Thursday, November 17, 2016

Sheela Foam IPO Price Band, Market Lot & Dates Details

Sheela Foam IPO dates are 29 November to 1 December. The price band looks on higher side. The stock market is choppy so investors will look at the listing how this will perform.

Sheela Foam Ltd has a big brand name of Sleepwell and they are leading manufacturer of mattresses and foam based home furnishing products in India. They have other brand names like Feather Form and Lamiflex as well. The company has good number of products which are mainly used in home, hospitals, hotels and institutions. They have good number of multi brand outlets, distributors and dealers. They are doing export to 32 countries.

Sheela Foam Review:

Apply for Listing Gain and Long Term Gain as Well

Sheela Foam IPO Dates & Price Band:

IPO Open: 29 November 2016
IPO Close: 1 December 2016
IPO Size: Approx Rs. 510 Crores
Face Value: Rs. 5 Per Equity Share
Price Band: Rs. 680 to 730 Per Share
Listing on: BSE & NSE

Sheela Foam IPO Market Lot:

  • Shares: Apply for 20 Shares (Minimum Lot Size)
  • Amount: Rs. 14600

Sheela Foam IPO Allotment & Listing:

  • Basis of Allotment: 06 December
  • Refunds: 07 December
  • Credit to demat accounts: 08 December
  • Listing: 09 December

Sheela Foam Financial:

Sheela Foam has good and consistent financial for last 5 years or so. They have good revenues on the cards. In March 2012 their PAT was 8 crores while it increased to 90 crores in March 2016. It means PAT increased to 10 times in last 5 years. Superb performance by Sheela Foam but they are going to list in the market where anything can happen. Let's see how investors look at this.

For the year/period ended (in Rs. Million)

Mar-16 Mar-15 Mar-14 Mar-13 Mar-12
Total Assets 6460.08 5396.71 4706.02 4275.72 3843.92
Total Revenue 12862.71 11501.36 10106.19 8977.91 7452.89
Profit After Tax 902.20 344.40 250.05 240.33 81.12

Company Promoters:

  • Ms. Sheela Gautam
  • Mr. Rahul Gautam
  • Polyflex Marketing Private Limited

Quick Links:

DRHP Draft Prospectus
Red Herring Prospectus

IPO Registrar:

Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969

IPO Lead Managers:

  • Edelweiss Capital Limited
  • ICICI Securities Limited

Company Address:

Sheela Foam Ltd
C-55, Preet Vihar,
New Delhi 110 092
Phone: +91 11 2202 6875
Fax: +91 11 2202 6876

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