Choice Capital Advisors Pvt. Ltd.

Company Profile

Incorporated in February 2022, the company is an integrated textile manufacturer headquartered in Bhilwara, Rajasthan, specializing in high-quality fabrics and custom processing services. Transitioning to a manufacturing-led model following the acquisition of a textile unit and the commissioning of a cotton fabric processing plant in July 2024, the business produces pure cotton, cotton lycra, and various polyester blends.

Operating from a 49,540-square-meter facility with an annual installed processing capacity of 82.44 million meters, the company handles bleaching, dyeing, and finishing. By combining direct manufacturing with job-work processing for customer-supplied greige fabric, it maintains strict quality control, grading, and logistics management to deliver cost-effective, specification-driven solutions.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Healthy track record and steady growth.
• Strong customer relationships and high customer retention.
• Strategically located manufacturing facility with modern technology.
• Experienced Promoters supported by a professional management team.
• Integrated business model combining manufacturing and job-work activities.

The Company SONASELECTION INDIA LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Repayment and/or pre-payment, in full or part, of certain borrowings (Rs. 80.00 Cr.)
• Funding of capital expenditure towards purchase of plant and machineries (Rs. 50.61 Cr.)
• General Corporate Purposes

At the upper band of IPO Rs. 99, the stock is valued at 16.53 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.