Sihora Industries SME IPO Nears Full Subscription as Retail and HNI Investors Drive Demand

Mumbai, October 14, 2025 – The ₹10.56 crore SME IPO of Sihora Industries Limited received great interest before its launch and was trending towards full subscription on the last day of bidding. As of 2:29 pm on Tuesday, bids had been accepted for 15.20 lakh shares in a total offer of 16.84 lakh shares, giving an overall subscription of 1.11 times.

Sihora Industries is located in Surat, Gujarat and produces narrow woven fabric, laces, ribbons, non-tightly woven elastic, and industrial textiles. The company intends to utilize the proceeds from the IPO to finance capital expenditure, including new plant and machinery purchases, debt repayment, and enhancing working capital.

Sihora Industries Strong Retail and HNI Response

The fixed-price offering, which opened on 10 October and closes today, 14 October, was priced at ₹66 per equity share, comprising a face value of ₹10 and a premium of ₹56. Retail investors accounted for 52% of total bids, while high-net-worth individuals (HNIs) contributed 48%, reflecting a relatively balanced interest from both investor segments.

Sihora Industries IPO Structure and Offer Details

A total of 16 lakh equity shares are on offer, valued at ₹10.56 crore. Of these, 80,000 shares are reserved for the market maker, resulting in a net public issue of 15.20 lakh shares. Investors can apply for a minimum lot of 4,000 shares. The issue is set to be listed on the BSE SME platform, with Sobhagya Capital Options Ltd. serving as the lead manager and Bigshare Services Pvt Ltd. as the registrar.

Sihora Industries Financial Performance

Sihora Industries demonstrated strong financial growth in FY25, generating revenue of ₹1,456.20 lakh and a net profit of ₹187.26 lakh, significantly higher than FY24’s results. Such a performance depicts the company’s operational efficiency and market visibility.

Market Outlook

The IPO has gained new momentum on the last day of bidding, backed by a continued presence from retail investors and HNIs. Analysts believe the offering may approach full subscription by the end of bidding today.

Outlook

The IPO of Sihora Industries demonstrates consistent investor demand for the textile manufacturing industry. With adequate subscription levels and sound fundamentals, the company’s proposed listing on the BSE SME platform is likely to entice substantial demand from investors with a value-oriented approach, post-listing.

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