Sham Foam IPO
Sham Foam LtdSME
This IPO has listed.
- Open date
- 11 Aug 2026
- Close date
- 13 Aug 2026
- Min. Investment
- ₹2,60,000
- Lot Size
- -
- Fresh Issue
- ₹40.48 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers0.00x
- Non-Institutional Investors0.00x
- Retail-Individual Investors0.00x
- Total0.00x
Schedule
- Completed: IPO open date11 Aug 2026
- Completed: IPO close date13 Aug 2026
- Completed: Allotment date14 Aug 2026
- Completed: Funds unblock or debit17 Aug 2026
- Completed: Tentative listing date18 Aug 2026
About
Promoter shareholding in Sham Foam Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Rajinder Kumar Jindal | 8,26,200 | 9.86% | 8,26,200 | 7.19% |
| Sanjeev Kumar Jindal | 8,26,200 | 9.86% | 8,26,200 | 7.19% |
| Monica Jindal | 6,42,600 | 7.67% | 6,42,600 | 5.59% |
| Deepika Jindal | 6,42,600 | 7.67% | 6,42,600 | 5.59% |
| Charming Fashions Private Limi | 37,86,750 | 45.21% | 37,86,750 | 32.95% |
| Abhinav Jindal | 8,26,200 | 9.86% | 8,26,200 | 7.19% |
| Kunal Jindal | 8,26,200 | 9.86% | 8,26,200 | 7.19% |
Sham Foam IPO Strengths & Risks
- 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: 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.
- Risks Relating to the Business: The company's business is dependent on its Manufacturing Facility. Any shutdown of operations of the company's Manufacturing Facility may have an adverse effect on its business and results of operations.
- Risks Relating to the Business: In the event of any accident at its Manufacturing Facility, the Company may be held liable for damages and penalties which may impact the financials of the Company.
- Risks Relating to the Business: Some of the brand names using by the Company has been registered under the name of its Promoter namely Sanjeev Kumar Jindal and Promoter Group member namely, Parwati Devi and they have given their NOC for use of such trademarks to the Company and one of the trademarks is not yet registered. Any discontinuance of such authorisation or non registration may impact its brand image and overall business of the Company.
- Risks Relating to the Business: Sheela Foam Limited has instituted a civil case against the Company for of trademark infringement in respect of use of trademark `FEATHER FRESH', an adverse outcome of which, may have an adverse impact on the company's reputation, business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The Company does not have any formal contracts with suppliers and disruption in the supply of raw materials may adversely affect its results of operations.
- Risks Relating to the Business: The Company has taken the Registered Office cum manufacturing facility on lease from its Promoters and the same property has been used as security for loan taken by the Company for its machineries.
- Risks Relating to the Business: Under-utilization of the company's manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on the company's business, future prospects and future financial performance.
- Risks Relating to the Business: Delays in Filing with Registrar of Companies, non-filing, or non-compliance with the requirements of certain statutory authorities and applicable regulatory provisions. Any penalty or action taken by any regulatory authorizes in future for non-compliance with provisions of corporate and other law could impact the financial position of the Company to that extent.
- Risks Relating to the Business: The Company requires significant amounts of working capital for a continued growth. Its inability to meet the company's working capital requirements may have an adverse effect on its results of operations.
- Risks Relating to the Business: The home comfort products and foam manufacturing industry is competitive and the company's inability to compete effectively may adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company derives significant portion of its revenues from production and selling of PU Foam and any reduction in demand or in the production of such products could have an adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company sells its foam-based home comfort products and PU foam through various dealers and any inability to expand or effectively manage the company's growing distribution and sales network may have an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on the company's financial condition and cash flows.
- Risks Relating to the Business: The company is susceptible to risks relating to fluctuations in currency exchange rates.
- Risks Relating to the Business: The company's business may expose it to potential product liability claims and recalls, which could adversely affect its results of operation, goodwill and the marketability of the company's products.
- Risks Relating to the Business: The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: Fraud, theft, employee negligence or similar incidents may adversely affect the company's results of operations and financial condition.
- Risks Relating to the Business: The Company is dependent on third party transportation providers for the delivery of its input materials and products and any disruption in their operations or a decrease in the quality of their services could affect the Company's reputation and results of operations.
- Risks Relating to the Business: The company's inability to accurately forecast demand for its products, and accordingly manage the company's inventory, may have an adverse effect on its business, cash flows, financial condition and results of operations.
- Risks Relating to the Business: The Company's failure to maintain the quality standards of the products or keep pace with the technological developments could adversely impact its business, results of operations and financial condition.
- Risks Relating to the Business: If the company is unable to anticipate or respond to changing consumer preferences and trends pertaining to the home comfort products and PU Foam industry in a timely and effective manner, the demand for its products may decline, which may have an adverse effect on the company's business, results of operations and financial condition.
- Risks Relating to the Business: The company is heavily dependent on its Promoters, Key Managerial Personnel and Senior Management for the continued success of the company's business through their continuing services and strategic guidance and support, the loss of any of the Promoter, KMP, SMP may adversely affect its business operations and financial results.
- Risks Relating to the Business: The Company may not be successful in penetrating new geographical markets and expanding in any new geographical regions may lead to additional risks associated with establishing and conducting operations which may adversely affect its business operations and financial results.
- Risks Relating to the Business: The company's results of operations and cash flows could be adversely affected, if the company is unable to collect its dues and receivables from, or invoice the company's unbilled services to, its clients.
- Risks Relating to the Business: The company has entered into and may continue to enter into related party transactions and there can be no assurance that such transactions have been on favourable terms.
- Risks Relating to the Business: Conflicts of interest may arise out of common business undertaken by the Company and its promoter Group Entities.
- Risks Relating to the Business: Failures to effectively manage labour or failures to ensure availability of sufficient labour could affect the business operations of the Company.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company's Promoter may be less than the Issue Price.
- Risks Relating to the Business: The company's lenders has charge over its movable properties in respect of finance availed by it. Any delay or default in repayment may lead to forfeiture of property by the lender and it may adversely affect on business, financial condition or results of operations.
- Risks Relating to the Business: The Company has unsecured loans which are repayable on demand. Any demand loan from lenders for repayment of such unsecured loans, may adversely affect its cash flows.
- Risks Relating to the Business: The company is subject to the restrictive covenants of banks in respect of the Loans/Credit Limits and other banking facilities availed from them.
- Risks Relating to the Business: The company's Promoters has extended mortgage over their properties along with personal guarantees with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.
- Risks Relating to the Business: The company's Promoters will continue to retain significant control in the Company after the Issue which will allow them to influence the outcome of matters submitted to shareholders for approval. Such a concentration of ownership may also have the effect of delaying, preventing or deterring a change in control.
- Risks Relating to the Business: Information relating to the company's production capacities and the historical capacity utilization of its production facilities included in this Prospectus is based on certain assumptions and has been subjected to rounding off, and future production and capacity utilization may vary.
- Risks Relating to the Business: The company could become liable to customers and incur substantial costs as a result of defects in the company's products, which in turn could adversely affect the value of the company's brand, and its sales could be diminished if the company is associated with negative publicity.
- Risks Relating to the Business: If the company fails to maintain and enhance its brand and reputation, its clients' recognition of, and trust in the company, and its business may be materially and adversely affected.
- Risks Relating to the Business: Changes in technology may render the company's current technologies obsolete or requires it to make substantial investments. Inability to adopt emerging technologies could adversely affect its market position.
- Risks Relating to the Business: Negative publicity could adversely affect the company's revenue model and profitability of the Company.
- Risks Relating to the Business: If the company is unable to source business opportunities effectively, its may not achieve the company's financial objectives.
- Risks Relating to the Business: Any delay or default in payment from the company's dealers could result in the reduction of its profits and affect the company's cash flows.
- Risks Relating to the Business: The company's Promoters, Directors and Key Management Personnel or Senior Management have interest in the Company, other than reimbursement of expenses incurred or remuneration.
- Risks Relating to the Business: The company intends to utilise a portion of the Net Proceeds for funding its capital expenditure requirements. The company is yet to place orders for such capital expenditure machinery.
- Risks Relating to the Business: Any Penalty or demand raised by statutory authorities in future will affect its financial position of the Company.
- Risks Relating to the Business: The company requires certain approvals, licenses, registrations and permits to operates its business, and failure to obtain or renew them in a timely manner or maintain the statutory and regulatory permits and approvals required to operates the company's business may adversely affect its operations and financial conditions.
- Risks Relating to the Business: There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of BSE Limited in a timely manner or at all.
- Risks Relating to the Business: The company's insurance coverage may not adequately protect it against certain operating risks and this may have an adverse effect on the results of the company's business.
- Risks Relating to the Business: The company has not made any dividend payments in the past and its ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements, capital expenditures and restrictive covenants in the company's financing arrangements.
- Risks Relating to the Business: If the company is unable to manage its growth effectively or if the company's estimates or assumptions used in developing its strategic plan are inaccurate or the company is unable to execute its strategic plan effectively, the company's business and prospects may be materially and adversely affected.
- Risks Relating to the Business: Certain key performance indicators of listed industry peers included in this Prospectus has been sourced from public sources and there is no assurance that such financial and other industry information is complete.
- Risks Relating to the Business: There is no monitoring agency appointed by the Company and the deployment of funds are at the discretion of its Management and the company's Board of Directors, though it shall be monitored by the Audit Committee.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: The Objects of the Issue for which funds are being raised, are based on the company's management estimates and any bank or financial institution or any independent agency has not appraised the same. The deployment of funds in the project is entirely at its discretion, based on the parameters as mentioned in the chapter titles "Objects of the Issue".
- Risks Relating to the Business: The company has not independently verified certain data in this Prospectus.
- Risks Relating to the Business: Any future issue of Equity Shares may dilute your shareholding and sales of the company's Equity Shares by its Promoters or other major shareholders may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: You may be subject to Indian taxes arising out of capital gains on the sale of the company's Equity Shares.
- Risks Relating to the Business: The company's inability to manage growth could disrupt its business and reduce profitability. The company's Business strategy is to continuously grow by expanding the size and geographical scope of its businesses.
