Sham Foam, a manufacturing company incorporated in Haryana, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an upcoming Initial Public Offering. The IPO is scheduled to open for public subscription on 11-Aug-2026 and close on 13-Aug-2026. While specific details regarding the issue size, price band, and financial performance are currently not available in the preliminary filing, the move marks a significant step for the Haryana-based entity towards listing on Indian stock exchanges.

Company Overview

Sham Foam is registered under the Corporate Identity Number (CIN) U36104HR2020PLC087011, indicating its incorporation in the state of Haryana in 2020. The company operates in the manufacturing sector, specifically associated with NIC code 36104, which broadly covers furniture, foam, and related manufacturing activities.

The company name suggests operations in the foam manufacturing industry, potentially including polyurethane foam, mattresses, cushions, or industrial foam solutions. As a relatively young entity founded in 2020, Sham Foam aims to capitalize on the growing domestic demand for comfort products and home furnishings in northern India. Specific details regarding management, promoters, and competitive strengths have not been disclosed in the current data extract.

Offer Details

The IPO will remain open for subscription for three days, from 11-Aug-2026 to 13-Aug-2026. At this stage, key offer parameters such as the total issue size, fresh issue component, Offer for Sale (OFS), price band, and lot size are not available. The shareOfferSale field is recorded as null, suggesting either no OFS component or that details are pending disclosure.

Financial Highlights

Financial data, including revenue trends, profitability metrics, and key ratios, has not been provided in the source dataset. Investors must wait for the final Red Herring Prospectus (RHP) to review audited financial statements for FY2024, FY2023, and FY2022.

Risk Factors

As the detailed DRHP risk factors are not yet populated, investors should consider general risks applicable to young manufacturing firms:

1. Raw Material Price Volatility: Dependence on petrochemical derivatives can impact margins.
2. Competition Risk: Presence of organized and unorganized players in the foam sector.
3. Limited Track Record: Incorporated in 2020, the company has a shorter operating history compared to established peers.
4. Regulatory Compliance: Adherence to environmental and labor laws in manufacturing operations.

Valuation & Peer Comparison

Valuation metrics such as P/E ratio and Price-to-Book value cannot be assessed without a declared price band and EPS figures. Potential peers in the foam and comfort products sector include Sheela Foam Ltd., but direct comparison requires complete financial disclosures from Sham Foam.

Bottom Line

Sham Foam’s DRHP filing initiates the process for its public listing, with the IPO window set for August 2026. However, critical information regarding financial health, valuation, and use of proceeds remains unavailable. Investors are advised to monitor the final RHP filing for comprehensive details before making any investment decisions.

Sham Foam (CIN: U36104HR2020PLC087011), a Haryana-based manufacturer engaged in the foam and furniture sector, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company aims to raise capital through this Initial Public Offering to support its business operations and growth plans. The IPO window is scheduled to remain open for three days, from 11-Aug-2026 to 13-Aug-2026.

Company Overview

Sham Foam was incorporated in 2020 as a Private Limited Company and is now transitioning to a Public Limited Company as part of the listing process. Based in Haryana, the company falls under the NIC Code 36104, which classifies it under the manufacture of furniture and related products. This suggests that Sham Foam’s core operations involve the manufacturing of foam products, such as polyurethane foam, mattresses, cushions, or other foam-based components used in the furniture industry.

The Indian foam and mattress industry has seen structural growth driven by rising urbanization, increased real estate activity, and a shift towards organized retail. However, specific details regarding Sham Foam’s market position, key customers, and competitive strengths are not yet available in the current DRHP extract.

Offer Details

The IPO is structured primarily as a fresh issue, with no Offer for Sale (OFS) component recorded in the preliminary data. This indicates that the proceeds from the issue will flow directly to the company rather than being used by existing shareholders to exit their stakes. However, critical details such as the total issue size, price band, face value, and lot size have not been disclosed in the current filing.

The objects of the issue, including how the raised capital will be utilized (e.g., capacity expansion, working capital, or debt repayment), are also not yet specified in the available data.

Financial Highlights

Financial performance metrics, including revenue trends, profitability, and key ratios, are not available in the current DRHP extract. As a relatively young company incorporated in 2020, investors will need to review the audited financial statements provided in the final Red Herring Prospectus (RHP) to assess the company’s financial health and growth trajectory.

Risk Factors

While specific risk factors have not been populated in the current data, companies in the foam manufacturing sector typically face risks related to raw material price volatility (particularly petrochemical derivatives like polyol and MDI/TDI), intense competition from both organized and unorganized players, and regulatory compliance regarding environmental standards. Additionally, Sham Foam’s limited operating history since 2020 may present higher uncertainty for investors.

Valuation & Peer Comparison

Valuation metrics such as P/E ratio and Price-to-Book value cannot be determined at this stage due to the absence of price band and financial data. Potential peers in the listed foam and mattress space include Sheela Foam Ltd and Kurl-on Ltd, but a direct comparison awaits the disclosure of Sham Foam’s financials and issue pricing.

Bottom Line

Sham Foam’s IPO filing marks its entry into the public markets, with the subscription window set for August 2026. Investors should wait for the final RHP to review detailed financials, management background, and specific use of proceeds before making any investment decisions. The absence of an OFS component suggests the funds will be used for corporate purposes, but the exact allocation remains undisclosed.