Sham Foam Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | 2.17x | 1,479,000 | 3,210,000 | ₹19 Cr |
| Retail | 2.62x | 1,479,000 | 3,874,000 | ₹19 Cr |
| Market Maker | — | 156,000 | — | ₹2 Cr |
| Σ Total | 2.40x | 2,958,000 | 7,091,000 | ₹38 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹130,000 |
| Retail (Max) | 13 | 13,000 | ₹1,690,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,820,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,710,000 |
Financial Statements Amount in Rs Cr
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 92 | 82 | 74 |
| EBITDA | 11 | 5 | 4 |
| Profit After Tax | 9 | 4 | 3 |
| Net Worth | 21 | 12 | 9 |
| Total Assets | 49 | 37 | 34 |
| Reserves & Surplus | 13 | 4 | 9 |
| Total Borrowing | 4 | 9 | 10 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
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
- To part finance the requirement of Working Capital – 14.25
- To meet General Corporate Purposes – 6.04
Company Overview
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.