Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
Sham Foam Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on February 23, 2026 to raise funds through Initial Public Offer (IPO).
Sham Foam Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.31 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Corporate Makers Capital Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Sham Foam IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 31,25,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 31,25,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 83,76,750 shares |
| Share Holding Post Issue | 1,15,01,750 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Feb 23, 2026 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | Not more than 50% of the net issue |
| NII Shares Offered | Not more than 50% of the net issue |
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:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 38.05 | 36.58 | 33.55 | 27.68 |
| Total Income | 37.97 | 81.62 | 73.89 | 80.53 |
| Profit After Tax | 3.19 | 3.58 | 2.97 | 0.70 |
| EBITDA | 4.07 | 4.69 | 4.43 | 1.34 |
| NET Worth | 15.66 | 12.46 | 8.88 | 1.71 |
| Reserves and Surplus | 7.28 | 4.25 | 8.70 | 1.61 |
| Total Borrowing | 7.12 | 9.22 | 10.11 | 18.40 |
| Amount in ₹ Crore | ||||
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 | 13.72 |
| 2 | To part finance the requirement of Working Capital | 14.25 |
| 3 | To meet General corporate purposes | |
| Total | 27.97 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 22.72% | 33.56% |
| ROCE | 17.81% | 22.56% |
| Debt/Equity | 0.45 | 0.74 |
| RoNW | 20.40% | 28.74% |
| PAT Margin | 8.43% | 4.41% |
| EBITDA Margin | 10.74% | 5.78% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Sham Foam IPO is a SME IPO of 31,25,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Sham Foam IPO open and close dates are not available as of now.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sham Foam IPO using UPI as a payment gateway. Zerodha customers can apply in Sham Foam IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sham Foam IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sham Foam IPO dates are not announced. Please check back again after some time.
Sham Foam IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sham Foam IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sham Foam IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sham Foam IPO allotment status.
The Sham Foam IPO listing date is not yet announced. The tentative date of listing is .
