SonaSelection India IPO Day 4: GMP ₹2
Well folks, we’ve reached Day 4 of the SonaSelection India IPO subscription period, and the numbers are, shall we say, still finding their feet. With the IPO closing on September 21st, 2026, the final push is on. Let’s dive into what the latest subscription figures and the Grey Market Premium (GMP) are telling us about this mainboard offering on the NSE.
| Date | GMP | Est. Listing |
|---|---|---|
| 19 Sep | +₹2 | ₹101 |
| 18 Sep | +₹2 | ₹101 |
| 17 Sep | +₹7 | ₹106 |
| 16 Sep | +₹8 | ₹107 |
Subscription Status
As of Day 4, the subscription numbers for SonaSelection India are looking quite subdued across the board. We’re seeing 0x subscription in the Retail Investor (RI) category, 0x in the Non-Institutional Investor (NII) category, and a flat 0x in the Qualified Institutional Buyer (QIB) segment. The total subscription stands at a humble 0x. This is certainly a point of observation for potential investors. Typically, by Day 4, we’d expect to see some traction, especially in the retail and NII portions. The lack of immediate overwhelming demand doesn’t necessarily spell doom, but it does indicate a cautious market sentiment or perhaps that investors are waiting for the final day’s rush. The QIB subscription, in particular, is a key indicator of institutional confidence. Its current status suggests they’re either holding back their bids or are yet to be significantly convinced. The lot size for this IPO is 150 shares, and with an issue price of ₹99 per share, it’s important to keep these figures in mind when assessing the overall investment opportunity.
| Category | Subscription | Progress |
|---|---|---|
| Retail | 2.50x | |
| NII / HNI | 2.00x | |
| QIB | 1.16x | |
| Total | 2.50x |
GMP Update
Moving on to the Grey Market Premium (GMP), the current GMP for SonaSelection India IPO is ₹2. This is unchanged from yesterday’s ₹2. The GMP is a key unofficial indicator of market sentiment and reflects how much investors are willing to pay over the issue price in the unofficial market. A GMP of ₹2 suggests a very modest premium. When we consider the issue price of ₹99, the expected listing price hovers around ₹101. While a positive GMP is always encouraging, a low one like this indicates that the market isn’t anticipating a massive surge on listing day. It’s a sign of stability, perhaps, rather than explosive growth. Yesterday’s GMP also stood at ₹2, meaning there’s been no shift in the market’s perception of the stock’s immediate post-listing value. This could be a double-edged sword: it might deter speculative investors looking for quick, high gains, but it could also appeal to long-term investors who see value beyond the immediate listing hype.
Should You Apply?
So, the big question: should you be applying for the SonaSelection India IPO? That’s a decision that requires careful consideration of all the available data. On one hand, the subdued subscription numbers and the low GMP of ₹2 suggest that the IPO isn’t generating immense buzz right now. This could mean less competition from other applicants, potentially improving your chances of allotment if you do decide to apply. The expected listing price of ₹101, just ₹2 above the issue price, indicates a conservative market expectation. However, it’s crucial to remember that GMP is an unofficial indicator and can fluctuate. SEBI registered advisors often recommend looking beyond just GMP and subscription figures. They emphasize thorough research into the company’s fundamentals, its business model, future prospects, and the industry it operates in. If SonaSelection India has a strong business case and promising growth potential, even a muted IPO subscription could present a good entry point for long-term investors. The IPO period runs until September 21st, 2026, so there’s still time to make an informed decision. Don’t rush; do your homework!