Sheela Foam Ipo Price

Sheela foam ipo price

हिन्दी SHEELA FOAM FOR LONG TERM INVESTMENT

Sheela Foam IPO

Incorporated in 1971, Sheela Foam is a leading manufacturer of mattresses and polyurethane (PU) Foam in India. The company sells mattresses under the “Sleepwell” brand while it also manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of PU Foam for a wide range of industries.

As part of its home comfort range, Sheela Foam offers various products such as mattresses, furniture-cushioning, pillows, cushions, sofa-cum-beds, pillows, bolsters and cushions, sofa-cum-beds and comfort accessories like bed sheets, baby care sheets and mattress protectors.

In FY2016, the home comfort business generated INR1,016.5 crore in revenues, constituting 65.6% of the company’s top line.

Sheela foam ipo price

The company also manufactures and sells technical grade foam to a diverse range of industries, including automotive foam used to manufacture auto parts; reticulated foams utilised in filtration systems; ultra-violet stable foams used for the manufacture of garments, shoes and innerwear; and technical foams that are used in industrial sound absorption systems.

Through its Australian business, it also makes PU Foam that is supplied to manufacturers of comfort products and home furniture and industrial PU Foams supplied to manufacturers of auto components, sound absorption systems, medical equipment and food packaging material.

Sheela foam ipo price

In FY2016, revenues from technical and PU foam business stood at INR533.5 crore, or 34.42% of the company’s annual revenue.

Sheela Foam currently owns and operates 11 manufacturing facilities in India. All of its facilities are utilized for manufacturing home comfort products, while five of these facilities also manufacture PU Foam.

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Three of its facilities located in Greater Noida, Talwada and Hyderabad are ISO:9001 certified. In addition, its fully owned subsidiary Joyceoperates five manufacturing facilities in Australia that make PU Foam.

Promoter of Sheela Foam: Sheela Gautam, Rahul Gautam, Polyflex Marketing Pvt.

Sheela foam ipo price

Ltd.

Sheela Foam IPO details
Subscription Dates29 Nov – 1 Dec 2016
Price BandINR680 – 730 per share
Fresh issueNil
Offer For SaleINR510 crore
Total IPO sizeINR510 crore
Minimum bid (lot size)20 shares
Face Value INR5 per share
Retail Allocation35%
Listing OnBSE, NSE

 

 

Sheela Foam’s consolidated financial performance (in INR crore)

FY2012FY2013FY2014FY2015FY2016
Total revenue1,050.81,161.41,271.61,428.21,566.8
Total expenses1,038.81,121.81,235.51,370.71,414.8
Profit after tax7.730.827.842.7104.8

Sheela Foam Ltd 
37/2, Site IV, Sahibabad Industrial Area,
Ghaziabad 201010, Uttar Pradesh

Phone: +91 120 4162 200
Fax: +91 120 4162 282
Email:[email protected]
Website: www.sheelafoam.com

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in

Sheela Foam IPO Subscription Details         

CategoryShares offered

Subscription (no.

of times, at 7 PM) 

Day 1

Day 2

Day 3

QIB

1,500,001

0.00 0.09 14.51
NII

1,125,000

0.00

 0.01 3.53
Retail

2,625,000

0.02

 0.06 0.40

Total

5,250,001

0.01

 0.065.06

Sheela Foam IPO allotment status will be available on Link Intime’s website.

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Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo

IPO Opening Date: 29 November 2016

IPO Closing Date: 1 December 2016

Finalisation of Basis of Allotment: 6 December 2016

Initiation of refunds: 7 December 2016

Transfer of shares to demat accounts: 8 December 2016

Listing Date: 9 December 2016

Listing Price on NSE: INR860 per share (profit of 17.8% over IPO price)

Closing Price on NSE: INR1,032 per share (profit of 41.4% over IPO price)