Sonaselection India IPO Launches Today with 7% GMP Indicating Strong Listing Premium—Essential Details Inside!

The Sonaselection India IPO is set to make its market debut with subscriptions opening today, September 17, and closing on September 21, 2026. The Rs 141.57-crore public issue consists entirely of a fresh issue of 1.43 crore equity shares, with no offer-for-sale component. The price band for the IPO has been set between Rs 94 and Rs 99 per share, requiring a minimum investment of Rs 14,850 for retail investors looking to bid in lots of 150 shares. The allotment is expected to conclude on September 22, with the shares tentatively slated for listing on September 24 on both the NSE and BSE.

Current grey market sentiment shows a positive outlook, with the Sonaselection India IPO commanding a Grey Market Premium (GMP) of Rs 7, equating to a 7% premium over the upper end of the price band. This reflects optimistic investor sentiment, suggesting a potential listing price of approximately Rs 106 per share. It is important to note that while the GMP serves as an informal indicator of market sentiment, it is not regulated and may fluctuate, which could impact actual listing outcomes.

The implications for Indian investors are noteworthy. A positive listing sentiment indicates potential gains for those participating in the IPO. With strong financial results reported for FY26 and plans for utilizing proceeds for debt reduction and capital expenditure, investors might find the business model of Sonaselection India appealing. However, potential investors are urged to weigh the risks in light of market conditions on the day of listing.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)