Sihora Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹66
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,32,000
Issue Size
₹10.56 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
0%
QIB Quota
0%
NII Quota
0%
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
Sihora Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
69.89%
Issue Type
Fixed Price - SME
ISIN
INE0SFA01011
About the Company
Our Company, Sihora Industries Limited, was incorporated on August 10, 2023, as a private limited company and was converted into a public limited company on July 17, 2024. Our Company was founded by Mr. Gautam Vallabhbhai Sihora and Mrs. Priyal Gautamkumar Sihora to take over the business of `Sihora Narrow Fabrics'. Based in Surat, Gujarat, our Company is engaged in the manufacturing and sale of narrow woven fabrics and industrial textiles such as laces, tapes, elastics, zippers and ribbons. Our manufacturing unit operates on promoter-owned infrastructure and is equipped with modern machinery, with further automation planned through the Issue proceeds.
Industry Overview
India's textile industry is one of the oldest and most diverse sectors, ranging from hand-woven crafts to advanced mills. Its strength lies in a robust base of natural and synthetic fibres. The decentralised power loom, hosiery, and knitting segments form a major share of the industry. India is the world's 3rd largest exporter of textiles and apparel, with exports expected to reach US$ 100 billion. The sector contributes 2.3% to GDP and 12% to exports. By 2030, the domestic market is projected to reach US$ 350 billion, while the global market is set to grow significantly across categories.
Company History
Our Company was incorporated as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 10, 2023, issued by Registrar of Companies, Central Registration Centre. Thereafter, our Company was converted from a private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated June 12, 2024 and consequently, the name of our Company was changed from "Sihora Industries Private Limited" to "Sihora Industries Limited" and a fresh certificate of incorporation dated July 17, 2024 was issued to our Company by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is U13999GJ2023PLC143747.
Growth Strategy
- Focus on consistently meeting quality standards.
- Expanding Operations.
- Increasing Operational efficiency.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
Financial Performance
Revenue, profit after tax and total assets across the last 2 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 FY25.
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 issue of 16,00,000 equity shares of face value of Rs.10/- each of Sihora Industries Limited ("SIL") or the "company" or the "issuer") for cash at a price of Rs. 66/- per equity share including a share premium of Rs. 56/- per equity share (the "Issue Price") aggregating to Rs. 10.56 Crore ("the Issue"), of which 80,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 66/- per equity share including a share premium of Rs. 56/- per equity share aggregating to Rs. 0.53 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 15,20,000 equity shares of face value of Rs. 10/- each at a price of Rs. 66/- per equity share including a share premium of Rs. 56/- per equity share aggregating to Rs. 10.03 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 30.03% and 28.53% respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 66/- for equity share of face value of Rs. 10 each. The floor price is 6.6 times times the face value of the face value of the equity shares. Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Long term Relationship with the Clients.
- Visible growth through a robust order book.
- Scalable Business Model.
- The company's manufacturing and operational facilities are concentrated in a single geographical region, and any adverse developments in this region could materially impact its business operations and financial performance.
- The company has only one Manufacturing facility, continued operation of its manufacturing facility is critical to the company's business and any disruption in the operation of its manufacturing facility may have a material adverse effect on the company's business, results of operations and financial condition.
- A significant portion of its revenue is derived from a limited number of customers. The company's top five customers contributed 49.68%, 57%, 56.82%, 48.57%, and 43.93% of its total revenue during the period April 1, 2025 to August 31, 2025, Fiscal 2025, the period October 18, 2023 to March 31, 2024, the period April 1, 2023 to October 17, 2023, and Fiscal 2023, respectively, based on our Restated Financial Statements. Any loss of such major customers or a significant reduction in their demand could materially and adversely affect the company's business, financial condition, cash flows, and results of operations.
- The company relies on its top five suppliers for a significant portion of the company's revenues and raw material sourcing, and lack of long-term agreements with them may adversely affect its business.
- The company's operations are conducted from premises not owned by the company, and any disruption in the company's current arrangements may affect its business.