Sonaselection IPO
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Sonaselection IPO details
Schedule of Sonaselection
| Issue open date | 17 Sep 2026 |
| Issue close date | 21 Sep 2026 |
| UPI mandate deadline | 21 Sep 2026 (5 PM) |
| Allotment finalization | 22 Sep 2026 |
| Refund initiation | 23 Sep 2026 |
| Share credit | 23 Sep 2026 |
| Listing date | 24 Sep 2026 |
| Mandate end date | 06 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 21 Oct 2026 |
| Lock-in end date for anchor investors (remaining) | 20 Dec 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Sonaselection
Sonaselection India processes and manufactures textile fabrics, specializing in cotton, cotton lycra, and cotton or polyester blends, operating through an integrated manufacturing facility in Bhilwara, Rajasthan. The company generates revenue by producing finished fabrics for textile traders and garment brands, alongside providing job-work processing services. Its manufacturing process encompasses multi-stage operations such as singeing, scouring, bleaching, peaching, dyeing, and finishing, supported by an in-house quality control laboratory and a five-million-meter warehousing infrastructure. In addition to its core fabric processing activities, the company has expanded its portfolio into downstream apparel categories through its ready-made garments business segment to capture integrated value chain benefits
Financials of Sonaselection
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 141.57 |
| Fresh Issue – Proceeds go to the company | 141.57 |
Utilisation of proceeds
| 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%) |
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.