Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in the production of value-added textile products, has announced the launch of its Initial Public Offering (IPO). The issue will open for subscription on Thursday, September 17, 2026, and close on Monday, September 21, 2026. The Anchor Investor Bid/Issue Period will open on Wednesday, September 16, 2026.
The IPO comprises a Fresh Issue of up to 14,300,000 equity shares with a face value of ₹10 each. The price band has been fixed at Rs. 94 to Rs. 99 per equity share. The minimum bid lot is 150 equity shares and bids can thereafter be made in multiples of 150 equity shares. The Floor Price is 9.40 times the face value, while the Cap Price is 9.90 times the face value of the equity shares.
The issue is being made through the Book Building Process in accordance with the applicable provisions of the Securities Contracts (Regulation) Rules, 1957 and SEBI ICDR Regulations. Not more than 50% of the issue will be available for allocation to Qualified Institutional Buyers (QIBs), while not less than 15% will be available for Non-Institutional Bidders and not less than 35% for Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
The net proceeds from the issue are proposed to be utilised towards repayment and/or pre-payment, in full or part, of certain bank borrowings; capital expenditure for the purchase of plant and machinery at the company’s existing manufacturing facility at Hamirgarh, Bhilwara, Rajasthan; and general corporate purposes. Choice Capital Advisors Private Limited is the Book Running Lead Manager to the issue, while KFin Technologies Limited is the Registrar. The equity shares are proposed to be listed on the BSE and NSE.
Sonaselection India Limited is an integrated fabric manufacturing and processing company focused on value-added textile products. The company uses advanced technology, established production capabilities and quality systems to convert raw textiles into finished fabrics. Its product portfolio includes 100% cotton fabric, cotton lycra stretch fabric, cotton blends and polyester blends, along with processing of 100% cotton, cotton blends, polyester-viscose and polyester fabrics. The company’s manufacturing facility is located in Bhilwara, Rajasthan, known as the “Vastranagari”, and is spread across approximately 49,540 sq. m. The facility has an installed processing capacity of 82.44 million metres per annum.
