Sham Foam
Price Band
₹130
Lot Size
2,000 Shares
Issue Size
₹40.48 Cr
Fresh Issue
₹40.48 Cr
OFS
Nil (100% Fresh)
Registrar
AI Sentiment Score
Listing Price
₹104.00
vs Issue: ₹130 (-20.00%)
📅 IPO Timeline
✓
Open
Aug 11, 2026
✓
Close
Aug 13, 2026
✓
Allotment
Aug 14, 2026
✓
Refund
Aug 17, 2026
✓
Demat
Aug 17, 2026
✓
Listing
Aug 18, 2026
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
The listing gain is adjusted upward from a 0% GMP baseline due to exceptional financial quality (ROE > 50%) and a small float size creating a scarcity squeeze. However, the gain is capped by a complete lack of institutional QIB demand (0.0x) and a neutral overall review.
💪 Strengths
- Exceptional ROE of 51.53% and ROCE of 45.73%
- Low leverage with Debt-to-Equity ratio of 0.19
- Strong PAT growth from ₹3.58Cr to ₹8.65Cr in one year
⚠️ Weaknesses
- Lack of institutional (QIB) interest in the current subscription profile
- Small scale of operations compared to industry giants like Sheela Foam
🚀 Opportunities
- Expansion of manufacturing capacity through IPO proceeds
- Growth potential in the organized mattress and home comfort market
🛡️ Threats
- Intense competition from established brands and new-age D2C players
- Volatility in raw material prices for polyurethane foam
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility | ₹13.72 |
| To part finance the requirement of Working Capital | ₹14.25 |
| To meet General corporate purposes | ₹12.51 |
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 73.73 Cr | Rs 81.15 Cr | Rs 92.30 Cr |
| Net Profit / PAT (₹ Cr) | Rs 2.97 Cr | Rs 3.58 Cr | Rs 8.65 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 4.56 Cr | Rs 4.85 Cr | Rs 11.17 Cr |
| Borrowings (₹ Cr) | Rs 10.11 Cr | Rs 9.22 Cr | Rs 3.99 Cr |
| Total Assets (₹ Cr) | Rs 33.55 Cr | Rs 36.58 Cr | Rs 49.33 Cr |
| ROCE % | NA | 22.92% | 45.61% |
Company P/E
12.6x
Debt/Equity
0.19
📋 Live Subscription Status
QIB
0.00x
NII
2.17x
Retail
2.62x
Total
2.40x
🎯 Retail Allotment Probability
38.2% Odds
1 in 2.6 chance (~38.2% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Aug 18, 2026 8:07 AM
💼 Issue Structure & Reservation Quota
Capital Structure
₹40.5 Cr
Issue Size
Fresh (100%)
Reservation Quota
100%
Allocation
NII (50%)
Retail (50%)
QIB
0.00%
Retail
50.00%
NII
50.00%
🔗 Important Links & Lead Managers
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.