date24-Sep

Price band₹94.00 – ₹99.00

Issue size₹141.57 Cr

Minimum investment₹14,850

Est. profit per lot₹0

ExchangeBSE, NSE

CategoryIPO

HISTORY

GMP updates

Date & time	GMP	Movement
20 Sept, 10:02 pm	₹0	Down
19 Sept, 01:37 pm	₹2	Up
18 Sept, 09:37 pm	₹0	Down
17 Sept, 09:02 pm	₹2	Down
17 Sept, 03:02 pm	₹4	Down
17 Sept, 02:37 pm	₹7	Up
17 Sept, 01:37 pm	₹3	Down
16 Sept, 06:02 pm	₹7	Up
16 Sept, 03:37 pm	₹5	Down
16 Sept, 02:37 pm	₹6	Down
15 Sept, 06:37 pm	₹8	Up
15 Sept, 01:02 pm	₹5	Up
09 Sept, 03:02 pm	₹0	Flat

ISSUE STRUCTURE

IPO details

IPO Date: 17 to 21 Sep, 2026
Listing Date: Thu, Sep 24, 2026
Face Value: ₹10 per share
Price Band: ₹94 to ₹99
Issue Price: ₹99 per share
Lot Size: 150 Shares
Sale Type: Fresh capital only
Issue Type: Bookbuilding IPO
Listing At: BSE, NSE
Total Issue Size: 1,43,00,000 shares (agg. up to ₹142 Cr)
Fresh Issue: 1,43,00,000 shares (agg. up to ₹142 Cr)
Share Holding Pre Issue: 4,25,28,681 shares
Share Holding Post Issue: 5,68,28,681 shares

SCHEDULE

IPO timetable (tentative)

IPO OpenThu, Sep 17, 2026
IPO CloseMon, Sep 21, 2026
AllotmentTue, Sep 22, 2026
RefundWed, Sep 23, 2026
Credit of SharesWed, Sep 23, 2026
ListingThu, Sep 24, 2026

ALLOCATION

Issue reservation

Sonaselection India IPO comprises a total issue size of 1,43,00,000 shares. Out of which, 71,50,000 (50.00%) are allocated to QIB, 21,45,000 (15.00%) allocated to NII 50,05,000 (35.00%) allocated to RII.

Investor Category	Shares	% of Total Issue	Max Allottees
QIB	71,50,000	50.00%	NA
− Anchor Investor	42,90,000	30.00%	NA
− QIB (Ex. Anchor)	28,60,000	20.00%	NA
NII (HNI)	21,45,000	15.00%	NA
− bNII > ₹10L	14,30,000	10.00%	680
− sNII < ₹10L	7,15,000	5.00%	340
Retail	50,05,000	35.00%	33,366
Total	1,43,00,000	100.00%	—

APPLICATION

IPO lot size

Investors can bid for a minimum of 150 shares and in multiples thereof.

Application	Lots	Shares	Amount
Retail (Min)	1	150	₹14,850
Retail (Max)	13	1950	₹1,93,050
S-HNI (Min)	14	2100	₹2,07,900
S-HNI (Max)	67	10050	₹9,94,950
B-HNI (Min)	68	10200	₹10,09,800

INSTITUTIONS

Anchor investors

Sonaselection India IPO raises ₹42.47 crore from anchor investors. Sonaselection India IPO Anchor bid date is September 16, 2026.

Bid Date: Wed, Sep 16, 2026
Shares Offered: 42,90,000
Anchor Portion (₹ Cr.): 42.47
Anchor lock-in period end date for 50% shares (30 Days): Thu, Oct 22, 2026
Anchor lock-in period end date for remaining shares (90 Days): Mon, Dec 21, 2026

Anchor investors list (PDF)

COMPANY

About Sonaselection India Ltd.

Updated Sep 22, 2026

Incorporated in February 2022, the Company is an integrated fabric manufacturing and processing company engaged in the production of value-added textile products. It manufactures 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends and polyester blends, and also undertakes processing of 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics. The Company transitioned from a job-work based processing model to a manufacturing-led model after acquiring an established textile processing unit in 2022 and subsequently commissioned a cotton fabric processing plant in July 2024.

The Company's manufacturing facility is located in Bhilwara, Rajasthan, spread across approximately 49,540 sq. metres, with an installed processing capacity of 82.44 million metres per annum. The facility is equipped with modern textile processing machinery and undertakes key processes including bleaching, dyeing and finishing. The Company follows an integrated operating model combining own manufacturing and job-work processing, enabling it to manage processing activities, quality control, grading, packing and outbound logistics while serving customers according to their technical and product specifications.

The Company's product portfolio primarily comprises 100% cotton fabrics, cotton lycra (stretch) fabrics, cotton blends and polyester blends, catering to varied apparel and textile applications. It also undertakes processing of greige fabric supplied by customers on a job-work basis. Through its diversified product portfolio, modern manufacturing infrastructure and quality-focused processes, the Company aims to provide consistent quality, cost-efficient solutions and timely deliveries to its customers.

As of July 31, 2026, the Company had 979 employees, including personnel across production, plant maintenance, dispatch and supply chain, quality assurance, safety and security, accounts and finance, sales and marketing, and other support functions.

Competitive Strengths

FINANCIALS

Company financials (restated)

Sonaselection India Ltd.'s revenue increased by 64% and profit after tax (PAT) rose by 83% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	474.99	374.77	203.50
Total Income	517.60	316.47	121.31
Profit After Tax	34.02	18.56	13.10
EBITDA	84.77	58.12	28.49
NET Worth	104.16	70.07	38.88
Reserves and Surplus	61.63	47.10	35.78
Total Borrowing	258.24	207.40	144.60
Amount in ₹ Crore

USE OF FUNDS

Objects of the issue

#	Issue Objects	Est Amt (₹ Cr.)
1	Repayment and/or pre-payment, in full or part, of certain borrowings	80.00
2	Funding of capital expenditure towards purchase of plant and machineries at the existing Manufacturing Facility situated at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara- 311025 Rajasthan, India	50.61
3	General Corporate Purposes	—
—	Total	130.61

PERFORMANCE

Key performance indicators

KPI	Mar 31, 2026
ROE	39.05%
ROCE	19.69%
Debt/Equity	2.48
RoNW	39.05%
PAT Margin	6.58%
EBITDA Margin	16.40%
NAV	24.78
Price to Book Value	4.00

PRICING

IPO valuation

Valuation Metric	Pre IPO	Post IPO
EPS (₹)	8.00	5.99
P/E (x)	12.38	16.53
Market Cap at Offer Price	₹421.03 Cr.	₹562.60 Cr

OWNERSHIP

Shareholding structure

Category	Pre IPO	Post IPO
Promoter and Promoter Group	86.21%	64.52%
Public	13.79%	35.48%
Total	100%	100%