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Sheela Foam IPO is a book build issue of ₹510.00 crores. The issue is entirely an offer for sale of 0.70 crore shares of ₹510.00 crore.
Sheela Foam IPO bidding started from Nov 29, 2016 and ended on Dec 1, 2016. The allotment for Sheela Foam IPO was finalized on Dec 6, 2016. The shares got listed on BSE, NSE on Dec 9, 2016.
Sheela Foam IPO price band is set at ₹730.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹13,600 (20 shares). The lot size investment for sNII is 14 lots (280 shares), amounting to ₹2,04,400, and for bNII, it is 69 lots (1,380 shares), amounting to ₹10,07,400.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sheela Foam IPO RHP for detailed Information.
| IPO Date | November 29, 2016 to December 1, 2016 |
| Listing Date | December 9, 2016 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹680 to ₹730 per share |
| Issue Price Final | ₹730 per share |
| Lot Size | 20 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 69,86,301 shares (aggregating up to ₹510.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,87,82,808 shares |
| Share Holding Post Issue | 4,87,82,808 shares |
Sheela Foam IPO offers total 69,86,301 shares. Out of which 34,93,149 (50.00%) allocated to QIB, 13,97,260 (20.00%) allocated to QIB, 10,47,946 (15.00%) allocated to NII, 24,45,206 (35.00%) allocated to RII and 20,95,889 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 34,93,149 (50.00%) | NA |
| − Anchor Investor Shares Offered | 20,95,889 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 13,97,260 (20.00%) | NA |
| NII (HNI) Shares Offered | 10,47,946 (15.00%) | NA |
| Retail Shares Offered | 24,45,206 (35.00%) | 1,22,260 |
| Total Shares Offered | 69,86,301 (100.00%) |
Sheela Foam IPO opens on November 29, 2016, and closes on December 1, 2016.
| IPO Open Date | Tue, Nov 29, 2016 |
| IPO Close Date | Thu, Dec 1, 2016 |
| Tentative Allotment | Tue, Dec 6, 2016 |
| Initiation of Refunds | Wed, Dec 7, 2016 |
| Credit of Shares to Demat | Thu, Dec 8, 2016 |
| Tentative Listing Date | Fri, Dec 9, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 1, 2016 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,600 |
| Retail (Max) | 13 | 260 | ₹1,89,800 |
| S-HNI (Min) | 14 | 280 | ₹2,04,400 |
| S-HNI (Max) | 68 | 1,360 | ₹9,92,800 |
| B-HNI (Min) | 69 | 1,380 | ₹10,07,400 |
Incorporated in 1971, Sheela Foam Ltd is a leading manufacturer of mattresses and other foam-based home comfort products in India. They sell their products under the brand Sleepwell, Feather Foam, and Lamiflex.
Sheela Foam offers mattresses, pillows, mattress protectors, bolsters, back cushions, sofa-cum beds, bed-sheets, and baby care sheets, as well as furniture cushioning products. Company's products are mainly used in residential purpose, hotels, hospitals, and educational institutions. They sell its products through distributors, retail dealers, and multi-branded outlets, as well as exports its products to approximately 32 countries. They have pan India distribution network that consists of over 100 exclusive distributors, over 2,000 exclusive retail dealers and over 2,500 multi-brand outlets, as on March 31, 2016
Competitive Strengths:
1. Well recognised and established brand built over consistent quality and innovation
2. Extensive and well developed pan-India salesand distribution network
3. Quality manufacturing capabilities and technological innovation
4. Integrated operations and economies of scale
5. Well qualified and professional management
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 6460.08 | 5396.71 | 4706.02 | 4275.72 | 3843.92 |
| Total Revenue | 12862.71 | 11501.36 | 10106.19 | 8977.91 | 7452.89 |
| Profit After Tax (PAT) | 902.20 | 344.40 | 250.05 | 240.33 | 81.12 |
The Company Sheela Foam IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of 6,986,301*Equity Shares by the Selling Shareholder |
[Dilip Davda] Demonetization has taken a toll of recent IPO of Greensignal that could not garner the required quota of QIB. Even earlier IPO of Varun Beverages too received poor response than expected even when demonetization was not there. This shows shaky mind set of big ticket investors in current weaker trends of secondary as well as primary markets. As the main raw material prices have shoot up drastically in recent times, company may find it difficult to maintain the earnings shown in the recent past. Considering this and the fully pricing of the IPO, risks aver investors with surplus funds may consider investment for medium to long term. Read detail review...
| Listing Date | December 9, 2016 |
| BSE Script Code | 540203 |
| NSE Symbol | SFL |
| ISIN | INE916U01025 |
| Final Issue Price | ₹730 per share |
| BSE Listing Group | B |
Sheela Foam Ltd.
C-55,
Preet Vihar,
Delhi, New Delhi, 110092
Phone: +91 11 2202 6875
Email: iquebal.ahmad@sheelafoam.com
Website: http://www.sheelafoam.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sheela Foam IPO is a main-board IPO of 69,86,301 equity shares of the face value of ₹5 aggregating up to ₹510.00 Crores. The issue is priced at ₹730 per share. The minimum order quantity is 20.
The IPO opens on November 29, 2016, and closes on December 1, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sheela Foam IPO using UPI as a payment gateway. Zerodha customers can apply in Sheela Foam IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sheela Foam IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sheela Foam IPO opens on November 29, 2016 and closes on December 1, 2016.
Sheela Foam IPO lot size is 20, and the minimum amount required for application is ₹14,600.
You can apply in Sheela 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 Sheela Foam IPO will be done on Tuesday, December 6, 2016, and the allotted shares will be credited to your demat account by Thursday, December 8, 2016. Check the Sheela Foam IPO allotment status.
The Sheela Foam IPO listing date is on Friday, December 9, 2016.
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