Sham Foam IPO

Sham Foam IPO is a fixed-price issue of ₹40.48 crore, comprising an entirely fresh issue of 31.14 lakh shares. The IPO will open for subscription on August 11, 2026, and close on August 13, 2026. The allotment is expected to be finalised on August 14, 2026, with the shares proposed to be listed on the BSE SME platform on August 18, 2026. 

The IPO is priced at ₹130 per share, with a lot size of 1,000 shares. Retail investors need to apply for a minimum of 2 lots, or 2,000 shares, requiring an investment of ₹2,60,000. HNI investors can apply for a minimum of 3 lots, or 3,000 shares, amounting to ₹3,90,000. 

Corporate Makers Capital Ltd. is the book-running lead manager for the issue, while Alankit Assignments Ltd. is the registrar. JSK Securities & Services Pvt. Ltd. has been appointed as the market maker. 

Industry Outlook 

1. The India mattress market was valued at USD 240 crore in 2025 and is projected to reach USD 365 crore by 2030, growing at a CAGR of 8.80%. 
2. The market is segmented by product type, mattress size, end user and geography. 
3. Rising awareness of sleep health, increasing urban disposable incomes and the expansion of omnichannel retail are driving mattress demand. 
4. Mattresses are increasingly being viewed as health and wellness products rather than basic furniture. 
5. Organised players are adopting AI-enabled products, strengthening supply chains and expanding showroom networks to reach consumers in Tier-II and Tier-III cities. 
6. Growth in the hospitality sector, supported by India's G20 tourism initiatives, is expected to generate additional B2B demand for mattresses. 
7. The hotel industry’s projected USD 3,101 crore revenue target by 2029 could further support demand and factory utilisation. 
8. D2C mattress brands are disrupting traditional pricing by offering products at 25–50% lower price points. 
9. D2C players are also supporting premiumisation by positioning mattresses around health and wellness benefits. 

Sham Foam IPO Objectives  

The company intends to utilise the net proceeds from the fresh issue for the following purposes: 

• Capital Expenditure: To fund civil construction work and purchase machinery and equipment for its existing manufacturing facility. 
• Working Capital: To meet the company’s working capital requirements. 
• General Corporate Purposes: To support the company’s general business and corporate needs. 

About Sham Foam Limited  

Incorporated in 2020, Sham Foam Ltd. is engaged in the manufacturing, distribution, marketing and sale of polyurethane foam (PU foam), mattresses and other home-comfort products, primarily serving the Indian market. The company also manufactures industrial-grade PU foam for applications across industries such as furniture, apparel, sports goods and automotive. Its product portfolio includes mattresses, pillows, cushions, furniture cushioning and PU foam cores. Sham Foam also offers customised PU foam and mattress solutions based on customer requirements. Its mattresses are marketed under the Featherfresh and Restivia brands and are available in pure foam, spring and rebonded foam variants. 

The company follows a vertically integrated business model, managing activities across product design, engineering, manufacturing, distribution and customer engagement. It operates a 2,04,460 sq. ft. manufacturing facility in Ambala, Haryana, which is certified under ISO 9001:2015 and BIS (IS 7933:2022). The facility has an installed foam production capacity of 15,000 tonnes per annum (TPA) and is strategically located near key customer markets to support efficient logistics and faster deliveries. Sham Foam has a presence across 13 states and supplies its products to cities across Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh and Uttarakhand. 

How To Check the Allotment Status of the Sham Foam IPO? 

Steps to check IPO allotment status on Angel One’s app: 

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email. 

How To Apply for Sham Foam IPO Online? 

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Sham Foam IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

Contact Details of Sham Foam IPO  

Registered Office: Sham Foam Ltd. Address- Khasra No. 18/16/2, Shahzadpur Yamunanager Road, NH-344, Village Rajpura, Tehsil Shahzadpur, Ambala, Haryana, 134202 

Phone: +91-8572071526 

E-mail: info@shamfoam.com 

Sham Foam IPO Reservation 

Sham Foam IPO Promoter Holding 

The promoters of the company are Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal, Abhinav Jindal, Kunal Jindal and Charming Fashions Pvt.Ltd. 

Sham Foam IPO Prospectus 

• Sham Foam IPO RHP 

Sham Foam IPO Registrar and Lead Managers 

Sham Foam IPO Lead Managers 

• Corporate Makers Capital Ltd.
• Navigant Corporate Advisors Ltd. 

Registrar for Sham Foam IPO 

Alankit Assignments Ltd 

• Contact Number: 011-42541234/23541234/42541201
• Email Address: info@alankit.com 

Financial Performance of Sham Foam Limited 

Sham Foam Limited Peer Details Comparison 

Strengths and Opportunities of Sham Foam IPO 

1. The company benefits from the experience and expertise of its promoters and employees. 
2. Sham Foam operates its own manufacturing facility, supported by technology-driven production processes. 
3. The company has an extensive sales and distribution network covering markets across India. 
4. It has established long-term relationships with its dealer network. 
5. The company emphasises maintaining product quality while ensuring timely delivery to customers. 

Risks and Threats of Sham Foam IPO  

1. The company and its promoters are involved in certain ongoing litigation proceedings, which could have an impact on the business and financial performance. 
2. The company’s registered office and manufacturing facility operate from leased premises, exposing it to risks associated with lease renewal and related terms. 
3. A significant portion of the company’s revenue depends on a limited number of customers. Any loss of these customers or reduction in business from them could adversely affect its operations and financial performance. 
4. The company has reported negative cash flows in the past, and continued or future negative cash flows could adversely affect its financial condition and operations. 
5. Fluctuations in the availability and prices of raw materials, or suppliers failing to meet their commitments, could negatively impact the company’s business, cash flows and financial performance.