Sonaselection India Ltd. opened its IPO for subscription on Thursday, September 17. The issue is expected to raise around Rs.142 crore, with the price band fixed at Rs.94–99 per share.
The IPO will remain open until September 21. The issue has reserved 50% of the shares for qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors. Grey-market indications reported before the opening suggested a premium, although such unofficial market indications can change and are not a guarantee of listing performance.
