Sonaselection India IPO- Complete Overview
Sonaselection India (NSE) IPO is a Mainboard IPO with an issue size of Rs. 141.57 Cr by Sonaselection India Limited, which is a comprehensive fabric manufacturing and processing business that produces textile goods with added value. In addition to producing 100% cotton, cotton blends, polyester blends, and cotton lycra (stretch) fabric, it also processes polyester, polyester-viscose (P/V), and 100% cotton fabrics.
After purchasing a well-established textile processing facility in 2022 and commissioning a cotton fabric processing facility in July 2024, the company switched from a job-work-based processing model to a manufacturing-led approach.
The company's manufacturing plant, which occupies about 49,540 square meters and has an installed processing capacity of 82.44 million meters annually, is situated in Bhilwara, Rajasthan. The facility handles important procedures like bleaching, dyeing, and finishing and is furnished with state-of-the-art textile processing equipment.
This new IPO is to be launched on 17 Sep 2026, and its ‘initial public offering’ will end on 21 Sep 2026.
Sonaselection India IPO Details
This Mainline IPO comprises a wholly fresh issue of 1.43 Cr shares (Rs. 141.57 Cr). The Sonaselection India IPO listing date (expected) might be Thursday, Sep 24, 2026, and the listing on the BSE and NSE.
The Sonaselection India IPO price band is Rs. 94 to Rs. 99.
IPO Timetable (Tentative)
The Sonaselection India IPO date is from 17 Sep to 21 Sep, with IPO allotment on Sep 22, refund initiation on Sep 23, and listing on Sep 24, 2026.
|
Events |
Date |
|
IPO Opening Date |
Sep 17, 2026 |
|
IPO Closing Date |
Sep 21, 2026 |
|
IPO Allotment Date |
Sep 22, 2026 |
|
Refund Initiation |
Sep 23, 2026 |
|
IPO Listing Date |
Sep 24, 2026 |
If you want to apply for the IPO, click to open a Demat Account.
Industry Overview & Outlook
The Indian textile and apparel industry is set to grow from USD 188 billion in FY26 to USD 350 billion in FY30, with a 16.8% CAGR driven by rising domestic and export demand.
Sonaselection India Company Financial Performance
(Amount in Cr)
|
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 |
Cash Flows
The cash flows for various activities are shown below:
(Amount in Mn)
|
Net Cash Flow In Multiple Activities |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(109.89) |
(141.77) |
176.08 |
|
Net Cash Flow Investing Activities |
(199.99) |
(504.19) |
(1,081.20) |
|
Net Cash Flow Financing Activities |
331.54 |
606.71 |
946.50 |
Sonaselection India IPO- Business Model
In short, NSE primarily earns from trading fees (especially F&O/Options), supplemented by data, listing, clearing, colocation, and investment income.
Core Business Lines
- Sonaselection earns money primarily by buying greige fabric/yarn → processing it into high-quality finished fabrics → selling the finished fabric (manufacturing model). It still earns fees from job-work processing for other fabric owners and has begun generating revenue from ready-made garments. The shift toward own manufacturing has significantly increased scale, value addition, and control over quality and margins.
- Facility: Single integrated plant at 18th KM Stone, Chittorgarh Road, Hamirgarh, Bhilwara, Rajasthan (known as the “Textile City” / “Manchester of Rajasthan”).
- Installed capacity: 82.44 million meters per annum (MMPA).
- Capacity utilisation: ~82.7% in FY26.
|
Vertical |
Revenue (₹ million) |
% of total revenue |
|
Manufacturing (sale of own finished fabrics) |
4,212.94 |
81.50% |
|
Job Work (processing services for third parties) |
894.41 |
17.30% |
|
RMG (ready-made garments via subsidiary) |
62.14 |
1.20% |
Revenue Bifurcation
(Source RHP)
The Objective of the Issue
-
Repayment and/or pre-payment, in full or part, of certain borrowings. ~ Rs. 80 Cr.
-
Funding of capital expenditure towards purchase of plant and machinery at the existing Manufacturing Facility situated at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara- 311025, Rajasthan, India. ~ Rs. 50.61 Cr.
Peers of Sonaselection India
|
Name of Company |
Face Value (₹) |
EPS (₹) Basic |
P/E (x) |
|
Vishal Fabrics Limited |
5 |
1.52 |
12.23 |
|
Sangam (India) Limited |
10 |
16.44 |
37.29 |
|
Nitin Spinners Limited |
10 |
31.58 |
18.22 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 8.09 from the last year, the resulting P/E ratio is 12.23x.
Sonaselection India IPO Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
39.05% |
|
ROCE |
19.69% |
|
Debt/Equity |
2.48 |
|
RoNW |
39.05% |
|
PAT Margin |
6.58% |
|
EBITDA Margin |
16.40% |
IPO's Strengths
-
Healthy track record and steady growth.
-
Strong customer relationships and high customer retention.
-
Strategically located manufacturing facility with modern technology.
-
Experienced Promoters supported by a professional management team.
IPO's Weaknesses
-
Despite its strengths, the sector faces serious internal weaknesses.
-
High costs of cotton and MMF make Indian products less competitive internationally.
-
The supply chain remains fragmented, dominated by small, unorganised units with outdated machinery and inconsistent quality.
Sonaselection India IPO GMP Today
Sonaselection India IPO GMP is Rs. 0 as of September 11, 2026, when this information was written.
IPO Other Details
|
IPO Opening & Closing Date |
17 Sep 2026 to 21 Sep 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 94 to Rs. 99 |
|
Lot Size |
150 Shares |
|
Issue Size |
1,43,00,000 shares (Rs. 142 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
1,43,00,000 shares (Rs. 142 Cr) |
|
Listing At |
BSE, NSE |
|
Issue Type |
Book-built IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Grey Market Premium
The current IPO GMP is available at our live IPO GMP page, where you can get the GMP today for open Mainboard and SME IPOs.
Sonaselection India IPO Lot Size
The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (150 Shares) amounting to Rs. 14850 and 13 Lots (1950 Shares) for Rs. 1,93,050, respectively, while for HNI investors, the minimum Lot is 14 (2100 Shares) amounting to Rs. 2,07,900.
|
Minimum Lot Investment (Retail) |
1 Lot |
|
Maximum Lot Investment (Retail) |
13 Lots |
|
S-HNI (Minimum) |
14 Lots |
|
S-HNI (Maximum) |
67 Lots |
|
B-HNI (Minimum) |
68 Lots |
Sonaselection India IPO Reservation
|
Institutional Share Portion |
50% |
|
Retail Investors' Share Portion |
35% |
|
Non-Institutional Shares Portion |
15% |
Promoters and Management of Sonaselection India Ltd.
-
Harshil Nuwal
-
Subhash Chandra Nuwal
-
Uma Nuwal
-
Deepank Bhandari
-
Sona Polyspin Pvt. Ltd.
|
Pre-Issue Promoter Shareholding |
86.21% |
|
Post-Issue Promoter Shareholding |
64.52% |
IPO Lead Managers
- Choice Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Sonaselection India IPO Review: Subscribe or Avoid?
Strong revenue growth (₹121 Cr → ₹517 Cr in 3 years) after shifting from job-work to own fabric manufacturing, with modern Bhilwara plant running at ~83% utilisation. Valuation at the upper band (₹99) is ~12.2x FY26 EPS; debt remains elevated at 2.48x and operating cash flows are negative. Fresh issue of ₹142 Cr mainly for debt repayment and capacity expansion.
Before making any decision to subscribe or avoid, you should consult your SEBI-registered financial advisor.
Sonaselection India IPO News
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
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