Sonaselection India IPO
Sonaselection India Limited (SONA) · mainboard IPO on NSE and BSE · Book Building. Listed on 24 September 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.7% (likely range -16% to +1%), day's high 0.0%, chance of a gain 33%. Actual: +3.3% at the open, +8.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 28,60,000 | 33,25,800 | 1.16x | |
| NII (HNI) total | 21,45,000 | 42,80,250 | 2.00x | |
| Big NII (above ₹10 lakh) | 14,30,000 | 28,78,500 | 2.01x | |
| Small NII (₹2-10 lakh) | 7,15,000 | 14,01,750 | 1.96x | |
| Retail | 50,05,000 | 1,25,34,150 | 2.50x | |
| Total | 1,00,10,000 | 2,01,40,200 | 2.01x |
Bids on NSE and BSE together, as published by NSE, as of 21 Sep 2026, 07:00 PM. Shares offered exclude the anchor portion. 56% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Sonaselection India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Laxmi India FinanceJul 2025 | 1.30x | 1.84x | 2.22x | 1.87x | ₹254 Cr | -13.0% | -7.2% |
| CSM TechnologiesJun 2026 | 1.02x | 1.54x | 1.62x | 1.36x | ₹204 Cr | 0.0% | 0.0% |
| Karda ConstructionsMar 2018 | 1.55x | 3.44x | 2.01x | 2.54x | ₹89.0 Cr | -24.4% | -20.7% |
| Alpine TexworldJul 2026 | 1.09x | 1.09x | 1.54x | 1.40x | ₹128 Cr | 0.0% | 0.0% |
| Annu ProjectsAug 2026 | 1.72x | 3.55x | 2.68x | 2.93x | ₹201 Cr | -27.3% | -23.6% |
| Fabtech TechnologiesOct 2025 | 2.02x | 1.97x | 2.08x | 2.03x | ₹402 Cr | +0.5% | +0.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Choice Capital Advisors | 9 | +24.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Sonaselection India IPO price band and lot size? ₹94.0–99.0 per share, with a lot of 150 shares, so the smallest retail bid is ₹14,850.
How many times has it been subscribed? 2.01x overall: QIB 1.16x, NII 2.00x, retail 2.50x.
How did it list? It opened at ₹102, +3.3% against the issue price of ₹99.0, and closed its first day +8.5%.
