Sham Foam IPO
Market Sentiment
IPO Details
Market Lot Size
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Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 80.53 | 73.89 | 81.62 | 92.39 |
| Expense | 79.68 | 70.26 | 77.19 | 81.94 |
| Profit (PAT) | 0.70 | 2.97 | 3.58 | 8.65 |
| Total Assets | 27.68 | 33.55 | 36.58 | 49.32 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Sheela Foam Limited | 11.96 | 64.50 | 4.48 | 266.69 | 2,962.27 Cr |
| Wakefit Innovations Ltd | 6.03 | 21.22 | 22.90 | 343.00 | 1,488.94 Cr |
Promoters: Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal and Charming Fashions Pvt. Ltd
Strengths & Risks
- Solid profit margin — 9.4%.
- Strong return on equity — 52%.
- Low leverage — debt/equity of 0.19.
Our metrics didn't flag a major concern for Sham Foam from the disclosed data — but this isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Since its establishment in 2020, Sham Foam has been involved in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU Foam), mattresses, and home comfort products. They use industrial-grade PU foam in their products and sell mattresses, pillows, cushions, furniture cushioning, and PU foam cores used in home comfort products. Its mattresses are sold under the Featherfresh and Restivia brands, where they offer both Pure Foam mattresses and Hybrid mattresses with customization options. Its Pillows and Cushions are also sold under the Featherfresh brand with different levels of foam firmness for better comfort. Sham Foam managed the entire value chain, from product design and engineering to manufacturing, distribution, and customer engagement. Its manufacturing facility is situated in Ambala, Haryana, spanning over 2,04,460 sq. ft.
| Purpose | Amount (Cr) |
|---|---|
| To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility | 13.72 |
| To part finance the requirement of Working Capital | 14.25 |
| To meet General corporate purposes | - |
Resources & Documents
Sham Foam Ltd., Khasra No. 18/16/2, Shahzadpur Yamunanager Road,, NH-344, Village Rajpura,, Tehsil Shahzadpur,, Ambala, Haryana, 134202
Sham Foam has fixed the issue price at Rs 130 per share for an issue size of Rs 40 crore. The stock listed with a 20.00% discount versus its issue price on August 18, 2026.
Since its establishment in 2020, Sham Foam has been involved in the manufacturing, distribution, marketing, and sale of polyurethane foam (PU Foam), mattresses, and home comfort products. They use industrial-grade PU foam in their products and sell mattresses, pillows, cushions, furniture cushioning, and PU foam cores used in home comfort products.
The issue is promoted by Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal and Charming Fashions Pvt. Ltd with Corporate Makers Capital Ltd., Navigant Corporate Advisors Ltd. acting as lead manager. Net proceeds will primarily be used towards To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for ex… (Rs 14 crore) and To part finance the requirement of Working Capital (Rs 14 crore).
Grey market is quoting a premium of +Rs 4 (+3.1% over issue price), down Rs 5 from the previous session. Final subscription data records overall subscription at 2.44x, retail at 2.60x, NII at 2.27x.
At the upper end of the price band, the issue is priced at a post-issue P/E of 12.58x. On fundamentals, the company is posting revenue growth of 13.2%, a profit margin of 9.4%, return on equity of 51.5% in its most recent reported period. Listed peers in this segment include Sheela Foam Limited (P/E 64.50x) and Wakefit Innovations Ltd (P/E 21.22x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Sham Foam IPO GMP — What It Means
The latest grey market premium for Sham Foam IPO is ₹4 (+3.1%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Sham Foam it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Sham Foam GMP history and trend, or learn how grey market premium works and how reliable it is.
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