Sonaselection India IPO Closes with 2.01x Subscription; Facility Established in Rajasthan
2 reports, 2 independent
Updated Sep 21
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What happened
Sonaselection India, a textile company, successfully conducted its initial public offering (IPO) between September 17 and September 21, 2026. The entirely fresh issue of shares, priced between Rs 94 and Rs 99 per share, received bids for 2.01 crore shares, achieving a subscription rate of 2.01 times at 17:30 IST on September 21, 2026.
Why it matters
The company is an integrated fabric manufacturer with an installed capacity of 82.44 million meters per annum. Funds raised through the IPO are earmarked for repaying borrowings and funding capital expenditure toward plant and machinery purchase.
Who's involved
- RajasthanState where the company has established its manufacturing base
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The entities involved
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Rajasthan
state in north-western India
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- Drug manufacturing links have been established or extended into the state of Rajasthan.
- Rajasthan is confirmed to be a state within the country.