Sham Foam IPO
Price Band
₹130 – ₹130
Issue Size
₹40.48 Cr
Issue Dates
11 Aug – 13 Aug 2026
Listing Date
18 Aug 2026
About Sham Foam Limited
Engaged in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU Foam), mattresses, and allied home comfort products, primarily for the Indian market. Also produces industrial-grade PU foam used across multiple industries, including furniture, apparel, sports goods, and automotive applications. Diversified product portfolio includes mattresses, pillows, cushions, furniture cushioning, and PU foam cores. Specializes in customized PU foam and mattress solutions tailored to specific customer requirements. Mattresses are marketed under the Featherfresh and Restivia brands, offering pure foam and hybrid variants (spring and rebonded foam) with customization options; pillows and cushions are primarily sold under the Featherfresh brand. A vertically integrated company managing the entire value chain from product design and engineering to manufacturing, distribution, and customer engagement. Operates a 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. Operates across 13 states including Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand.
IPO Details
| Price Band | ₹130 – ₹130 |
| Face Value | ₹10 |
| Issue Size | ₹40.48 Cr |
| Fresh Issue | ₹40.48 Cr |
| Total Shares Offered | 31,14,000 |
| Listed On | BSE |
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); and To meet General Corporate Purposes (₹6.04 Cr). Total estimated: ₹35.01 Cr.
Key Financial Metrics
EPS (Basic)
₹10.33
P/E Ratio
12.58x
ROE
51.53%
ROCE
45.73%
Debt / Equity
0.19
Financial Performance
| Particulars (₹ Cr) | FY2024 (Mar 31, 2024) | FY2025 (Mar 31, 2025) | FY2026 (Mar 31, 2026) |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 4.43 | 4.69 | 11 |
| PAT | 2.97 | 3.58 | 8.65 |
| Total Assets | 33.55 | 36.58 | 49.32 |
| Net Worth | 8.88 | 12.46 | 21.11 |
| Total Borrowings | 10.11 | 9.22 | 3.99 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail_min | 2 × 2000 | ₹2,60,000 | — |
| retail_max | 2000 shares | — | ₹2,60,000 |
| shni_min | 3 × 3000 | ₹3,90,000 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| NII (HNI) | 47.5% | No |
| Retail | 47.5% | Yes |
| Market Maker | 5.01% | No |
Registrar & Lead Managers
Registrar
Lead Managers (2)
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Sham Foam IPO (this IPO) | — | 149.38 | ₹10.33 | 12.58x | 51.53% |
| Wakefit Innovations Ltd. (Issue Size ₹1,288.89 Cr, Issue Price ₹195, Listing Gain -1.39%, LTP ₹127.17) | Yes | — | — | -171.29x | — |
| Euro Pratik Sales Ltd. (Issue Size ₹451.31 Cr, Issue Price ₹247, Listing Gain +0.56%, LTP ₹323.15) | Yes | — | — | 33.02x | — |
Frequently Asked Questions
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