Minimum bid lot is 150 equity shares and in multiples of 150 equity shares thereafter.
Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in the production of value-added products, has announced the launch of its Initial Public Offering (“IPO”), scheduled to open on Thursday, September 17, 2026, and close on Monday, September 21, 2026. The Anchor Investor Bid/Issue Period will open on Wednesday, September 16, 2026, one working day before the issue opening.
The Initial Public Offering comprises a Fresh Issue of up to 14,300,000 equity shares, with a face value of ₹10 each.
The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50 per cent of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that our Company may, in consultation with the BRLM, allocate up to 60 per cent of the QIB Portion to Anchor Investors on a discretionary basis, in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which 40 per cent shall be reserved in the following manner (i) 33.33 per cent of the Anchor Investor Portion shall be reserved for domestic Mutual Funds; and (ii) 6.67 per cent of the Anchor Investor Portion shall be reserved for Life Insurance Companies and Pension Funds, subject to valid Bids being received from domestic Mutual Funds, Life Insurance Companies and Pension Funds, as applicable, at or above the Anchor Investor Allocation Price.
Any under-subscription in the Life Insurance Companies and Pension Funds category specified in (ii) above may be allocated to domestic Mutual Funds, in accordance with the SEBI ICDR Regulations. In the event of undersubscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares of face value of ₹ 10/- each shall be added to the remaining QIB Portion (“Net QIB Portion”). Further, 5 per cent of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Issue Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIB bidders (other than Anchor Investors) including Mutual Funds subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5 per cent of the Net QIB Portion, the balance Equity Shares of face value of ₹ 10/- each, available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to all QIBs.
Further, not less than 15 per cent of the Issue shall be available for allocation to Non-Institutional Bidders and not less than 35 per cent of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. One-third of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹ 0.20 million and up to ₹ 1.00 million and two-thirds of the Non-Institutional Portion shall be available for allocation to Non-Institutional Bidders with a Bid size of more than ₹1.00 million provided that under-subscription in either of these two sub-categories of the Non-Institutional Portion may be allocated to Non-Institutional Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price.
All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Issue through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see “Issue Procedure” beginning on page 547 of the Red Herring Prospectus.
The Net Proceeds are proposed to be utilised towards: (i) repayment and/or pre-payment, in full or part, of certain borrowings availed by the Company from banks; (ii) funding capital expenditure towards the purchase of plant and machinery at the existing manufacturing facility situated at 18th K.M. Stone, Chittorgarh Road, Hamirgarh, Bhilwara – 311025, Rajasthan, India; and (iii) general corporate purposes (collectively, the “Objects”).
Choice Capital Advisors is the Book Running Lead Manager to the Issue and Kfin Technologies Limited is the Registrar to the Issue. The Equity Shares are proposed to be listed on the BSE & NSE.