Sonaselection India IPO
Sonaselection India IPO is a mainboard IPO raising ₹142 Cr at ₹94 – ₹99 a share. It listed on 24 Sept 2026 at ₹102, +3.3% against its issue price of ₹99, and trades at ₹99 today (+0.3% since issue). It was subscribed 2.01× in total.
2.0 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 33% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Vishal Fabrics Limited | 12.23× | 6.33% | ₹1.52 |
| Sangam (India) Limited | 37.29× | 8.02% | ₹16.44 |
| Nitin Spinners Limited | 18.22× | 12.77% | ₹31.58 |
| This issue | 12.2× | 39.05% | ₹8.09 |
derived: cut-off price Rs99 / stated EPS Rs8.09 (Fiscal 2026 diluted EPS, restated consolidated, weighted across FY26 (3), FY25 (2), FY24 (1) yielding weighted average 6.08). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.