Sihora Industries IPO: Price, GMP, Analysis, And Details

Sihora Industries IPO - Company Analysis

Sihora Industries IPO under the SME IPO category is a fixed price issue of Rs. 10.56 Cr by Sihora Industries India Ltd., which was incorporated in 2023 and manufactures and sells narrow woven fabrics and industrial textiles, which include laces, tapes, elastics, ribbons, and zippers. 

The company operates from Surat, Gujarat, where its manufacturing facility was taken over from Sihora Narrow Fabrics. This facility is fitted with modern weaving machines and automated production lines.

The products serve the textile and garment industries for both domestic and export market use.

Sihora Industries IPO Details

The Sihora Industries IPO date is on 10 October 2025, and its initial public offering will end on 14 Oct with IPO allotment on Oct 15, and refund initiation on Oct 16, 2025.

The Rs. 10.56 crore new SME IPO comprises a wholly fresh issue of 0.16 crore shares.

The Sihora Industries IPO listing date (expected) might be on Friday, Oct 17, 2025, and listing at the BSE and SME. 

The Sihora Industries IPO price band is Rs. 66.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Oct 10, 2025
IPO Closing Date	Oct 14, 2025
IPO Allotment Date	Oct 15, 2025
Refund Initiation	Oct 16, 2025
IPO Listing Date	Oct 17, 2025

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	12.65	7.44	8.95
Total Income	15.06	11.62	12.10
Profit After Tax	1.87	0.60	0.30
EBITDA	3.29	1.72	1.17
Net Worth	5.26	3.80	0.13
Reserves and Surplus	1.53	2.71	-0.37
Total Borrowing	5.14	5.30	3.86

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	10 Aug’23 - 31 Mar’24	01 Apr’23 - 17 Oct’23	01 Apr’22 - 31 Mar’23
Net Cash Flow Operating Activities	(14.35)	49.98	127.01	(8.47)
Net Cash Flow Investing Activities	(209.98)	(273.08)	(0.19)	(0.38)
Net Cash Flow Financing Activities	224.39	223.14	(123.85)	(19.70)

Revenue Bifurcation

Product-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Financing capital expenditures for the acquisition of more equipment and plants. ~ Rs.  2 Cr.

• Full or partial return or prepayment of loans obtained by the business from banks and other financial institutions. ~ Rs. 2.58 Cr.

• To provide working capital needs. ~ Rs. 3.50 Cr.

• General Corporate Purposes. ~ Rs. 1.55 Cr.

 

Listed Peers of Sihora Industries Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Metric	Value
ROE	35.60%
ROCE	31.93%
Debt/Equity	0.98
RoNW	35.60%
PAT Margin	12.86%
EBITDA Margin	22.61%
Price to Book Value	4.68

 

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 5.02 from the last year, the resulting P/E ratio is 13.15x.

Explore the Mittal Sections IPO.

 

IPO's Strengths

• Knowledgeable managers and promoters.

• Operational efficiency.

• Economical manufacturing.

• Diversification of the Market.

 

IPO’s Weaknesses 

• Competitive textile segment with volatile raw material costs.

• Domestic market demand dependence; minor export activity.

• SME listing might limit trading liquidity after listing.

• Borrowing levels are relatively high compared to the equity base.
  
  

Sihora Industries IPO GMP (Grey Market Premium)

Sihora Industries IPO GMP today has not started yet, as of 09 Oct 2025 at the time of writing this information.

Sihora Industries IPO Summary

The Sihora IPO has a market maker portion size of 80,000 Shares (Rs. 0.528 Cr).

IPO Opening & Closing Date	10 Oct, 2025 to 14 Oct, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 66 per Share.
Lot Size	2000 Shares
Issue Size	16,00,000 Shares (Rs. 10.56 Cr)
Offer for Sale	-
Fresh Issue	16,00,000 Shares (Rs. 10.56 Cr)
Listing at	BSE, SME
Issue Type	Fixed Price Issue IPO
Registrar	Bigshare Services Pvt. Ltd.

 

 

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,64,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (6000 Shares) for Rs. 3,96,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

Sihora Industries IPO Allotment Status

To check the Sihora Industries 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 Sihora Industries Ltd.

• Mr. Gautam Vallabhbhai Sihora

• Mrs. Priyal Gautamkumar Sihora.
  
  

Pre-Issue Promoter Shareholding	100%
Post-Issue Promoter Shareholding	69.97%

 

IPO Lead Managers

• Sobhagya Capital Options Pvt. Ltd.

 

Dividend Policy

The company has not declared a dividend since its incorporation.

Conclusion

The Sihora Industries IPO will grant any investors who want access to a fast-growing SME textile company. Financially, Sihora is growing, and there is a clear expansion roadmap. Sihora is a long-term investment candidate because of a decent ROE (35.6%), higher margins, and a fairly priced P/E (13.15x).                                    

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to 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.

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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.