Upcoming IPO: Sonaselection India sets price band at ₹94-99/share; check date, other details

Textile company Sonaselection India on Thursday, September 10, fixed a price band of ₹94-99 per equity share for its upcoming ₹141.6-crore initial public offering (IPO).

The company's maiden public offer is scheduled to open on September 17 and conclude on September 21. The bidding for anchor investors will take place on September 16.

The Bhilwara-headquartered company's IPO will comprise a fresh issue of 1.43 crore equity shares worth ₹141.57 crore at the higher end, with no offer for sale (OFS) component, according to a statement.

Proceeds from the IPO will be used for debt payment, purchasing plant and machinery at the company's manufacturing facility and general corporate purposes.

Choice Capital Advisors is the sole book-running lead manager for the public offering.

The company had filed a draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds in December 2025.

IPO proceeds to the tune of ₹80 crore will be utilised for debt payment, ₹47.55 crore for the purchase of plant and machinery at the company's manufacturing unit, and a part will be used for general corporate needs.

“Our company expects to receive the benefits of the 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,” the DRHP had said.

About the company

Founded in 2022, Sonaselection India is an integrated fabric manufacturing and processing company, with the core operations housed at its manufacturing facility at Bhilwara in Rajasthan.

Bhilwara is widely recognised as a major hub for textile processing and manufacturing, providing the company access to skilled labour, established supply chains and textile ecosystem advantages.

In fiscal 2026, the company expanded its operations into the readymade garments segment through its wholly owned subsidiary, Sionnah Enterprises, thereby strengthening vertical integration between fabric manufacturing and downstream garment production.

The company specialises in the manufacturing of 100% cotton fabric, cotton blends, cotton lycra (stretch) fabric, and polyester blends, and in the processing of fabric, including 100% cotton, polyester-viscose (P/V), cotton blends, and polyester fabric.

Apart from manufacturing its own fabric, Sonaselection also undertakes the processing of greige fabric on a job work basis for third-party customers. Under this mode, customers supply greige fabric, and the company provides processing services with respect to specific requirements relating to quality, colour shades, finishes and other product attributes.