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IPO Open

Tue, Aug 11, 2026

IPO Close

Thu, Aug 13, 2026

Price Band

₹130 per share

Market Cap (Pre-IPO)

₹149.38 Cr

IPO Details

  • IPO Date
    11 to 13 Aug, 2026
  • Listing Date
    Tue, Aug 18, 2026
  • Face Value
    ₹10 per share
  • Issue Price
    ₹130 per share
  • Lot Size
    1,000 Shares
  • Sale Type
    Fresh capital Only
  • Issue Type
    Fixed Price IPO
  • Listing At
    BSE SME
  • Total Issue Size
    31,14,000 shares (agg. up to ₹40 Cr)
  • Reserved for Market Maker
    1,56,000 shares (agg. up to ₹2 Cr)
  • Fresh Issue (Ex Market Maker)
    29,58,000 shares (agg. up to ₹38 Cr)
  • Net Offered to Public
    29,58,000 shares (agg. up to ₹38 Cr)
  • Share Holding Pre Issue
    83,76,750 shares
  • Share Holding Post Issue
    1,14,90,750 shares

IPO Timetable (Tentative)

  • IPO Open
    Tue, Aug 11, 2026
  • Allotment
    Fri, Aug 14, 2026
  • Credit of Shares
    Mon, Aug 17, 2026
  • IPO Close
    Thu, Aug 13, 2026
  • Refund
    Mon, Aug 17, 2026
  • Listing
    Tue, Aug 18, 2026

Issue Reservation

Investor Category Shares
Retail Not more than 50% of the net issue
NII Not more than 50% of the net issue

IPO Lot Size

Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.

Application Lots Shares Amount
Individual investors (IND) (Min) 2 2,000 ₹2,60,000
Individual investors (IND) (Max) 2 2,000 ₹2,60,000
HNI (Min) 3 3,000 ₹3,90,000

About Sham Foam Ltd.

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 our 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.

Company Financials (Restated)

(Amount in ₹ Crore)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 38.05 36.58 33.55 27.68
Total Income 37.97 81.62 73.89 80.53
Profit After Tax 3.19 3.58 2.97 0.70
EBITDA 4.07 4.69 4.43 1.34
NET Worth 15.66 12.46 8.88 1.71
Reserves and Surplus 7.28 4.25 8.70 1.61
Total Borrowing 7.12 9.22 10.11 18.40

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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 To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility
    13.72
  • 2 To part finance the requirement of Working Capital
    14.25
  • 3 To meet General corporate purposes
  • Total
    27.97

Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Mar 31, 2026 Mar 31, 2025
ROE 51.53% 33.56%
ROCE 45.73% 22.56%
Debt/Equity 0.74
RoNW 40.97% 28.74%
PAT Margin 9.37% 4.41%
EBITDA Margin 11.91% 5.78%
NAV 25.21 14.88
Price to Book Value 5.16 8.74

 

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 4.28 5.56
P/E (x) 30.37 23.38
Market Cap at Offer Price ₹109Cr. ₹149.38 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2025 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 100% 72.9%
Public 27.10%
Total 100% 100%

Company Promoters: Rajinder Kumar Jindal, Sanjeev kumar Jindal, Monica Jindal, Deepika Jindal and Charming Fashions Pvt.Ltd..

IPO Registrar

Alankit Assignments Ltd.

IPO Lead Manager(s)

  1. Corporate Makers Capital Ltd.
  2. Navigant Corporate Advisors Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Sham Foam Ltd. Address
Khasra No. 18/16/2, Shahzadpur Yamunanager Road,
NH-344, Village Rajpura,
Tehsil Shahzadpur,
Ambala, Haryana, 134202

IPO FAQs

Sham Foam IPO is a SME IPO of 31,14,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.

The IPO opens on Tue, Aug 11, 2026, and closes on Thu, Aug 13, 2026.

Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

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

Steps to apply in Sham Foam IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Sham Foam 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 Sham Foam IPO opens on Tue, Aug 11, 2026 and closes on Thu, Aug 13, 2026.

Sham Foam IPO lot size is 1000, and the minimum amount required for application is ₹2,60,000, with 2 lots being the minimum application size.

You can apply in Sham Foam 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 Sham Foam IPO will be done on Friday, August 14, 2026, and the allotted shares will be credited to your demat account by Mon, Aug 17, 2026. Check the Sham Foam IPO allotment status.

The Sham Foam IPO listing date is not yet announced. The tentative date of listing is Tue, Aug 18, 2026.

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