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₹99 - 99Day cells show that day's addition; Now is the running total. Amounts at the upper price band.
Sonaselection India Ltd
TextilesIPO
₹99 - 99
Incorporated in 2022, Sonaselection India Ltd manufactures and processes cotton, lycra stretch, and blended fabrics from an integrated facility at Hamirgarh in Rajasthan's Bhilwara textile cluster. The business is executing a strategic pivot from fee-based toll processing (dyeing and finishing third-party textiles) to buying raw cloth directly, finishing it on its own automated lines, and selling finished rolls across India.
Lot150Min Invest₹14,850Face Value₹10Issue Size₹142 CrFresh Issue₹142 Cr
Timeline
17 Sept
Bidding opens
21 Sept
Bidding closes
22 Sept
Allotment
23 Sept
Refund & demat credit
24 Sept
Listing
Subscription · As of 6:17 PM, 21 Sept
Demand by day
CategoryDay 1Day 2Day 3TodayNow+0.11x+0.35x+0.00x+0.70x1.16x+0.24x+0.36x+0.00x+1.40x1.99x+0.77x+0.52x+0.00x+1.21x2.50xOverall+0.47x+0.43x+0.00x+1.11x2.01x
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB1.16x71.50 L83.15 L82.32NII1.99x21.45 L42.78 L42.35Retail2.50x50.05 L1.25 Cr123.75Total2.01x1.43 Cr2.87 Cr284.56
Reports
Offer Details
Terms
Issue Size₹142 Cr1.43 Cr shares
Fresh Issue₹142 Cr
Face Value₹10
Lot Size150 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹14,8501-13 lots
sNII₹2,07,900from 14 lots
bNII₹10,09,800from 68 lots
Managers & Registrar
Lead ManagerChoice Capital Advisors Private Limited
RegistrarKFin Technologies Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group86.21%64.51%Public13.79%35.49%
Objects of the Issue
- Repayment and/or pre-payment, in full or part, of certain borrowings
- Funding of capital expenditure towards purchase of plant and machineries
- General corporate purposes
Anchor Book
Bid Date16-Sep-2026Bid Price₹99Shares42,90,000Amount₹42 Cr30-day lock-in21-Oct-202690-day lock-in20-Dec-2026
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 121 | 316 | 517 |
| Operating ProfitCr | 28 | 64 | 84 |
| OPM% | 23.3 | 20.3 | 16.3 |
| PBTCr | 17 | 26 | 48 |
| PATCr | 13 | 19 | 34 |
| EPS | 3 | 5 | - |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 3 | 16 | - |
| ReservesCr | 36 | 47 | - |
| BorrowingsCr | 145 | 207 | - |
| Total AssetsCr | 204 | 375 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 18 | -14 | -11 |
| Investing Cash FlowCr | -108 | -50 | -20 |
| Financing Cash FlowCr | 95 | 61 | 33 |
| Net Cash FlowCr | 4 | -4 | 2 |
Strengths & Risks
Strengths · as stated in the DRHP
- Strategically located Manufacturing Facility with modern technologies to support our product portfolio.
- Integrated business model combining manufacturing and job work activities.
- Strong standing relationships with customers with high retention rate.
- Experienced Promoters supported by a professional management team with domain knowledge.
- Healthy Track Record and Steady Growth.
Strategies · as stated in the DRHP
- Forward Integration and Expansion through our Subsidiary.
- Strengthening Our Sustainability Framework and Expand Renewable Energy Usage.
- Focus on cost optimization.
- Focus on deleveraging and enhancing financial flexibility
- Leveraging our modern technologies for expanding into technical textiles
Risks · as stated in the DRHP
- The company's Manufacturing Facility and Registered Office are located in Rajasthan, and a significant portion of its revenue amounting to Rs.1,928.80 million, Rs.1,594.57 million and Rs.1,153.06 million constituting 37.31%, 50.47% and 95.31% of the company's total revenue from operations for Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively is also derived from this state. Further, its procurement from Rajasthan amounted to Rs.3,448.05 million, Rs.2,587.97 million and Rs.505.83 million constituting 96.01%, 98.36% and 96.26% of purchases for the Fiscal 2026, Fiscal 2025 and Fiscal 2024. As a result, the company is exposed to geographic concentration risks that may adversely affect its operations, financial condition, and results of operations.
- The Company currently carries out its business operations from a single manufacturing facility located at Bhilwara, Rajasthan. Any slowdown or shutdown of the company's manufacturing operations at its Manufacturing Facility could have an adverse effect on the company's business, financial condition and results of operations.
- The company has experienced negative cash flows in the past, and any significant negative cash flows, if occurs, may adversely affect its business, financial condition and growth prospects.
- There are outstanding litigations involving the Company, Subsidiary, Promoters, Directors, KMPs and SMPs. An adverse outcome in any of these proceedings may affect its reputation and standing and impact the company's future business and could have a material adverse effect on its business, financial condition, cash flows and results of operations.
- Its Promoters have sold a portion of their shareholding in the Company's subsequent to the filing of the Draft Red Herring Prospectus, and any further sale or disinvestment of Equity Shares by its Promoters may adversely affect the market price and liquidity of the company's Equity Shares.
- The company's Promoters have provided personal property and guarantee as collateral for borrowings availed by the Company.