Sonaselection Limited IPO
Textiles • ₹141.57 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- The company’s manufacturing facility and registered office are located in Rajasthan, which…
- The company operates a single manufacturing facility in Bhilwara, Rajasthan, and does not …
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹99
Lot Size
150 shares
Issue Size
₹141.57 Cr
Open
17 Sept 2026
Close
21 Sept 2026
Subscription
2.00×
IPO Schedule
| Issue Open Date | 17 Sept 2026 |
| Issue Close Date | 21 Sept 2026 |
| Allotment Date | 22 Sept 2026 |
| Listing Date | 23 Sept 2026 |
About Sonaselection Limited
Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production and processing of finished fabrics. The company manufactures 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends and polyester blends. It also processes 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics. In addition to manufacturing its own fabric, the company undertakes processing of greige fabric on a job-work basis for third-party customers based on specified quality, colour, finish and other requirements. Incorporated in 2022, the company acquired an established textile processing unit and initially operated as a job-work processing unit. It subsequently set up a cotton fabric processing plant, which became operational in July 2024. Its manufacturing facility is located in Bhilwara, Rajasthan, and is spread across approximately 49,540 sq. m. The facility has an installed processing capacity of 82.44 million metres per annum and carries out bleaching, dyeing, and finishing of greige fabric.
Company Details
Founders / Promoters
Mr Harshil Nuwal
Founded
2022
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Sonaselection Limited — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.2x and elevated disclosed risk (7/10), Sonaselection Limited listed at a premium of 3.3% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- The company operates a manufacturing facility in Bhilwara, Rajasthan, with an installed processing capacity of 82.44 million metres per annum. It claims to have machinery including stenter, merceriser
- The company claims to have an in-house quality assurance laboratory equipped with Titans Universal Strength Tester, Elmatear 1555 Intelligent Digital Tear Tester, and an Auto Colour Dispenser. These a
- The company combines in-house fabric manufacturing with job-work processing. Manufacturing contributed 81.50% of revenue from operations in FY26, compared with 69.88% in FY25 and 11.28% in FY24, while
- The company had 132 customers with whom it had maintained an ongoing relationship for at least three reporting periods. These customers contributed Rs 104.13 crore, or 20.14% of revenue from operation
- The company recorded growth in revenue and profitability between FY24 and FY26. Revenue from operations increased from Rs 120.98 crore in FY24 to Rs 315.95 crore in FY25 and Rs 516.95 crore in FY26, w
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score 0
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹99
Listing Price
₹102.31
Listing Gain/Loss
+3.34%
Listing Date
23 Sept 2026
Price Since Listing
Returns are measured against the ₹99 issue price.
Listing
₹102.31
+3.3%
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FAQ
What is the price band of Sonaselection Limited IPO?
The price band is ₹99 per share with a lot size of 150 shares. Minimum investment: ₹14,850.
What does Sonaselection Limited do?
Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production and processing of finished fabrics. The company manufactures 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends and polyester blends. It also processes 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics. In addition to manufacturing its own fabric, the company undertakes processing of greige fabric on a job-work basis for third-party customers based on specified quality, colour, finish and other requirements. Incorporated in 2022, the company acquired an established textile processing unit and initially operated as a job-work processing unit. It subsequently set up a cotton fabric processing plant, which became operational in July 2024. Its manufacturing facility is located in Bhilwara, Rajasthan, and is spread across approximately 49,540 sq. m. The facility has an installed processing capacity of 82.44 million metres per annum and carries out bleaching, dyeing, and finishing of greige fabric.
Should I apply for Sonaselection Limited IPO?
Sonaselection Limited listed at ₹102.31 (+3.3% premium to the ₹99 issue price) after 2.0x subscription. IPOFins Score 5/10: Driven by QIB demand at 1.2x and elevated disclosed risk (7/10), Sonaselection Limited listed at a premium of 3.3% to its issue price. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Sonaselection Limited?
Sonaselection Limited was founded by Mr Harshil Nuwal in 2022.