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₹130 - 130
Sham Foam Ltd
Consumer DurablesIPOSME
₹130 - 130
We are primarily engaged in the business of manufacturing, distribution, marketing and selling of polyurethane foam ("PU Foam"), mattresses and other allied home comfort products targeted primarily at Indian consumers. We also manufacture Industrial grades of PU Foam that is used in a wide range of industries in India.
Lot1,000Min Invest₹2,60,000Face Value₹10Issue Size₹40 CrFresh Issue₹40 CrListing Price₹104CMP₹69
Timeline
11 Aug
Bidding opens
13 Aug
Bidding closes
14 Aug
Allotment
17 Aug
Refund & demat credit
18 Aug
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹40 Cr0.31 Cr shares
Fresh Issue₹40 Cr
Face Value₹10
Lot Size1,000 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,60,0001-1 lots
sNII₹2,60,000from 2 lots
bNII₹10,40,000from 8 lots
Managers & Registrar
Lead ManagerCorporate Makers Capital Limited
Co-ManagerNavigant Corporate Advisors Limited
RegistrarAlankit Assignments Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%72.89%Public0.01%27.11%
Objects of the Issue
- To finance the Capital expenditure requirements for civil construction and purchase of Machineries and Equipments for existing manufacturing facility.
- To part finance the requirement of Working Capital.
- General corporate purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 17 | 74 | 81 | 92 |
| Operating ProfitCr | 7 | 5 | 5 | 11 |
| OPM% | 39.7 | 6.2 | 6.0 | 12.1 |
| PBTCr | 2 | 4 | 4 | 10 |
| PATCr | 1 | 3 | 4 | 9 |
| EPS | - | 4 | 4 | 10 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | - | 0 | 8 | 8 |
| ReservesCr | - | 9 | 4 | 13 |
| BorrowingsCr | - | 10 | 9 | 4 |
| Total AssetsCr | - | 34 | 37 | 49 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -4 | 7 | 0 | 13 |
| Investing Cash FlowCr | 0 | -1 | 0 | -2 |
| Financing Cash FlowCr | 5 | -4 | -1 | -5 |
| Net Cash FlowCr | 1 | 2 | -1 | 5 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- Expand our customer base.
- Expansion of Geographic Reach.
- Continue to strive for cost efficiency.
- Attract, train and retain qualified personnel.
- Continue to focus on development of personalised products.
- Focus on consistently meeting quality of our products.
Risks · as stated in the DRHP
- 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.