Sonaselection India IPO
Sonaselection India IPO is a mainboard IPO raising ₹142 Cr at ₹94 – ₹99 a share. The smallest application you can make is 150 shares, costing ₹14,850 at the top of the band. Bidding opens on 17 Sept 2026.
Bidding has not opened yet, so there is nothing to subscribe to.
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.