Sonaselection India's ₹141.57 crore initial public offering (IPO) entered its second day of public subscription today, September 18, 2026, with a price band of ₹94 to ₹99 per share. As of 9:24 A.M on the second day of bidding, the issue had been subscribed 0.49 times.

The IPO will remain open for subscription until September 21, 2026. The basis of allotment is expected to be finalised on September 22, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on September 24, 2026.

Sonaselection India IPO - Issue Details

Issue Type: Book Built Issue (Fresh Issue only)
Total Issue Size: Up to ₹141.57 crore
Fresh Issue: Up to ₹141.57 crore
Offer for Sale (OFS): Not Applicable
Face Value: ₹10 per equity share
Price Band: ₹94 to ₹99 per share
Lot Size: 150 shares
Minimum Investment Amount (Retail Investor): ₹14,850 (150 shares at the upper price)
Listing: BSE, NSE
Book Running Lead Managers: Choice Capital Advisors Private Limited
Registrar: KFin Technologies Limited

Sonaselection India IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Event	Date
Subscription Opening Date	17 September 2026
Subscription Closing Date	21 September 2026
Basis of Allotment Date	22 September 2026
Refund Initiation Date	23 September 2026
Credit of Shares	23 September 2026
Listing on BSE and NSE	24 September 2026

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Sonaselection India IPO Day 2 Subscription Status

[September 18, 2026, 9:24 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.11x
Non-Institutional Investors (NIIs)	0.24x
Retail Individual Investors (RIIs)	0.81x
Total	0.49x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company from banks
Funding of capital expenditure towards purchase of plant and machineries at the existing Manufacturing Facility situated at located at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara- 311025 Rajasthan, India
General corporate purposes.

About Sonaselection India Limited

Sonaselection India Limited is a textile company engaged in the manufacturing and processing of value-added fabrics such as cotton, cotton lycra, cotton blends, and polyester blends. Its processing facility in Bhilwara, Rajasthan, spans around 49,540 square metres and has an annual capacity of 82.44 million metres.

The facility is equipped for in-house bleaching, dyeing, and finishing. The company procures greige fabric from external suppliers or through outsourced yarn conversion and processes it into finished fabrics based on customer requirements and quality standards.

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	516.95	315.95	120.98
EBITDA	84.77	58.12	28.49
Profit After Tax (PAT)	34.02	18.56	13.10