Sham Foam Ltd IPO
Consumer Durables
Price Band
₹130 – ₹130
Lot Size
1000
Minimum Bid Quantity
2000
Minimum Investment
₹260000
Issue Size
₹40.48Cr
Opens
2026-08-11
Closes
2026-08-13
Listing
18-08-2026
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0Z9N01013
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Sham Foam Limited is engaged in the manufacturing and sale of polyurethane (PU) foam, mattresses, and other home comfort products. Its product portfolio includes mattresses under the Featherfresh and Restivia brands, pillows, furniture cushions, and PU foam cores. The company also manufactures customised industrial-grade PU foam used in industries such as furniture, sports products, seat covers, footwear, and apparel. The company operates a manufacturing facility in Ambala, Haryana, spread across 2,04,460 sq. ft., with an installed foam production capacity of 15,000 TPA. It supplies its products across 13 states in India through a network of more than 1,300 dealers.
Pros
- • The company operates an in-house manufacturing facility in Ambala, Haryana, spread across 2,04,460 sq. ft., with an installed PU foam production capacity of 15,000 TPA. The facility allows the company to manufacture PU foam in different compositions and customise the products based on customer requirements.
- • The company has an established distribution network across 13 states and Union Territories in India, supported by more than 1,300 dealers. It also conducts training programmes for dealer sales personnel and offers sales-linked incentives to its dealers.
- • The company claims to have developed long-standing relationships with several of its dealers across India. These relationships have enabled it to retain several dealers and maintain distribution of its products across its operating markets.
Cons
- • The top 10 customers of the company contributed Rs 20.36 crore (25.51%), Rs 20.66 crore (28.02%), Rs 21.77 crore (26.83%), and Rs 9.50 crore (25.10%) to its revenue from operations in FY23, FY24, FY25, and the six months ended September 30, 2025, respectively. In the future, tf the company fails to retain key customers or faces a reduction in business from them, its revenue, cash flows, and financial condition could be adversely affected.
- • The company’s top suppliers accounted for 88.07%, 86.85%, 78.31%, and 88.34% of total purchases in FY23, FY24, FY25, and the six months ended September 30, 2025, respectively. The company does not have long-term agreements with its raw material suppliers, and any disruption in supply or increase in prices can affect its production schedules, margins, and ability to meet customer orders.
- • The company’s sales are geographically concentrated, with Punjab and Uttar Pradesh together contributing 48.64% of its revenue from operations in FY25. This geographic concentration makes the company dependent on demand and market conditions in these regions, and any adverse developments can affect its business and revenue from operations.
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