Issue Price
₹130
Per Share
GMP
+₹9
+6.92% Grey Market
Est. Listing
₹139
Expected Price
Min. Application
₹260,000
2 lots × 1000 shares
Incorporated in 2020, Sham Foam is engaged in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU Foam), mattresses, and allied home comfort products, primarily for the Indian market. In addition, it produces industrial-grade PU foam used across multiple industries, including furniture, apparel, sports goods, and automotive applications.Its diversified product portfolio includes mattresses, pillows, cushions, furniture cushioning, and PU foam cores used in home comfort products. The company specializes in customized PU foam and mattress solutions tailored to specific customer requirements. Its mattresses are marketed under the Featherfresh and Restivia brands, offering both pure foam and hybrid variants (spring and rebonded foam) with customization options. Pillows and cushions are primarily sold under the Featherfresh brand, designed with varying foam densities for enhanced comfort and durability.As a vertically integrated company, the company manages the entire value chain—from product design and engineering to manufacturing, distribution, and customer engagement.The company operates a state-of-the-art manufacturing facility in Ambala, Haryana, spanning over 2,04,460 sq. ft., certified with ISO 9001:2015 and BIS (IS 7933:2022). With an installed foam production capacity of 15,000 TPA, its facility is strategically located near key customer hubs, enabling efficient logistics, reduced lead times, and improved customer interaction.It operates across 13 states and is currently supplying its products in various cities in India, including Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand.Strengths:In-house manufacturing facility supported by technology driven processExtensive and well-developed pan-India sales and distribution networkLong-standing relationship with dealersFocus on Quality and Timely Delivery.Experienced Promoters.
Sham Foam Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| NII / HNI | 1,479,000 | — | ₹19.23 Cr | 2.17x |
| Retail (RII) | 1,479,000 | — | ₹19.23 Cr | 2.62x |
| Market Maker | 156,000 | — | ₹2.03 Cr | — |
| TOTAL | 2,958,000 | 100.00% | ₹38.45 Cr | 2.40x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹130,000 |
| Retail (Max) | 13 | 13,000 | ₹1,690,000 |
| sNII (Min) | 14 | 14,000 | ₹1,820,000 |
| bNII (Min) | 68 | 68,000 | ₹8,840,000 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 92.39 | 81.62 | 73.89 |
| EBITDA | 11.00 | 4.69 | 4.43 |
| Profit After Tax (PAT) | 8.65 | 3.58 | 2.97 |
| Net Worth | 21.11 | 12.46 | 8.88 |
| Total Assets | 49.32 | 36.58 | 33.55 |
| Reserves & Surplus | 12.74 | 4.25 | 8.70 |
| Total Borrowings | 3.99 | 9.22 | 10.11 |