SME NSE • BSE Financial Services

Sham Foam Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

Listed
Price Band ₹130 per share per share
Lot Size 2000 Shares
Min. Investment ₹260000
Issue Size ₹40.48 Cr
Face Value ₹10
IPO Open 11 August 2026
IPO Close 13 August 2026
Allotment 14 Aug 2026
Listing 18 Aug 2026
Live demand

Subscription status for Sham Foam Ltd IPO

As of 02 May 26, 5:00 PM. Will get Updated in every 30 minutes

QIB 3.42x

Qualified Institutional Buyers

NII 2.15x

Non-Institutional Investors

Retail 1.84x

Retail Individual Investors

Total 2.48x

Across all investor categories

Key dates

IPO schedule for Sham Foam Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 11 Aug 2026
IPO Close 13 Aug 2026
Allotment 14 Aug 2026
Refund / Unblock 17 Aug 2026
Listing 18 Aug 2026
About the company

Who is Sham Foam Ltd ?

Sham Foam Limited was originally incorporated at Haryana as 'Sham Foam Private Limited' on June 26, 2020 with the Central Registration Centre. Pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on August 10, 2024, the Company was converted into a Public Limited Company, and the name was changed to 'Sham Foam Limited' vide fresh certificate of incorporation dated September 20, 2024 issued by the Central Processing Centre.

Company is primarily engaged in the business of manufacturing, distribution, marketing and selling of Polyurethane Foam, mattresses and other allied home comfort products targeted at Indian consumers. It manufacture Industrial grades of PU Foam that is used in a wide range of industries in India. The installed capacity for foam production in India is currently at 15,000 TPA.

The foam-based product line comprises mattresses, pillows, furniture-cushions, cushions as well as PU foam cores utilised for manufacturing finished home comfort products. Apart from this, Company specialize in manufacturing of customized Polyurethane (PU) Foam and Mattress to suit the specific requirements of customers. These mattresses are offered under the brand Featherfresh and Restivia range, combining spring and rebounded foam.. Further, pillow and cushions comprises PU Foam that constitutes upholstery material of different densities to ensure greater comfort and durability.

Company has filed a Draft Prospectus with SEBI and is planning to issue 31,25,000 Equity Shares of FV of Rs 10/- each.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income92.3981.6273.89
EBITDA11.245.314.71
PAT8.653.582.97
AUM49.3236.5833.55

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • Leveraging the experience of the Promoter and employees.
  • In-house manufacturing facility supported by technology driven process.
  • Extensive and well-developed pan-India sales and distribution network.
  • Long-standing relationship with its dealers.
  • Focus on Quality and Timely Delivery.

Risks

  • There are outstanding litigation proceedings involving the Company, its Promoters, an adverse outcome in which, may have an adverse impact on the company's reputation, business, financial condition, results of operations and cash flows.
  • Registered Office cum manufacturing facility of the Company is located on leased premises. If the company is unable to renew such lease agreements or relocate on commercially suitable terms, it may have a material adverse effect on the company's business, results of operations and financial condition.
  • The company's revenues has been significantly dependent on few customers and its inability to maintain such business may have an adverse effect on the company's results of operations.
  • The company has experienced negative cash flows and any negative cash flows in the future could adversely affect its financial conditions and results of operations.
  • Volatility in the supply and pricing of the company's raw materials, or failures by suppliers to meet their obligations, may have an adverse effect on its business, cash flows, financial condition and results of operations.
  • The company's business operations is majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company's revenue and results of operations.
  • The company's business is dependent on its Manufacturing Facility. Any shutdown of operations of the company's Manufacturing Facility may have an adverse effect on its business and results of operations.
  • In the event of any accident at its Manufacturing Facility, the Company may be held liable for damages and penalties which may impact the financials of the Company.
  • Some of the brand names using by the Company has been registered under the name of its Promoter namely Sanjeev Kumar Jindal and Promoter Group member namely, Parwati Devi and they have given their NOC for use of such trademarks to the Company and one of the trademarks is not yet registered. Any discontinuance of such authorisation or non registration may impact its brand image and overall business of the Company.
  • Sheela Foam Limited has instituted a civil case against the Company for of trademark infringement in respect of use of trademark `FEATHER FRESH', an adverse outcome of which, may have an adverse impact on the company's reputation, business, financial condition, results of operations and cash flows.

Sham Foam Ltd IPO — frequently asked questions

The Sham Foam Ltd IPO opens on 11 August 2026 and closes on 13 August 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Sham Foam Ltd IPO is Rs 130 to Rs 130 per share. The lot size is 2000 shares per lot, requiring a minimum investment of Rs 260000 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 2000 lots as per SEBI guidelines.
You can apply for the Sham Foam Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Sham Foam Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 13 August 2026 at 5:00 PM.
Allotment for Sham Foam Ltd IPO is scheduled on 14 Aug 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 17 Aug 2026. The shares are expected to list on 18 Aug 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Sham Foam Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Sham Foam Ltd IPO bid before the subscription window closes on 13 August 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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