GMP IPO Watch
Sham Foam IPO 2026: FY2026 Profit Jump, PU Foam Expansion, Final-Day Subscription and Business Analysis
Sham Foam IPO closes August 13, 2026 at ₹130 per share. Explore its ₹40.48 crore BSE SME i...
Read Article
S
SME IPO
LISTED
BSE SME
SHAM
Sham Foam IPO
Sham Foam IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹9
+6.9%
Est. Listing: ₹139.00
Price Band
₹130
Per equity share
Lot Size
1000 Shares
Min Invest: ₹2,60,000
Issue Size
₹40.48 Cr
Total Public Offering
Issue Dates
10 August 2026 – 12 August 2026
Bidding period
Subscription
2.4x
Total overall demand
Sham Foam IPO Details
Key facts at a glance| IPO Open Date | 10 August 2026 | IPO Close Date | 12 August 2026 |
|---|---|---|---|
| Basis of Allotment | 13 August 2026 | Listing Date | 17 August 2026 |
| Price Band | ₹130 per share | Face Value | ₹10 per share |
| Market Lot Size | 1000 Shares | Min Investment (Retail) | ₹2,60,000 |
| Total Issue Size | ₹40.48 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | TBA | ||
Sham Foam IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 10 August 2026 | Confirmed |
| IPO Close Date | 12 August 2026 | Confirmed |
| Basis of Allotment | 13 August 2026 | Tentative |
| Initiation of Refunds | 17 August 2026 | Tentative |
| Credit of Shares to Demat | 17 August 2026 | Tentative |
| IPO Listing Date | 17 August 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 13 August 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Sham Foam IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,000 Shares | ₹2,60,000 |
| Retail (Max) | 2 Lots | 2,000 Shares | ₹2,60,000 |
| S-HNI (Min) | 3 Lots | 3,000 Shares | ₹3,90,000 |
| S-HNI (Max) | 7 Lots | 7,000 Shares | ₹9,10,000 |
| B-HNI (Min) | 8 Lots | 8,000 Shares | ₹10,40,000 |
Sham Foam IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹9 +6.9%
Estimated Listing Price
₹139.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 13 Aug 2026 | ₹9 | ₹139.00 | +6.92% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Sham Foam IPO Subscription Status
Demand breakdown by investor category
Retail
2.62x
QIB
—
NII / HNI
2.17x
Total
2.40x
About Sham Foam
Sham Foam Limited is primarily engaged in the business of manufacturing, distribution, marketing, and selling of polyurethane (PU) foam, mattresses, and other allied home comfort products targeted mainly at Indian consumers. The company also manufactures industrial grades of PU foam used in a wide range of industries. Its diversified product portfolio includes mattresses, pillows, and furniture cushions under the brands ‘Featherfresh’ and ‘Restivia’. The company, which specializes in customized PU foam and mattresses, operates a vertically integrated business model, controlling operations from product design and engineering to manufacturing and distribution. A significant portion of its revenue is derived from the sale of PU foam. The company owns and operates a manufacturing facility in Haryana, which is accredited with ISO 9001:2015 and BIS certifications for its quality management systems.
Key Strengths
- The company operates an accredited in-house manufacturing facility in Haryana.
- The vertically integrated model covers design, production, and distribution.
- The business delivered a strong 51.53% Return on Equity in FY26.
- The distribution network spans 13 states with over 1,300 dealers.
- Long-term debt was aggressively reduced to a 0.19x debt-to-equity ratio
Key Risks
- Ongoing legal proceedings include a ₹536.42 Lakh dispute with Sheela Foam.
- Raw material costs are highly volatile and exceed 78% of revenue.
- All production is concentrated at a single facility in Haryana.
- The primary manufacturing facility is located on leased premises.
- High trade receivable days of 93 days strain working capital.
Sham Foam IPO Reservation & Share Quotas
The Sham Foam IPO is a Fixed Price Issue with the net offer divided between Non-Institutional Investors (NII) and Retail Individual Investors (RII). As per the proposed reservation structure, both investor categories have been allocated an equal share of the net issue.
A total of 14,79,000 equity shares are offered to the NII category, representing 50% of the issue, while another 14,79,000 equity shares are reserved for retail investors, representing the remaining 50%.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Non-Institutional Investors (NII) | 14,79,000 Shares | 50% |
| Retail Individual Investors (RII) | 14,79,000 Shares | 50% |
Note: The above reservation structure is based on the proposed IPO allocation. The final number of shares allotted to investors will depend on subscription levels and the basis of allotment finalized after the issue closes.
Sham Foam IPO Important Dates
The Sham Foam IPO will open for subscription on August 11, 2026 and close on August 13, 2026. The basis of allotment is expected to be finalized on August 14, 2026. Refunds for unsuccessful applicants and the credit of allotted equity shares to successful investors' demat accounts are scheduled for August 17, 2026.
The equity shares of Sham Foam are proposed to be listed on the BSE SME platform on August 18, 2026. Investors should keep track of these important dates to monitor the subscription, allotment, refund, demat credit, and listing process.
| IPO Event | Date |
|---|---|
| IPO Open Date | August 11, 2026 |
| IPO Close Date | August 13, 2026 |
| Basis of Allotment | August 14, 2026 |
| Refunds | August 17, 2026 |
| Credit to Demat Account | August 17, 2026 |
| IPO Listing Date | August 18, 2026 |
Note: The above IPO schedule is tentative and may be revised by the company, registrar, or stock exchange. Investors should check the latest official announcements for any changes to the IPO timeline.
Sham Foam IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 11 Aug 2026 |
| IPO Close Date | 13 Aug 2026 |
| Basis of Allotment | 14 Aug 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 18 Aug 2026 |
Note: The timeline for ଶ୍ୟାମ ଫୋମ୍ IPO is tentative and subject to change.
Sham Foam Objects of the Issue & Utilisation of Proceeds
Sham Foam intends to utilize the net proceeds from its IPO primarily to strengthen its manufacturing infrastructure and support the company's working capital requirements. A portion of the proceeds will be deployed towards civil construction as well as the purchase of machinery and equipment for the company's existing manufacturing facility.
The company also plans to use part of the IPO proceeds to finance its working capital requirements, which can support day-to-day operations and future business growth. The remaining proceeds will be utilized for general corporate purposes.
| Purpose | Amount |
|---|---|
| To finance the capital expenditure requirements for civil construction and purchase of machineries and equipment for the existing manufacturing facility | ₹13.72 Crores |
| To part finance the requirement of Working Capital | ₹14.25 Crores |
| To meet General Corporate Purposes | ₹- |
Note: The proposed utilisation of IPO proceeds is based on the objectives of the issue. The actual deployment of funds may be adjusted in accordance with the company's business requirements and applicable regulatory provisions.
Sham Foam Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Sham Foam Company Financial Report
Sham Foam has shown an improvement in its financial performance over the reported period. After revenue declined from ₹80.53 crores in FY2023 to ₹73.89 crores in FY2024, the company returned to growth with revenue reaching ₹81.62 crores in FY2025 and further increasing to ₹92.39 crores in FY2026.
Profitability has improved more significantly during the same period. Profit After Tax (PAT) increased from ₹0.70 crore in FY2023 to ₹8.65 crores in FY2026. The company's asset base also expanded from ₹27.68 crores to ₹49.32 crores during the four-year period.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹80.53 Cr. | ₹79.68 Cr. | ₹0.70 Cr. | ₹27.68 Cr. |
| 2024 | ₹73.89 Cr. | ₹70.26 Cr. | ₹2.97 Cr. | ₹33.55 Cr. |
| 2025 | ₹81.62 Cr. | ₹77.19 Cr. | ₹3.58 Cr. | ₹36.58 Cr. |
| 2026 | ₹92.39 Cr. | ₹81.94 Cr. | ₹8.65 Cr. | ₹49.32 Cr. |
Amount in ₹ Crores: The above figures summarize Sham Foam's reported revenue, expenses, Profit After Tax (PAT), and total assets for FY2023 to FY2026. Investors should consider these financial trends together with the company's valuation, debt position, business prospects, and IPO pricing.
Sham Foam Company Financial Report
To Be Updated Soon
Sham Foam Company Valuation & Key Performance Indicators
To Be Updated Soon
Sham Foam Peer Group Comparison
To Be Updated Soon
Sham Foam IPO FAQs
Sham Foam IPO opens for subscription on 10 August 2026 and closes on 12 August 2026.
The price band for Sham Foam IPO is set at ₹130.00 per share.
The minimum market lot size is 1000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,000 Shares (₹2,60,000).
The latest Grey Market Premium (GMP) for Sham Foam IPO is ₹9. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Sham Foam IPO is tentatively scheduled for 13 August 2026, and shares are expected to list on the stock exchanges on 17 August 2026.
The registrar details will be confirmed in the official prospectus.
Sham Foam IPO Analysis & Articles
