{
  "id": 9516534,
  "title": "Sonaselection India Makes a Strong Market Entry With Over 3% Premium, Shares Hit Upper Circuit",
  "url": "https://urgent.news/2026/09/24/sonaselection-india-makes-a-strong-market-entry-with-over-3-premium",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T07:04:27.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/sonaselection-india-makes-a-strong-market-entry-with-over-3-premium-shares-hit-upper-circuit"
  },
  "original_language": "en",
  "account": "Mumbai: Sonaselection India Ltd experienced a robust market debut on Thursday, September 24, initially trading 3% above its IPO price of ₹99. The company's shares surged to the upper circuit limit on both the BSE and NSE, with the BSE price reaching ₹107.09, a 8.17% increase from the issue price. On the NSE, shares opened at ₹102.31, representing a 3.34% premium, and climbed to ₹107.42, an 8.50% gain from the IPO price. The IPO, valued at ₹608.58 crore, garnered a 2x subscription, underscoring strong investor interest. Sonaselection India, established in 2022, specializes in fabric manufacturing and processing in Bhilwara, Rajasthan, a key textile hub. The company intends to utilize IPO funds for debt repayment, plant upgrades, and general business expenses.",
  "summary": "Mumbai: Shares of Sonaselection India Ltd made a positive stock market debut on Thursday, September 24, listing more than 3% above their IPO issue price of ₹99. The textile company’s shares later climbed to the upper circuit limit on both the BSE and NSE . On the BSE, Sonaselection India shares opened at ₹102, a gain of about 3% over the issue price. The stock then rose to ₹107.09, its upper…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}