Sonaselection India IPO: Issue gets fully subscribed on Day 3; here’s how to check allotment status on NSE, BSE, Kfin Tech

The initial public offering (IPO) of Sonaselection India got fully subscribed on its third day of subscription and ended with a total booking of 2.01 times on Monday, September 21.

Until 5 PM, the initial share sale of the company has received bids for 2,01,40,200 shares as compared to 1,00,10,000 shares on offer, as per exchange data.

The non-institutional investor (NII) category has been subscribed 2 times, while the retail individual investor (RII) segment saw a 2.5 times subscription. However, the Qualified Institutional Buyers (QIB) portion was booked 1.16 times.

The ₹142 crore IPO is a complete fresh issue with a price band set between ₹94 and ₹99 per share. The minimum investment for an application is 150 shares and in multiples thereof.

The initial share sale is exclusively a fresh issuance of 1.43 crore shares. There is no offer for the sale component.

Before the IPO, the company raised ₹42.47 crore from anchor investors, including Astorne Capital VCC-Arven, India Max Investment Fund and Lords Multigrowth Fund.

“Our company expects to receive the benefits of listing of the Equity Shares, including to enhance our visibility and our brand image among our existing and potential customers, and to create a public market for our Equity Shares in India,” according to the red herring prospectus.

Shares of Sonaselection India will be listed on both the National Stock Exchange and the Bombay Stock Exchange.

Sonaselection India IPO Objective

The money raised from the IPO will be used towards the following objectives:

Sonaselection India IPO allotment and listing date

Steps to check Sonaselection India IPO allotment status on NSE

• Chose ‘Equity & SME IPO bid details’

• Select ‘Sonaselection India’ from the list of IPO names.

• Enter your application number and PAN details.

• Click ‘Submit’ to view the status of your IPO allotment.

Steps to check Sonaselection India IPO allotment status BSE

• Select ‘Sonaselection India’ as the issue type.

• From the dropdown menu, select ‘Sonaselection India’. Identify yourself using either PAN details or the IPO application number.

• Click on the ‘I’m not a robot’ tab and press the ‘Search’ button to see the allotment details.

Steps to check Sonaselection India IPO allotment status on KFin Technologies

• In the ‘Select IPO’ section, pick ‘Sonaselection India’

• Enter IPO application number, PAN or Demat account number

• Hit the 'Submit' button

About Sonaselection India

Sonaselection India is a Bhilwara-based firm in the manufacture and processing of fabric, incorporated in February 2022. The company manufactures cotton, cotton Lycra, cotton-blended and polyester-blended fabrics. In addition, it processes cotton, polyester, viscose and polyester fabrics on behalf of other parties. 

The cotton fabric processing plant was set up in July 2024 and has enabled the company to move from job work to its own account manufacturing. The company has 628 SKUs in FY26, up from 453 in FY25 and 1 in FY24.