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Sham Foam IPO
Price Band
₹
Issue Size
₹40.48 Cr
Lot Size
1,000 shares
Min Investment
₹260,000
2 LOTS MIN
GMP
+₹1.5 (1.15%)
Issue Price
₹130.0
Subject to Sauda
₹1100
Paid only if allotted
Sham Foam IPO AI Summary
- Sham Foam IPO is listed on BSE SME in the Furniture, Home Furnishing sector.
- Subscription window: 11 Aug–13 Aug 2026, listing on 18 Aug 2026.
- Current GMP is +₹1.5 (1.15%) — unofficial and can change daily.
Sham Foam, a new entrant in the foam manufacturing sector, is set to raise funds through its IPO to enhance its production capabilities and working capital. With a growing revenue trend and a competitive P/E ratio, it presents an interesting option for investors looking at the furniture and home furnishing market.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
2.40x
| Category | Subscription | Status |
|---|---|---|
| NII (HNI) |
2.17x
|
2.17x |
| Retail (RII) |
2.62x
|
2.62x |
| Total | 2.40x | 2.40x |
Auto-updated every 5 min · As of 13th Aug 2026 18:56
Sham Foam IPO Grey Market Premium (GMP) Today
GMP
+₹1.5
GMP %
+1.15%
Est. Listing
₹131.5
Updated: 18 Aug 2026 09:15
GMP Trend (Last 11 Days)
About the Company
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 our 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 (₹ Cr)
As of 2026-03-31
| 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 |
Key Ratios
EPS
₹10.33
NAV
₹25.21
ROE
51.53%
ROCE
45.73%
RoNW
40.97%
P/B Value
5.16
P/E Ratio
12.58
Market Cap
₹149.38 Cr
PAT Margin
9.37%
Debt/Equity
0.19
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Wakefit Innovations Ltd. | 343 | 22.9% | 21.22 | 6.03 |
| Sheela Foam Ltd. | 266.69 | 4.48% | 64.5 | 11.96 |
| Sham Foam Ltd. This IPO | 25.21 | 40.97% | 12.58 | 10.33 |
Promoters
Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal, Abhinav Jindal, Kunal Jindal, Charming Fashions Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹73.89 Cr in the year ending 31 Mar 2024, rising to ₹81.62 Cr by 31 Mar 2025, and further increasing to ₹92.39 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹2.97 Cr in the year ending 31 Mar 2024, increasing to ₹3.58 Cr by 31 Mar 2025, and further rising to ₹8.65 Cr by 31 Mar 2026.
Valuation
Sham Foam is priced at a P/E ratio of 12.58 at the issue price, compared to peers trading at P/E ratios ranging from 21.22 to 64.5.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected premium at which an IPO might list compared to its issue price. A positive GMP suggests that the market anticipates a higher listing price.
Subscription Demand
As of 13th Aug 2026, the IPO was subscribed 2.4 times overall, with the Non-Institutional Investors (HNI) category subscribed 2.17 times and the Retail Investors (RII) category subscribed 2.62 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals, risk tolerance, and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs, as they can be subject to significant price fluctuations post-listing.
IPO Timeline, Explained
The IPO opens on 11th August 2026 and closes on 13th August 2026, with allotment scheduled for 14th August 2026 and listing on 18th August 2026.
Listing Gains — The Risk
Listing gains can be unpredictable and are influenced by market conditions, investor sentiment, and overall demand for the stock. It's important to consider these factors before making investment decisions.
This evaluation is generated from Sham Foam's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Sham Foam IPO GMP today?
Sham Foam IPO GMP today is +₹1.5 (1.15%). GMP is an unofficial grey-market indicator and can change daily.
When does Sham Foam IPO open and close?
Sham Foam IPO opens on 11 August 2026 and closes on 13 August 2026.
When does Sham Foam IPO list on the stock exchange?
Sham Foam IPO listed on 18 August 2026 at ₹131.5.
What is the lot size for Sham Foam IPO?
The lot size for Sham Foam IPO is 1000 shares, requiring a minimum investment of ₹260,000 (2 lots).
What is the lot size for Sham Foam's IPO?
The lot size for Sham Foam's IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹2,60,000.
What is the issue price of Sham Foam's shares?
The issue price of Sham Foam's shares is ₹130.00.
When will the shares be listed?
The shares are expected to be listed on 18th August 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares might list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
11 Aug 2026
Close
13 Aug 2026
Allotment
14 Aug 2026
Listing
18 Aug 2026
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