Sonaselection India IPO opens on September 17 at Rs 94-99 per share
Sonaselection India will launch its IPO on September 17 at Rs 94-99 per share, targeting around Rs 141.6 crore. The Rajasthan-based fabric maker will use proceeds to repay borrowings, buy machinery and fund corporate purposes before NSE-BSE listing.
By ET Bureau |
ET Online
Sonaselection India’s IPO opens September 17 with a Rs 94-99 price band, offering investors exposure to an integrated fabric manufacturing and processing business.
Rajasthan-based fabric maker Sonaselection India Ltd will launch its initial public offering on September 17, with a price band of Rs 94-99 per share, the company said on Thursday.
The anchor investor portion will open a day earlier, on September 16, while the issue will close on September 21.
The offering comprises a fresh issue of up to 14.3 million equity shares with a face value of Rs 10 each. At the upper end of the price band, the issue size is around Rs 141.6 crore.
The minimum bid is 150 shares. An investor will have to invest at least Rs 14,850 at the upper end of the price band.
The company plans to use the IPO proceeds to repay or prepay, in full or in part, certain bank borrowings. It will also use the funds to purchase plant and machinery for its existing manufacturing facility in Bhilwara, Rajasthan. A portion will be used for general corporate purposes.
Sonaselection is an integrated fabric manufacturing and processing company.
It manufactures 100% cotton fabric, cotton lycra, cotton blends and polyester blends, besides processing cotton, polyester-viscose and polyester fabrics.
Its manufacturing facility in Bhilwara is spread across about 49,540 square metres and has an installed processing capacity of 82.44 million metres a year, according to the company.
The company expanded into the readymade garments segment in fiscal 2026 through its wholly owned subsidiary, Sionnah Enterprises Private Ltd.
Sonaselection said its manufacturing model allows it to convert “raw textiles into finished, high-quality fabrics” while offering a diversified product portfolio.
The equity shares are proposed to be listed on the BSE and NSE.
Choice Capital Advisors is the book-running lead manager, while KFin Technologies is the registrar to the issue.
The anchor investor portion will open a day earlier, on September 16, while the issue will close on September 21.
The offering comprises a fresh issue of up to 14.3 million equity shares with a face value of Rs 10 each. At the upper end of the price band, the issue size is around Rs 141.6 crore.
The minimum bid is 150 shares. An investor will have to invest at least Rs 14,850 at the upper end of the price band.
The company plans to use the IPO proceeds to repay or prepay, in full or in part, certain bank borrowings. It will also use the funds to purchase plant and machinery for its existing manufacturing facility in Bhilwara, Rajasthan. A portion will be used for general corporate purposes.
Sonaselection is an integrated fabric manufacturing and processing company.
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It manufactures 100% cotton fabric, cotton lycra, cotton blends and polyester blends, besides processing cotton, polyester-viscose and polyester fabrics.
Its manufacturing facility in Bhilwara is spread across about 49,540 square metres and has an installed processing capacity of 82.44 million metres a year, according to the company.
The company expanded into the readymade garments segment in fiscal 2026 through its wholly owned subsidiary, Sionnah Enterprises Private Ltd.
Sonaselection said its manufacturing model allows it to convert “raw textiles into finished, high-quality fabrics” while offering a diversified product portfolio.
ADVERTISEMENT
The equity shares are proposed to be listed on the BSE and NSE.
Choice Capital Advisors is the book-running lead manager, while KFin Technologies is the registrar to the issue.
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