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Sham Foam

SME Listed 🌐 Visit Website
Price Band
₹130 - ₹130
Lot Size
2000 Shares
Issue Size
₹40.48 Cr
Fresh Issue
₹40.48 Cr
OFS
N/A
Registrar
Alankit Assignments Ltd.
0 NEUTRAL
AI Sentiment Score
Listing Price
₹104.00
vs Issue: ₹130 (-20.00%)
📅 IPO Timeline
✓
Open
Aug 11
✓
Close
Aug 13
✓
Allotment
Aug 14
✓
Refund
Aug 17
✓
Demat
Aug 17
✓
Listing
Aug 18
✨ AI Analysis & Prediction
+3.0% predicted listing gain
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
📊 Key Financials
Metric 2023202420252026
Revenue (₹ Cr) 80.53 73.89 81.62 92.39
PAT (₹ Cr) 0.70 2.97 3.58 8.65
Company P/E
12.6x
Debt/Equity
0.19
📋 Live Subscription Status
QIB
0.00x
NII
2.17x
Retail
2.62x
Total
2.40x
Updated: Aug 18, 2026 8:07 AM
🔗 Important Links & Lead Managers
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.
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