Sham Foam IPO Details: Key Dates, Price Band & Investment Overview

By Wealthova | Last Updated: August 10, 2026

Sham Foam Limited is gearing up to make its primary market debut with its upcoming ₹40.48 Crore SME IPO. Operating as a vertically integrated manufacturer of premium polyurethane (PU) foam mattresses, cushions, and home comfort products—most notably under its Featherfresh and Restivia brands—the company is opening its subscription window from August 11 to August 13, 2026. Structured as a fixed-price issue, the shares are offered at ₹130 per equity share, consisting entirely of a ₹40.48 Crore fresh issue aimed at funding critical manufacturing capital expenditure and working capital requirements. Set to list exclusively on the BSE SME platform, market participants are watching closely to see if this fast-growing comfort solutions brand can deliver a comfortable return for early investors. Below, we break down the financial health, risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!

Sham Foam Limited, incorporated in 2020, is a rapidly growing, vertically integrated manufacturer and distributor of home comfort solutions and industrial-grade polyurethane (PU) foam. Based out of Haryana, the company manages the entire value chain—from product design and engineering to manufacturing, distribution, and direct customer engagement.

• Premium Mattresses & Home Comfort: The company specializes in customized sleeping solutions, marketing its mattresses under the popular 'Featherfresh' and 'Restivia' brands. Their portfolio includes pure foam mattresses, hybrid variants (spring and rebonded foam), pillows, and customized cushions.
• Industrial-Grade PU Foam: Beyond retail bedding, Sham Foam produces high-quality PU foam cores and materials heavily utilized across multiple sectors, including furniture, apparel, automotive seating, and sports goods.
• State-of-the-Art Manufacturing: Operations are driven by a massive 2,04,460 sq. ft. manufacturing facility in Ambala, Haryana. The plant is fully certified with ISO 9001:2015 and BIS (IS 7933:2022) standards and boasts an impressive installed production capacity of 15,000 Tonnes Per Annum (TPA).
• Robust Distribution Network: The company has aggressively expanded its footprint, operating a widespread sales and distribution network spanning 13 states, with a dominant market presence across North India.

The Sham Foam IPO is an SME fixed-price issue aiming to raise ₹40.48 Crore. Notably, this is a 100% Fresh Issue of 31.14 Lakh equity shares, meaning no existing promoters or shareholders are offloading their stakes (no Offer for Sale component).

The company proposes to utilize the net proceeds from this fresh issue for the following core objectives:

• Manufacturing Expansion & Capex (₹13.72 Crore): A significant portion of the funds will be directed toward capital expenditure. This includes civil construction and the procurement of advanced machineries and equipment to upgrade and expand its existing Ambala manufacturing facility.
• Working Capital Requirements (₹14.25 Crore): To support its rapid pan-India expansion and scale its daily operations, the company will inject this capital to part finance the working capital needs of the business.
• General Corporate Purposes: The remaining balance will be strategically allocated to meet general corporate purposes.