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Learn about Sonaselection India Limited’s Draft Red Herring Prospectus filing, business operations, financial context, and the proposed utilisation of funds as outlined in public disclosures.
Sonaselection India Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as part of its plan to raise capital through an initial public offering. The DRHP outlines the company’s business profile, operational footprint, financial performance, and the broad structure of the proposed public issue.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Sonaselection India Limited has submitted its Draft Red Herring Prospectus to SEBI, marking the formal initiation of its IPO process. The filing is currently under regulatory review. SEBI’s observations on the DRHP will determine the next steps, including the filing of the Red Herring Prospectus (RHP) and the announcement of IPO dates.
Subject to regulatory approvals, the company proposes to list its equity shares on recognised stock exchanges in India.
As per the DRHP, the proposed IPO is expected to comprise the following components:
| Particulars | Details |
|---|---|
Issue Type |
Fresh Issue of Equity Shares |
Face Value |
₹10 per equity share* |
Issue Size |
To be announced (as per DRHP disclosures) |
Offer for Sale (OFS) |
As disclosed in DRHP* |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
Book Running Lead Manager(s) |
As disclosed in DRHP |
Registrar to the Issue |
As disclosed in DRHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Sonaselection India Limited operates in the textile manufacturing and processing segment, focused on producing cotton, blended, and synthetic fabrics for apparel and industrial applications. The company is engaged in fabric manufacturing, processing, and job work services through integrated facilities serving domestic customers and export markets.
Its business model is built around manufacturing capabilities, process efficiency, quality control, and long-term client relationships. The company aims to cater to evolving market requirements by offering consistent fabric quality across select product categories segments.
According to the DRHP, the net proceeds from the IPO are proposed to be utilised towards the following broad objectives:
| Fund Allocation | Purpose |
|---|---|
Working Capital Requirements |
Funding incremental working capital needs to support business operations |
Expansion & Growth Initiatives |
Supporting store expansion, product range enhancement, and brand development |
General Corporate Purposes |
Administrative expenses and overall corporate requirements |
These objectives are intended to strengthen operational efficiency and support the company’s medium- to long-term growth strategy.
The DRHP provides an overview of Sonaselection India Limited’s financial performance over recent years, offering insight into revenue trends, profitability, and balance sheet position.
| Fiscal Year / Period | Revenue from Operations (₹ crore) | Profit / (Loss) After Tax (₹ crore) | Net Worth / Equity (₹ crore) |
|---|---|---|---|
FY23 (Year ended Mar 31, 2023) |
As per DRHP |
As per DRHP |
As per DRHP |
FY24 (Year ended Mar 31, 2024) |
As per DRHP |
As per DRHP |
As per DRHP |
FY25 (Latest reported period)* |
As per DRHP |
As per DRHP |
As per DRHP |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
The table below summarises the current status of the IPO process based on publicly available information:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
As disclosed in DRHP |
Draft Red Herring Prospectus submitted for regulatory review |
SEBI observations |
Awaited |
Subject to SEBI review and clarifications |
Red Herring Prospectus (RHP) |
To be announced |
Post SEBI observations |
IPO Bidding / Opening Date |
To be announced |
Final dates to be declared |
IPO Closing Date |
To be announced |
To be specified in RHP |
Allotment Date |
To be announced |
Post issue closure |
Credit to DEMAT Accounts |
To be announced |
After allotment finalisation |
Listing on NSE/BSE |
To be announced |
Subject to approvals and listing formalities |
Note: Investors should refer to official filings for final IPO dates to learn more about Sonaselection India IPO listing details and price, and listing timelines.
Keep yourself updated : Check Upcoming IPO
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Sonaselection India Limited has filed its Draft Red Herring Prospectus with SEBI as disclosed in public filings. The exact filing date is mentioned in the DRHP submitted to the regulator.
The IPO is currently at the DRHP review stage. SEBI observations are awaited. After addressing these observations, the company will file the Red Herring Prospectus (RHP) and announce the IPO schedule.
The IPO primarily consists of a fresh issue of equity shares, along with an Offer for Sale component, as detailed in the DRHP. Final issue size and share allocation will be determined during the price discovery process.
Subject to regulatory approvals, Sonaselection India Limited proposes to list its equity shares on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The company has disclosed its revenue, profitability, and net worth details for recent financial years in the DRHP. Investors are advised to review the DRHP for complete audited financial information and risk disclosures.
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