Sonaselection India IPO
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.
IPO GMP
₹0
+0% expected gain
Price Band
₹99
Lot Size
150 shares
Min Investment
₹14,850
Listing Date
September 24, 2026
About Sonaselection India
Company overview, business, and key facts.
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.
Founded
2022
Headquarters
Bhilwara, Rajasthan
Promoters
Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, Sona Polyspin Private Limited
Website
https://www.sonaselection.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Strategic Manufacturing Location: Manufacturing facility at Bhilwara, Rajasthan, one of the main centers for textiles, having an integrated ecosystem of more than 400 units of spinning, weaving, and dyeing, enabling easy access to suppliers, manpower and auxiliary facilities.
- Manufacturing Operations + Job-Work Operations Approach: Approach combining manufacturing operations with job work operations, offering greater flexibility, improved quality control and effective capacity utilization. The Company started its operations by purchasing a ready textile processing unit.
- Customer Loyalty & Relationship Building: Customer loyalty generated by trust, dependability, quality of products and customized fabrics that meet their quality, quantity and delivery expectations.
Risks
- Company’s dependence on one manufacturing facility: The Company is operating out of one single facility in Bhilwara, Rajasthan. Any breakdown in equipment, accident, labor problem, fire, power cuts, pandemics, harsh weather conditions and natural disasters may disrupt the production process.
- Dependence on Personal Collateral from Promoters: There are certain loans and borrowings which are guaranteed through personal properties and guarantee of the Promoters and Promoter Group including Subhash Chandra Nuwal, Harshil Nuwal, Deepank Bhandari, Uma Nuwal, Kailash Bhandari, and Anita Bhandari.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Sonaselection India IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹562.6 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
16.5x
Peer median 18.2x (discount of 9.3%)
Price to sales
1.09x
Revenue growth, 2026
+63.6%
106.6% a year over the period
Profit growth, 2026
+83.3%
61.2% a year over the period
Profit margin (PAT)
6.6%
EBITDA margin 16.4%
ROE / ROCE
39.05% / 19.69%
As published in the offer document
Debt to equity
2.48
Promoter holding
86.21% → 64.52%
Before → after the IPO
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹0
150 shares on ₹14,850. GMP is unofficial.
What stands out
- Profit grew 83.3% in 2026.
Watch-outs
- Leverage: debt to equity is 2.48.
- 61.3% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
IPO Analysis SummaryAI-generated
A plain-language review of Sonaselection India's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Sonaselection India IPO Review
Analysis based on live GMP, subscription, and issue details.
Sonaselection India IPO is currently showing a neutral GMP of ₹0, suggesting the market is cautious about listing gains.
The IPO has been subscribed 2x overall — QIB: 1.16x, NII: 1.99x, Retail: 2.47x.
Sonaselection India IPO subscription has closed. The shares are expected to list on September 24, 2026.
The minimum investment required is ₹14,850 for 150 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Strategic Manufacturing Location: Manufacturing facility at Bhilwara, Rajasthan, one of the main centers for textiles, having an integrated ecosystem of more than 400 units of spinning, weaving, and dyeing, enabling easy access to suppliers, manpower and auxiliary facilities.; Manufacturing Operations + Job-Work Operations Approach: Approach combining manufacturing operations with job work operations, offering greater flexibility, improved quality control and effective capacity utilization. The Company started its operations by purchasing a ready textile processing unit.. Investors should note the following risks: Company’s dependence on one manufacturing facility: The Company is operating out of one single facility in Bhilwara, Rajasthan. Any breakdown in equipment, accident, labor problem, fire, power cuts, pandemics, harsh weather conditions and natural disasters may disrupt the production process.; Dependence on Personal Collateral from Promoters: There are certain loans and borrowings which are guaranteed through personal properties and guarantee of the Promoters and Promoter Group including Subhash Chandra Nuwal, Harshil Nuwal, Deepank Bhandari, Uma Nuwal, Kailash Bhandari, and Anita Bhandari..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Sonaselection India IPO — Frequently Asked Questions
What is Sonaselection India IPO GMP today?
Sonaselection India IPO GMP (grey market premium) today is ₹0, suggesting an estimated listing gain of +0%. GMP is indicative and subject to change.
What is the price band of Sonaselection India IPO?
The price band for Sonaselection India IPO is ₹99 with a lot size of 150 shares. The minimum investment required is ₹14,850.
When is Sonaselection India IPO allotment date?
Sonaselection India IPO allotment is expected to be finalised on September 22, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Sonaselection India IPO list on NSE/BSE?
Sonaselection India IPO is expected to list on BSE, NSE on September 24, 2026.
How to check Sonaselection India IPO allotment status?
To check Sonaselection India IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Sonaselection India IPO?
Sonaselection India IPO has a GMP of ₹0. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Sonaselection India IPO?
The lot size for Sonaselection India IPO is 150 shares per lot. The minimum investment for retail investors is ₹14,850. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.