Sonaselection India IPO

About Sonaselection India IPO

The Sonaselection India IPO, a mainboard IPO, opens on Thursday, September 17, 2026 and closes on Monday, September 21, 2026. The allotment of shares will take place on Tuesday, September 22, 2026. The credit of shares to the demat account will take place on Wednesday, September 23, 2026. The initiation of refunds will take place on Wednesday, September 23, 2026. The listing of shares will take place on Thursday, September 24, 2026.

The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE.

The offer consists of a fresh issue component. The fresh issue will include 14,300,000 shares aggregating up to ₹141.57 crore. The total number of shares and aggregate amount are 14,300,000 shares aggregating up to ₹141.57 crore.

Sonaselection India IPO's price band is set at ₹94 to ₹99 per share. The lot size for an application is 150. The minimum amount of investment required by a retail investor is ₹14,850 (150 shares) based on the upper price.

Sonaselection India is an integrated fabric manufacturing and processing company that converts greige fabric into finished, value-added fabrics at its facility in Bhilwara, Rajasthan. It specialises in 100% cotton fabric, cotton lycra, cotton blends, and polyester blends, and also undertakes job-work processing for third-party customers. The Company's Manufacturing Facility has an installed processing capacity of 82.44 million meters per annum.

Objectives of Sonaselection India IPO

• Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company from banks.
  
• Funding of capital expenditure towards purchase of plant and machineries at the existing Manufacturing Facility situated at 18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara- 311025, Rajasthan, India.
  
• General Corporate Purposes.
  

Industry Outlook

India's textile and apparel industry is large and expanding. The market is set to grow from USD 188 billion in FY26 to USD 350 billion in FY30, a compound annual growth rate of 16.8% driven by rising domestic consumption and export demand. Fabrics form the biggest piece. The fabrics segment accounts for roughly 50–60% of the Indian textile market by value, spanning woven, knitted, denim, processed, and technical fabrics.

Processing sits at the centre of this value chain. The Indian textile processing industry, valued at USD 191 billion in CY26, is projected to reach USD 241 billion by CY30 as demand grows across natural and synthetic fibres. Policy support matters here. Schemes such as the Production-Linked Incentive programme and PM MITRA Parks, together with a widening network of free trade agreements, are strengthening capacity and improving export access for Indian producers.

About Sonaselection

Sonaselection India was incorporated in 2022 and began operations by acquiring an established textile processing unit on a slump-sale basis for ₹16.21 crore. Its Manufacturing Facility spans approximately 49,540 square metres in Bhilwara, Rajasthan. The facility carries an installed processing capacity of 82.44 million meters per annum. In-house operations cover bleaching, dyeing, and finishing, letting the Company control quality and delivery timelines.

The business runs across three verticals. In Fiscal 2026, manufacturing contributed 81.50% of revenue from operations, job-work processing 17.30%, and the readymade garments segment 1.20%. The Company shifted from a job-work model to manufacturing after commissioning its cotton fabric processing plant in July 2024. It served 909 customers in Fiscal 2026, up from 417 in Fiscal 2025 and 191 in Fiscal 2024.

Sustainability is built into the plant. The facility operates a 1.20 MW rooftop solar plant and a zero-liquid-discharge effluent treatment plant with a four-stage reverse osmosis system. The Company's promoters bring deep sector experience. Chairman Subhash Chandra Nuwal has over 30 years in textiles, and Managing Director Harshil Nuwal has over 14 years.

Strengths of Sonaselection

• The Company operates an integrated fabric manufacturing and processing facility in Bhilwara, Rajasthan, with an installed capacity of 82.44 million meters per annum.
• An integrated model combining in-house manufacturing with job-work processing supported capacity utilisation of 82.71% in Fiscal 2026.
• The customer base grew to 909 customers in Fiscal 2026 from 191 in Fiscal 2024, with 132 customers retained across at least three reporting periods.
• The Manufacturing Facility runs a 1.20 MW rooftop solar plant and a zero-liquid-discharge effluent treatment plant with a four-stage reverse osmosis system.

Risks of Sonaselection

• All operations run from one Manufacturing Facility in Bhilwara, meaning a fire, breakdown, or extended shutdown there would halt the Company's entire output.
• Revenue depends on a set of suppliers of yarn and greige fabric, so price spikes or supply gaps would directly compress margins.
• The top 10 customers accounted for 29.44% of Fiscal 2026 revenue, creating dependency risk if any major customer reduces orders.

Anchor Investor Bidding Date

Wednesday, September 16, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
KFin Technologies
E-mail:sona.ipo@kfintech.com
Tel: +91 40 6716 2222

Book Running Lead Manager
Choice Capital Advisors Private

Sonaselection Contact Details
18th K M Stone, Chittorgarh Road, Hamirgarh, Bhilwara- 311025, Rajasthan, India
Email: cs@sonaselection.com
Phone: +91 1482-286043

Sonaselection Business Model

The company earns its revenue through three streams: in-house manufacturing of finished fabric, job-work processing of greige fabric for third-party customers, and readymade garments. In manufacturing, Sonaselection India procures greige fabric or yarn and processes it in-house through bleaching, dyeing, and finishing into value-added fabric for brands and traders.

In Fiscal 2026, manufacturing generated 81.50% of revenue from operations, job-work 17.30%, and the readymade garments segment, run through its subsidiary Sionnah Enterprises Private , 1.20%.

Sonaselection Growth Trajectory

Sonaselection India 's Total Income for FY26 was ₹517.60 crore, whereas in FY25 and FY24 it was ₹316.47 crore and ₹121.31 crore, respectively.

The Profit After Tax for FY26 was ₹34.02 crore, whereas in FY25 and FY24 it was ₹18.56 crore and ₹13.10 crore, respectively.

Their EBITDA for FY26 was ₹84.77 crore, whereas in FY25 and FY24 it was ₹58.12 crore and ₹28.49 crore, respectively.

Sonaselection Market Position

Sonaselection India sells across India, with Rajasthan, Delhi, Maharashtra, and Karnataka forming its largest markets in Fiscal 2026, and has begun exporting to Nepal. Its Manufacturing Facility in Bhilwara sits within an integrated textile cluster of more than 400 spinning, weaving, and dyeing units. The company served 909 customers in Fiscal 2026 and operates a 1.20 MW rooftop solar plant alongside a zero-liquid-discharge effluent treatment system.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹517.60 crore, ₹34.02 crore, and ₹84.77 crore, respectively.

How to apply for Sonaselection India IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.