Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Fri, Oct 10, 2025 - Tue, Oct 14, 2025
Sihora Industries IPO is a fixed price issue of ₹10.56 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹10.56 crore.
Sihora Industries IPO bidding started from Oct 10, 2025 and ended on Oct 14, 2025. The allotment for Sihora Industries IPO was finalized on Oct 15, 2025. The shares got listed on BSE SME on Oct 17, 2025.
Sihora Industries IPO price is ₹66 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,96,000.
Sobhagya Capital Options Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Sihora Industries IPO DRHP for detailed Information.
IPO Open
Fri, Oct 10, 2025
IPO Close
Tue, Oct 14, 2025
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹35.16 Cr
| IPO Date | 10 to 14 Oct, 2025 |
| Listed on | Fri, Oct 17, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 80,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.5280 Cr) |
| Fresh Issue (Ex Market Maker) | 15,20,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 15,20,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 37,27,400 shares |
| Share Holding Post Issue | 53,27,400 shares |
| BSE Script Code | 544585 |
| ISIN | INE0SFA01011 |
Sihora Industries IPO comprises a total issue size of 16,00,000 shares. The net offer to the public is 15,20,000 shares, after excluding 80,000 shares allotted on a firm basis. Of the Net offer 7,60,000 (50.00%) allocated to NII 7,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,60,000 | 50.00% | 47.50% |
| Retail Shares Offered | 7,60,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 80,000 | 5.00% | |
| Total Shares Offered | 16,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,64,000 |
| HNI (Min) | 3 | 6,000 | ₹3,96,000 |
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:
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):
Key strengths
Sihora Industries Ltd.'s revenue increased by 30% and profit after tax (PAT) rose by 214% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 |
| Amount in ₹ Crore | ||||
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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 35.60% |
| ROCE | 31.93% |
| Debt/Equity | 0.98 |
| RoNW | 35.60% |
| PAT Margin | 12.86% |
| EBITDA Margin | 22.61% |
| Price to Book Value | 4.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.02 | 2.01 |
| P/E (x) | 13.14 | 32.77 |
| Promoter Holding | 100% | 69.97% |
| Market Cap | ₹35.16 Cr. |
The Sihora Industries IPO is subscribed 1.27 times on October 14, 2025 5:04:45 PM (Day 3). The public issue subscribed 1.37 times in the individual investors category, [.] times in the QIB category, and 1.18 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.18 | 7,60,000 | 8,98,000 | 0 |
| Individual Investor | 1.37 | 7,60,000 | 10,40,000 | 0 |
| Total | 1.27 | 15,20,000 | 19,38,000 | 301 |
Total Application : 301
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising, Marketing Expenses and Printing Expenses | 0.26 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.07 |
| 5 | Fees payable to Peer Review Auditor | 0.22 |
| 6 | Fees to the Legal Advisor | 0.01 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses.) | 0.01 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹70.00 |
| Last Trade | ₹66.50 |
Lead Manager Reports
Sihora Industries IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Oct 10, 2025, and closes on Tue, Oct 14, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sihora Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Sihora Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sihora Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sihora Industries IPO opens on Fri, Oct 10, 2025 and closes on Tue, Oct 14, 2025.
Sihora Industries IPO lot size is 2000, and the minimum amount required for application is ₹2,64,000, with 2 lots being the minimum application size.
You can apply in Sihora Industries 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 Sihora Industries IPO will be done on Wednesday, October 15, 2025, and the allotted shares will be credited to your demat account by Thu, Oct 16, 2025. Check the Sihora Industries IPO allotment status.
The Sihora Industries IPO listing date is on Fri, Oct 17, 2025.
