Sonaselection India Allots 42.9 Lakh Equity Shares to 3 Anchor Investors Ahead of IPO
Shares allotted at ₹99 each for an aggregate amount of approximately ₹42.47 crore as the company prepares for its September 17 IPO opening
Sonaselection India Limited has allotted 42,90,000 Equity Shares at ₹99 per Equity Share, including a share premium of ₹89 per Equity Share, to three Anchor Investors. The allotment aggregates to approximately ₹42.47 crore and comes ahead of the company’s Initial Public Offering, which opens on Thursday, September 17, 2026.
The Anchor Investor Bid/Issue Period opened and closed on Wednesday, September 16, 2026.
Anchor Investor Allocation
The three Anchor Investors and their respective allocations are:
- Astorne Capital VCC - Arven – 53.53% (22,96,350 shares)
- India Max Investment Fund Limited – 23.24% (9,96,900 shares)
- Lord Multigrowth Fund – 23.23% (9,96,750 shares)
Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production of value-added products.
Sonaselection India IPO Details
Particulars | Details |
|---|---|
IPO Opens | Thursday, September 17, 2026 |
IPO Closes | Monday, September 21, 2026 |
Price Band | ₹94 to ₹99 per Equity Share |
Face Value | ₹10 per Equity Share |
Minimum Bid Lot | 150 Equity Shares and in multiples of 150 Equity Shares thereafter |
Issue Size | Fresh Issue of up to 14,300,000 Equity Shares |
Listing | BSE and NSE |
Allocation | QIB – Not more than 50%; NII – Not less than 15%; Retail – Not less than 35% |