Sham Foam Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Sham Foam Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹130
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹40.48 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Sham Foam Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.9%
Issue Type
Fixed Price - SME
ISIN
INE0Z9N01013
About the Company
We are primarily engaged in the business of manufacturing, distribution, marketing and selling of polyurethane foam ("PU Foam"), mattresses and other allied home comfort products targeted primarily at Indian consumers. We also manufacture Industrial grades of PU Foam that is used in a wide range of industries in India.
Industry Overview
The India Mattress Market Report is Segmented by Product Type (Innerspring/Coil, Foam Including Memory Foam, Latex, Hybrid, Other Mattress Types), Mattress Size (Single-Size, Double-Size, Queen-Size, King-Size, Custom & Specialty Sizes), End User (Residential, Commercial), Distribution Channel (B2C/Retail, B2B/Project), and Geography. The India mattress market size is USD 2.40 billion in 2025 and is forecast to reach USD 3.65 billion by 2030, expanding at an 8.80% CAGR across the period. Surging sleep-health awareness, higher urban disposable income, and an expanding omnichannel retail network have repositioned mattresses from basic furniture to health investments. Organized players are capitalizing on the trend by integrating AI-enabled products, tightening supply chains and widening show-room footprints to reach digitally-savvy consumers in Tier-II and Tier-III cities. Hospitality growth linked to India's G20 tourism push and the hotel sector's USD 31.01 billion 2029 revenue target is creating incremental B2B volume that supports factory utilization rates. Meanwhile, direct-to-consumer (D2C) brands have disrupted legacy pricing by offering 25-50% lower ticket sizes and reinforcing the premiumization narrative through health-centric positioning.
Company History
Our Company was originally incorporated at Haryana as "Sham Foam Private Limited" on June 26, 2020 under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Central Registration Centre. Pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on August 10, 2024, the Company was converted into a Public Limited Company, and its name was changed from "Sham Foam Private Limited" to "Sham Foam Limited" vide fresh certificate of incorporation dated September 20, 2024 issued by the Registrar of Companies, Central Processing Centre.
Growth Strategy
- Expand our customer base.
- Expansion of Geographic Reach.
- Continue to strive for cost efficiency.
- Attract, train and retain qualified personnel.
- Continue to focus on development of personalised products.
- Focus on consistently meeting quality of our products.
- Focus on consistently meeting quality of our products.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 31,14,000 equity shares of face value of Rs. 10/- each (Eequity Shares") of Sham Foam Limited ("Company" or the "Issuer") for cash at a price of Rs. 130 per equity share including a share premium of Rs. 120 per equity share (the "Issue Price") aggregating to Rs. 40.48 Crores ("the Issue") of which upto 1,56,000 equity shares of face value of Rs.10/- each for cash at a price of Rs. 130 per equity share including a share premium of Rs. 120 per equity share aggregating to Rs. 2.03 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e Net issue of 29,58,000 equity shares of face value of Rs. 10/- each at a price of Rs. 130 per equity share including a share premium of Rs. 120 per equity share aggregating to Rs. 38.45 Crores (the "Net Issue"). The issue and the net issue will constitute upto 27.10% and 25.74% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each. Issue price: Rs. 130 per equity share of face value of Rs. 10/- each. The issue price is 13 times the face value of equity shares. Bids can be made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Leveraging the experience of the Promoter and employees.
- In-house manufacturing facility supported by technology driven process.
- Extensive and well-developed pan-India sales and distribution network.
- Long-standing relationship with its dealers.
- Focus on Quality and Timely Delivery.
- There are outstanding litigation proceedings involving the Company, its Promoters, an adverse outcome in which, may have an adverse impact on the company's reputation, business, financial condition, results of operations and cash flows.
- Registered Office cum manufacturing facility of the Company is located on leased premises. If the company is unable to renew such lease agreements or relocate on commercially suitable terms, it may have a material adverse effect on the company's business, results of operations and financial condition.
- The company's revenues has been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on the company's results of operations.
- The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
- Volatility in the supply and pricing of the company's raw materials, or failures by suppliers to meet their obligations, may have an adverse effect on its business, cash flows, financial condition and results of operations.