Sihora Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 760,000 (48%) | — | ₹502 Cr |
| Retail | — | 760,000 (48%) | — | ₹502 Cr |
| Market Maker | — | 80,000 (5%) | — | ₹5 Cr |
| Σ Total | — | 1,600,000 (100%) | — | ₹10,560 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 | 2,000 | ₹132,000 |
| Retail (Max) | 13 | 26,000 | ₹1,716,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,848,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,844,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 6 | 15 | 12 |
| EBITDA | 1 | 3 | 2 |
| Profit After Tax | 0 | 2 | 1 |
| Net Worth | 6 | 5 | 4 |
| Total Assets | 16 | 13 | 7 |
| Reserves & Surplus | 2 | 2 | 3 |
| Total Borrowing | 6 | 5 | 5 |
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
- Funding Capital Expenditure towards purchase of additional plant & machinery – 2.00
- Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial Institutions – 2.58
- To meet additional working capital requirements – 3.50
- General Corporate Purposes – 1.55
Company Overview
Incorporated in 2023, Sihora Industries Limited manufactures and sells narrow woven fabrics, lace, digitally printed fabrics, woven labels, tapes, zippers, elastics, and other textile products, including technical textiles, for fashion and industrial use.
Key products:
- Lace
- Rapier Looms (converted into Label Looms)
- Needle Looms
- Zipper
- Elastic
Other products in pipeline: PP – FDY Niwar Tape, Technical and Specialized Zipper.
Revenue: As on March 31, 2025, it has reported total revenue of Rs 1,456.20 lakhs with 55.20% revenue from Viscous Suit and Rapier Lace and Border, 28.55% from Zipper, 15.77% from Lace & Border Sales and 0.48% from Elastic Sales (commenced in Dec 2024)
Manufacturing Facility: It has an integrated manufacturing facility in Surat, Gujarat with end-to-end textile manufacturing processes, i.e., yarn processing, weaving, digital printing, embroidery, dyeing, and finishing—using modern technology alongside traditional craftsmanship.
Existing capacity and utilization (As on March 31, 2025):
- Narrow woven fabric: 7,86,240 meters with capacity utilization of 6,55,200 meters
- Zipper production: 5,72,460 kgs and actual utilization is 4,91,744 Kgs
- Elastic production: 34,320 Kgs and actual capacity utilization of 24,960 kgs
Key strengths
- Consistency in Quality Standards
- Strategic located manufacturing unit in Surat, Gujarat
- Experienced Promoters and Management Team
- Smooth flow of operations
- Cost effective production
- Market Diversification
- Scalable business model