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Sonaselection India Limited

SONATextiles & Apparels17 Sept 2026 – 21 Sept 2026INE0LLZ01011

Promoters Harshil Nuwal · Uma Nuwal · Deepank Bhandari · Subhash Chandra Nuwal · Sona Polyspin Private Limited

The book so far
0.90x
subscribed · day 3 of 5 · exchange stamp: Updated as on 18-Sep-2026 17:00:00
Bidding closes
2 days left
21 Sept 2026
Price band
₹94 – ₹99
face value ₹10
Smallest bid
₹14,850
150 shares — 1 lot
Issue size
₹156 cr
Lot size
150 sh
bids move in whole lots
Notes

Sonaselection India Limited is raising ₹156 crore through a mainboard initial public offer.

The filing places it in Textiles & Apparels and names five promoters: Harshil Nuwal, Uma Nuwal, Deepank Bhandari, Subhash Chandra Nuwal and Sona Polyspin Private Limited.

The book is open from 17 September 2026 to 21 September 2026.

The price band is ₹94 to ₹99 a share, and the minimum lot is 150 shares — ₹14,850 at the top of the band.

As of the exchange's 18-Sep-2026 17:00:00 update the book was subscribed 0.90 times — bids came in below the number of shares on offer, counting bids on NSE and BSE together.

Against their reserved portions: qualified institutional buyers 0.46 times, non-institutional investors 0.60 times and retail investors 1.29 times. Those portions add up to the whole offer; the sub-categories below each one are already counted inside it.

57.33 lakh shares were bid at cut-off — applications that accept whatever price the issue is finally set at rather than naming one.

The offer
Regulation 6(1)
Price band
₹94 – ₹99
face value ₹10
Lot size
150 sh
₹14,850 a lot
Issue size
₹156 cr
How it was priced
Book-built — the price was discovered inside a band from the bids received
Listing sought at
BSE And NSE
Registered office
Northern India
Company website
www.sonaselection.com
Registrar
KFin Technologies Limited
Lead manager
  • Choice Capital Advisors Private Limited
What a bid costs
at ₹99, the upper end of the price band
CategoryLotsSharesAmount
Retail
Individuals bidding up to ₹2 lakh
1 – 13150 – 1,950₹14,850 – ₹1,93,050
Small NII
Non-institutional bids of ₹2 lakh to ₹10 lakh
14 – 672,100 – 10,050₹2,07,900 – ₹9,94,950
Big NII
Non-institutional bids above ₹10 lakh
68+10,200+₹10,09,800+

Bids move in whole lots of 150 shares. The category boundaries are SEBI’s, set by the value of the application — ₹2 lakh divides retail from non-institutional, and ₹10 lakh divides the two non-institutional pools. The lot counts above are those limits converted at ₹99, not a figure the exchange publishes.

What happens when
2 days left
  1. Bidding opens17 Sept 2026
  2. Bidding closes21 Sept 2026
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listingnot published
How the bidding is going
as of 18-Sep-2026 17:00:00
0.90x
NSE + BSE combined
90.52 L bid against 1.00 cr offered
captured 18 Sept 2026, 7:00 pm IST

Investors have bid for 0.90 times the shares on offer. Each category below has its own reserved portion, and those portions add up to the whole offer.

Institutional buyers (QIB)29% of the offer reserved0.46x
13,13,250 bid · 28,60,000 offered
Non-institutional (HNI)21% of the offer reserved0.60x
12,84,750 bid · 21,45,000 offered
Retail50% of the offer reserved1.29x
64,54,200 bid · 50,05,000 offered
NSE bids only — a different figure0.69x

Bids placed on NSE alone, excluding BSE. It is smaller than the 0.90x headline above and the two must never be compared or added together.

Where in the price band the bids sit
as of 19 Sept 2026, 7:00 pm IST

Every bid names a price, or accepts whatever the final price turns out to be. This shows how many shares have been bid for at each price or above it — so the bar at the top of the band counts only the bids willing to pay it.

₹94
₹95
₹96
₹97
₹98
₹99

The columns are near-identical because they are: demand falls only 0.71% between ₹94 and ₹99, so almost every bid was willing to pay the top of the band. The axis starts at zero — the flatness is the finding, not a missing scale.

Bid at cut-off (no price named)
57.33 L

These accept whatever price the issue is finally set at, so they have no place on the price axis and are not in the chart.

Drop from ₹94 to ₹99
0.71%

How much of the demand falls away between the bottom and the top of the band.

Cumulative shares bid at or above each price in the band, from the exchange's own demand schedule. Bids placed at cut-off carry no price and are counted separately.

Anchor investors

We have not extracted an anchor allotment list for this issue.

How the price was set
as printed in the red herring prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
The issuer's chosen peers
Earnings the price leans on
₹6.08
diluted, per share
Earnings per share, by year
YearBasicDilutedWeight
FY2024₹3.25₹3.251
FY2025₹4.57₹4.492
FY2026₹8.09₹8.093

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

The numbers behind the offer
from the offer document

Restated figures the issuer is required to publish in its offer document, covering the years before it came to market.

LineFY2024FY2025FY2026
EBITDA(₹ million)284.87581.19847.74
Profit after Tax (PAT)(₹ million)130.95185.63340.23
Revenue from Operations(₹ million)1,209.793,159.525,169.49

Figures as filed by the issuer in its offer document.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Who the issuer compares itself to
as printed in the offer document

The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.

CompanyP/ERoNW
Nitin Spinners Limited18.212.8%
Sangam (India) Limited37.38.0%
Vishal Fabrics Limited12.26.3%
The issuer’s own figures, as it printed them
EPS
₹8.09
NAV per share
₹24.78
Return on net worth
39.05%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.

Who ran this issue, and what else they have run
past issues only
Lead manager
FirmIssuesTypical listing move
Choice Capital Advisors Private Limited
20232026
10
0 measurable
Registrar
FirmIssuesTypical listing move
Kfin Technologies Limited
20212026
125
30 measurable
+7.9%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.