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Sonaselection India IPO Subscribed 2x on Day 3; Check Latest GMP
- •Sonaselection India's Rs 141.6-crore IPO received 2.01 times subscription on its final day of bidding, September 21, with retail investors subscribing 2.50 times.
- •The IPO comprises a fresh issue of 1.43 crore equity shares, priced between Rs 94-99 per share, and was open for subscription from September 17 to September 21.
- •Ahead of the IPO, Sonaselection India raised Rs 42.47 crore from anchor investors, including Astorne Capital, India Max Investment Fund, and Lords Multigrowth Fund.
- •Proceeds from the IPO will be used for partial debt repayment (Rs 80 crore), capital expenditure for plant and machinery (Rs 50.6 crore), and general corporate purposes.
- •The Rajasthan-based textiles company, manufacturing cotton and polyester blends, reported a significant profit increase to Rs 34 crore and revenue rise to Rs 516.9 crore in FY26.
Key Questions Answered
The Rs 141.6-crore Sonaselection India IPO received 2.01 times subscription on its final day of bidding on September 21, with bids for 2,01,04,050 shares against 1,00,10,000 shares on offer. The retail portion was subscribed 2.50 times and the non-institutional investor category saw 1.99 times subscription.
Sonaselection India plans to use Rs 80 crore of the net proceeds for partial repayment of its debt, which stood at Rs 263.8 crore as of July 2026. Additionally, Rs 50.6 crore will be allocated for capital expenditure to purchase plant and machinery at its manufacturing facility in Bhilwara, Rajasthan, with the remainder designated for general corporate purposes.
Sonaselection India reported a significant increase in financial performance for FY26, with profit rising 83.3 percent to Rs 34 crore compared to Rs 18.6 crore in the previous year. Revenue also grew by 63.6 percent, reaching Rs 516.9 crore up from Rs 316 crore in FY25.
