Striders Impex IPO...
20 Feb, 2026
Sonaselection India IPO
Sonaselection India Ltd. filed its DRHP on December 11, 2025. Sonaselection India IPO consists of a Fresh Issue of up to 14,300,000 equity shares with a face value of ₹10 each. There is no Offer for Sale (OFS) component in this issue. It is a 100% book-built issue, and the specific details regarding the price band, lot size, and subscription dates are yet to be announced.
Choice Capital Advisors Private Ltd. is the Book Running Lead Manager (BRLM) handling the public issue. KFin Technologies Ltd. serves as the Registrar, managing the allotment and refund processes for the IPO.
Company Background
Founded in Bhilwara, Rajasthan, on February 11, 2022, Sonaslection India Ltd is a textile manufacturing company that started primarily as a fabric manufacturer but has since grown into several different sectors of the textile industry in addition to this core activity. Today, Sonaslection is still making fabric but also expanding its business into many other facets of the textile industry.
In July of 2025, Sonaslection launched a subsidiary, Sionnah, specifically to enter the ready-made garment and fashion industries. Their main office is located in Hamirgarh, right in the heart of India's textile country.
Operations & Product Range
The company sells everything under its "Sona" brand and is a big name in Rajasthan’s famous textile market. They’ve registered 20 different trademarks for their name and logos to protect their business.
They produce all their items in-house by handling all of the aspects of production, including treating the raw fabric and stitching the final clothing items. By producing everything in their own facilities, they, therefore, have personal control over the quality of each piece that is sent to the final customer.
Facilities & Capacity
The Sonaselection India IPO has the advantage of a primary manufacturing facility at a strategic location at the 18th KM Stone, Chittorgarh Road, Hamirgarh, Bhilwara, Rajasthan. This facility serves as the central hub for their fabric processing and manufacturing operations. The Organization uses modern machinery and includes an in-house quality assurance lab.
Brands & Market Presence
Subhash Chandra Nuwal is the chairman of the Leadership Team, and Harshil Nuwal is the Managing Director. The Leadership Team consists of several other members. The Chief Financial Officer (CFO) of Sonaselection is Ramesh Chandra Vyas and is responsible for managing all financial activities of the Company. The Company's compliance and legal obligations are controlled by Harish Sharma, the Company Secretary and Compliance Officer.
Revenue Streams and Business Model
Sonaselection India IPO is a manufacturer and processor of textiles located in Bhilwara (India) that produces cotton and polyester products. Sonaselection generated Total Revenues of ₹316 Crore for FY 2025. The Company evolved from being a vendor of basic textiles to a manufacturer of higher margin textiles during FY2025. The company operates a large, sustainable facility in Rajasthan, using solar power and water recycling. Recently, it expanded into readymade garments and filed for an IPO to fund further growth.
Management & Shareholding
Promoters & Shareholding
The promoters of Sonaselection India IPO include Harshil Nuwal, Subhash Chandra Nuwal, Uma Nuwal, Deepank Bhandari, and Sona Polyspin Private Ltd. Harshil Nuwal is the Managing Director; he handles the day-to-day planning and big-picture strategy. Working alongside him is Subhash Chandra Nuwal, the Chairman and a fellow commerce graduate. He brings an incredible amount of experience to the table, having spent more than 30 years working in the textile industry.
Board & Key Management
Subhash Chandra Nuwal is the Chairman of the leadership team and Harshil Nuwal is the Managing Director. They are supported by several key executives, including Ramesh Chandra Vyas (Chief Financial Officer), who handles the company's finances, and Harish Sharma (Company Secretary and Compliance Officer).
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sonaselection India IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sonaselection India IPO Details
| Detail | Description |
|---|---|
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per Equity Share |
| Issue Price Band | [.] |
| Lot Size | [.] |
| Sale Type | 100% Fresh Issue (No OFS) |
| Total Issue Size | 1,43,00,000 Equity Shares |
| Fresh Issue(Ex Market Maker) | Up to 1,43,00,000 Equity Shares |
| Offer for Sale | NIL |
| Issue Type | Book Built Issue |
| Listing At | NSE and BSE |
| Share Holding Pre Issue | 94.76% (Promoter Group) |
Sonaselection India IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | [.] |
| IPO Close Date | [.] |
| Tentative Allotment | [.] |
| Initiation of Refunds | [.] |
| Credit of Shares to Demat | [.] |
| Tentative Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | 5:00 PM on the IPO Closing Date |
Sonaselection India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 Lot | [.] | ₹14,000 – ₹15,000 |
| Individual investors (Retail) (Max) | 13 - 14 Lots | [.] | Up to ₹2,00,000 |
| S-HNI (Min) | 14 - 15 Lots | [.] | Above ₹2,00,000 |
| S-HNI (Max) | 66 - 70 Lots | [.] | Up to ₹10,00,000 |
| B-HNI (Min) | 71+ Lots | [.] | Above ₹10,00,000 |
Sonaselection India IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 94.76% |
| Promoter Holding Post Issue | 71.13% (Estimated) |
Competitive Strength:
- • Integrated manufacturing: In-house weaving, processing, and finishing for quality control.
- • Strong revenue growth with Rs 316 Cr in FY25 operations.
- • Modern facility producing cotton, blends and specialty fabrics.
Sonaselection India IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Jun 2025 | 420.52 | 103.96 | 4.80 | 74.92 | 32.39 | 210.20 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 374.77 | 316.03 | 18.56 | 70.07 | 27.54 | 207.40 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 203.50 | 120.91 | 13.10 | 38.88 | 23.01 | 144.60 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 88.06 | 93.44 | 2.51 | 25.84 | 9.97 | 45.21 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 16.97% |
| Debt/Equity | 2.96 |
| ROE | 34.08% |
| PAT Margin | 5.31% |
| EBITDA Margin | 18.36% |
| Price to Book Value | [.] |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ₹4.36 | [.] |
| P/E (x) | [.] | [.] |
IPO Objectives
- • Funding requirements for the company's growth and operational needs.
- • Supporting overall business activities and strengthening the balance sheet.
- • The benefits of listing equity shares on the BSE and NSE include enhanced brand visibility and increased liquidity for shareholders.
Conclusion
The Sonaselection India IPO represents a significant step for this Rajasthan-based textile player. By opting for a 100% Fresh Issue, the company is focused on raising primary capital to fuel its expansion into the integrated garments and value-added fabric segment. As the company scales its manufacturing capabilities and brand presence, it offers investors an entry into India's evolving textile value chain.
IPO DRHP Status
| # | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 11-12-2025 | - |
| 2 | SEBI/Exchange approval received | - | - |
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Frequently Asked Questions (FAQs)
-
How many shares will Sonaselection India offer to the public?
Sonaselection India IPO will offer an additional 14,300,000 shares via an IPO.
-
Will Sonaselection India offer shares through an offer for sale?
There will be no offer for sale (OFS) included in Sonaselection India IPO since all the shares offered by the company are from newly issued stock.
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Who are the underwriters and registrar for this IPO?
For the Sonaselection IPO, the book-running lead manager is Choice Capital Advisors Pvt.Ltd and the registrar for the share allotment and refund process is KFin Technologies Ltd.
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Where does Sonaselection India operate, and what does it do?
Sonaselection India operates out of Bhilwara in Rajasthan, India. It is in the textile industry and was originally established to manufacture finished fabric products from raw fabric. Currently, the company is in the process of launching production of ready-to-wear garments.
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How financially successful has Sonaselection India been?
Sonaselection India’s total revenue increased within last 2 years from ₹94.11 Crores to ₹316.47 Crores. Likewise, Sonaselection India IPO PAT has increased significantly from ₹2.51 Crore to ₹18.56 Crore from FY 2023-25.
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Who are the key players at Sonaselection India?
Mr. Subhash Chandra Nuwal is the Chairman with 30 years of experience in the textile business. Mr. Harshil Nuwal is the CEO of Sonaselection India.
