Sonaselection IPO GMP today is Rs 2. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
SONA
Sonaselection IPO GMP & Allotment
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 Price Band
- ₹94.00 - ₹99.00
- Lot Size
- 150 Shares
- Bidding Closes
- 21 Sept 2026
- Listing Date
- 24 Sept 2026
Quick Answer & Highlights
Sonaselection IPO GMP Today & Key Takeaways
Last updated: 18 Sept 2026
Sonaselection IPO officially listed on 24 Sept 2026 at Rs 102.00, delivering a +3.03% listing gain compared to its issue price of Rs 141.57. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹2.
Sonaselection IPO officially listed on 24 Sept 2026 at ₹102.00, delivering a +3.03% listing gain compared to its issue price of ₹141.57. Pre-listing, its final recorded Grey Market Premium (GMP) was ₹2.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹2 | +2.02% vs upper band (18 Sept 2026) |
| Est. Listing Price | ₹102.00 | +3.03% Est. Listing Gain |
| Price Band | ₹94.00 - ₹99.00 | Mainboard IPO |
| Retail Minimum Investment | ₹14,850 | 1 Lot (150 Shares) |
| Bidding Window | 17 Sept 2026 – 21 Sept 2026 | Listed |
| Allotment & Listing Dates | Allotment: 22 Sept 2026 | Listing: 24 Sept 2026 |
Current GMP Status
₹2
+2.02% vs upper band
Est. Listing Gain
+3.03%
Last Trend
18 Sept 2026
Listing Price
₹102.00
Retail Entry
₹14,850
IPO Details
Complete IPO information
| IPO Open Date | 17 Sept 2026 |
|---|---|
| IPO Close Date | 21 Sept 2026 |
| IPO Price Band | ₹94.00 - ₹99.00 |
| Lot Size | 150 Shares |
| Current GMP | ₹2 |
| Estimated Listing Gain | +3.03% |
| Issue Size | Approx ₹141.57 Cr |
| Fresh Issue | Approx ₹141.57 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 2.01x |
| Minimum Investment | ₹14,850 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 28.6 | 33.26 | 1.16xx |
| NII | 21.45 | 42.78 | 1.99xx |
| Retail | 50.05 | 125 | 2.50xx |
| Overall Subscription | 100.1 | 201.04 | 2.01xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Sonaselection is priced at ₹99 per share. With a minimum lot size of 150 shares, a retail investor applying for one lot would need approximately ₹14,850 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Sonaselection stands at ₹2, implying an estimated listing gain of around 2.02% over the issue price if it holds until listing. This is down ₹5 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Sonaselection's IPO was subscribed 2.01x overall, with a category-wise breakdown of Retail 2.5x, QIB 1.16x, NII 1.99x.
Among the strengths highlighted in Sonaselection's IPO documents: Integrated manufacturing facility equipped with an in-house quality control laboratory and warehousing capability.; Diversified product portfolio spanning cotton, lycra, polyester blends, and ready-made garments..
Investors should also weigh the risk factors Sonaselection has disclosed, including: Revenue and raw material procurement are heavily concentrated in the state of Rajasthan..
A share of Sonaselection's issue proceeds is earmarked for Repayment Of Borrowings: 80 (56.51%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
17 Sept 2026
✓
Bidding Closes
21 Sept 2026
✓
Allotment
22 Sept 2026
✓
Listing
24 Sept 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 17 Sept 2026 | Completed |
| Bidding Closes | 21 Sept 2026 | Completed |
| Allotment | 22 Sept 2026 | Completed |
| Listing | 24 Sept 2026 | Completed |
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 18 Sept 2026 | ₹2.00 | -₹5.00 | 2.02% |
| 17 Sept 2026 | ₹7.00 | -₹1.00 | 7.07% |
| 16 Sept 2026 | ₹8.00 | +₹8.00 | 8.08% |
| 14 Sept 2026 | ₹0.00 | - | 0.00% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 150 | ₹14,850 |
| Retail Maximum | 13 Lot | 1,950 | ₹1,93,050 |
| S-HNI Minimum | 14 Lot | 2,100 | ₹2,07,900 |
| S-HNI Maximum | 67 Lot | 10,050 | ₹9,94,950 |
| B-HNI Minimum | 68 Lot | 10,200 | ₹10,09,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 80 (56.51%)
- General Corporate Purpose 10.96 (7.74%)
Issue Notes
Important takeaways before applying
Strengths
- Integrated manufacturing facility equipped with an in-house quality control laboratory and warehousing capability.
- Diversified product portfolio spanning cotton, lycra, polyester blends, and ready-made garments.
- Established recurring business relationships with a broad domestic customer base.
- Experienced promoter leadership with extensive domain expertise in the textile industry.
- Strategic expansion into downstream apparel categories to capture integrated value chain benefits.
Risks
- Revenue and raw material procurement are heavily concentrated in the state of Rajasthan.
- Operations depend entirely on a single manufacturing facility located in Bhilwara, Rajasthan.
- The company experienced negative net operating cash flows in recent fiscal years.
- Heavy reliance on a limited set of key customers without long-term supply contracts.
- A high debt-to-equity ratio exposes the business to interest rate and debt servicing risks.
Analysis
Sonaselection IPO Reservation
The Sonaselection IPO reservation structure outlines the proposed allocation of shares among qualified institutional buyers, non- institutional investors and retail investors. The category-wise percentages indicate how the public portion of the issue is planned to be distributed.
QIB investors, excluding the anchor investor portion, are allocated 50% of the shares offered. NII investors are offered 15%, while retail investors receive 35% of the issue. The anchor investor allocation is shown separately and will be updated once the final allocation is announced.
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: Share quantities are currently shown as provided and can be updated after the final reservation and anchor allocation details are disclosed.
Analysis
Sonaselection IPO Anchor Investors
The Sonaselection IPO anchor bidding process is scheduled for September 16, 2026, one day before the public subscription begins. Anchor investors can receive an allocation from the portion reserved for eligible institutional investors before the IPO opens.
The final anchor allocation, including the number of shares offered and total anchor size, will be reflected after the anchor bidding process is completed. The applicable lock-in information is also provided in the issue structure below.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 16, 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in End Date – 50% Shares (30 Days) | 2026 |
| Lock-in End Date – 50% Shares (90 Days) | 2026 |
Note: Anchor investor details are based on the information provided and can be updated after the final anchor allocation is announced.
Analysis
Sonaselection IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 17 Sept 2026 |
| IPO Close Date | 21 Sept 2026 |
| Basis of Allotment | 22 Sept 2026 |
| Refunds | 23 Sept 2026 |
| Credit to Demat Account | 23 Sept 2026 |
| IPO Listing Date | 24 Sept 2026 |
Note: The timeline for Sonaselection IPO is tentative and subject to change.
Analysis
Sonaselection Promoters and Holding Pattern
The promoters of Sonaselection are Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari and Sona Polyspin Private Limited. The promoter and promoter group hold the majority stake in the company before the IPO.
After the IPO, the promoter and promoter group shareholding is expected to reduce from 86.21% to 64.52%. The shareholding of other investors correspondingly increases from 13.79% to 35.48%, reflecting the dilution following the fresh issue.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 36,667,014 | 86.21% | 36,667,014 | 64.52% |
| Others* | 5,861,667 | 13.79% | 20,161,667 | 35.48% |
| Total | 42,528,681 | 100% | 56,828,681 | 100% |
Note: The holding pattern represents the promoter and other shareholder structure before and after the proposed Sonaselection IPO.
Analysis
Sonaselection Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Purpose | INR crores (%) |
| Repayment / pre-payment of borrowings | 80 (56.51%) |
| Funding capital expenditure | 50.61 (35.75%) |
| General corporate purposes | 10.96 (7.74%) |
Note: Objectives are as specified in the DRHP/RHP documents of Sonaselection.
Analysis
Sonaselection About 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.
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.
Analysis
Sonaselection Company Financials
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 121.31 Cr. | 104.37 Cr. | 13.10 Cr. | 203.50 Cr. |
| 2025 | 316.47 Cr. | 290.39 Cr. | 18.56 Cr. | 374.77 Cr. |
| 2026 | 517.60 Cr. | 469.54 Cr. | 34.02 Cr. | 474.99 Cr. |
Note: Financial numbers for Sonaselection are in ₹ Crores unless stated otherwise.
Analysis
Sonaselection Company Valuation – FY2026
| KPI | Values |
|---|---|
| ROE | 39.05% |
| ROCE | 19.69% |
| EBITDA Margin | 16.40% |
| PAT Margin | 6.58% |
| Debt to Equity Ratio | 2.48 |
| Earning Per Share (EPS) | 8.09 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 39.05% |
| Net Asset Value (NAV) | 24.78 |
Note: Valuation KPIs for Sonaselection are computed for FY2026.
Analysis
Sonaselection IPO Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Vishal Fabrics Limited | 1.52 | 12.23 | 6.33% | 26.12 | 1,602.11 Cr. |
| Sangam (India) Limited | 16.44 | 37.29 | 8.02% | 211.85 | 3,234.53 Cr. |
| Nitin Spinners Limited | 31.58 | 18.22 | 12.77% | 261.60 | 3,213.87 Cr. |
Note: Peer group comparisons for Sonaselection are sourced from DRHP filings.
Analysis
Sonaselection IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt. Ltd.
Comparison
Compare Sonaselection IPO with similar IPOs
FAQ
Sonaselection IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 2 and an issue price of Rs 99, the estimated listing price for Sonaselection IPO is Rs 101.00 (approx 2.02% listing gain). Actual listing price is determined by market demand on the listing day.
Sonaselection IPO price band is Rs 94.00 to Rs 99.00. Check the latest issue price, lot size and GMP together before applying.
Sonaselection IPO open date is 17 Sept 2026, close date is 21 Sept 2026, and listing date is 24 Sept 2026.
Sonaselection IPO lot size is 150 shares. The minimum retail investment is Rs 14,850.
Sonaselection is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Sonaselection IPO subscription status currently shows Retail 2.5x, QIB 1.16x, NII 1.99x, Overall 2.01x.
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.
Sonaselection IPO issue size is 141.57 and the expected allotment date is 22 Sept 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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