Updating soon
Valuation
Market Cap
₹149.38 Cr
P/E Ratio
12.58x
P/B Ratio
5.16x
Sham Foam IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Sham Foam Limited, incorporated in Haryana in June 2020, is engaged in the manufacturing, distribution, marketing and sale of polyurethane (PU) foam, mattresses and allied home comfort products, along with industrial-grade PU foam for varied applications. Its diversified portfolio spans mattresses, pillows, furniture-cushions and PU foam cores, sold primarily under the Featherfresh and Restivia brands, including pure-foam and hybrid spring-and-rebonded-foam mattresses with bespoke customisation. A vertically integrated player, the Company operates an ISO 9001:2015 and BIS-certified facility of 2,04,460 sq. ft. at Ambala, Haryana, with installed foam capacity of 15,000 TPA. It serves customers across 13 Indian states.
Lots & IPO Size
Sham Foam IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 2,000 | ₹2,60,000 |
| Ind (Max) | 2 | 2,000 | ₹2,60,000 |
| Others (Min) | 3 | 3,000 | ₹3,90,000 |
Market Maker
₹1.56 L
Employee
₹0.00
Shareholder
₹0.00
Sham Foam IPO Size
Total
₹40 Cr
Fresh Issue
₹40 Cr
(0.31 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
To finance capital expenditure for civil construction and purchase of machinery & equipment for existing manufacturing facility
To part finance the requirement of Working Capital
General Corporate Purposes & issue expense
Total
Key Risk Factors
The company, its promoters and directors are involved in certain outstanding legal proceedings, an adverse outcome of which may impact its reputation, business, financial condition and cash flows.
Key Risk Factors
The company, its promoters and directors are involved in certain outstanding legal proceedings, an adverse outcome of which may impact its reputation, business, financial condition and cash flows.
The company's registered office cum manufacturing facility is located on leased premises; inability to renew the lease or relocate on commercially suitable terms may adversely affect its operations.
The company's revenues have been significantly dependent on a few customers; its inability to retain such business could have an adverse effect on its results of operations.
The company has reported negative cash flows in certain financial years, and any negative cash flows in the future could adversely affect its financial condition and results of operations.
Volatility in the supply and pricing of key raw materials (TDI, polyols, additives), or suppliers failing to meet obligations, may adversely affect the company's business, cash flows and financial condition.
The company's operations are concentrated in certain geographical regions, and adverse developments affecting these regions could significantly impact its revenue and results of operations.
The company's business is dependent on its single manufacturing facility at Ambala; any shutdown of operations there may have an adverse effect on its business and results of operations.
Any accident at the company's manufacturing facility, given the handling of raw materials in insulated tanks, may expose it to damages, penalties and civil or criminal liabilities impacting its financials.
Some brand names used by the company are registered under a promoter and a promoter group member, with one trademark unregistered; discontinuance of authorisation may impact its brand image and business.
Sheela Foam Limited has instituted a trademark-infringement civil suit against the company over use of the mark 'FEATHER FRESH', an adverse outcome of which may impact its reputation and financial condition.
Sham Foam IPO Details Live GMP
GMP
₹0
Est. Price
₹130
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 09 Aug | ₹0 (0%) | ₹130 |
| 08 Aug | ₹0 (0%) | ₹130 |
| 07 Aug | ₹0 (0%) | ₹130 |
Sham Foam IPO Peer Comparison
(Rs. in crores)
| Particulars | Sham Foam | Sheela Foam | Wakefit Innovations |
|---|---|---|---|
| Revenue | 92.32 | 2,962.27 | 1,488.94 |
| EPS (₹) | 10.33 | 11.96 | 6.03 |
| NAV (₹) | 25.21 | 266.69 | 343.00 |
| RONW | 40.97% | 4.48% | 22.90% |
| PE Ratio | 12.58 | 64.50 | 21.22 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 4, 2026 for Peers
Sham Foam IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 92.32 | 81.15 | 73.73 |
| PAT | 8.65 | 3.58 | 2.97 |
| Net Worth | 21.11 | 12.46 | 8.88 |
| Borrowings | 3.99 | 9.22 | 10.11 |
| Assets | 49.32 | 36.58 | 33.55 |
| NAV (₹) | 25.21 | 14.88 | 10.70 |
| EPS (₹) | 10.33 | 4.28 | 3.57 |
Key Performance Indicators (KPIs)
EBITDA
11.91%
PAT
9.37%
ROE
51.53%
ROCE
45.73%
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Sham Foam IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 92.32 | 81.15 | 73.73 |
| Other Income | 0.07 | 0.47 | 0.16 |
| Total Income | 92.39 | 81.62 | 73.89 |
| Materials Consumed | 72.70 | 65.99 | 65.52 |
| Changes in Inventories | -2.62 | 3.22 | -0.60 |
| Employee Expense | 3.15 | 2.48 | 1.82 |
| Finance Costs | 0.22 | 0.22 | 0.43 |
| Depreciation | 0.57 | 0.66 | 0.65 |
| Other Expenses | 7.92 | 4.62 | 2.43 |
| Total Expenses | 81.94 | 77.19 | 70.26 |
| Profit Before Tax | 10.44 | 4.43 | 3.63 |
| Tax Expense | 1.79 | 0.85 | 0.67 |
| Profit After Tax | 8.65 | 3.58 | 2.97 |
| EPS — Basic (₹) | 10.33 | 4.28 | 3.57 |
| EPS — Diluted (₹) | 10.33 | 4.28 | 3.57 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 8.38 | 8.21 | 0.18 |
| Reserves & Surplus | 12.74 | 4.25 | 8.70 |
| Total Equity | 21.11 | 12.46 | 8.88 |
| Total Borrowings | 3.99 | 9.22 | 10.11 |
| Trade Payables | 21.30 | 11.80 | 11.91 |
| Other Liabilities | 2.92 | 3.10 | 2.65 |
| Total Equity & Liab | 49.32 | 36.58 | 33.55 |
| Fixed Assets | 5.06 | 4.45 | 4.80 |
| Inventories | 9.50 | 7.28 | 7.74 |
| Trade Receivables | 25.40 | 21.90 | 17.12 |
| Cash & Bank Bal | 7.94 | 2.54 | 3.60 |
| Other Assets | 1.43 | 0.41 | 0.28 |
| Total Assets | 49.32 | 36.58 | 33.55 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 12.78 | 0.22 | 7.30 |
| Cash Flow from Investing Activities | -2.10 | -0.31 | -0.72 |
| Cash Flow from Financing Activities | -5.28 | -0.96 | -4.40 |
| Net Change in Cash & Equivalents | 5.39 | -1.05 | 2.18 |
| Cash & Equivalents at End of Period | 7.94 | 2.54 | 3.60 |
Promoter Holding
Promoter
99.99%
Public
0.01%
Charming Fashion Pvt Ltd
45.21%
Rajinder Kumar Jindal
9.86%
Sanjeev Kumar Jindal
9.86%
Abhinav Jindal
9.86%
Kunal Jindal
9.86%
Others
15.34%
Management
Rajinder Kumar Jindal
Age: 56
MD & Chairperson
Remuneration
₹₹12.00 Lakhs p.a.
Education
Matriculation
Prior Experience
25+ yrs in home comfort & foam industry; earlier ran proprietary concern Aggarwal & Co.
Sanjeev Kumar Jindal
Age: 51
WTD
Remuneration
₹₹12.00 Lakhs p.a.
Education
Higher Secondary (Bhiwani Board, Haryana)
Prior Experience
13+ yrs in home comfort & foam industry; oversees day-to-day operations.
Arun Kumar
Age: 39
CFO
Remuneration
₹₹5.10 Lakhs (FY26)
Education
B.Com (Kurukshetra University)
Prior Experience
13+ yrs in accounts & finance; earlier Accountant at Aggarwal Comfort Product Pvt. Ltd.
Monica Jindal
Age: 50
Executive Director
Remuneration
₹₹3.00 Lakhs (FY24); nil in FY26
Education
B.A. (HNB Garhwal University)
Prior Experience
14+ yrs in management of the Company; oversees execution & daily operations.
Registrar & Lead Managers
Registrar
Alankit Assignments
Lead Managers (2)
Company Details
Name: Sham Foam Limited
Address: Khasra No. 18/16/2, Shahzadpur Yamunanager Road, NH-344, Village Rajpura, Tehsil Shahzadpur, Ambala City, Haryana-134202
Number: +91-8572071526
Email: info@shamfoam.com
Website: https://www.shamfoam.com
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Frequently Asked Questions (FAQs)
What is Sham Foam IPO?
Sham Foam IPO is a SME IPO having an issue size of
₹40 Crs.
Sham Foam IPO is priced at
₹130 - ₹130 per
share.
The
issue opens on 11 Aug 26
and
closes on 13 Aug 26.
When will Sham Foam IPO open?
Sham Foam IPO opens on
11 Aug 26 and closes on
13 Aug 26.
What is the GMP of Sham Foam IPO?
The estimated Grey Market Premium of Sham Foam IPO is
₹0 per share (0.00%).
What is the lot size of Sham Foam IPO?
The minimum lot size of Sham Foam IPO is
1000 shares & the minimum application amount
is
Rs.
130000.
When is the allotment of Sham Foam IPO?
The allotment date of Sham Foam IPO is
14 Aug 26.
What is the listing date of Sham Foam IPO?
The listing date of Sham Foam IPO is
18 Aug 26.
What is the subscription of Sham Foam IPO?
Sham Foam IPO is subscribed
-.
What is the price band of Sham Foam IPO?
Sham Foam IPO is priced at
₹130 - ₹130 per
share.
How to check allotment status of Sham Foam IPO?
Click the allotment link on Sham Foam IPO page of IPO360.
How to apply Sham Foam IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Sham Foam IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Sham Foam IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Sham Foam IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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