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IPO Details

IPO Date [.]
Listing Date [.]
Face Value ₹5 per share
Price Band
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Total Issue Size 67,50,000 shares
(agg. up to ₹[.] Cr)
Fresh Issue 54,00,000 shares
(agg. up to ₹[.] Cr)
Offer for Sale 13,50,000 shares of ₹5
(agg. up to ₹[.] Cr)
Share Holding Pre Issue 1,69,69,605 shares
Share Holding Post Issue 2,23,69,605 shares

 

IPO DRHP Status

Description Date
Filed with SEBI/Exchange Wed, Sep 30, 2026

Issue Reservation

Investor Category Shares
QIB Not more than 50% of the Net Offer
Retail Not less than 35% of the Net Offer
NII Not less than 15% of the Net Offer

About Sarva Foam Industries Ltd.

Incorporated in 2021, Sarva Foam Industries Limited is a specialized manufacturer and trader of rebonded polyurethane (“PU”) foam, operating a circular-economy business model that converts PU foam trims and off-cuts into value-added rebonded foam products.

The Company is the largest rebonded PU foam player in India with an estimated market share of around 33% in Fiscal 2026, as well as the largest exporter of rebonded PU foam products in India (Source: D&B Report).

The Company operates across three primary product segments: (i) Rebonded Foam Sheets, which are precision-cut sheets used for mattresses, furniture, and flooring; (ii) Rebonded Foam Blocks, which are high-density engineered blocks designed for industrial conversion; and (iii) Rebonded Carpet Underlays, which are continuous rolls used for carpet, sports, and acoustic flooring.

The Company supplies its products to prominent brands including Duroflex Limited, Sheela Foam Limited, Infinity Flooring, Repose Mattress Private Limited, Restin Industries, and Shrikrishna Enterprises.

The Company operates through four strategically located manufacturing facilities in India, comprising one unit in Northern India at Dadri, Uttar Pradesh, one unit in Western India at Silvassa, Dadra & Nagar Haveli, and two units in Southern India at Krishnagiri, Tamil Nadu. As of March 31, 2026, its aggregate installed manufacturing capacity stood at 15,500 MTPA.

In addition to manufacturing, the Company engages in the trading of raw materials such as various grades of foam binders, foam trims, and carpet underlay accessories, as well as finished products including rebonded foam blocks and rebonded carpet underlays.

The Company expands its international presence through two foreign entities incorporated in England and Wales: its foreign subsidiary, Sarva Global Ventures Ltd, and step-down subsidiary, Sarva Foam UK Ltd. Through Sarva Foam UK Ltd, the Company undertakes trading operations for rebonded carpet underlay accessories.

As of August 31, 2026, the Company had a total workforce of 101 full-time employees on a consolidated basis—including 41 in production and manufacturing, 4 in sales and marketing, and 5 in quality control—alongside 368 contract labourers engaged in operations.

Company Financials (Restated Consolidated)

Sarva Foam Industries Ltd.’s revenue increased by 19% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2026 and March 31, 2025.   (Amount in ₹ Crore)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 223.02 112.39 62.31
Total Income 208.78 175.15 132.61
Profit After Tax 17.93 10.36 6.96
EBITDA 33.09 23.52 12.26
NET Worth 71.09 18.96 15.25
Total Borrowing 98.73 62.07 33.92

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Company Issue Type Issue Size Issue Price PE Ratio Listing Day Close Listing Gain/Loss % LTP
Manika Plastech Ltd. Mainboard ₹125.50 Cr ₹43 18.22 ₹43.14 +0.33% ₹41.98

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # Issue Objects
    Est Amt (₹ Cr.)
  • 1 Funding capital expenditure requirement of the Company for setting up of a manufacturing facility of rebonded polyurethane (“PU”) foam products (“Proposed Project
    90.00
  • 2 Repayment and/or pre-payment, in part or full, of certain borrowings availed by the Company
    30.00
  • 3 General corporate purposes
  • Total
    120.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026
ROE 39.2%
ROCE 22.17%
Debt/Equity 1.39
RoNW 24.83%
EBITDA Margin 16.05%
NAV 48.57

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 10.56 8.01

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 82.65% 56.66%
Public 17.35% 43.34%
Total 100% 100%

Company Promoter: Kunal Giani

Offer For Sale – Selling Shareholder

Name Category No. of Shares Offered
Kunal Giani Promoter 13,50,000
Total 13,50,000

IPO Registrar

Bigshare Services Pvt.Ltd.

  • 8657578989/8069219065/8069219060
  • ipo@bigshareonline.com
  • Visit Website

IPO Lead Manager(s)

  1. Beeline Capital Advisors Pvt.Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Sarva Foam Industries Ltd. Address
2 nd Floor Commercial Building,
E-8 Extension,
Aakriti Eco city, Misrod Huzur
Bhopal, Madhya Pradesh, 462026

IPO FAQs

Sarva Foam Industries IPO is a main-board IPO of 67,50,000 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Sarva Foam Industries IPO open and close dates are not available as of now.

Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Sarva Foam Industries IPO using UPI as a payment gateway. Angel One customers can apply in Sarva Foam Industries IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Sarva Foam Industries IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Sarva Foam Industries IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Sarva Foam Industries IPO dates are not announced. Please check back again after some time.

Sarva Foam Industries IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Sarva Foam Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Sarva Foam Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sarva Foam Industries IPO allotment status.

The Sarva Foam Industries IPO listing date is not yet announced. The tentative date of listing is .

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