Textile Firm Sonaselection India Sets IPO Price Band At ₹94-99/Share; Issue To Open On Sep 17

Textile company Sonaselection India Ltd on Thursday fixed a price band of ₹94-99 per equity share for its upcoming ₹141.6-crore initial public offering.

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.

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.

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