Sham Foam IPO Opens 11 Aug 2026: Rs 130 Fixed Price BSE SME

The Sham Foam IPO opens for subscription today, 11 August 2026, on the BSE SME platform. The Sham Foam IPO is a fixed-price issue at Rs 130 per share, raising Rs 40.48 crore through a fresh issue of 31,14,000 equity shares. The lot size is 1,000 shares, but the minimum retail application is two lots (2,000 shares), requiring an investment of Rs 2,60,000 at the fixed price of Rs 130. The Sham Foam IPO will remain open until August 13, with allotment expected on August 14 and shares scheduled to list on BSE SME on August 18, 2026.

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The Sham Foam IPO is structured as an entirely fresh issue, meaning all proceeds go directly to the company with no offer-for-sale component benefiting existing shareholders. The issue is jointly lead managed by Corporate Makers Capital Limited and Navigant Corporate Advisors Limited, with Alankit Assignments Limited as the registrar. The Sham Foam IPO is a fixed-price issue, which differs from book-built issues where the price is determined through bidding within a band.

Sham Foam IPO: Key Details

Particulars	Details
Issue Size	Rs 40.48 crore (31,14,000 shares)
Issue Type	Fixed Price Issue (entirely fresh)
Price	Rs 130 per share
Face Value	Rs 10 per share
Lot Size	1,000 shares (min 2 lots = 2,000 shares = Rs 2,60,000)
HNI Minimum	3,000 shares = Rs 3,90,000
Open / Close	11 August to 13 August 2026
Allotment	14 August 2026
Listing	18 August 2026 (BSE SME)
Lead Managers	Corporate Makers Capital, Navigant Corporate Advisors
Registrar	Alankit Assignments Ltd.
Investor Category	QIB 0%; NII 50%; Retail 50%

About Sham Foam: PU Foam and Home Comfort Products

Sham Foam is a Haryana-based manufacturer of polyurethane (PU) foam and foam-based home comfort products. Incorporated in 2020, the company operates in both consumer and industrial markets across India. Its product portfolio includes PU foam, mattresses, pillows, cushioning solutions for furniture, bedding, automotive and filtration applications. PU foam contributes approximately 88 to 93 percent of the company's total revenue, highlighting its concentrated positioning in upstream foam manufacturing.

The Sham Foam IPO enters a market where branded foam and mattress companies like Sheela Foam (Sleepwell) and newer players like Wakefit Innovations are listed comparators. At a fixed issue price of Rs 130, the Sham Foam IPO is accessible to investors who believe in the company's growth potential in the domestic foam and home comfort segment.

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Use of Proceeds from the Sham Foam IPO

The Rs 40.48 crore net proceeds from the Sham Foam IPO fresh issue will be deployed across three main areas. Approximately Rs 14.72 crore will be used for repayment or prepayment of existing borrowings, reducing the company's debt burden. Around Rs 14.25 crore will be allocated to working capital requirements to support business growth. A further Rs 6.04 crore will be used for general corporate purposes. The balance will fund issue-related expenses.

Key Risks and Considerations for the Sham Foam IPO

The Sham Foam IPO carries risks typical of small-cap foam manufacturers. The company was incorporated in 2020, making it a relatively young entity with a limited operating track record. PU foam manufacturing is input-cost sensitive, with raw material prices (petrochemical-linked) affecting margins. Competition from established players with stronger brands and distribution networks is a structural risk. The minimum investment of Rs 2,60,000 for retail investors and the BSE SME listing imply higher investment size requirements and lower secondary market liquidity than mainboard stocks. Investors should read the Red Herring Prospectus carefully before applying.

Grey market premium data for this IPO circulates informally and is not published, verified or endorsed by SEBI, NSE or BSE. GMP is unofficial, frequently inaccurate and should not be the basis for any investment decision. For GMP updates, check dedicated IPO tracking platforms and verify information independently.

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Conclusion

The Sham Foam IPO opens today, 11 August 2026, on BSE SME at a fixed price of Rs 130 per share. The Rs 40.48 crore entirely fresh issue will be used for debt repayment, working capital and general corporate purposes. Minimum retail investment is Rs 2,60,000 for 2,000 shares. Allotment is expected on August 14 and listing on BSE SME on August 18. Always read the RHP and consult a SEBI-registered advisor before applying.

What is the Sham Foam IPO price?

Ans. The Sham Foam IPO is a fixed-price issue at Rs 130 per share. Unlike book-built issues, there is no price band; all applicants pay Rs 130 per share.

What is the Sham Foam IPO lot size and minimum investment?

Ans. The Sham Foam IPO lot size is 1,000 shares, but the minimum retail application is two lots (2,000 shares), requiring Rs 2,60,000. HNI investors must apply for a minimum of 3,000 shares (Rs 3,90,000).

When does the Sham Foam IPO open and close?

Ans. The Sham Foam IPO opens on 11 August 2026 and closes on 13 August 2026. Allotment is expected on 14 August 2026 and shares are scheduled to list on BSE SME on 18 August 2026.

What does Sham Foam do?

Ans. Sham Foam is a Haryana-based manufacturer of polyurethane foam and home comfort products including mattresses, pillows and industrial cushioning. Incorporated in 2020, it serves both consumer and industrial markets across India.

How will Sham Foam use the IPO proceeds?

Ans. The Sham Foam IPO proceeds will be used for Rs 14.72 crore in debt repayment, Rs 14.25 crore for working capital, and Rs 6.04 crore for general corporate purposes.

Is the Sham Foam IPO a fresh issue or OFS?

Ans. The Sham Foam IPO is an entirely fresh issue of 31,14,000 shares, meaning all proceeds go to the company. There is no offer-for-sale component.

How can I apply for the Sham Foam IPO?

Ans. The Sham Foam IPO can be applied for through ASBA via your bank's internet banking or through UPI-enabled broker platforms from 11 August to 13 August 2026.