Sonaselection India Locks at 5% Upper Limit After Positive Listing

Delivering immediate post-listing momentum for primary market investors, shares of Rajasthan-based integrated textile company Sonaselection India Limited made a strong debut on the bourses on Thursday, September 24, quickly locking into the 5 percent upper circuit during midday trade. The stock opened on the National Stock Exchange (NSE) at ₹102.21 per share, marking a 3.34 percent premium over its issue price of ₹99, while listing on the Bombay Stock Exchange (BSE) at ₹102 per share, up 3.03 percent. Sustained buying interest by market participants pushed the counter upward by 12:30 PM, driving the share price up by the maximum allowable 5 percent band to touch an intraday peak of ₹107.09, where trading was frozen with pending buy orders.Clean Balance Sheet Strategy: ₹141.6 Crore Fresh Issue to Fund Plant Upgrades and Debt RepaymentThe maiden public offering of Sonaselection India was an entirely fresh issue of 14.3 million (1.43 crore) equity shares aggregating to ₹141.57 crore at the upper band of ₹99 per share, with no Offer for Sale (OFS) component involved. Opened for subscription between September 17 and September 21, 2026, the issue drew steady interest across investor classes, getting subscribed 2.01 times overall with bids received for over 2.01 crore shares against the 1.001 crore shares on offer. The retail individual investor (RII) portion saw healthy traction with a 2.50 times subscription, the non-institutional investor (NII) segment reached 1.99 times, and qualified institutional buyers (QIBs) booked 1.16 times their allocated quota. The net proceeds from the public offer are earmarked for deleveraging existing balance-sheet debt, procuring advanced plant and machinery for operational expansion, and meeting general corporate requirements.Bhilwara Manufacturing Advantage: Transforming Integrated Textile ProcessingIncorporated in 2022, Sonaselection India operates as an integrated fabric manufacturing and processing enterprise anchored in Bhilwara, Rajasthan—the textile capital of northern India. Operating out of an established industrial cluster gives the company structural cost efficiencies, ready access to an experienced technical workforce, and integrated raw material supply chains spanning spinning and processing networks. The company's core product portfolio encompasses 100 percent cotton fabrics, stretch-enabled cotton lycra, and premium blended textiles, alongside specialized job-work dyeing and finishing operations. Market analysts note that the company's capital expenditure allocation toward modern production machinery positions it to capture expanding demand across domestic ready-made garment manufacturers and export-oriented apparel supply chains.