Sham Foam IPO
Updated 11 Sept 2026, 5:03 pm.
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 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.
Offer documents & links
Subscription by category
As of 13 Aug 2026, 1:24 pm.
Total subscription
2.40x
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 Date | 11 to 13 Aug, 2026 |
|---|---|
| Listed on | Tue, Aug 18, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 31,14,000 shares (agg. up to ₹ 40 Cr) |
|---|---|
| Reserved for Market Maker | 1,56,000 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 Public | 29,58,000 shares (agg. up to ₹ 38 Cr) |
| Share Holding Pre Issue | 83,76,750 shares |
| Share Holding Post Issue | 1,14,90,750 shares |
| BSE Script Code | 544869 |
| ISIN | INE0Z9N01013 |
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 Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) | 14,79,000 | 50.00% | 47.50% |
| Retail | 14,79,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker | 1,56,000 | — | 5.01% |
| Total | 31,14,000 | 100.00% | 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,60,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,60,000 |
| HNI (Min) | 3 | 3000 | ₹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 Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 49.32 | 36.58 | 33.55 |
| Total Income | 92.39 | 81.62 | 73.89 |
| Profit After Tax | 8.65 | 3.58 | 2.97 |
| EBITDA | 11.00 | 4.69 | 4.43 |
| NET Worth | 21.11 | 12.46 | 8.88 |
| Reserves and Surplus | 12.74 | 4.25 | 8.70 |
| Total Borrowing | 3.99 | 9.22 | 10.11 |
| 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.
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IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility | 14.72 |
| 2 | To part finance the requirement of Working Capital | 14.25 |
| 3 | To meet General Corporate Purposes | 6.04 |
| Total | 35.01 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 51.53% |
| ROCE | 45.73% |
| Debt/Equity | 0.19 |
| RoNW | 40.97% |
| PAT Margin | 9.37% |
| EBITDA Margin | 11.91% |
| NAV | 25.21 |
| Price to Book Value | 5.16 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.33 | 7.53 |
| P/E (x) | 12.58 | 17.26 |
| 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
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 100% | 72.9% |
| Public | — | 27.10% |
| Total | 100% | 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 By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Subscription Status
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII * | 2.17 | 14,79,000 | 32,10,000 | 0 |
| Individual Investor | 2.62 | 14,79,000 | 38,74,000 | 0 |
| Total | 2.40 | 29,58,000 | 70,91,000 | 2,893 |
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 Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.95 |
| 2 | Underwriting Commission | 2.02 |
| 3 | Advertising Expenses | 0.04 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees Payable to Legal Advisors | 0.03 |
| 6 | Printing and distribution of Issue stationary | 0.01 |
| 7 | Commission/processing fee for SCSBs, Sponsor Banks and Banker to the Issue | 0.02 |
| 8 | Brokerage, commission and selling commission, Registered Brokers, RTAs and DPs | 0.03 |
| 9 | Expenses and fees payable for marketing, promotion & distribution, Market Making. | 2.25 |
| 10 | Printing and distribution of issue stationery | 0.01 |
| 11 | Listing Fees | 0.01 |
| 12 | BSE Processing Fee | 0.05 |
| 13 | BSE software Fee | 0.04 |
| 14 | Depository Fee | 0.02 |
| Total | 5.48 |
Listing Day Trading Information
| Price Details | BSE 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
Sham Foam IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
Sham Foam shares to list today: Check GMP ahead of BSE SME debut
The Economic Times · 18 Aug 2026
Sham Foam SME IPO listing: Shares debut at 20% discount, hit lower circuit; details here
Livemint · 18 Aug 2026
Sham Foam IPO Listing 18 August 2026: Shares Debut at 20% Discount, Hit Lower Circuit at Rs 98.80
Univest · 18 Aug 2026
Sham Foam Shares Debut Weak, Fall 20% Below Issue Price At BSE
NDTV Profit · 18 Aug 2026
BSE SME Sham Foam loses its bounce, trades below IPO price
Business Standard · 18 Aug 2026