NEW DELHI, India — Sham Foam IPO Opens: Sham Foam Limited has opened its ₹40.48 crore initial public offering (IPO) for subscription on August 11, 2026, with the issue scheduled to remain open until August 13. The Haryana-based manufacturer of polyurethane foam, mattresses and home-comfort products is raising capital through the BSE SME platform to support capacity-related investments, working capital requirements and general corporate purposes.
- Sham Foam IPO opened on August 11 and will close on August 13, 2026.
- The company has fixed the IPO price at ₹130 per equity share.
- The issue comprises 31.14 lakh equity shares and aims to raise around ₹40.48 crore.
- FY26 revenue rose to ₹92.39 crore, while profit after tax increased to ₹8.65 crore.
Sham Foam IPO opens on BSE SME platform
Sham Foam Limited is offering 31,14,000 equity shares with a face value of ₹10 each at an issue price of ₹130 per share. The IPO is being offered on the BSE SME platform, with the subscription window running from August 11 through August 13.
The market lot has been set at 1,000 shares, while retail investors are required to apply for two lots, according to the supplied IPO details. Corporate Makers Capital Limited is acting as the lead manager for the issue.
The company plans to use the proceeds primarily for civil construction and the purchase of machinery and equipment for its existing manufacturing facility. A portion of the funds will also be used for working capital requirements and general corporate purposes.
Sham Foam business and manufacturing capacity
Established in 2020, Sham Foam manufactures, distributes and markets polyurethane foam, mattresses and related home-comfort products for the Indian market. It also produces industrial-grade PU foam used across sectors such as furniture, apparel, sports goods and automotive applications.
Its product portfolio includes mattresses, pillows, cushions, furniture cushioning and PU foam cores. The company also offers customised foam and mattress solutions based on customer requirements.
Mattresses are sold under the Featherfresh and Restivia brands and include pure foam as well as hybrid products using spring and rebonded foam. Featherfresh is also used for pillows and cushions with different foam densities.
Ambala facility supports 15,000-tonne capacity
Sham Foam operates a manufacturing facility covering approximately 2,04,460 square feet in Ambala, Haryana. The facility is ISO 9001:2015 and BIS (IS 7933:2022) certified.
The plant has an installed foam production capacity of 15,000 tonnes per annum. The company’s vertically integrated operations cover product design and engineering, manufacturing, distribution and customer engagement.
The company currently supplies products across 13 states, including Haryana, Delhi, Punjab, Uttar Pradesh, Maharashtra, Gujarat, Rajasthan, Bihar, Chandigarh, Himachal Pradesh, Jammu and Kashmir, Madhya Pradesh and Uttarakhand.
Its distribution network comprises more than 1,300 dealers, while more than 80 employees work at the manufacturing facility.
Sham Foam financial performance improves in FY26
The company reported a significant improvement in profitability during FY26. Total revenue increased to ₹92.39 crore from ₹81.62 crore in FY25, while profit after tax rose to ₹8.65 crore from ₹3.58 crore.
| Financial Year | Total Revenue | Profit After Tax |
|---|---|---|
| FY24 | ₹73.89 crore | ₹2.70 crore |
| FY25 | ₹81.62 crore | ₹3.58 crore |
| FY26 | ₹92.39 crore | ₹8.65 crore |
The FY26 PAT margin was approximately 9.37%, according to the supplied financial information.
Who are Sham Foam’s promoters?
Rajinder Kumar Jindal is the promoter, chairman and managing director. The 56-year-old has more than 25 years of experience in the home-comfort and foam industry and previously operated a similar business through Aggarwal & Company.
Sanjeev Kumar Jindal, 51, is a promoter and whole-time director with more than 13 years of industry experience. Monica Jindal, 50, is a promoter and executive director and has been associated with the company since September 2020.
Deepika Jindal, 52, is also a promoter and has more than 13 years of experience in company management.
When does the Sham Foam IPO close?
The Sham Foam IPO opened on August 11, 2026, and will close for subscription on August 13, 2026.
What is the Sham Foam IPO price and lot size?
The issue price is ₹130 per equity share. The market lot consists of 1,000 shares, while the supplied details state that retail investors will have to apply for two lots.
Financial Disclaimer: This article is based on the supplied IPO information and is intended for informational purposes only. It does not constitute investment advice, a recommendation to subscribe to the IPO or an offer to buy or sell securities. Investors should review the company’s official offer documents and consult a qualified financial adviser before making investment decisions.
Source Attribution: This report is based solely on the supplied PNN/ANI press release and information stated as being gathered from Sham Foam Limited’s prospectus.
