Sham Foam came to market through an SME IPO that opened on 11 August 2026 and closed on 13 August 2026, and the shares listed on 18 August 2026 on BSE SME. The price band was ₹130 per share and one lot was 1000 shares, so the minimum application was ₹1,30,000. The issue size was ₹40.48 crore. The whole issue was fresh shares, so the money raised went to the company.
It listed at ₹104, a loss of 20% against the issue price of ₹130. Alankit Assignments Ltd was the registrar to the issue, and Corporate Makers Capital Ltd., Navigant Corporate Advisors Ltd were the lead managers.
As of 13 August 2026.
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Overall the issue was subscribed 2.45 times.
Formally Incorporated in the year 2020, Sham Foam is an entity that is involved in the manufacture, distribution, marketing, and selling of polyurethane foam (PU Foam), mattresses, and similar home comfort products, mainly targeting the Indian market. Further, it manufactures industrial PU foam, which finds its usage in multiple industries such as furniture, apparels, sports goods, and automobiles. The diverse product range includes mattresses, pillows, cushions, furniture cushioning, and PU foam core, which can be found in home comfort products.
This company is specialized in providing customized PU foam and mattresses according to individual customer needs. The mattresses offered by it are branded as Featherfresh and Restivia, which include pure foam and hybrid (spring and rebonded foam) mattresses as well. The pillows and cushions are branded under Featherfresh and are made from different densities of foam to give enhanced comfort and durability.
Being a vertically integrated company, it controls the whole value chain from design and engineering of products to manufacturing and distribution. The company works in 13 states and at present provides our products in different cities of India such as Bihar, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, and Uttarakhand.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal, Abhinav Jindal, Kunal Jindal, Charming Fashions Pvt.Ltd..
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Sham Foam IPO was a ₹40.48 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹130 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,60,000). The IPO was open from August 11 to August 13, 2026 and was subscribed 2.45x. Shares listed on BSE SME on August 18, 2026 at ₹104, a 20.0% discount to the issue price of ₹130. Alankit Assignments Ltd. is the registrar.
Corporate Makers Capital Ltd. and Navigant Corporate Advisors Ltd. are the book running lead managers.
The issue price of Sham Foam IPO is ₹130 per share (fixed price).
The lot size of Sham Foam IPO is 1000 shares.
The minimum investment for Sham Foam IPO is approximately ₹2,60,000 based on the issue price.
The allotment date of Sham Foam IPO is Aug 14, 2026.
You can check Sham Foam IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Sham Foam IPO allotment status on Rupix for quick and easy access.
₹130 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,30,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,30,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 11 August 2026 and closed on 13 August 2026.
The basis of allotment was published on 14 August 2026 by Alankit Assignments Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 18 August 2026 on BSE SME, opening at ₹104.
The issue size was ₹40.48 crore. The fresh issue was 31,14,000 shares (aggregating up to ₹40.48 crore).
It listed at ₹104 against an issue price of ₹130, a loss of 20 percent on listing day.