The Sheela Foam IPO is a Rs 510.00 crore book-built issuance. The issue is completely a purchase offer. Bidding for the Sheela Foam IPO began on November 29, 2016 and finished on December 1, 2016. The Sheela Foam IPO allotment was completed on Tuesday, December 6, 2016. On December 9, 2016, the shares were listed on the BSE and NSE. The pricing range for Sheela Foam’s IPO is $680 to $730 per share. An application requires a minimum lot size of 20 shares. Retail investors must make a minimum investment of $14,600.
Sheela Foam Ltd, founded in 1971, is a significant maker of mattresses and other foam-based home comfort goods in India. Sleepwell, Feather Foam, and Lamiflex are the brands under which they offer their products. Mattresses, pillows, mattress protectors, bolsters, back cushions, sofa-cum beds, bed-sheets, and infant care sheets, as well as furniture cushioning goods, are all available from Sheela Foam. The goods of the company are mostly employed in residential settings, hotels, hospitals, and educational institutions. They distribute their products through
distributors, retail dealers, and multi-branded retailers, and they export to about 32 countries. As of March 31, 2016, they had a pan-India distribution network that included over 100 exclusive distributors, over 2,000 exclusive retail dealers, and over 2,500 multi-brand stores.
Competitive Strengths:
- Well recognised and established brand built over consistent quality and innovation
- Extensive and well developed pan-India salesand distribution network
- Quality manufacturing capabilities and technological innovation
- Integrated operations and economies of scale
- Well qualified and professional management
Sheela Foam IPO Details
| IPO Date | November 29, 2016 to December 1, 2016 |
| Listing Date | December 9, 2016 |
| Face Value | ₹5 per share |
| Price Band | ₹680 to ₹730 per share |
| Lot Size | 20 Shares |
| Total Issue Size | 6,986,301 shares (aggregating up to ₹510.00 Cr) |
| Offer for Sale | [.] shares of ₹5 (aggregating up to ₹510.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sheela Foam IPO Timeline
| IPO Open Date | Tuesday, November 29, 2016 |
| IPO Close Date | Thursday, December 1, 2016 |
| Basis of Allotment | Tuesday, December 6, 2016 |
| Initiation of Refunds | Wednesday, December 7, 2016 |
| Credit of Shares to Demat | Thursday, December 8, 2016 |
| Listing Date | Friday, December 9, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 1, 2016 |
Sheela Foam IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 1,500,001 (28.57%) | NA |
| NII (HNI) Shares Offered | 1,125,000 (21.43%) | |
| Retail Shares Offered | 2,625,000 (50.00%) | 131,250 |
| Total Shares Offered | 5,250,001 (100%) |
Sheela Foam IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,600 |
| Retail (Max) | 13 | 260 | ₹189,800 |
Objects of the Issue (Sheela Foam IPO Objectives)
The objects of the Offer are to:
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
- Enhance visibility and brand name and provide liquidity to the existing shareholders.
Sheela Foam IPO Listing Details
| Listing Date | December 9, 2016 |
| BSE Script Code | 540203 |
| NSE Symbol | SFL |
| ISIN | INE916U01025 |
| Final Issue Price | ₹730 per share |
Sheela Foam Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹730.00 | ₹730.00 |
| Open | ₹860.00 | ₹860.00 |
| Low | ₹860.00 | ₹850.10 |
| High | ₹1,032.00 | ₹1,032.00 |
| Last Trade | ₹1,032.00 | ₹1,032.00 |
Sheela Foam Ltd Contact Details
Sheela Foam Ltd
C-55, Preet Vihar,
New Delhi 110 092
Phone: +91 11 2202 6875
Email: [email protected]
Website: http://www.sheelafoam.com
Sheela Foam IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Sheela Foam IPO FAQs
Q1. What is Sheela Foam IPO?
Ans. Sheela Foam IPO is a main-board IPO of 6,986,301 equity shares of the face value of ₹5 aggregating up to ₹510.00 Crores. The issue is priced at ₹680 to ₹730 per share. The minimum order quantity is 20 Shares. The IPO opens on November 29, 2016, and closes on December 1, 2016.
Q2. When Sheela Foam IPO will open?
Ans. The Sheela Foam IPO opens on November 29, 2016 and closes on December 1, 2016.
Q3. What is the lot size of Sheela Foam IPO?
Ans. Sheela Foam IPO lot size is 20 Shares, and the minimum amount required is ₹14,600.
Q4. When is Sheela Foam IPO listing date?
Ans. The Sheela Foam IPO listing date is on December 9, 2016.
