Sham Foam IPO- Company Analysis
Sham Foam IPO under the SME IPO category is a fixed-price issue of Rs. 40.48 Cr by Sham Foam Limited, which is in the production, marketing, distribution, and sales of mattresses, polyurethane foam (PU Foam), and related home comfort items, mostly for the Indian market.
Mattresses, pillows, cushions, furniture cushioning, and PU foam cores used in home comfort items are all part of its diverse product line. Its mattresses, which are sold under the Featherfresh and Restivia names, come in pure foam and hybrid (spring and rebonded foam) varieties that can be customized. Generally marketed under the Featherfresh brand, pillows and cushions are made with different foam densities for improved comfort and longevity.
The business oversees every step of the value chain, from product design and engineering to manufacture, distribution, and customer interaction, because it is vertically integrated.
Sham Foam IPO Details
The Sham Foam IPO date of opening is 11 Aug 2026; its initial public offering will end on 13 Aug, IPO allotment on Aug 14 and refund initiation on Aug 17, 2026.
The Rs. 40.48 crore new SME IPO comprises a wholly fresh issue of 0.31 crore shares.
The Sham Foam IPO listing date (expected) might be Tuesday, Aug 18, 2026, and the listing on the BSE and SME.
The Sham Foam IPO price band is Rs. 130.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Aug 11, 2026 |
|
IPO Closing Date |
Aug 13, 2026 |
|
IPO Allotment Date |
Aug 14, 2026 |
|
Refund Initiation |
Aug 17, 2026 |
|
IPO Listing Date |
Aug 18, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
49.32 |
36.58 |
33.55 |
|
Total Income |
92.39 |
81.62 |
73.89 |
|
Profit After Tax |
8.65 |
3.58 |
2.97 |
|
EBITDA |
11.00 |
4.69 |
4.43 |
|
Net Worth |
21.11 |
12.46 |
8.88 |
|
Reserves and Surplus |
12.74 |
4.25 |
8.70 |
|
Total Borrowing |
3.99 |
9.22 |
10.11 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
1,277.71 |
21.64 |
730.2 |
|
Net Cash Flow Investing Activities |
(210.43) |
(30.55) |
(71.87) |
|
Net Cash Flow Financing Activities |
(527.85) |
(96.47) |
(400.27) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
To finance the Capital expenditure requirements for civil construction and purchase of machinery and equipment for the existing manufacturing facility. ~ Rs. 14.72 Cr.
-
To part-finance the requirement of Working Capital. ~ Rs. 14.25 Cr.
-
General Corporate Purposes. ~ Rs. 6.04 Cr.
Listed Peers of Sham Foam Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (Rs. ) |
PE Ratio (x) |
|
Sheela Foam Limited (on standalone basis) |
5 |
11.96 |
64.50 |
|
Wakefit Innovations Ltd (on standalone basis) |
1 |
6.03 |
21.22 |
Valuation
|
KPI |
Value (Mar 31, 2026) |
|
ROE |
51.53% |
|
ROCE |
45.73% |
|
Debt/Equity |
0.19 |
|
RoNW |
40.97% |
|
PAT Margin |
9.37% |
|
EBITDA Margin |
11.91% |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 10.33 from the last year, the resulting P/E ratio is 12.58x.
Explore the Optimystix Entertainment IPO.
IPO's 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.
IPO's Weaknesses
-
Litigation Risk
-
Raw Material & Supplier Risk
-
Manufacturing & Safety Risk.
Sham Foam IPO GMP
Sham Foam IPO GMP today is Rs. 0 as of 10 August 2026, while writing this information.
Sham Foam IPO Summary
|
IPO Opening & Closing Date |
11 Aug, 2026 to 13 Aug, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 130 per Share. |
|
Lot Size |
1000 Shares |
|
Issue Size |
31,14,000 Shares (Rs. 40 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
29,58,000 Shares (Rs. 38 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Fixed price Issue |
|
Registrar |
Corporate Makers Capital Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2000 Shares) for Rs. 2,60,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3000 Shares) for Rs. 3,90,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Sham Foam IPO Allotment Status
To check the Sham Foam IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Sham Foam Ltd.
-
Rajinder Kumar Jindal
-
Sanjeev Kumar Jindal
-
Monica Jindal
-
Deepika Jindal
-
Abhinav Jindal
-
Kunal Jindal
-
Charming Fashions Pvt. Ltd.
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
72.9% |
IPO Lead Managers
- Corporate Makers Capital Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Sham Foam IPO offers investors exposure to India’s growing mattress, PU foam, and home-comfort products market, supported by improving profitability and lower borrowings. The IPO’s valuation, business strengths, expansion plans, and financial performance should be evaluated alongside risks related to raw materials, manufacturing, and litigation.
Other Related Blogs:-
Gulf Lloyds IPO
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to provide all the required details about the company you should know before applying for the IPO.
You must consult your financial advisor before making any financial decisions.
To Apply for the IPO, Click Here.
To read the Prospectus of the company, click here to download the DRHP.
Click Here To Stay Updated With The Upcoming IPOs.
DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
