Sham Foam Launches Rs 40.48-cr IPO; Gets 2 PC Subscription on Day 1

New Delhi: The Rs 40.48 crore initial public offering of Sham Foam Ltd opened for subscription on Tuesday, receiving bids for 2 per cent of the total offer size on the first day.

The IPO, which comprises a fresh issue of 31.14 lakh shares, received bids for 57,000 shares on the BSE SME platform, exchange data showed.

The offer has been priced at Rs 130 per share and closes for subscription on Thursday, August 13.

The company has proposed to utilise IPO proceeds towards civil construction and purchase of machinery and equipment, partially financing working capital requirements and meeting general corporate purposes.

The company’s total revenue stood at Rs 92.39 crore in FY26, up from Rs 81.62 crore in FY25, while PAT increased to Rs 8.65 crore from Rs 3.58 crore.

Corporate Makers Capital Ltd is the sole book-running lead manager for the issue.

Sham Foam is engaged in manufacturing, distribution, marketing and sale of polyurethane foam (PU foam), mattresses and related home comfort products.

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