SME
    listed

    Sham Foam IPO

    Updated 11 Sept 2026, 5:03 pm.

    Open Demat Account
    GMP disclaimer: GMP is unofficial and unregulated. It is not a recommendation or a reliable estimate of listing price or returns. Consider the RHP and your own risk assessment before applying.

    Minimum investment (Individual investors (IND))

    ₹2,60,000

    2 lots · 2,000 shares at the upper price band

    Price band

    ₹130

    Latest GMP

    Not yet quoted

    Est. listing price

    Issue size

    ₹38.45 Cr

    GMP history

    Each point is a recorded observation from the scheduled data sync.

    GMP history will appear after the scheduled sync records observations.

    GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.

    Issue details

    Board
    SME
    Price band
    ₹130
    Issue size
    ₹38.45 Cr
    Lot size
    1,000
    Opens
    11 Aug 2026
    Closes
    13 Aug 2026
    Allotment
    14 Aug 2026
    Listing
    18 Aug 2026
    Est. listing price
    Listing price
    Awaited
    Listing gain
    Awaited
    Registrar
    Alankit Assignments Ltd.
    Minimum investment
    ₹2,60,000 (2 lots · 2,000 shares)
    Face value
    ₹10 per share
    Issue type
    Fixed Price IPO
    Sale type
    Fresh capital only
    Listing at
    BSE SME
    Refunds
    17 Aug 2026
    Shares credited
    17 Aug 2026
    Promoter holding
    100% before · 72.9% after
    Lead managers
    Corporate Makers Capital Ltd., Navigant Corporate Advisors Ltd.

    Subscription by category

    As of 13 Aug 2026, 1:24 pm.

    Total subscription

    2.40x

    Non Institutional2.17×
    Retail Individual2.62×

    Full issue details

    Details as published for this issue, read 11 Sept 2026, 5:00 am. Verify against the RHP before applying.

    IPO Details

    IPO Date11 to 13 Aug, 2026
    Listed onTue, Aug 18, 2026
    Face Value₹ 10 per share
    Issue Price₹130 per share
    Lot Size1,000 Shares
    Sale TypeFresh capital only
    Issue TypeFixed Price IPO
    Listing AtBSE SME
    Total Issue Size31,14,000 shares (agg. up to ₹ 40 Cr)
    Reserved for Market Maker1,56,000 shares (agg. up to ₹ 2 Cr) JSK Securities & Services Pvt.Ltd.
    Fresh Issue (Ex Market Maker)29,58,000 shares (agg. up to ₹ 38 Cr)
    Net Offered to Public29,58,000 shares (agg. up to ₹ 38 Cr)
    Share Holding Pre Issue83,76,750 shares
    Share Holding Post Issue1,14,90,750 shares
    BSE Script Code544869
    ISININE0Z9N01013

    IPO Timetable

    IPO Open
    Tue, Aug 11, 2026
    IPO Close
    Thu, Aug 13, 2026
    Allotment
    Fri, Aug 14, 2026
    Refund
    Mon, Aug 17, 2026
    Credit of Shares
    Mon, Aug 17, 2026
    Listing
    Tue, Aug 18, 2026

    Issue Reservation

    Investor CategoryShares% of Net Issue% of Total Issue
    NII (HNI)14,79,00050.00%47.50%
    Retail14,79,00050.00%47.50%
    Firm Reservations
    Market Maker1,56,0005.01%
    Total31,14,000100.00%100.00%

    Sham Foam IPO comprises a total issue size of 31,14,000 shares. The net offer to the public is 29,58,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,79,000 (50.00%) allocated to NII 14,79,000 (50.00%) allocated to RII .

    IPO Lot Size

    ApplicationLotsSharesAmount
    Individual investors (IND) (Min)22000₹2,60,000
    Individual investors (IND) (Max)22000₹2,60,000
    HNI (Min)33000₹3,90,000

    Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.

    IPO Subscription Details

    About Sham Foam Ltd.

    Incorporated in 2020, Sham Foam is engaged in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU Foam), mattresses, and allied home comfort products, primarily for the Indian market. In addition, it produces industrial-grade PU foam used across multiple industries, including furniture, apparel, sports goods, and automotive applications.

    Its diversified product portfolio includes mattresses, pillows, cushions, furniture cushioning, and PU foam cores used in home comfort products. The company specializes in customized PU foam and mattress solutions tailored to specific customer requirements. Its mattresses are marketed under the Featherfresh and Restivia brands, offering both pure foam and hybrid variants (spring and rebonded foam) with customization options. Pillows and cushions are primarily sold under the Featherfresh brand, designed with varying foam densities for enhanced comfort and durability.

    As a vertically integrated company, the company manages the entire value chain-from product design and engineering to manufacturing, distribution, and customer engagement.

    The company operates a state-of-the-art manufacturing facility in Ambala, Haryana, spanning over 2,04,460 sq. ft., certified with ISO 9001:2015 and BIS (IS 7933:2022). With an installed foam production capacity of 15,000 TPA, its facility is strategically located near key customer hubs, enabling efficient logistics, reduced lead times, and improved customer interaction.

    It operates across 13 states and is currently supplying its products in various cities in India, including Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand.

    Strengths:

    In-house manufacturing facility supported by technology driven process

    Extensive and well-developed pan-India sales and distribution network

    Long-standing relationship with dealers

    Focus on Quality and Timely Delivery.

    Experienced Promoters.

    Company Financials (Proforma Consolidated)

    Period Ended31 Mar 202631 Mar 202531 Mar 2024
    Assets49.3236.5833.55
    Total Income92.3981.6273.89
    Profit After Tax8.653.582.97
    EBITDA11.004.694.43
    NET Worth21.1112.468.88
    Reserves and Surplus12.744.258.70
    Total Borrowing3.999.2210.11
    Amount in ₹ Crore

    Sham Foam Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2026 and March 31, 2025.

    Recently Listed IPOs in Furniture, Home Furnishing

    CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
    Wakefit Innovations Ltd.Mainboard₹1,288.89 Cr₹195-171.29₹192.29-1.39%₹152.44
    Euro Pratik Sales Ltd.Mainboard₹451.31 Cr₹24733.02₹248.38+0.56%₹247.75

    View More »

    IPO Objects of the Issue

    #Issue ObjectsEst Amt (₹ Cr.)
    1To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility14.72
    2To part finance the requirement of Working Capital14.25
    3To meet General Corporate Purposes6.04
    Total35.01

    The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

    Key Performance Indicator (KPI)

    KPIMar 31, 2026
    ROE51.53%
    ROCE45.73%
    Debt/Equity0.19
    RoNW40.97%
    PAT Margin9.37%
    EBITDA Margin11.91%
    NAV25.21
    Price to Book Value5.16

    Check IPO Peer Comparison here.

    IPO Valuation

    Valuation MetricPre IPOPost IPO
    EPS (₹)10.337.53
    P/E (x)12.5817.26
    Market Cap at Offer Price₹109Cr.₹113.53 Cr

    Disclaimer

    The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue

    The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.

    The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.

    Shareholding Structure

    CategoryPre IPOPost IPO
    Promoter and Promoter Group100%72.9%
    Public27.10%
    Total100%100%

    Company Promoters: Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal, Abhinav Jindal, Kunal Jindal and Charming Fashions Pvt.Ltd..

    Sham Foam IPO Recommendations

    Review BySubscribeMay ApplyNeutralAvoid
    Brokers0000
    Members0000

    IPO Subscription Status

    CategorySubscription (x)Shares OfferedShares bid forTotal Applications
    NII *2.1714,79,00032,10,0000
    Individual Investor2.6214,79,00038,74,0000
    Total2.4029,58,00070,91,0002,893

    The Sham Foam IPO is subscribed 2.40 times on August 13, 2026 6:54:03 PM (Day 3). The public issue subscribed 2.62 times in the individual investors category, [.] times in the QIB category, and 2.17 times in the NII category. Check Day by Day Subscription Details (Live Status)

    Reload

    Total Applications: 2,893

    *Market Maker portion is not included to NII/HNI.

    IPO Expenses

    #Issue ExpensesEst Amt (₹ Cr.)
    1Lead Manger Fees0.95
    2Underwriting Commission2.02
    3Advertising Expenses0.04
    4Fees Payable to Registrar to the Issue0.01
    5Fees Payable to Legal Advisors0.03
    6Printing and distribution of Issue stationary0.01
    7Commission/processing fee for SCSBs, Sponsor Banks and Banker to the Issue0.02
    8Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs0.03
    9Expenses and fees payable for marketing, promotion & distribution, Market Making.2.25
    10Printing and distribution of issue stationery0.01
    11Listing Fees0.01
    12BSE Processing Fee0.05
    13BSE software Fee0.04
    14Depository Fee0.02
    Total5.48

    Listing Day Trading Information

    Price DetailsBSE SME
    Final Issue Price₹ 130.00
    Open₹ 104.00
    Low₹ 98.80
    High₹ 109.00
    Last Trade₹ 98.80

    Check IPO Performance…

    IPO Registrar

    Alankit Assignments Ltd.

    011-42541234/23541234/42541201

    info@alankit.com

    IPO Lead Manager(s)

    Corporate Makers Capital Ltd.

    Navigant Corporate Advisors Ltd.

    Contact Details

    Sham Foam Ltd. Address

    Khasra No. 18/16/2, Shahzadpur Yamunanager Road,

    NH-344, Village Rajpura,

    Tehsil Shahzadpur,

    Ambala, Haryana , 134202

    +91-8572071526

    info@shamfoam.com