{"id":70691,"date":"2026-09-21T13:03:35","date_gmt":"2026-09-21T07:33:35","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=70691"},"modified":"2026-09-21T13:03:38","modified_gmt":"2026-09-21T07:33:38","slug":"sonaselection-india-ipo-issue-closes-today-retail-portion-1-63x-subscribed-so-far-check-qib-nii-bids","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/sonaselection-india-ipo-issue-closes-today-retail-portion-1-63x-subscribed-so-far-check-qib-nii-bids\/","title":{"rendered":"Sonaselection India IPO: Issue Closes Today, Retail Portion 1.63x Subscribed So Far; Check QIB, NII Bids"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p class=\"wp-block-paragraph\">The <strong>Sonaselection India IPO<\/strong> enters its final day of bidding today, September 21, 2026, with investor participation picking up across categories. The \u20b9141.57 crore mainboard IPO has a price band of \u20b994 to \u20b999 per share, while the retail portion has been reported at around <strong>1.63 times subscribed<\/strong> during Day 3. Investors are closely tracking the QIB and NII response before the issue closes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sonaselection India IPO: Key Details<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Sonaselection India is an integrated textile manufacturing and processing company based in Bhilwara, Rajasthan. The <a class=\"wpil_keyword_link\" href=\"https:\/\/www.equentis.com\/researchandranking\/ipos\"   title=\"IPO\" data-wpil-keyword-link=\"linked\"  data-wpil-monitor-id=\"1687\">IPO<\/a> opened for subscription on September 17 and closes on September 21.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The issue consists entirely of a fresh issue of approximately 1.43 crore equity shares, with no offer for sale component. At the upper end of the price band, the issue size is approximately \u20b9141.57 crore.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Particular<\/th><th>Details<\/th><\/tr><\/thead><tbody><tr><td>IPO size<\/td><td>\u20b9141.57 crore<\/td><\/tr><tr><td>IPO type<\/td><td>Mainboard<\/td><\/tr><tr><td>Price band<\/td><td>\u20b994 to \u20b999<\/td><\/tr><tr><td>Lot size<\/td><td>150 shares<\/td><\/tr><tr><td>Minimum investment<\/td><td>\u20b914,850 at \u20b999<\/td><\/tr><tr><td>Issue opens<\/td><td>September 17, 2026<\/td><\/tr><tr><td>Issue closes<\/td><td>September 21, 2026<\/td><\/tr><tr><td>Expected allotment<\/td><td>September 22, 2026<\/td><\/tr><tr><td>Tentative listing<\/td><td>September 24, 2026<\/td><\/tr><tr><td>Listing exchanges<\/td><td>NSE and BSE<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The minimum retail application requires 150 shares. At the upper price band of \u20b999, this translates into an investment of \u20b914,850 for one lot.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sonaselection India IPO Subscription Status<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Subscription data is one of the key factors investors are watching on the final day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The issue had received bids for around 90.52 lakh shares against 1 crore shares available by the end of Day 2, taking overall subscription to about 90%. At that stage, retail investors had subscribed 1.29 times, while the NII and QIB portions were at 60% and 46%, respectively.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As bidding continued on September 21, the retail portion moved higher and was reported at around <strong>1.63x subscribed<\/strong>. Investors should note that subscription figures can change throughout the day until the issue closes and final exchange data is available.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The category wise subscription is important because QIBs, NIIs and retail investors represent different investor groups and have separate portions reserved under the IPO structure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Do QIB and NII Mean in an IPO?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>QIB<\/strong> stands for Qualified Institutional Buyers. This category includes institutional investors that meet the regulatory eligibility requirements, such as mutual funds, insurance companies and other financial institutions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>NII<\/strong>, or Non-Institutional Investors, broadly covers investors who are not eligible under the retail category and apply above the prescribed retail investment limit. The NII category is commonly associated with high net worth investors and other larger applicants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Retail investors, meanwhile, generally apply within the prescribed retail investment limit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking these categories gives investors a clearer picture of how demand is developing rather than relying only on the overall subscription number.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Is Sonaselection India IPO&#8217;s Price and Lot Size?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Sonaselection India IPO price band has been fixed at <strong>\u20b994 to \u20b999 per equity share<\/strong>. The lot size is 150 shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the upper price band, the minimum application amount for one lot is therefore \u20b914,850. Investors applying for additional lots need to account for the corresponding increase in the application amount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IPO is structured as a book-built issue, meaning the final price is determined within the disclosed price range based on demand received from investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Where Will Sonaselection India Use IPO Proceeds?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The company plans to use a significant part of the IPO proceeds for reducing its borrowings.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the company&#8217;s stated objects, approximately <strong>\u20b980 crore<\/strong> is proposed to be used for repayment or prepayment of certain borrowings. Another <strong>\u20b950.61 crore<\/strong> is intended for purchasing plant and machinery at its existing manufacturing facility in Bhilwara, Rajasthan. The balance is earmarked for general corporate purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This means the IPO has two important financial objectives: reducing debt and supporting capital expenditure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For investors, it is useful to examine whether these planned uses of funds can strengthen the company&#8217;s financial position and support future operations. However, the actual impact will depend on execution and business conditions after listing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sonaselection India Financial Performance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The company&#8217;s financial performance has also attracted attention during the IPO process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sonaselection India reported total income of \u20b9517.60 crore in FY26, compared with \u20b9316.47 crore in FY25, representing an increase of about 64%. Profit after tax increased to \u20b934.02 crore from \u20b918.56 crore during the same period, according to reported financial data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company manufactures and processes fabrics including 100% cotton, cotton lycra, cotton blends and polyester blends. It also undertakes processing activities such as bleaching, dyeing and finishing. Its Bhilwara facility has an installed processing capacity of approximately 82.44 million metres per year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Sonaselection India IPO: Opportunities and Risks<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The proposed debt repayment is one factor investors may monitor because lower borrowings can potentially reduce financial pressure. Planned spending on plant and machinery could also support production capacity and operational expansion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, the textile industry is exposed to raw material costs, demand cycles, export conditions, competition and changes in consumer preferences. Manufacturing businesses can also face risks related to capacity utilisation, working capital and execution of expansion plans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another point to remember is that IPO subscription does not determine long term business performance. Similarly, grey market premium, where reported, is unofficial and should not be treated as a guaranteed indication of the eventual listing price.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Should Investors Watch on the Final Day?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investors following the <strong>Sonaselection India IPO subscription status<\/strong> should watch the final QIB, NII and retail figures after the bidding window closes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The next important stages are the finalisation of the basis of allotment, expected on September 22, followed by the proposed listing on September 24, subject to the applicable process and approvals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rather than looking at subscription numbers in isolation, investors can also consider the company&#8217;s financial performance, debt levels, use of IPO proceeds, business model and valuation before making an investment decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Sonaselection India IPO closes today after attracting increasing participation from investors, with the retail category reported at around <strong>1.63x subscription<\/strong> during the final day. The \u20b9141.57 crore issue has a price band of \u20b994 to \u20b999 and a lot size of 150 shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The QIB and NII participation will remain important indicators as the issue moves towards closure. Investors should also keep track of the final subscription figures, allotment process and proposed September 24 listing while evaluating the company&#8217;s financial performance and business risks separately from IPO demand.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">1. When does the Sonaselection India IPO close?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Sonaselection India IPO closes on <strong>September 21, 2026<\/strong>. It opened for subscription on September 17. Investors can submit applications until the IPO bidding window closes on the final day, subject to the applicable platform and banking cut-off timings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. What is the Sonaselection India IPO price band?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The IPO price band is <strong>\u20b994 to \u20b999 per equity share<\/strong>. The company has offered approximately 1.43 crore fresh equity shares. At the upper end of the price band, the total issue size is approximately \u20b9141.57 crore.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. What is the Sonaselection India IPO lot size?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The minimum lot size is <strong>150 shares<\/strong>. At the upper price band of \u20b999 per share, one lot requires an application amount of \u20b914,850. Investors applying for more lots would need to provide the corresponding higher application amount.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. How much is the Sonaselection India IPO subscribed?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The retail portion was reported at around <strong>1.63 times subscribed<\/strong> during the final day of bidding. Subscription figures can change during the day, so investors should check the latest exchange data for the final category wise numbers before the issue closes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">5. What is the QIB subscription in Sonaselection India IPO?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By the end of Day 2, the QIB portion had received bids equivalent to about <strong>46% of the shares reserved for the category<\/strong>. QIB participation can change significantly on the final day, making the closing figure more relevant for assessing overall institutional demand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">6. What is the NII subscription in Sonaselection India IPO?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The NII portion was subscribed to around <strong>60% by the end of Day 2<\/strong>, according to reported subscription data. The category can see additional applications on the final day, so the final NII subscription figure may differ from the Day 2 level.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">7. What is the minimum investment in Sonaselection India IPO?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">At the upper price band of \u20b999, retail investors need \u20b914,850 for the minimum lot of 150 shares. The actual amount blocked through the application process depends on the bid price and number of lots applied for.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">8. When will Sonaselection India IPO allotment be finalised?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The allotment is expected to be finalised on <strong>September 22, 2026<\/strong>, following the closure of the IPO. Investors can subsequently check their allotment status through the registrar or relevant stock exchange platforms once the status is made available.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">9. When will Sonaselection India shares be listed?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Sonaselection India shares are tentatively scheduled to be listed on <strong>September 24, 2026<\/strong>, on both the NSE and BSE, subject to completion of the applicable post-IPO procedures.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">10. What will Sonaselection India use the IPO proceeds for?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The company plans to use around <strong>\u20b980 crore<\/strong> towards repayment or prepayment of certain borrowings and approximately \u20b950.61 crore for plant and machinery at its Bhilwara facility. The remaining proceeds are intended for general corporate purposes.<\/p>\n\n\n\n<p class=\"has-ast-global-color-5-color has-vivid-red-background-color has-text-color has-background has-link-color wp-elements-e86fd587e2d124f6150f0adba7a93ed0 wp-block-paragraph\">Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL &amp; certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sonaselection India IPO enters its final day of bidding today, September 21, 2026, with investor participation picking up across [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":70698,"comment_status":"closed","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[948],"tags":[],"class_list":["post-70691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market-news"],"_links":{"self":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/70691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/comments?post=70691"}],"version-history":[{"count":1,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/70691\/revisions"}],"predecessor-version":[{"id":70699,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/posts\/70691\/revisions\/70699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media\/70698"}],"wp:attachment":[{"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/media?parent=70691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/categories?post=70691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.equentis.com\/blog\/wp-json\/wp\/v2\/tags?post=70691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}