Sihora Industries SME IPO Picks Up Pace; Subscription Reaches 0.59x on Day 2 Led by Retail Interest

Mumbai, October 13, 2025 – The SME IPO (Initial Public Offering) of Sihora Industries Limited, showed an encouraging trend on the second day of bidding. At around 05:30 PM, the total subscription was 0.59 times with the retail investors showing the highest interest (0.67 times). The issue will be open until 14th October and the listing is proposed on the BSE SME platform.

Sihora Industries Day 2 Subscription Status (as of 05:30 p.m., October 13)

The Individual Investors category led the participation with 0.67x subscription, followed by Non-Institutional Buyers (NII) at 0.51x. The Market Maker quota was fully subscribed at 1.0x. In total, around 8.96 lakh shares have been bid for against 15.20 lakh shares offered, amounting to a total bid value of ₹5.91 crore from 141 applications. The demand trend indicates tepid interest so far in the SME issue.

Sihora Industries IPO Details

The ₹10.56 crore IPO of Sihora Industries Limited comprises 16 lakh equity shares and follows a fixed price issue format. Each share is priced at ₹66 (including a ₹56 premium over the ₹10 face value). The IPO includes a market maker reservation of 80,000 shares, with the net issue to the public at 15.2 lakh shares. Investors can apply for a minimum of 4,000 shares (two lots of 2,000 shares each). The issue is open from October 10 to 14, 2025, managed by Sobhagya Capital Options Ltd, with Bigshare Services Pvt Ltd as the registrar.

Company Overview

Sihora Industries Limited is a manufacturer of narrow woven fabcrics, ribbons, elastics, laces, and zippers. The products are used across industrial textile and garment segments. The company intends to use the proceeds of the IPO for the purchase of new machinery, repayment of debt and working capital enhancement. For the previous financial year, the company’s revenue was ₹1456.20 lakhs and a net profit of ₹187.26 lakhs which was considerably more than the previous financial year, largely due to production scale up and diversification.

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