Sihora Industries IPO: Retail Investors Lead ₹10.56 Crore Issue Amid Tepid Institutional Interest

Mumbai, 10 October 2025: Sihora Industries Limited’s ₹10.56 crore Initial Public Offering (IPO) commenced on Friday, 10 October 2025, with retail investors showing initial interest. The issue, priced at ₹66 per share, is scheduled to close on Tuesday, 14 October 2025.

Established in 2023 and headquartered in Surat, Gujarat, Sihora Industries Limited manufactures narrow woven fabrics, laces, ribbons, elastics, and zippers for garment and industrial textile applications. The company operates a single integrated facility and plans to enhance automation and capacity through IPO funding.

Retail Investors Drive Early Demand in Sihora Industries IPO

As of 4:44 PM on the first day of the subscription, the Sihora Industries IPO was subscribed 0.30 times, with retail individual investors bidding for 1.76 lakh shares against the 7.60 lakh shares allocated to them. Non-Institutional Investors (NII) subscribed 0.37 times, while Qualified Institutional Buyers (QIBs) did not place any bids. The total subscription amounted to 4.58 lakh shares out of the 15.20 lakh shares on offer.

Sihora Industries IPO Details

• Issue Size: ₹10.56 crore (16,00,000 equity shares)
• Price: ₹66 per share (Face Value ₹10 + Premium ₹56)
• Issue Type: Fixed Price Issue
• Issue Period: 10 October – 14 October 2025
• Market Lot: 2,000 shares
• Minimum Application: 4,000 shares
• Lead Manager: Sobhagya Capital Options Ltd
• Registrar: Bigshare Services Pvt Ltd
• Listing: Proposed on BSE SME

Use of IPO Proceeds

The company intends to utilise the funds raised from the IPO for:

• Capital expenditure on additional plant and machinery
• Repayment or prepayment of borrowings
• Funding working capital needs
• General corporate purposes

The Sihora Industries IPO has opened for subscription, with retail investors showing early interest. The company plans to utilise the funds raised for expansion and debt reduction. Investors should consider the company’s growth plans and financial health before making investment decisions.

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