Sihora Industries Limited SME IPO Opens October 10 at Fixed Price of ₹66 per Share

Mumbai, October 9, 2025 – Sihora Industries Limited (Symbol: SIHORA) will launch its ₹10.56 crore SME Initial Public Offering for subscription tomorrow, October 10. The issue closes on October 14 and consists of a 100% fresh issue of 16,00,000 equity shares at a fixed price of ₹66 per share with a premium of ₹56. There is no offer-for-sale component. Post-issue, promoter shareholding will get diluted from 99.83% to 69.85%, while public shareholding will remain at 30.03%.

Sihora Industries IPO Snapshot

Sihora Industries Limited is opening its IPO on the BSE SME platform through a fixed price issue under the symbol SIHORA. The issue will open on October 10, 2025, and close on October 14, 2025.

The IPO size is ₹10.56 crore, comprising 16,00,000 equity shares of a face value of ₹10 per share, with an issue price of ₹66 per share and a premium of ₹56. Out of the total, 80,000 shares (₹52.80 lakh) are being reserved for market makers, and the net issue to the public is 15,20,000 shares (₹1,003.20 lakh).

The IPO has a market lot of 2,000 shares having minimum application of 4,000 shares and maximum application of 15,20,000 shares. Sobhagya Capital Options Ltd is the lead manager, and Bigshare Services Pvt Ltd is the registrar of the company. The stocks are to be listed on the BSE SME platform.

Listing is proposed on the BSE SME Platform with Sobhagya Capital Options Ltd as the Lead Manager and Bigshare Services Pvt Ltd as the Registrar.

Sihora Industries IPO Use of Funds

Sihora Industries Limited will be using the net proceeds of around ₹9.63 crore from its issue for major operational and strategic purposes. ₹200 lakh will be used for capital expenditure towards plant and machinery, and ₹257.63 lakh for repayment or prepayment of borrowings. ₹350 lakh would be used to meet working capital needs, and the balance of ₹155 lakh would be used for general corporate purposes to sustain growth and financial stability.

Sihora Industries IPO Financial Highlights (Restated, ₹ in Lakh)

Sihora Industries Limited posted a healthy financial improvement in FY25 over FY24. The revenue from the operation of the company jumped to ₹1,456.20 lakh from ₹621.10 lakh in FY24, and total income increased to ₹1,506.46 lakh from ₹627.28 lakh.

Profit after tax (PAT) surged to ₹187.26 lakh from ₹32.14 lakh, indicating better operating efficiency and profitability. Net worth grew to ₹526.03 lakh from ₹338.77 lakh, and earnings per share (EPS) improved to ₹5.02 from ₹0.86. Total borrowings of the company increased to ₹513.99 lakh from ₹247.36 lakh, reflecting additional funds raised to finance growth and expansion plans.

Sihora Industries IPO Capital Structure

The capital structure of Sihora Industries Limited has also undergone a substantial change. The company’s equity shares outstanding went up from 37,27,400 pre-issue to 53,27,400 post-issue. The promoter holding reduced from 99.83% to 69.85%, while public holding escalated to 30.03%, indicating the company’s successful effort to broaden its shareholder base.

About the Company

Incorporated in August 2023, Surat-based Sihora Industries Limited produces narrow woven fabrics and textile industrial products. The company was made a public limited company in July 2024 and acquired the business of Sihora Narrow Fabrics. The company intends to increase automation and expand operations with the proceeds of the IPO.

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