Sonaselection India Files IPO Papers for Debt Reduction, Capex

• Sonaselection India filed draft IPO papers with SEBI to raise funds for debt reduction and capital expenditure.
• The IPO comprises a fresh issue of 1.43 crore equity shares, with no offer-for-sale component.
• The company plans to use Rs 80 crore from the IPO for partial debt repayment and Rs 47.6 crore for new plant and machinery.
• Sonaselection India reported strong FY25 financials, with profit up 41.8% to Rs 18.6 crore and revenue surging 161.2% to Rs 316 crore.
• Incorporated in 2022, the company has transitioned to a manufacturing model and expanded into readymade garments.

Why It Matters: This IPO shows a textile company's plan for growth and financial stability.