Textile manufacturer Sona Selection India Limited is set to launch its initial public offering (IPO) next week. The ₹141.57 crore Sona Selection India IPO will open for subscription on September 17, 2026, and close on September 21, 2026.
The company has fixed the IPO price band at ₹94 to ₹99 per share. The issue is entirely a fresh issue, with no Offer for Sale (OFS) component. The company plans to issue 1.43 crore new equity shares at the upper end of the price band.
Sona Selection India IPO: Key Details
Particulars Details
IPO Name Sona Selection India IPO
Issue Size ₹141.57 crore
Price Band ₹94–₹99 per share
IPO Opens September 17, 2026
IPO Closes September 21, 2026
Anchor Investor Bidding September 16, 2026
Issue Type 100% Fresh Issue
OFS None
Fresh Shares 1.43 crore shares
Lot Size 150 shares
Minimum Investment ₹14,850 at ₹99
Allotment September 22, 2026
Expected Listing September 24, 2026
Listing Exchanges NSE and BSE
Lead Manager Choice Capital Advisors
Registrar KFin Technologies
The IPO is a mainboard issue and is scheduled to list on both NSE and BSE.
When Can Anchor Investors Bid for Sona Selection India IPO?
Anchor investors will be allowed to place their bids on September 16, one day before the IPO opens for subscription to other investors.
The public issue will then remain open from September 17 through September 21. The allotment is expected on September 22, with the shares scheduled for listing on September 24.
Sona Selection India IPO: How Will the Money Be Used?
Unlike many IPOs that include an OFS component, Sona Selection India's entire ₹141.57 crore issue comprises fresh shares.
The company intends to use the proceeds for several purposes, including repayment of borrowings, purchase of plant and machinery and general corporate purposes.
The fresh capital is therefore intended to strengthen the company's balance sheet while supporting its manufacturing operations and capacity expansion.
What Is Sona Selection India?
Sona Selection India is an integrated textile manufacturing and processing company headquartered in Bhilwara, Rajasthan.
The company operates its manufacturing facility in the Bhilwara region and is involved in the processing and manufacturing of fabrics. The business includes activities such as fabric processing, dyeing and finishing.
The company was incorporated in 2022 and is seeking to use the IPO proceeds to strengthen its operations and reduce debt.
Sona Selection India IPO GMP Today
The Sona Selection India IPO GMP, or Grey Market Premium, is currently being reported at different levels by unofficial market trackers.
As of September 10, one tracker reports a GMP of around ₹6 per share. At the upper IPO price of ₹99, this would imply an indicative grey-market price of around ₹105, or approximately a 6.06% premium.
However, another IPO tracker currently shows the GMP at ₹0, highlighting the lack of consistency in unofficial grey-market data.
Investors should therefore treat the current GMP cautiously. Grey Market Premium is not an official exchange price, is not regulated by SEBI, and does not guarantee the actual listing price. It can change significantly before the IPO closes.
Sona Selection India IPO Lot Size and Minimum Investment
The IPO lot size is 150 shares.
At the upper price band of ₹99 per share, one lot will require a minimum investment of:
150 × ₹99 = ₹14,850
The minimum investment at the lower end of the price band would be ₹14,100.
Sona Selection India IPO Important Dates
Investors should keep the following dates in mind:
Anchor bidding: September 16
IPO opening: September 17
IPO closing: September 21
Allotment: September 22
Expected listing: September 24
The issue is being managed by Choice Capital Advisors, while KFin Technologies is the registrar.
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