SME
IPO ·
BSE SME
Sham Foam Ltd
Listed
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.
Issue details
Price band
₹130
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,60,000
Issue size
₹40.48 Cr
Fresh issue
₹38.45 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
11 Aug 2026
Closes
13 Aug 2026
UPI mandate cut-off
5:00 PM on 13 Aug 2026
Allotment
14 Aug 2026
Refunds
17 Aug 2026
Shares in demat
17 Aug 2026
Listing
18 Aug 2026
Subscription and listing
Subscription
2.39x
Listing price
₹104
Registrar
Alankit Assignments Ltd
Lead manager
Corporate Makers Capital, Navigant Corporate Advisors
Subscription by category
Total
2.39x
Total applications
2,869
Listing day
Issue price
₹130
Open
₹104.00
High
₹109.00
Low
₹98.80
Day close
₹98.80
Listing gain at open
-20.00%
Issue structure
Shares reserved per category and share of the total issue
NII
14,79,000
47.50%
Retail
14,79,000
47.50%
Market Maker
1,56,000
5.01%
Total
31,14,000
100.00%
Finaccle’s quick read
Neutral
FY26 income up 13%, PAT up 142%, ROE 51.53%, D/E 0.19, post-issue P/E 17.26x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
51.53%
ROCE
45.73%
Debt / equity
0.19
PAT margin
9.37%
P/E post issue
17.26
Market cap
₹149.38 Cr
Use of IPO money
To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility
₹14.72 Cr
To part finance the requirement of Working Capital
₹14.25 Cr
To meet General Corporate Purposes
₹6.04 Cr
Strengths
✓
PAT up 142% in FY26 to ₹8.65 Cr
✓
ROE of 51.53% and ROCE of 45.73%
✓
Moderate leverage: debt to equity 0.19
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 9.37%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.