Sonaselection India IPO Details
Sonaselection India, a Rajasthan-based fabric manufacturing and processing company, is set to launch its maiden public issue on September 17. The company will offer 1.43 crore equity shares, which is entirely a fresh issue. The IPO will remain open until September 21, and the anchor book for institutional investors will open for a day on September 16.
Financial Performance
Sonaselection India has reported healthy financial performance in recent fiscal years. For the year ended March 2026, the company reported a profit of Rs 34 crore, up 83.3% from Rs 18.6 crore in the previous year. Revenue during the same period increased 63.6% to Rs 516.9 crore from Rs 316 crore.
Future Plans
The company intends to utilize Rs 80 crore of the net fresh issue proceeds to repay debt, against total borrowings of Rs 263.8 crore. Additionally, Rs 50.6 crore will be used for the purchase of plant and machinery at its existing manufacturing facility in Bhilwara, Rajasthan. The remaining proceeds will be used for general corporate purposes.
Industry Outlook
According to a CareEdge report, the Indian textile and apparel industry is projected to grow from $188 billion in FY26 to $350 billion by FY30, registering a CAGR of 16.8%, driven by rising domestic and export demand.
IPO Schedule
The company is likely to finalize the IPO share allotment by September 22, and its shares are expected to start trading on the stock exchanges from September 24. The IPO price band will be disclosed in the next couple of days. Choice Capital Advisors is managing the Sonaselection India IPO.