Sihora Industries Shares List at 6% Premium, Slip to Issue Price Post Modest BSE SME Debut

Mumbai, October 17, 2025: Shares of Sihora Industries Limited made a modest debut on the BSE SME platform on Friday. The shares opened at ₹70 per share, a 6.1% premium over the issue price of ₹66. However, soon after listing, the stock dipped to ₹66.50, indicating early profit booking by investors.

Sihora Industries Limited is a textile company that manufactures narrow woven fabrics, ribbons, elastics, laces, and zippers. The company is based in Surat, Gujarat, and caters to both apparel and industrial applications. It was incorporated in August 2023 and reported ₹1,456.20 lakh revenue and net profit of ₹187.26 lakh in FY25. The company is to utilise the IPO proceeds for capex on new machinery, debt repayment, and working capital enhancement.

Sihora Industries Listing Performance Snapshot

The IPO was listed on the BSE SME on October 17, 2025, at a listing price of ₹70 per share. As of the closing, the shares were trading at ₹66.50, booking a loss of ₹3.50, a 5% decrease. However, the company had a decent trading session, with trading turnover and trading quantity at ₹94.67 lakh and 1.38 lakh shares, respectively. The VWAP of the company was at ₹68.60 while its full market capitalisation reached ₹35.43 crore.

Subscription Recap

The ₹10.56-crore Sihora Industries Ltd IPO closed on October 14, 2025, and was subscribed 1.27 times. The issue witnessed steady traction across investor categories, with individual investors subscribing 1.37 times and Non-Institutional Buyers (NII) 1.18 times. The IPO was managed by Sobhagya Capital Options Ltd, acting as Lead Manager and Market Maker, and Bigshare Services Pvt Ltd, serving as Registrar to the Issue.

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