Sonaselection India IPO Closes with 2.01x Subscription; Facility Established in Rajasthan
3 reports, 3 independent
Updated Oct 6
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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
How it developed
Newest first. Tap a step to see who reported it.Orient Cables maintains manufacturing facilities in Rajasthan and operates in Bengaluru.1 source
Sonaselection India, a textiles company, establishes its manufacturing base in Rajasthan.1 source
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The entities involved
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Rajasthan
state in north-western India