Sonaselection India IPO Day 3: Latest GMP, Subscription Status, and Essential Insights Revealed!

The Sonaselection India IPO has entered its final day of bidding with a moderate reception from investors thus far. As of Day 2, the issue was subscribed 90% overall, with a notable 1.29 times subscription in the retail segment, suggesting stronger interest among smaller investors. The IPO, which aims to raise ₹141.57 crore by offering fresh equity shares priced between ₹94 and ₹99, is set to close on September 21, 2026. The shares are expected to be allotted on September 22 and tentatively listed on both the NSE and BSE on September 24.

In the grey market, Sonaselection India has a current Grey Market Premium (GMP) of ₹2, reflecting a modest 2% premium over the upper limit of the IPO price band. While this suggests a potential listing at approximately ₹101 per share, it is important to note that GMP serves as an unofficial predictor and may not accurately forecast the actual listing price. The subscription data indicates significant retail interest but relatively weaker participation from non-institutional and qualified institutional investors.

For Indian investors, the Sonaselection India IPO presents an intriguing opportunity, especially considering the positive financial performance reported by the company. With total income increasing by 64% in FY26 and an impressive PAT growth of 83%, the fundamentals appear strong. However, investors should approach with caution, considering the overall moderate demand reflected in the subscription statistics and the modest GMP. Key to making informed decisions will be the ongoing market conditions leading up to the listing date.

Source: The Economic Times

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