Sham Foam IPO

Open for SubscriptionSME

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.

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IPO Details

Price Band₹130 – ₹130
Face Value₹10
Issue Size₹40.48 Cr
Fresh Issue₹40.48 Cr
Total Shares Offered31,14,000
Listed OnBSE

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
EBITDA4.434.6911
PAT2.973.588.65
Total Assets33.5536.5849.32
Net Worth8.8812.4621.11
Total Borrowings10.119.223.99

Valuation

Market Capitalisation

Pre-IPO₹109 Cr
Post-IPO₹149.38 Cr

P/E Ratio

Pre-IPO12.58x
Post-IPO17.26x

Promoter Holding

Pre-IPO100%
Post-IPO72.9%

Public Holding

Pre-IPO0%
Post-IPO27.1%

Lot Size & Allocation

Investment by Category

CategoryLot SizeMin InvestmentMax Investment
retail_min2 × 2000₹2,60,000
retail_max2000 shares₹2,60,000
shni_min3 × 3000₹3,90,000

Reservation / Allocation

CategoryAllocationCut-off
NII (HNI)47.5%No
Retail47.5%Yes
Market Maker5.01%No

Registrar & Lead Managers

Registrar

Alankit Assignments Ltd.

Lead Managers (2)

Corporate Makers Capital Ltd
Navigant Corporate Advisors Ltd.

Peer Comparison

CompanyListedMkt Cap (₹ Cr)EPS (₹)P/EROE %
Sham Foam IPO (this IPO)149.38₹10.3312.58x51.53%
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)Yes33.02x

Frequently Asked Questions

5 questions about Sham Foam IPO IPO

Sham Foam IPO is an SME IPO of 31,14,000 equity shares of face value ₹10 aggregating up to ₹40 Crores. The issue is priced at a fixed price of ₹130 per share, with a minimum order quantity of 1,000 shares. The IPO opens on Aug 11, 2026 and closes on Aug 13, 2026. Alankit Assignments Ltd. is the registrar, and the shares will be listed on BSE SME.

Important Dates

Issue Opens11 Aug 2026
Issue Closes13 Aug 2026
Allotment14 Aug 2026
Refund Initiation17 Aug 2026
Demat Credit17 Aug 2026
Listing Date18 Aug 2026

Live GMP

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