Sham Foam Limited logo

IPO details · Updated

Sham Foam Limited

ClosedSMEBSE: 544869
Check Allotment
Price Band
₹130
Lot Size
1,000 shares
Min. Investment
₹1,30,000
Issue Size
₹40.48 Cr
Offer Dates
11 Aug – 13 Aug 2026
Listing
18 Aug 2026

Issue Details

Full details →
Total Issue Size
₹40.48 Cr
31,14,000 shares
Fresh Issue
₹40.48 Cr
31,14,000 shares
Offer for Sale
₹0 Cr
Face Value
₹10 per share
Issue Type
Book-built IPO
Listing At
BSE SME
Shares Pre-Issue
83,76,750
Shares Post-Issue
1,14,90,750

IPO Timeline

  1. Offer opens

    11 Aug 2026

  2. Offer closes

    13 Aug 2026

  3. Allotment

    14 Aug 2026

  4. Listing

    18 Aug 2026

Issue Allocation

Share of the offer reserved for each investor category

  • HNI47.5%14,79,000 shares
  • Retail47.5%14,79,000 shares
  • MarketMaker5.0%1,56,000 shares

Subscription Status

Times subscribed by investor category

CategoryOfferedBidsSubscribed
NII14,79,00032,09,430
2.17x
Retail14,79,00038,74,980
2.62x
Total29,58,00070,84,410
2.40x

Lot Size & Investment

1 lot = 1,000 shares

Retail (min)

2 lots · 2,000 shares

Retail (max)

2 lots · 2,000 shares

ApplicationLotsSharesAmount
Retail22,000₹2,60,000

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
PeriodMar-26Mar-25Mar-24
Assets49.3236.5833.55
Total Income92.3981.6273.89
Profit After Tax8.653.582.97
EBITDA114.694.43
Net Worth21.1112.468.88
Reserves & Surplus12.744.258.7
Total Borrowing3.999.2210.11

Key Performance Indicators

Key performance indicators
PeriodMar-26
ROE (%)51.53
ROCE (%)45.73
EPS (₹)10.33
P/E (pre-issue)12.58
P/E (post-issue)17.26

Peer Comparison

Listed companies in the same business

CompanyP/EROE
Sheela Foam Ltd.64.54.48%
Wakefit Innovations Ltd.21.2222.9%

About Sham Foam Limited

Incorporated in 2020, Sham Foam is engaged in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU Foam), mattresses, and allied home comfort products, primarily for the Indian market. In addition, it produces industrial-grade PU foam used across multiple industries, including furniture, apparel, sports goods, and automotive applications. Its diversified product portfolio includes mattresses, pillows, cushions, furniture cushioning, and PU foam cores used in home comfort products. The company specializes in customized PU foam and mattress solutions tailored to specific customer requirements. Its mattresses are marketed under the Featherfresh and Restivia brands, offering both pure foam and hybrid variants (spring and rebonded foam) with customization options. Pillows and cushions are primarily sold under the Featherfresh brand, designed with varying foam densities for enhanced comfort and durability. As a vertically integrated company, the company manages the entire value chain—from product design and engineering to manufacturing, distribution, and customer engagement. The company operates a state-of-the-art manufacturing facility in Ambala, Haryana, spanning over 2,04,460 sq. ft., certified with ISO 9001:2015 and BIS (IS 7933:2022). With an installed foam production capacity of 15,000 TPA, its facility is strategically located near key customer hubs, enabling efficient logistics, reduced lead times, and improved customer interaction. It operates across 13 states and is currently supplying its products in various cities in India, including Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand. Strengths: In-house manufacturing facility supported by technology driven process Extensive and well-developed pan-India sales and distribution network Long-standing relationship with dealers Focus on Quality and Timely Delivery. Experienced Promoters.

Objects of the Issue

  • To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility (₹14.72 Cr)
  • To part finance the requirement of Working Capital (₹14.25 Cr)
  • To meet General Corporate Purposes (₹6.04 Cr)

Promoters

  • <p>Rajinder Kumar Jindal
  • Sanjeev Kumar Jindal
  • Monica Jindal
  • Deepika Jindal
  • Abhinav Jindal
  • Kunal Jindal
  • Charming Fashions Pvt.Ltd.</p>

Company Information

Book running lead managers
  • Corporate Makers Capital Ltd.
  • Navigant Corporate Advisors Ltd.
Registered office
Khasra No. 18/16/2, Shahzadpur Yamunanager Road,, NH-344, Village Rajpura,, Tehsil Shahzadpur,, Ambala, Haryana, 134202
Market maker
JSK Securities & Services Pvt.Ltd.

Official Documents

Opens the source filing in a new tab

Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.