Sonaselection India Ltd IPO
Textiles
Price Band
₹94 – ₹99
Lot Size
150
Minimum Bid Quantity
150
Minimum Investment
₹14850
Issue Size
₹141.57Cr
Opens
2026-09-17
Closes
2026-09-21
Listing
24-09-2026
Subscription Status
Qualified Institutional Buyers
1.16 x
Non-Institutional Investor
1.99 x
Retail Individual Investor
2.47 x
Total
2 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0LLZ01011
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production and processing of finished fabrics. The company manufactures 100% cotton fabric, cotton lycra (stretch) fabric, cotton blends and polyester blends. It also processes 100% cotton, cotton blends, polyester-viscose (P/V) and polyester fabrics. In addition to manufacturing its own fabric, the company undertakes processing of greige fabric on a job-work basis for third-party customers based on specified quality, colour, finish and other requirements. Incorporated in 2022, the company acquired an established textile processing unit and initially operated as a job-work processing unit. It subsequently set up a cotton fabric processing plant, which became operational in July 2024. Its manufacturing facility is located in Bhilwara, Rajasthan, and is spread across approximately 49,540 sq. m. The facility has an installed processing capacity of 82.44 million metres per annum and carries out bleaching, dyeing, and finishing of greige fabric.
Pros
- • The company operates a manufacturing facility in Bhilwara, Rajasthan, with an installed processing capacity of 82.44 million metres per annum. It claims to have machinery including stenter, merceriser, washing range, sanforiser, singeing, microsand suiding and cloth pressing machines, with several machines integrated with digital monitoring tools.
- • The company claims to have an in-house quality assurance laboratory equipped with Titans Universal Strength Tester, Elmatear 1555 Intelligent Digital Tear Tester, and an Auto Colour Dispenser. These are used for testing and quality control during fabric processing.
- • The company combines in-house fabric manufacturing with job-work processing. Manufacturing contributed 81.50% of revenue from operations in FY26, compared with 69.88% in FY25 and 11.28% in FY24, while capacity utilisation stood at 82.71% in FY26.
Cons
- • The company’s manufacturing facility and registered office are located in Rajasthan, which also accounted for Rs 192.88 crore (37.31%), Rs 159.46 crore (50.47%), and Rs 115.31 crore (95.31%) of its revenue from operations in FY26, FY25, and FY24, respectively. Any adverse political, social, regulatory, or other regional developments in Rajasthan could disrupt its production, procurement, and sales, adversely affecting its business and financial condition.
- • The company operates a single manufacturing facility in Bhilwara, Rajasthan, and does not have an alternate or backup manufacturing facility. Any equipment failure, power interruption, industrial accident, labour unrest, natural disaster or planned or unplanned shutdown at the facility could disrupt production and customer deliveries.
- • The company recorded negative cash flows from operating activities of Rs 10.99 crore in FY26 and Rs 14.18 crore in FY25, primarily due to increased trade receivables and inventory. It also recorded negative cash flows from investing activities of Rs 20.00 crore, Rs 50.42 crore, and Rs 108.12 crore in FY26, FY25, and FY24, respectively, mainly due to additions to tangible fixed assets and capital work in progress. If negative cash flows continue, the company may face challenges in meeting working capital requirements, servicing debt, and funding future investments.
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