3 days ago
NSE and Sonaselection IPOs Reach Final Bidding Day Comparison
Two companies are accepting final applications for their IPOs.
An IPO is when a company offers shares to investors for the first time.
The NSE IPO has received more total bids than the number of shares available.
The Sonaselection India IPO has received fewer bids than the shares available so far.
NSE’s grey-market premium has fallen sharply to ₹48.
Sonaselection India’s grey-market premium is currently ₹0.
Based on these premiums, NSE may list slightly above its issue price, while Sonaselection may list around its issue price.
NSE plans to sell existing shareholders’ shares, while Sonaselection plans to use much of its proceeds to repay debt.
NSE IPO was subscribed 1.15 times, while Sonaselection India IPO reached 0.90 times subscription.
NSE’s retail portion was subscribed 0.69 times, compared with 1.29 times for Sonaselection’s retail segment.
NSE IPO’s GMP fell to ₹48, while Sonaselection India IPO’s GMP remained at ₹0.
Estimated listing prices are ₹1,833 for NSE and ₹99 for Sonaselection India.
NSE is an offer-for-sale issue, while Sonaselection India is a fresh issue seeking ₹141.57 crore.
- Who
- Investors bidding for the NSE IPO and Sonaselection India IPO.
- What
- The final day of bidding for two mainboard initial public offerings.
- Where
- The shares are proposed to be listed on Indian stock exchanges; Sonaselection India is proposed to list on the NSE and BSE.
- When
- Both issues opened on September 17 and are scheduled to close on September 21; the Sonaselection India details also state September 21, 2026.
- Why
- NSE is seeking to facilitate an offer for sale and list its shares on BSE, while Sonaselection India is raising funds partly to repay or pre-pay borrowings.
NSE IPO
Sonaselection India IPO
Investor demand
NSE IPO
NSE had stronger overall subscription at 1.15 times, with QIB and NII portions subscribed 1.32 and 1.46 times, respectively.
Sonaselection India IPO
Sonaselection India was subscribed 0.90 times overall; its retail portion was stronger at 1.29 times, while NII and QIB portions were at 0.60 and 0.46 times.
Grey-market outlook
NSE IPO
NSE’s GMP was ₹48 after falling from ₹285, implying an estimated listing price of ₹1,833, or 2.69% above the issue price.
Sonaselection India IPO
Sonaselection India’s GMP was ₹0, implying an estimated listing price of ₹99, in line with its upper issue price.
Use of proceeds
NSE IPO
NSE’s issue is entirely an offer for sale, so proceeds after expenses will go to selling shareholders; the offering is intended to enable listing on BSE.
Sonaselection India IPO
Sonaselection India’s issue consists entirely of fresh shares, with ₹80 crore planned for repayment or pre-payment of borrowings.
Key facts
- NSE subscription
- 1.15 times overall; 10.16 crore bids against 8.86 crore shares available
- Sonaselection subscription
- 0.90 times overall
- NSE GMP
- ₹48, down from ₹285
- Sonaselection GMP
- ₹0, with the reported range between ₹0 and ₹8
- NSE price band
- ₹1,700–₹1,785 per share; lot size of 8 shares
- Sonaselection price band
- ₹94–₹99 per share; lot size of 150 shares
- Sonaselection issue size
- ₹141.57 crore, consisting of 1.43 crore fresh equity shares
- NSE issue structure
- Entirely an offer for sale; proposed offer size reduced to 12.644 crore shares
Sources
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