Sham Foam IPO GMP today is Rs 9. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
SHAM
Sham Foam IPO GMP & Allotment
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.
- IPO Price Band
- ₹130.00 - ₹130.00
- Lot Size
- 1,000 Shares
- Bidding Closes
- 13 Aug 2026
- Listing Date
- 18 Aug 2026
Quick Answer & Highlights
Sham Foam IPO GMP Today & Key Takeaways
Last updated: 13 Aug 2026
As of 13 Aug 2026, the latest Grey Market Premium (GMP) for Sham Foam IPO is ₹9, pointing to an estimated listing price of Est. ₹139 (+6.92% expected listing gain over the upper price band of Rs 130.00). Public bidding has closed. The basis of allotment is expected on 14 Aug 2026, ahead of stock exchange listing on 18 Aug 2026.
As of 13 Aug 2026, the latest Grey Market Premium (GMP) for Sham Foam IPO is ₹9, pointing to an estimated listing price of Est. ₹139 (+6.92% expected listing gain over the upper price band of ₹130.00). Bidding has closed. The basis of allotment is expected on 14 Aug 2026, ahead of stock exchange listing on 18 Aug 2026.
| Key Metric | Figure | Status / Context |
|---|---|---|
| Current GMP | ₹9 | +6.92% vs upper band (13 Aug 2026) |
| Est. Listing Price | Est. ₹139 | +6.92% Est. Listing Gain |
| Price Band | ₹130.00 - ₹130.00 | SME IPO |
| Retail Minimum Investment | ₹2,60,000 | 2 Lot (1,000 Shares) |
| Bidding Window | 11 Aug 2026 – 13 Aug 2026 | Closed |
| Allotment & Listing Dates | Allotment: 14 Aug 2026 | Listing: 18 Aug 2026 |
Current GMP Status
₹9
+6.92% vs upper band
Est. Listing Gain
+6.92%
Last Trend
13 Aug 2026
Listing Price
Est. ₹139
Retail Entry
₹2,60,000
IPO Details
Complete IPO information
| IPO Open Date | 11 Aug 2026 |
|---|---|
| IPO Close Date | 13 Aug 2026 |
| IPO Price Band | ₹130.00 - ₹130.00 |
| Lot Size | 1,000 Shares |
| Current GMP | ₹9 |
| Estimated Listing Gain | +6.92% |
| Issue Size | Approx ₹40.48 Cr |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | BSE SME |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 2.4x |
| Minimum Investment | ₹2,60,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| NII | 14.79 | 32.1 | 2.17xx |
| Retail | 14.79 | 38.74 | 2.62xx |
| Overall Subscription | 29.58 | 70.91 | 2.40xx |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Sham Foam is priced at ₹130 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,60,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Sham Foam stands at ₹9, implying an estimated listing gain of around 6.92% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Sham Foam's IPO was subscribed 2.4x overall, with a category-wise breakdown of Retail 2.62x, NII 2.17x.
Among the strengths highlighted in Sham Foam's IPO documents: The company operates an accredited in-house manufacturing facility in Haryana.; The vertically integrated model covers design, production, and distribution..
Investors should also weigh the risk factors Sham Foam has disclosed, including: Ongoing legal proceedings include a ₹536.42 Lakh dispute with Sheela Foam..
A share of Sham Foam's issue proceeds is earmarked for Capital Expenditure: 14.72 (36.37%).
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
11 Aug 2026
✓
Bidding Closes
13 Aug 2026
03
Allotment Next
14 Aug 2026
04
Listing
18 Aug 2026
| Event / Milestone | Scheduled Date | Status |
|---|---|---|
| Bidding Opens | 11 Aug 2026 | Completed |
| Bidding Closes | 13 Aug 2026 | Completed |
| Allotment | 14 Aug 2026 | Next Milestone |
| Listing | 18 Aug 2026 | Pending |
Grey Market Premium
Daily GMP status
Trend chart builds up as more daily GMP snapshots are recorded.
| Date | GMP | Change | Gain |
|---|---|---|---|
| 13 Aug 2026 | ₹9.00 | - | 6.92% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,000 | ₹2,60,000 |
| Retail Maximum | 2 Lot | 2,000 | ₹2,60,000 |
| S-HNI Minimum | 3 Lot | 3,000 | ₹3,90,000 |
| S-HNI Maximum | 7 Lot | 7,000 | ₹9,10,000 |
| B-HNI Minimum | 8 Lot | 8,000 | ₹10,40,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Capital Expenditure 14.72 (36.37%)
- General Corporate Purpose 6.04 (14.92%)
Issue Notes
Important takeaways before applying
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
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.
Analysis
Sham Foam IPO Reservation
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.
Analysis
Sham Foam IPO 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.
Analysis
Sham Foam IPO 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 Sham Foam IPO is tentative and subject to change.
Analysis
Sham Foam IPO 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.
Analysis
Sham Foam Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Sham Foam IPO 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.
Analysis
Sham Foam Company Financials
To Be Updated Soon
Analysis
Sham Foam Company Valuation – FY2026
To Be Updated Soon
Analysis
Sham Foam IPO Peer Group Comparison
To Be Updated Soon
Comparison
Compare Sham Foam IPO with similar IPOs
FAQ
Sham Foam IPO FAQs
Based on the latest Grey Market Premium (GMP) of Rs 9 and an issue price of Rs 130, the estimated listing price for Sham Foam IPO is Rs 139.00 (approx 6.92% listing gain). Actual listing price is determined by market demand on the listing day.
Sham Foam IPO price band is Rs 130.00 to Rs 130.00. Check the latest issue price, lot size and GMP together before applying.
Sham Foam IPO open date is 11 Aug 2026, close date is 13 Aug 2026, and listing date is 18 Aug 2026.
Sham Foam IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,60,000.
Sham Foam is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Sham Foam IPO subscription status currently shows Retail 2.62x, NII 2.17x, Overall 2.4x.
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.
Sham Foam IPO issue size is 40.48 and the expected allotment date is 14 Aug 2026.
In our empirical study of 117 Indian IPO listings, positive GMP was followed by a positive listing gain 69.8% of the time. However, as an exact forecast, the median variation between GMP-implied gain and actual listing price was 8 percentage points. GMP reflects informal market sentiment and should always be evaluated alongside company valuation and fundamentals.
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