Sonaselection India Limited IPO to Open on September 17 at ₹94–₹99 per Share

Fabric manufacturing and processing company plans fresh issue of up to 14.3 million equity shares, with shares proposed to list on BSE and NSE

Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in producing value-added products, has announced the launch of its Initial Public Offering (IPO). The issue will open on September 17, 2026 and close on September 21, 2026, while the Anchor Investor Bid/Issue Period will open on September 16, 2026.

The IPO comprises a Fresh Issue of up to 14,300,000 equity shares with a face value of ₹10 each. The price band has been fixed at ₹94–₹99 per equity share.

IPO Details

• Issue size: Up to 14,300,000 Equity Shares
• Price band: ₹94–₹99 per Equity Share
• Face value: ₹10 per Equity Share
• Minimum bid lot: 150 Equity Shares and in multiples of 150 thereafter
• Anchor Investor Issue Period: September 16, 2026
• Issue opening date: September 17, 2026
• Issue closing date: September 21, 2026
• Floor Price: 9.40 times the face value
• Cap Price: 9.90 times the face value
• Proposed listing: BSE and NSE

Book Building and Investor Allocation

The issue is being made through the Book Building Process under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 and Regulation 6(1) of the SEBI ICDR Regulations.

Not more than 50% of the Issue will be available for allocation on a proportionate basis to Qualified Institutional Buyers (QIBs), subject to the applicable regulations.

The company may, in consultation with the Book Running Lead Manager (BRLM), allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations.

Of the Anchor Investor Portion, 40% will be reserved as follows:

• 33.33% for domestic Mutual Funds.
• 6.67% for Life Insurance Companies and Pension Funds.

The reservations are subject to valid bids being received from the respective categories at or above the Anchor Investor Allocation Price.

Any under-subscription in the Life Insurance Companies and Pension Funds category may be allocated to domestic Mutual Funds in accordance with the SEBI ICDR Regulations.

If there is under-subscription or non-allocation in the Anchor Investor Portion, the remaining Equity Shares will be added to the Net QIB Portion.

Allocation for Mutual Funds and QIBs

Of the Net QIB Portion, 5% will be available for allocation on a proportionate basis only to Mutual Funds, subject to valid bids being received at or above the Issue Price.

The balance of the Net QIB Portion will be available for proportionate allocation to QIB bidders, other than Anchor Investors, including Mutual Funds, subject to valid bids at or above the Issue Price.

If aggregate demand from Mutual Funds is below 5% of the Net QIB Portion, the balance Equity Shares available under the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation among all QIBs.

Non-Institutional and Retail Allocation

Not less than 15% of the Issue will be available for allocation to Non-Institutional Bidders, while not less than 35% will be available for Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.

Within the Non-Institutional Portion:

• One-third will be available to bidders with a bid size of more than ₹0.20 million and up to ₹1.00 million.
• Two-thirds will be available to bidders with a bid size of more than ₹1.00 million.

Any under-subscription in either of these two sub-categories may be allocated to bidders in the other sub-category in accordance with the SEBI ICDR Regulations.

ASBA and UPI Application Process

All potential bidders, except Anchor Investors, are required to participate in the IPO through the Application Supported by Blocked Amount (ASBA) process.

Applicants will need to provide details of their ASBA accounts and, where applicable, their UPI ID. The corresponding bid amount will be blocked by the Self Certified Syndicate Banks (SCSBs) or Sponsor Bank(s) under the UPI mechanism, as applicable.

Anchor Investors are not permitted to participate through the ASBA process.

Use of IPO Proceeds

The company proposes to utilise the Net Proceeds from the issue for three key purposes:

1. Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company from banks.
2. Capital expenditure towards the purchase of plant and machinery at its existing manufacturing facility located at 18th K.M. Stone, Chittorgarh Road, Hamirgarh, Bhilwara – 311025, Rajasthan, India.
3. General corporate purposes.

Lead Manager and Registrar

Choice Capital Advisors Private Limited is the Book Running Lead Manager to the Issue, while Kfin Technologies Limited is the Registrar to the Issue.

The Equity Shares are proposed to be listed on the BSE and NSE.