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Sham Foam IPO

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.

IPO GMP

+₹2

+2% expected gain

Price Band

₹130 - ₹130

Lot Size

2000 shares

Min Investment

₹2,60,000

Listing Date

August 18, 2026

About Sham Foam

Company overview, business, and key facts.

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.

Sector

Founded

Headquarters

Employees

Promoters

Website

IPO Details

Issue TypeFixed Price Issue
Face Value₹10
Price Band₹130 - ₹130
Lot Size2000 shares
Total Issue Size₹40.48 Cr
Fresh Issue₹40.48 Cr
Offer for Sale
Listing AtBSE SME

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)
Non-Institutional (NII)2.17x
Retail Individual (RII)2.62x
Total Subscription2.4x

Strengths & Risks

Strengths

  • Review: Neutral

Risks

    Financials

    Restated summary financials for the most recent periods.

    PeriodRevenueProfitAssets
    2023₹80.53₹0.70₹27.68
    2024₹73.89₹2.97₹33.55
    2025₹81.62₹3.58₹36.58
    2026₹92.39₹8.65₹49.32

    Figures are indicative and restated for presentation.

    Sham Foam IPO Key Numbers

    Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.

    Market cap at upper band

    ₹149.4 Cr

    Post-IPO shares × upper price band

    P/E on 2026 profit

    17.3x

    Peer median 42.9x (discount of 59.7%)

    Price to sales

    1.62x

    Revenue growth, 2026

    +13.2%

    4.7% a year over the period

    Profit growth, 2026

    +141.6%

    131.2% a year over the period

    Profit margin (PAT)

    9.4%

    EBITDA margin 11.91%

    ROE / ROCE

    51.53% / 45.73%

    As published in the offer document

    Debt to equity

    0.19

    Promoter holding

    100% → 72.9%

    Before → after the IPO

    Issue mix

    100% fresh / 0% sale

    Fresh issue goes to the company, offer for sale to selling shareholders

    GMP-implied gain per lot

    ₹4,000

    2000 shares on ₹2,60,000. GMP is unofficial.

    What stands out

    • Profit grew 141.6% in 2026.
    • Priced at a 59.7% discount to the peer median P/E of 42.9.
    • GMP has been rising over the last three readings.

    Watch-outs

    • 1 use-of-proceeds item(s) have no disclosed amount.
    Listing price scenarios
    If the current GMP holds132.00+1.5%
    If GMP moves to the low end of the current source range131.50+1.2%
    If the grey market premium disappears130.000%

    Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.

    Not yet available for this IPO: published risk factors.

    Plain-English analysis of Sham Foam

    An AI writes a short explanation using only the verified numbers above. It does not say whether to apply, and any statement that does not match the data is removed.

    Sham Foam IPO Review

    Analysis based on live GMP, subscription, and issue details.

    As of today, Sham Foam IPO is trading at a grey market premium (GMP) of +₹2 (+2% estimated listing gain), indicating positive market sentiment.

    The IPO has been subscribed 2.4x overall — QIB: —, NII: 2.17x, Retail: 2.62x.

    Sham Foam IPO subscription has closed. The shares are expected to list on August 18, 2026.

    The minimum investment required is ₹2,60,000 for 2000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.

    Key strengths include: Review: Neutral.

    Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

    Sham Foam IPO — Frequently Asked Questions

    What is Sham Foam IPO GMP today?

    Sham Foam IPO GMP (grey market premium) today is +₹2, suggesting an estimated listing gain of +2%. GMP is indicative and subject to change.

    What is the price band of Sham Foam IPO?

    The price band for Sham Foam IPO is ₹130 - ₹130 with a lot size of 2000 shares. The minimum investment required is ₹2,60,000.

    When is Sham Foam IPO allotment date?

    Sham Foam IPO allotment is expected to be finalised on August 14, 2026. You can check your allotment status on the registrar's website (Alankit Assignments Ltd.) using your PAN number.

    When will Sham Foam IPO list on NSE/BSE?

    Sham Foam IPO is expected to list on BSE SME on August 18, 2026.

    How to check Sham Foam IPO allotment status?

    To check Sham Foam IPO allotment status, visit the registrar's website (Alankit Assignments Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

    Should I apply for Sham Foam IPO?

    Sham Foam IPO has a GMP of +₹2. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.

    What is the lot size of Sham Foam IPO?

    The lot size for Sham Foam IPO is 2000 shares per lot. The minimum investment for retail investors is ₹2,60,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.

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