Sham Foam launches ₹40.48 crore Initial Public Offering
The IPO, which comprises a fresh issue of 31.14 lakh shares, received bids for 57,000 shares on the BSE SME platform, exchange data showed
Sham Foam Ltd initiated its ₹40.48 crore Initial Public Offering (IPO) on Tuesday, garnering bids for 2% of the total offer on the initial day. The issuance includes 31.14 lakh new shares, with bids amounting to 57,000 shares on the BSE SME platform. The IPO price is set at ₹130 per share, closing for subscription on Thursday, August 13.
The funds raised will be allocated towards civil construction, machinery purchase, working capital needs, and general corporate purposes. For FY26, Sham Foam reported total revenue of ₹92.39 crore, up from ₹81.62 crore in FY25, while profit after tax (PAT) rose to ₹8.65 crore from ₹3.58 crore. Corporate Makers Capital Ltd and Navigant Corporate Advisors serve as the lead managers for this issue.
Sham Foam specializes in producing, distributing, marketing, and selling polyurethane foam (PU foam), mattresses, and related home comfort products.
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