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Sihora Industries IPO
Price Band
₹
Issue Size
₹10.56 Cr
Lot Size
2,000 shares
Min Investment
₹264,000
2 LOTS MIN
GMP
—
Issue Price
₹66.0
Sihora Industries IPO AI Summary
- Sihora Industries IPO is listed on BSE SME in the Other Textile Products sector.
- Subscription window: 10 Oct–14 Oct 2025, listing on 17 Oct 2025.
Sihora Industries Limited is a newly incorporated company in the textile sector, specializing in various fabric products. With a strong manufacturing base in Surat and a focus on quality and cost-effective production, the company aims to utilize its IPO proceeds for expansion and working capital needs. Investors should consider their risk profile and the potential for volatility when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Sihora Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Oct 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Sihora Industries IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2023, Sihora Industries Limited manufactures and sells narrow woven fabrics, lace, digitally printed fabrics, woven labels, tapes, zippers, elastics, and other textile products, including technical textiles, for fashion and industrial use. Key products: Lace Rapier Looms (converted into Label Looms) Needle Looms Zipper Elastic Other products in pipeline: PP – FDY Niwar Tape, Technical and Specialized Zipper. Revenue: As on March 31, 2025, it has reported total revenue of Rs 1,456.20 lakhs with 55.20% revenue from Viscous Suit and Rapier Lace and Border, 28.55% from Zipper, 15.77% from Lace & Border Sales and 0.48% from Elastic Sales (commenced in Dec 2024) Manufacturing Facility: It has an integrated manufacturing facility in Surat, Gujarat with end-to-end textile manufacturing processes, i.e., yarn processing, weaving, digital printing, embroidery, dyeing, and finishing—using modern technology alongside traditional craftsmanship. Existing capacity and utilization (As on March 31, 2025): Narrow woven fabric: 7,86,240 meters with capacity utilization of 6,55,200 meters Zipper production: 5,72,460 kgs and actual utilization is 4,91,744 Kgs Elastic production: 34,320 Kgs and actual capacity utilization of 24,960 kgs Key strengths Consistency in Quality Standards Strategic located manufacturing unit in Surat, Gujarat Experienced Promoters and Management Team Smooth flow of operations Cost effective production Market Diversification Scalable business model
Company Financials (₹ Cr)
As of 2025-08-31
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 15.90 | 12.65 | 7.44 | 8.95 |
| Total Income | 5.86 | 15.06 | 11.62 | 12.10 |
| Profit After Tax | 0.45 | 1.87 | 0.60 | 0.30 |
| EBITDA | 1.13 | 3.29 | 1.72 | 1.17 |
| NET Worth | 5.71 | 5.26 | 3.80 | 0.13 |
| Reserves and Surplus | 1.98 | 1.53 | 2.71 | -0.37 |
| Total Borrowing | 5.71 | 5.14 | 5.30 | 3.86 |
Key Ratios
EPS
₹5.02
NAV
₹14.11
ROE
35.60%
ROCE
31.93%
RoNW
35.60%
P/B Value
4.68
P/E Ratio
13.14
Market Cap
₹35.16 Cr
PAT Margin
12.86%
Debt/Equity
0.98
Promoters
Gautam Vallabhbhai Sihora and Priyal Gautamkumar Sihora
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 Funding Capital Expenditure towards purchase of additional plant & machinery 2.00 2 Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions 2.58 3 To meet additional Working Capital Requirements 3.50 4 General Corporate Purposes 1.55 5 Issue Expenses 0.93 Total 10.56
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹12.10 Cr in the period ending March 31, 2023, increasing to ₹11.62 Cr by March 31, 2024, then rising further to ₹15.06 Cr by March 31, 2025. However, the most recent figure of ₹5.86 Cr as of August 31, 2025, is not directly comparable as it represents a 9-month period.
Profit Trend
Profit After Tax was ₹0.30 Cr for the year ending March 31, 2023, rising to ₹0.60 Cr by March 31, 2024, and further increasing to ₹1.87 Cr by March 31, 2025. The latest figure of ₹0.45 Cr as of August 31, 2025, is also a 9-month figure and therefore not directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares are traded before they are listed on the stock exchange. It indicates the expected listing price of the shares based on demand and supply dynamics in the grey market. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as the company's growth potential, market conditions, and their personal risk tolerance.
Who May Want to Wait
Investors who are risk-averse or those looking for stable and predictable returns may want to avoid IPOs like this, which can be subject to significant price fluctuations and market uncertainties.
IPO Timeline, Explained
The IPO timeline includes key dates such as the opening date on October 10, 2025, and the closing date on October 14, 2025. Allotment of shares is expected on October 15, 2025, with the listing date set for October 17, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market sentiment, investor demand, and overall market conditions can influence the stock's performance on its debut. Investors should be aware that while some IPOs may experience significant gains on the listing day, others may not perform as expected, leading to potential losses.
This evaluation is generated from Sihora Industries'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
When does Sihora Industries IPO open and close?
Sihora Industries IPO opens on 10 October 2025 and closes on 14 October 2025.
When does Sihora Industries IPO list on the stock exchange?
Sihora Industries IPO listed on 17 October 2025 at ₹66.0.
What is the lot size for Sihora Industries IPO?
The lot size for Sihora Industries IPO is 2000 shares, requiring a minimum investment of ₹264,000 (2 lots).
What is the minimum investment required for this IPO?
The minimum investment required is ₹2,64,000, which is for a lot size of 2000 shares.
What is the issue price of the shares?
The issue price of the shares is ₹66.00.
When does the IPO open and close?
The IPO opens on October 10, 2025, and closes on October 14, 2025.
When will the shares be listed?
The shares are expected to be listed on October 17, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on demand and supply in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Oct 2025
Close
14 Oct 2025
Allotment
15 Oct 2025
Listing
17 Oct 2025
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