Sonaselection India lists at over 3% premium on NSE and BSE
Bhilwara-based integrated fabric maker Sonaselection India debuted at Rs 102.31 on NSE and Rs 102 on BSE, versus its Rs 99 issue price. The Rs 141.6 crore fresh issue will support debt repayment, plant machinery and general corporate purposes.
What happened
Bhilwara-based integrated fabric manufacturer Sonaselection India debuted on NSE and BSE at over a 3% premium to its Rs 99 IPO price. The Rs 141.6 crore
Key facts
- NSE listing price: Rs 102.31
- BSE listing price: Rs 102
- IPO price: Rs 99 per share
- NSE listing premium: 3.34%
- BSE listing premium: 3.03%
What changed
Bhilwara-based integrated fabric manufacturer Sonaselection India debuted on NSE and BSE at over a 3% premium to its Rs 99 IPO price. The Rs 141.6 crore fresh-issue proceeds will fund debt repayment, plant machinery and corporate purposes.
Why this matters
Sonaselection India’s modest listing premium and planned use of IPO proceeds for debt reduction and machinery suggest a stronger balance sheet and capacity base for textile operations.
What to watch
- Actual debt reduction and resulting movement in finance costs.
- Machinery installation timeline, capacity-utilization rate and production yield improvements.
- Quarterly revenue growth, EBITDA margin and operating cash-flow conversion after listing.
- Cotton, yarn, dyeing/processing and power-cost trends relative to the company's ability to pass through pricing.
- Receivables days, inventory levels and working-capital borrowing requirements.