Sihora Industries IPO is a fixed-price offering worth ₹10.56 crore, comprising a fresh issue of 0.16 crore equity shares.
The IPO will open for subscription on October 10, 2025, and close on October 14, 2025. The basis of allotment is expected to be finalized on October 15, 2025, with the company’s shares proposed to be listed on the BSE SME platform on October 17, 2025.
The issue price has been set at ₹66 per share. The minimum lot size is 2,000 shares, requiring a minimum investment of ₹2,64,000 for retail investors. For HNI investors, the minimum investment is 3 lots (6,000 shares), amounting to ₹3,96,000.
Sobhagya Capital Options Pvt Ltd is the book running lead manager and Bigshare Services Pvt Ltd is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt Ltd. Refer to Sihora Industries IPO RHP for complete details.
Sihora Industries IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- ₹200 lakh for funding capital expenditure towards the purchase of additional plant and machinery.
- ₹257.63 lakh for repayment or prepayment, in full or in part, of borrowings from banks and financial institutions.
- ₹350 lakh to meet additional working capital requirements.
- ₹155 lakh for general corporate purposes.
About Sihora Industries Limited
Sihora Industries Limited is engaged in the manufacturing and sale of narrow woven fabrics, lace, digitally printed narrow fabrics, woven labels, tapes, zippers, elastics, and other textile products, including technical textiles used across the fashion and industrial sectors.
The company’s operations are headquartered in Surat, Gujarat, a well-known textile manufacturing hub. Sihora integrates technology with traditional textile processes to cater to apparel clients, proprietary brands, and contract customers. It manufactures customisable products for brands, retailers, wholesalers, and end consumers.
Sihora Industries operates an integrated textile manufacturing facility in Surat, which handles end-to-end processes such as yarn processing, weaving, digital printing, embroidery, dyeing, and finishing. The facility is equipped with advanced infrastructure for digital printing (reactive and sublimation), weaving through rapier and needle looms, electronic jacquard weaving, and standard finishing processes. The integration of multiple manufacturing functions within one location helps the company minimize production delays, ensure quality standards, and enhance cost and process efficiency, thereby supporting timely delivery and varied customer needs.
The Surat location provides the company with logistical advantages, including access to well-developed transportation networks, local suppliers, and a skilled workforce. Raw materials are primarily sourced from within Gujarat, helping reduce procurement time and logistics costs. The concentration of textile industry players in the region further supports access to ancillary services and production inputs.
Sihora Industries has established and maintained long-term relationships with customers and suppliers, ensuring continuity in business operations and procurement efficiency. The company’s receipt of repeat orders from customers reflects its ability to maintain strong business linkages and operational reliability.
For the period from April 1, 2025, to August 31, 2025, the company’s installed capacity for narrow woven fabric (including labels, woven lace and border, suit, and dupatta) stood at 3,27,600 meters, with a capacity utilization of 2,94,840 meters, representing a 90 percent utilisation rate.
Industry Outlook
- The technical textiles market in India is witnessing strong growth, with the automotive textiles segment expected to rise from US$ 2.4 billion in 2020 to US$ 3.7 billion by 2027, while the industrial textiles market is projected to grow at an 8% CAGR to reach US$ 3.3 billion during the same period.
- The overall Indian textiles market is anticipated to exceed US$ 209 billion by 2029, supported by innovation, sustainability initiatives, and the use of natural recyclable materials by leading industry players.
- Rising consumerism, higher disposable incomes, and increased participation of global brands are driving expansion in the retail sector, further boosting textile demand from industries like housing, hospitality, and healthcare.
How To Apply for the Sihora Industries IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Sihora Industries IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Sihora Industries IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Sihora Industries Limited
Registered office: Plot 34/D-1, Laxminarayan, BRC Compound, Udhna, Mangrol, Surat-394210, Gujarat, India
Phone: +91 98241 52000
Email: info@sihoragroup.com
Sihora Industries IPO Reservation
| Investory Category | Shares Offered |
| Market Maker Shares Offered | 80,000 (5.00%) |
| NII (HNI) Shares Offered | 7,60,000 (47.50%) |
| Retail Shares Offered | 7,60,000 (47.50%) |
| Total Shares Offered | 16,00,000 (100.00%) |
Sihora Industries IPO Lot Size Details
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,64,000 |
| HNI (Min) | 3 | 6,000 | ₹3,96,000 |
Sihora Industries IPO Promoter Holding
Mr. Gautam Vallabhbhai Sihora and Mrs. Priyal Gautamkumar Sihora are the company promoters.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue  | 69.97% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Sihora Industries IPO
| KPI | Value |
| RoCE (%) | 9.95 |
| RoE (%) | 7.83 |
| PAT Margin (%) | 7.71 |
| EBITDA Margin (%) | 19.41 |
Sihora Industries IPO Prospectus
Sihora Industries IPO Registrar and Lead Managers
Sihora Industries IPO Lead Managers
- Sobhagya Capital Options Pvt Ltd
Registrar for Sihora Industries IPO
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
Financial Performance of Sihora Industries Limited
| Particulars | From April 01, 2025 to August 31, 2025 | FY 2025 | August 10, 2023 to March 31, 2024 |
| Revenue from Operations (₹ in lakh) | 580.14 | 1456.20 | 621.10 |
| EBITDA (₹ in lakh) | 112.60 | 329.21 | 95.54 |
| Profit After Tax (₹ in lakh) | 44.71 | 187.26 | 32.14 |
| Net Worth (₹ in lakh) | 570.75 | 526.03 | 338.77 |
Strengths and Opportunities of Sihora Industries Limited
- The promoters possess over 17 years of experience in the textile industry, providing the company with deep industry knowledge and operational expertise.
- The company has the capability to produce high-quality, specialized textile products that maintain consistent standards across batches.
- Sihora Industries offers a wide range of products in various materials, sizes, and designs, catering to diverse customer preferences and market needs.
- The company benefits from a strong and efficient operational network that supports smooth production and distribution processes.
- Its manufacturing facility is strategically located in Surat, Gujarat, providing access to robust infrastructure, skilled labor, and excellent connectivity to suppliers and customers.
- The company’s integrated production setup enables better quality control, reduced lead times, and cost efficiency, enhancing its competitive edge in the textile market.
- Sihora Industries is exploring new markets and product segments such as medical textiles, adventure sports materials, water-resistant zippers, webbing slings, and lashing slings, which present strong growth opportunities.
- The company plans to introduce complementary products like garment accessories and eco-friendly materials, helping diversify its revenue streams and align with sustainable industry trends.
Risks and Threats of Sihora Industries Limited
- The company’s dependence on external suppliers for raw materials exposes it to potential risks arising from supply chain disruptions or price fluctuations.
- Demand for certain specialised textile products is seasonal and influenced by changing customer preferences.
- Over-reliance on a specific geographical market limits diversification and may restrict future growth opportunities if demand weakens in that region.
- Economic slowdowns or recessions can negatively impact consumer spending, particularly on non-essential or premium textile products.
- Rapid changes in fashion trends and customer preferences could reduce demand for some of the company’s existing specialised products.
- Supply chain disruptions caused by natural disasters, political instability, or global events such as pandemics could hinder timely procurement and delivery.
- Intense competition in the textile industry, both from domestic and international players, may put pressure on pricing and profit margins.
- Rising costs of raw materials, labor, or energy could adversely affect production expenses and overall profitability if not effectively managed.
