Bookbuilding IPO | ₹510 Cr | Listed at BSE, NSE | Tue, Nov 29, 2016 - Thu, Dec 1, 2016
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹14,600 (20 shares) (based on upper price). 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 Open
Tue, Nov 29, 2016
IPO Close
Thu, Dec 1, 2016
Issue Price
₹730 per share
Market Cap (Pre-IPO)
₹3,561.14 Cr
| IPO Date | 29 Nov to 1 Dec, 2016 |
| Listed on | Fri, Dec 9, 2016 |
| Face Value | ₹5 per share |
| Price Band | ₹680 to ₹730 |
| Issue Price | ₹730 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 69,86,301 shares (agg. up to ₹510 Cr) |
| Offer for Sale | 69,86,301 shares of ₹5 (agg. up to ₹510 Cr) |
| Share Holding Pre Issue | 4,87,82,808 shares |
| Share Holding Post Issue | 4,87,82,808 shares |
| BSE Script Code / NSE Symbol | 540203 / SFL |
| ISIN | INE916U01025 |
Sheela Foam IPO comprises a total issue size of 69,86,301 shares. Out of which, 34,93,149 (50.00%) are allocated to QIB, 10,47,946 (15.00%) allocated to NII 24,45,206 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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 |
Sheela Foam IPO raises ₹153.00 crore from anchor investors. Sheela Foam IPO Anchor bid date is November 28, 2016.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 28, 2016 |
| Shares Offered | 20,95,889 |
| Anchor Portion (₹ Cr.) | 153.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 5, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 6, 2017 |
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
| Period Ended |
|---|
| 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 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 |
The Sheela Foam IPO is subscribed 5.09 times on December 1, 2016 6:20:00 PM (Day 3). The public issue subscribed 0.44 times in the retail category, 14.51 times in the QIB category, and 3.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 14.51 | 15,00,001 | |
| NII | 3.35 | 11,25,000 | |
| Retail | 0.44 | 26,25,000 | |
| Total | 5.09 | 52,50,001 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including underwriting commission, brokerage and selling commission) | 14.66 |
| 2 | Commission and processing fees for SCSBs | 0.16 |
| 3 | Brokerage and selling commission for Members of the Syndicate (including their Sub-Syndicate Members), Registered Brokers, RTAs and CDPs | 0.47 |
| 4 | Fees payable to the Registrar to the Offer | 0.01 |
| 5 | Others: i. Listing fees, SEBI filing fees, BSE and NSE processing fees, book building software fees and other regulatory expenses; ii. Printing and stationery expenses; iii. Advertising and marketing for the Offer; and iv. Fees payable to Legal Counsels v. Miscellaneous | 7.99 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹730.00 | ₹730.00 |
| Open | ₹860.00 | ₹860.00 |
| Low | ₹860.00 | ₹850.10 |
| High | ₹1,032.00 | ₹1,032.00 |
| Last Trade | ₹1,032.00 | ₹1,032.00 |
Lead Manager Reports
Sheela Foam IPO is a main-board IPO of 69,86,301 equity shares of the face value of ₹5 aggregating up to ₹510 Crores. The issue is priced at ₹730 per share. The minimum order quantity is 20.
The IPO opens on Tue, Nov 29, 2016, and closes on Thu, Dec 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 Tue, Nov 29, 2016 and closes on Thu, Dec 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 Thu, Dec 8, 2016. Check the Sheela Foam IPO allotment status.
The Sheela Foam IPO listing date is on Fri, Dec 9, 2016.
