Sheela Foam Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,493,149 (50%) | — | ₹25,500 Cr |
| NII (HNI) | — | 1,047,946 (15%) | — | ₹7,650 Cr |
| Retail | — | 2,445,206 (35%) | — | ₹17,850 Cr |
| Σ Total | — | 6,986,301 (100%) | — | ₹510,000 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 | 20 | ₹14,600 |
| Retail (Max) | 13 | 260 | ₹189,800 |
| S-HNI (Min) | 14 | 280 | ₹204,400 |
| B-HNI (Min) | 67 | 1,340 | ₹978,200 |
Financial Statements Amount In Crore
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue | 1,286 | 1,150 | 1,011 |
| Profit After Tax | 90 | 34 | 25 |
| Total Assets | 646 | 540 | 471 |
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
- 1 To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of 6,986,301*Equity Shares by the Selling Shareholder –
Company Overview
Incorporated in 1971, Sheela Foam Ltd is a leading manufacturer of mattresses and other foam-based home comfort products in India. They sell their products under the brand Sleepwell, Feather Foam, and Lamiflex.
Sheela Foam offers mattresses, pillows, mattress protectors, bolsters, back cushions, sofa-cum beds, bed-sheets, and baby care sheets, as well as furniture cushioning products. Company's products are mainly used in residential purpose, hotels, hospitals, and educational institutions. They sell its products through distributors, retail dealers, and multi-branded outlets, as well as exports its products to approximately 32 countries. They have pan India distribution network that consists of over 100 exclusive distributors, over 2,000 exclusive retail dealers and over 2,500 multi-brand outlets, as on March 31, 2016
Competitive Strengths:
1. Well recognised and established brand built over consistent quality and innovation
2. Extensive and well developed pan-India salesand distribution network
3. Quality manufacturing capabilities and technological innovation
4. Integrated operations and economies of scale
5. Well qualified and professional management