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Sihora Industries Ltd
TextilesIPOSME
₹66 - 66
Our Company, Sihora Industries Limited, was incorporated on August 10, 2023, as a private limited company and was converted into a public limited company on July 17, 2024. Our Company was founded by Mr. Gautam Vallabhbhai Sihora and Mrs. Priyal Gautamkumar Sihora to take over the business of `Sihora Narrow Fabrics'. Based in Surat, Gujarat, our Company is engaged in the manufacturing and sale of narrow woven fabrics and industrial textiles such as laces, tapes, elastics, zippers and ribbons. Our manufacturing unit operates on promoter-owned infrastructure and is equipped with modern machinery, with further automation planned through the Issue proceeds.
Lot2,000Min Invest₹2,64,000Face Value₹10Issue Size₹11 CrFresh Issue₹11 CrListing Price₹70CMP₹62
Timeline
10 Oct
Bidding opens
14 Oct
Bidding closes
15 Oct
Allotment
16 Oct
Refund & demat credit
17 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹11 Cr0.16 Cr shares
Fresh Issue₹11 Cr
Face Value₹10
Lot Size2,000 shares
Application Sizes
Retail₹2,64,0001-1 lots
sNII₹2,64,000from 2 lots
bNII₹10,56,000from 8 lots
Managers & Registrar
Lead ManagerSobhagya Capital Options Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100.01%69.97%Public-0.01%30.03%
Objects of the Issue
- Funding Capital Expenditure towards purchase of additional plant & machinery
- Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial Institutions
- To meet additional working capital requirements
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 6 | 15 | 19 |
| Operating ProfitCr | 1 | 3 | 2 |
| OPM% | 15.4 | 22.6 | 10.5 |
| PBTCr | 0 | 3 | 1 |
| PATCr | 0 | 2 | 1 |
| EPS | 1 | 5 | 2 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 1 | 4 | - |
| ReservesCr | 3 | 2 | - |
| BorrowingsCr | 2 | 5 | - |
| Total AssetsCr | 7 | 13 | - |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 1 | 0 | -3 |
| Investing Cash FlowCr | -3 | -2 | -3 |
| Financing Cash FlowCr | 2 | 2 | 6 |
| Net Cash FlowCr | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Long term Relationship with the Clients.
- Visible growth through a robust order book.
- Scalable Business Model.
Strategies · as stated in the DRHP
- Focus on consistently meeting quality standards.
- Expanding Operations.
- Increasing Operational efficiency.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
Risks · as stated in the DRHP
- The company's manufacturing and operational facilities are concentrated in a single geographical region, and any adverse developments in this region could materially impact its business operations and financial performance.
- The company has only one Manufacturing facility, continued operation of its manufacturing facility is critical to the company's business and any disruption in the operation of its manufacturing facility may have a material adverse effect on the company's business, results of operations and financial condition.
- A significant portion of its revenue is derived from a limited number of customers. The company's top five customers contributed 49.68%, 57%, 56.82%, 48.57%, and 43.93% of its total revenue during the period April 1, 2025 to August 31, 2025, Fiscal 2025, the period October 18, 2023 to March 31, 2024, the period April 1, 2023 to October 17, 2023, and Fiscal 2023, respectively, based on our Restated Financial Statements. Any loss of such major customers or a significant reduction in their demand could materially and adversely affect the company's business, financial condition, cash flows, and results of operations.
- The company relies on its top five suppliers for a significant portion of the company's revenues and raw material sourcing, and lack of long-term agreements with them may adversely affect its business.
- The company's operations are conducted from premises not owned by the company, and any disruption in the company's current arrangements may affect its business.
- The company's manufacturing operations are subject to risks including equipment failures, accidents, and natural disasters which could disrupt production.