Top News

• Sona Selection India Limited's IPO will open on September 17
• ₹94 to ₹99 price band announced at Rs
• Anchor book will open on September 16

Sona Selection India IPO: SonaSelection India Limited, an integrated fabric manufacturing and processing company engaged in manufacturing value added products, has announced its initial public offering (“IPO”). The IPO will open on Thursday, September 17, 2026 and close on Monday, September 21, 2026. The Bid/Issue Period for Anchor Investors will open on Wednesday, September 16, 2026, i.e. one Business Day prior to the opening of the Issue. This initial public offer involves a fresh issue of up to 14,300,000 equity shares of face value of ₹10 each. (Sona Selection India IPO)

Will investors get more returns in large-cap stocks? Edelweiss' Altiva SIF launches new long-short fund

This issue is being made through a book building process in accordance with Rule 19(2)(b) of the Securities Contracts (Regulations) Rules, 1957 (“SCRR”), in accordance with Regulation 31 of the SEBI ICDR Regulations and Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Issue will be allotted to Qualified Institutional Buyers (“QIBs”) on a proportionate basis and such The Portion shall be called “QIB Portion”, but our Company, on the advice of BRLM, may at its discretion allocate up to 60% of the QIB Portion to Anchor Investors (“Anchor Investor Portion”) as per SEBI ICDR Regulations.

A valid bid must be received at a higher price

40% will be reserved as follows (i) 33.33% of Anchor Investor Portion will be reserved for domestic mutual funds; and (ii) 6.67% of the anchor investor share shall be reserved for life insurance companies and pension funds, subject to receipt of valid bids from domestic mutual funds, life insurance companies and pension funds, as applicable, at or above the anchor investor allotment price.

Remaining equity shares in remaining QIB share

In case of under-subscription in the category of life insurance companies and pension funds mentioned in (ii) above, the share may be allocated to domestic mutual funds as per SEBI ICDR norms. In case of under-subscription (under-subscription) or non-allotment of Anchor Investor Shares, the remaining Equity Shares of face value of ₹ 10/- each will be added to the remaining QIB Shares (“Net QIB Shares”).

Added to the remaining net QIB portion

In addition, 5% of the net QIB portion will be available for allotment on a pro rata basis only to mutual funds, subject to receipt of valid bids at or above the issue price, and the remaining portion of the net QIB portion will be available for allotment on a pro rata basis to QIB bidders (other than anchor investors), including mutual funds, subject to receipt of valid bids at or above the issue price.

However, if the total demand from mutual funds is less than 5% of the net QIB portion, the remaining equity shares of face value of ₹ 10/- each, available for allotment in the mutual fund portion, will be added to the remaining net QIB portion for proportionate allocation to all QIBs.

Available for allotment to non-institutional bidders

Additionally, as per SEBI ICDR Rules, a minimum of 15% of the issue will be available for allotment to non-institutional bidders and a minimum of 35% of the issue to retail individual bidders, subject to receipt of valid bids at or above the issue price. One-third of the non-institutional portion shall be available for allotment to non-institutional bidders with bid size above ₹ 0.20 million and up to ₹ 1.00 million and two-third of the non-institutional portion shall be available for allotment to non-institutional bidders with bid size above ₹ 1.00 million.

However, in case of undersubscription in either of these two sub-categories of the non-institutional portion, the same may be allotted to non-institutional bidders in the other sub-category of the non-institutional portion as per SEBI ICDR Rules, subject to receipt of valid bids at or above the issue price.

Participation in the issue is not permitted through the ASBA process

All prospective bidders (except anchor investors) are required to participate in the issue through the 'Blocked Amount Backed Application' (“ASBA”) process by furnishing their respective ASBA account details and, in the case of UPI bidders, UPI ID, as applicable. Accordingly, their respective bid amount will be blocked by the Self-Certified Syndicate Banks (“SCSBs”) or Sponsor Bank, as the case may be, under the UPI mechanism, up to the limit of the respective bid amount. Anchor investors are not permitted to participate in the issue through the ASBA process. For details, see “Issue Procedure” beginning on page 547 of the Red Herring Prospectus.

The utilization of the net proceeds is proposed for the following purposes: (i) full or partial repayment and/or advance repayment of certain loans taken by the Company from banks; (ii) Hamirgarh, Chittorgarh Road, 18th K. in Bhilwara, Rajasthan. M. Funding for capital expenditure on purchase of plant and machinery for existing manufacturing plant located at Stone, Bhilwara – 311025; and (iii) general corporate objectives (collectively, the “Objectives”).

Choice Capital Advisors Private Limited is the Book Running Lead Manager of the Issue and Caffeine Technologies Limited is the Registrar of the Issue. Equity shares are proposed to be listed on BSE and NSE.

Success Story : Failed in school, rejected in 30 interviews… still became a billionaire! How did Jack Ma become the boss of Alibaba?