Fabric manufacturer raises approximately ₹42.47 crore through anchor allocation ahead of September 17 IPO opening
Sonaselection India Limited, an integrated fabric manufacturing and processing company engaged in the production of value-added textile products, has allotted 42,90,000 Equity Shares at ₹99 per Equity Share, including a share premium of ₹89 per Equity Share, aggregating to approximately ₹42.47 crore, to three Anchor Investors.
The Anchor Investor Bid/Issue Period opened and closed on Wednesday, September 16, 2026, ahead of the Company’s Initial Public Offering (IPO), which opens on Thursday, September 17, 2026.
Anchor Investor Allocation
The three Anchor Investors and their respective allocations are:
- Astorne Capital VCC – Arven: 53.53% – 22,96,350 shares
- India Max Investment Fund Limited: 23.24% – 9,96,900 shares
- Lord Multigrowth Fund: 23.23% – 9,96,750 shares
Sonaselection India Limited IPO Details
| Particulars | Details |
|---|---|
| IPO Opens | Thursday, September 17, 2026 |
| IPO Closes | Monday, September 21, 2026 |
| Price Band | ₹94 to ₹99 per Equity Share |
| Face Value | ₹10 per Equity Share |
| Minimum Bid Lot | 150 Equity Shares and in multiples of 150 Equity Shares thereafter |
| Issue Size | Fresh Issue of up to 14,300,000 Equity Shares |
| Listing | BSE and NSE |
| QIB Allocation | Not more than 50% |
| NII Allocation | Not less than 15% |
| Retail Allocation | Not less than 35% |
About Sonaselection India Limited
Sonaselection India Limited is an integrated fabric manufacturing and processing company engaged in the production of value-added products. The Company uses advanced technology, established production capabilities and quality systems to convert raw textiles into finished fabrics.
Its product portfolio includes 100% cotton fabric, cotton lycra or stretch fabric, cotton blends and polyester blends. Its processing capabilities cover 100% cotton, cotton blends, polyester-viscose and polyester fabrics.
The Company’s manufacturing facility is located in Bhilwara, Rajasthan, which is widely known as the “Vastranagari”. The facility is spread across approximately 49,540 square metres and has an installed processing capacity of 82.44 million metres per annum.
In Fiscal 2026, Sonaselection India Limited expanded into the readymade garments segment through its wholly owned subsidiary, Sionnah Enterprises Private Limited. The expansion strengthens the Company’s vertical integration between fabric manufacturing and downstream garment production.