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Sham Foam IPO
₹2,60,000/2 Lot (2000) shares
Minimum Investment
IPO Details
11 Aug 26
13 Aug 26
₹2,60,000
2 Lot (2000)
TBA
BSE
₹40 Cr
18 Aug 26
Sham Foam IPO Timeline
Bidding Start
11 Aug 26
Bidding Ends
13 Aug 26
Allotment Finalisation
14 Aug 26
Refund Initiation
17 Aug 26
Demat Transfer
17 Aug 26
Listing
18 Aug 26
About Sham Foam Limited
Incorporated in 2020, Sham Foam Limited is engaged in the manufacturing, distribution, marketing and sale of polyurethane foam, mattresses and allied home comfort products. Its product portfolio includes mattresses, pillows, cushions, furniture cushioning and PU foam cores, along with industrial-grade PU foam used across furniture, apparel, sports goods and automotive applications. The company markets its mattresses under the Featherfresh and Restivia brands and offers pure foam and hybrid variants. It operates a vertically integrated business model covering product design, engineering, manufacturing, distribution and customer engagement. The company operates a manufacturing facility in Ambala, Haryana, with an installed foam production capacity of 15,000 tonnes per annum and supplies products across multiple Indian states.
Sham Foam Limited IPO Overview
Sham Foam Limited is launching a fixed-price SME IPO comprising 31,14,000 equity shares aggregating up to ₹40.48 crore. The issue is entirely a fresh issue, with no offer-for-sale component. The IPO will open for subscription on 11 August 2026 and close on 13 August 2026. Allotment is expected to be finalised on 14 August 2026, while refunds and credit of shares are scheduled for 17 August 2026. The tentative listing date is 18 August 2026 on BSE SME. The issue price is fixed at ₹130 per share, with a lot size of 1,000 shares. Retail investors must apply for a minimum of two lots, or 2,000 shares, requiring ₹2.60 lakh. HNI investors must apply for at least three lots, or 3,000 shares, requiring ₹3.90 lakh. Corporate Makers Capital Ltd. is the book running lead manager, Alankit Assignments Ltd. is the registrar and JSK Securities & Services Pvt. Ltd. is the market maker.
Sham Foam Limited IPO Details
| Particulars | Details |
| IPO Date | 11 August 2026 to 13 August 2026 |
| Listing Date | 18 August 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 31,14,000 shares (aggregating up to ₹40.48 Cr) |
| Fresh Issue | 31,14,000 shares (aggregating up to ₹40.48 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 83,76,750 shares |
| Share Holding Post Issue | 1,14,90,750 shares |
| Market Maker Portion | 1,56,000 shares |
| Market Maker | JSK Securities & Services Pvt. Ltd. |
| Lead Manager | Corporate Makers Capital Ltd. |
| Registrar | Alankit Assignments Ltd. |
Sham Foam Limited IPO Reservation
| Investor Category | Shares Offered |
| NII (HNI) | 14,79,000 shares / 50.00% of Net Issue |
| Retail | 14,79,000 shares / 50.00% of Net Issue |
| Market Maker | 1,56,000 shares |
Sham Foam Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Individual Investors (Min) | 2 | 2,000 | ₹2,60,000 |
| Individual Investors (Max) | 2 | 2,000 | ₹2,60,000 |
| HNI (Min) | 3 | 3,000 | ₹3,90,000 |
Sham Foam Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100.00% |
| Post-Issue | 72.90% |
Sham Foam Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹10.33 |
| Price/Earnings (P/E) Ratio | 12.58x |
| Return on Net Worth (RoNW) | 40.97% |
| Net Asset Value (NAV) | ₹25.21 |
| Return on Equity | 51.53% |
| Return on Capital Employed (ROCE) | 45.73% |
| EBITDA Margin | 11.91% |
| PAT Margin | 9.37% |
| Debt to Equity Ratio | 0.19 |
Objectives of the Proceeds
1. Capital Expenditure
Finance civil construction and purchase of machinery and equipment for the existing manufacturing facility — ₹14.72 crore.
2. Working Capital
Part-finance the company’s working capital requirements to support ongoing business operations — ₹14.25 crore.
3. General Corporate Purposes
Meet general corporate requirements and support the company’s broader business objectives — ₹6.04 crore.
Key Financials (in ₹ crore)
| Particulars | 31 March 2026 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 49.32 | 36.58 | 33.55 |
| Revenue | 92.39 | 81.62 | 73.89 |
| Profit After Tax | 8.65 | 3.58 | 2.97 |
| Reserves and Surplus | 12.74 | 4.25 | 8.70 |
| Total Borrowings | 3.99 | 9.22 | 10.11 |
IPO Strengths
1. In-house manufacturing facility supported by technology driven process
2. Extensive and well-developed pan-India sales and distribution network
3. Long-standing relationship with dealers
4. Focus on Quality and Timely Delivery.
5. Experienced Promoters.
Peer Group Comparison
| Company Name | EPS (Basic) | NAV (₹) | P/E (x) | RoNW (%) | P/BV (x) |
| Sham Foam Ltd. | 10.33 | 25.21 | 12.58 | 40.97 | 5.20 |
| Peer Group | |||||
| Wakefit Innovations Ltd. | 6.03 | 343.00 | 21.22 | 22.90 | 0.37 |
SWOT Analysis of Sham Foam IPO
Strength and Opportunities
- Vertically integrated manufacturing model supports control over product design, production and distribution.
- Manufacturing facility has an installed foam production capacity of 15,000 TPA with recognised quality certifications.
- Pan-India distribution presence across multiple states provides access to diverse customer markets.
- Long-standing dealer relationships can support repeat orders and market expansion.
- Growing consumer preference for organised mattress brands creates an opportunity for expansion.
- Applications across furniture, automotive, apparel and sports goods provide product diversification.
Risks and Threats
- The mattress and PU foam market is highly competitive and fragmented.
- Fluctuations in raw-material prices could put pressure on operating margins.
- Changing consumer preferences could increase competition from alternative mattress technologies.
- Larger established brands have stronger market recognition and financial resources.
- Unorganised manufacturers may create pricing pressure in key markets.
- Weakness in end-user industries could affect demand for industrial PU foam.
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How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs on Sham Foam IPO
How can I apply for Sham Foam Limited IPO?
You can apply for the Sham Foam Limited IPO through HDFC Sky using the UPI-based ASBA facility. Investors should ensure sufficient funds are available in their linked bank account throughout the application and allotment process.
When does Sham Foam Limited IPO open and close?
The Sham Foam Limited IPO opens for subscription on 11 August 2026 and closes on 13 August 2026. The allotment is expected on 14 August, refunds and share credit on 17 August, followed by listing on 18 August 2026.
What is the issue size of Sham Foam Limited IPO?
The Sham Foam Limited IPO has a total issue size of 31,14,000 equity shares, aggregating up to ₹40.48 crore. The issue consists entirely of a fresh issue, with no offer-for-sale component.
What are the minimum lot sizes for Sham Foam Limited IPO?
The lot size is 1,000 shares. Individual investors must apply for a minimum of two lots, or 2,000 shares, requiring ₹2.60 lakh. HNI investors must apply for at least three lots, or 3,000 shares, requiring ₹3.90 lakh.
How will Sham Foam Limited use the IPO proceeds?
The company proposes to use ₹14.72 crore for capital expenditure, ₹14.25 crore towards working capital requirements and ₹6.04 crore for general corporate purposes. The proceeds will therefore support manufacturing capacity and ongoing business requirements.
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