Sonaselection India IPO allotment likely today: Grey Market Premium and steps to check status

Investors in the Sonaselection India IPO could see the much-awaited allotment status today. After the issue was subscribed 2.01 times overall, investors are now awaiting the basis of allotment and looking ahead to the company's stock-market debut.

The Rs 141.57-crore Sonaselection India IPO is expected to finalise its allotment today, allowing investors to check online whether they have been allotted shares. The company's shares are scheduled to make their debut on both the BSE and NSE on September 24, 2026.

Currently, the IPO's grey market premium (GMP) is zero, indicating expectations of a flat listing. However, GMP trends are unofficial and can change before the listing.


The IPO, which opened on September 17, 2026, and closed on September 21, 2026, was subscribed 2.01 times overall. The retail investor portion was subscribed 2.50 times, while the non-institutional investor (NII) category was subscribed 2 times and the qualified institutional buyer (QIB) portion 1.16 times.

The Sonaselection India book-built issue comprises entirely a fresh issue of 1.43 crore equity shares, with no offer-for-sale (OFS) component.

The company's shares are tentatively scheduled to debut on September 24. The stock is proposed to be listed on both the NSE and BSE.

The IPO has set a price band of Rs 94 to Rs 99 per share, with investors able to bid in lots of 150 shares. At the upper end of the price band, retail investors will require a minimum investment of Rs 14,850 for one lot.

Read more: NSE IPO Tracker: Catch all the highlights here

Choice Capital Advisors Pvt. Ltd. is serving as the book-running lead manager for the issue, while KFin Technologies Ltd. has been appointed as the registrar.

Investors can check their allotment status through any of the following platforms:

1. KFin Technologies (Registrar)

Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)

Select Sonaselection India from the drop-down menu.

Enter your PAN, application number, or DP/Client ID.

Click Submit to view your allotment status.

2. NSE

• Visit the NSE IPO allotment page. (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
• Select Equity.
• Choose Sonaselection India from the list.
• Enter your application number and PAN to check the status.

3. BSE

• Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_check
• Now tick Equity under issue type.
• Choose Sonaselection India from the dropdown menu.
• Enter your application number or PAN.
• Complete the captcha verification and click Search to view your allotment details.

IPO Objects of the Issue

The company proposes to utilise the net proceeds of the issue primarily towards repayment and/or pre-payment, in full or part, of certain borrowings, amounting to Rs 80.00 crore. This is intended to strengthen the company’s financial position and reduce its debt obligations.

Further, Rs 50.61 crore will be utilised to fund capital expenditure for the purchase of plant and machinery at the company’s existing manufacturing facility located at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara, Rajasthan. The remaining proceeds will be used for general corporate purposes, with the total deployment amounting to Rs 130.61 crore.

Financial Performance

Sonaselection India Ltd. reported a strong financial performance in FY26, with total income increasing by 64% to Rs 517.60 crore from Rs 316.47 crore in FY25. Profitability also improved significantly, with Profit After Tax (PAT) rising 83% to Rs 34.02 crore in FY26, compared with Rs 18.56 crore in FY25. This reflects a notable improvement in the company’s overall earnings performance.

Read more:Two SME IPOs open for subscription today: Anand Seamless and Himalaya Nutravedics — check key details

About Sonaselection India

Incorporated in February 2022, Sonaselection India Ltd. is an integrated textile manufacturing and processing company producing value-added fabrics. Its product portfolio includes 100% cotton, cotton lycra (stretch), cotton blends and polyester blends, along with processing of cotton, polyester-viscose (P/V) and polyester fabrics. The company transitioned from a job-work processing model to a manufacturing-led model after acquiring a textile processing unit in 2022 and commissioning a cotton fabric processing plant in July 2024.

Read more:Three SME IPOs to debut today: Vama Wovenfab, Shakti Polytarp and Quanto Agroworld — Check GMP ahead of listing

Located in Bhilwara, Rajasthan, the manufacturing facility spans approximately 49,540 sq. metres and has an installed processing capacity of 82.44 million metres per annum. Equipped with modern machinery, the facility undertakes bleaching, dyeing and finishing processes. With an integrated manufacturing and job-work model, the company focuses on quality control, efficient processing and timely delivery, catering to diverse apparel and textile applications.

Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here