Sonaselection India lists at 3% premium, hits upper circuit on debut
Bhilwara-based integrated fabric manufacturer Sonaselection India listed at ₹102–102.31 versus its ₹99 issue price, before touching upper circuit limits on both exchanges. Its ₹141.6 crore fresh issue will support debt repayment and plant-and-machinery purchases.
What happened
Bhilwara-based integrated fabric manufacturer Sonaselection India debuted above its ₹99 IPO price and hit upper circuits on BSE and NSE. The ₹141.6-crore fresh
Key facts
- IPO issue price: ₹99 per share
- BSE listing price: ₹102, up 3%
- BSE upper circuit: ₹107.09, up 8.17%
- NSE listing price: ₹102.31, up 3.34%
- NSE upper limit: ₹107.42, up 8.50%
What changed
Bhilwara-based integrated fabric manufacturer Sonaselection India debuted above its ₹99 IPO price and hit upper circuits on BSE and NSE. The ₹141.6-crore fresh issue will fund debt repayment, manufacturing plant and machinery purchases, and corporate purposes.
Why this matters
The ₹141.6 crore fresh issue, earmarked for debt reduction and plant-and-machinery investment, strengthens Sonaselection’s balance sheet and scale potential as a textile-sector partner or target.
What to watch
- First two post-listing quarterly results, particularly revenue growth, EBITDA margin, and finance-cost reduction.
- Actual debt repaid versus stated use of proceeds and the resulting net-debt position.
- Capex commissioning date, new capacity added, and utilization ramp.
- Cotton/yarn and energy-price movements affecting input costs.
- Domestic apparel demand, export orders, and customer concentration trends.