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Sihora Industries Ltd. 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 opens for subscription on Oct 10, 2025 and closes on Oct 14, 2025. The allotment for the Sihora Industries IPO is expected to be finalized on Oct 15, 2025. Sihora Industries IPO will list on BSE SME with a tentative listing date fixed as Oct 17, 2025.
Sihora Industries IPO price is ₹66.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000.00 (4,000 shares) (based on upper price). The minimum lot size investment for 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 Date | October 10, 2025 to October 14, 2025 |
| Listing Date | October 17, 2025 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,00,000 shares (aggregating up to ₹10.56 Cr) |
| Reserved for Market Maker | 80,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹0.5280 Cr) |
| Net Offered to Public | 15,20,000 shares (aggregating up to ₹10.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,27,400 shares |
| Share Holding Post Issue | 53,27,400 shares |
Sihora Industries IPO offers total 16,00,000 shares. Out of which 7,60,000 (47.50%) allocated to NII 7,60,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 80,000 (5.00%) |
| NII (HNI) Shares Offered | 7,60,000 (47.50%) |
| Retail Shares Offered | 7,60,000 (47.50%) |
| Total Shares Offered | 16,00,000 (100.00%) |
Sihora Industries IPO opens on October 10, 2025, and closes on October 14, 2025.
| IPO Open Date | Fri, Oct 10, 2025 |
| IPO Close Date | Tue, Oct 14, 2025 |
| Tentative Allotment | Wed, Oct 15, 2025 |
| Initiation of Refunds | Thu, Oct 16, 2025 |
| Credit of Shares to Demat | Thu, Oct 16, 2025 |
| Tentative Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares 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 |
|---|---|---|---|
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 35.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.02 | 2.01 |
| P/E (x) | 13.14 | 32.77 |
The Company Sihora Industries 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 | 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 |
[Dilip Davda] SIL is engaged in the business of manufacturing and marketing of narrow woven fabrics, digitally printed narrow fabrics, woven labels, tapes etc. It provides solutions for all technical textiles, fashion fabrics and industrial sector requirements. Based on its recent financial data, the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. Tiny paid-up equity capital post-IPO indicates longer gestation period for migration. There is no harm in skipping this pricey and dicey “High Risk/No Return” bet. Read detail review...
| Listing Date | October 17, 2025 |
| BSE Script Code | 544585 |
| NSE Symbol | |
| ISIN | INE0SFA01011 |
| Final Issue Price | ₹66 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹70.00 |
| Last Trade | ₹66.50 |
Sihora Industries Ltd.
Plot 34/D-1, Laxminarayan, BRC Compound
Udhna, Mangrol
Surat, Gujarat, 394210
Phone: +91 98241 52000
Email: info@sihoragroup.com
Website: http://www.sihoragroup.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sihora Industries IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹10.56 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on October 10, 2025, and closes on October 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 October 10, 2025 and closes on October 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 Thursday, October 16, 2025. Check the Sihora Industries IPO allotment status.
The Sihora Industries IPO listing date is on Friday, October 17, 2025.
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