Sheela Foam Ltd IPO Message Board (Page 8)

The company''s product is in good demand ....!

kostak price
full app.@rs.2700

retail full app.@2700

Govt. black money policy has been failed, about all money will deposited in banks till 31/12/2016 , government will bear about 1.35 lakhs carors as notes ban expense, I think new problem will start for all Banking system and government. be careful in Indian stock market.

At what price did QIBs bid for sheela foam? cutoff price or lower price band? how can we get this info?

@ 189.1 gunnender goel

You applied @ 19:48

Everybody wants to know . Which bank ?

Hdfc sec

there is spillover condition.

I appreciate to promoter,they have put ipo at worst time of secondary mkt.
after spill over@
qib 10x
nii 2.31x
retail 1x.

what a shot by qib.

QIB*: 10.23X (*Excluding Anchor)
NII : 2.36X
Ret : 1.00X

Total : 5.46X

I applied 1 lot at lower price band can I get allotment ?

My broker informed..
if we apply through retail category with lower price bid.. then shares will get allocated

Sagar dads time to change ur broker all counters will be allotted at higher price band. Ur broker is just BS

You should not apply in IPOs were lower and higher price band is wider
Here 680 - 730 Rs, difference of 50 Rs.
ICICI Prudential 330 - 334 Rs (34 Rs difference)

ICICI Lower Price Band 300 or 330 ?

Icici prudential Issue Price: Rs. 300 - Rs. 334 Per Equity Share
we were hoping they will issue at 300Rs considering very large issue, but they did not.

Due to the under subscription of the retail segment ...
the surplus of the RII category will spill over to the QIB & NII catgories

Consequently the revised subscription numbers are as follows:


Sheela Foam IPO

Day 3 at 08:00PM

QIB*: 10.23X (*Excluding Anchor)
NII : 2.36X
Ret : 1.00X

Total : 5.46X

whether you should you buy on listing or not ... will depend on the listing price

Thanks for your humble response.

Market Pundits are expecting Sheela Foam Listing @ ~770

@ Ms.Eagleye ... wat abt laurus labs?

Should I buy on listing?

The initial public offering of Sheela Foam Ltd, which makes mattresses under the Sleepwell brand, sailed through on the final day of the offering thanks to strong interest from institutional and affluent individual investors.

The issue was subscribed a little more than five times at close, stock-exchange data showed on Thursday.

The portion reserved for institutional investors was covered 14.5 times while the quota for non-institutional investors was subscribed almost three-and-a-half times. Retail investors’ quota, however, was covered only 44%.

The issue was covered just 1% at the end of day one and 6% at the end of day two.

Sheela Foam joins a long list of companies such as PNB Housing Finance Ltd, RBL Bank Ltd, Quess Corp, Advanced Enzyme Technologies Ltd, Thyrocare Technologies Ltd and TeamLease Services Ltd that have seen strong demand for their IPOs this year. RBL Bank’s IPO was covered almost 70 times while that of Quess Corp was covered 144 times.

The robust response to these IPOs comes after market volatility in the first half of this year had forced several firms to skip their planned share sales. However, a subsequent rebound in the secondary markets offered hope to companies looking to float IPOs.

Sheela Foam’s IPO would also give hope to other companies such as drugmaker Laurus Labs Ltd that are in the queue to float public offerings because it comes in the middle of the government’s demonetisation drive, which banned Rs 500 and Rs 1,000 banknotes to combat graft, forgery and tax evasion but led to a severe cash crunch in the economy.

The poor show in the first two days was worrisome for Sheela Foam and its bankers because last week another IPO was scrapped after it failed to find institutional investors despite reducing the offer size and extending the issue period. The IPO of GreenSignal Bio Pharma Ltd was the first after the government kicked off the demonetisation drive.

Sheela Foam is seeking a valuation of as much as Rs 3,561.14 crore (roughly $520 million) through the IPO. It had raised Rs 153 crore ($22 million) from anchor investors on Monday.

The issue entirely comprises an offer for sale by one of the promoter companies, Polyflex Marketing Pvt Ltd, and the firm will not get any money from the IPO. The overall issue is worth Rs 510 crore ($77 million). After the issue, the promoter Gautam family is likely to retain around 86% stake in the company.

Sheela Foam filed its IPO proposal with the Securities and Exchange Board of India in July. The company received regulatory clearance for the proposed IPO on 2 November.

In the grey market, Sheela Foam''s shares continued to quote a discount to its price band of Rs 680-730 apiece, said two dealers on the condition of anonymity. One dealer maintained that retail investors kept funds reserved for Laurus Labs’s IPO, which opens on 6 December.

Edelweiss Financial Services Ltd and ICICI Securities Ltd are the merchant bankers for the IPO

Sheela Foam IPO

Day 3 at 08:00PM

QIB*: 15.58X (*Excluding Anchor)
NII : 3.60X
Ret : 0.48X

Total : 5.46X

Opposite to our expectations...Sheela Foam IPO has outshined. Though retailers have not shown interest, QIBs & NII jumped on like a lion on a deer...

Neglecting the fact that Sheela''s share is too expensive, QIBs have purely focused on fundamentals....assuming QIBs are not dummy...

For retailers, Rs 2 Lakh is big amount to invest, for QIBs even 2 Crore is peanut...

We can''t do anything just to wait and watch...:)

Subscribed only 5 times this is nothing if you see the size of issue

PNBHFL Isue size of Rs 3000 crores and subscription amount received was Rs 88590 Crores

Sheela Issue Size of Rs 510 Crores and subscription amount received is only Rs 2583 Crores

See the difference between Rs 80000 Crore and Rs 2583 Crore

PNBHFL Subscribed 29.53 times and Sheela only 5.064 times

Solid game played By Big players to keep Retail Out. Everyone was confident that Prise band will come down as it wont sail throught. But ... I liked this game .

Apply now

eagle eye mam,plz share ur listing expectation for sheela foam ipo

I think Retail quota will be lapped up by QIB, NII
And since thete wont be many Retail flippers on Listing day, stock might sharply shootup , aided by Retail buying on listing , those who ignored or missed out on buying.

This might happen irrespective of Market conditions if its not too bad.

Lets wait and watch..

Full allottment to those who applied

Did not apply.

SBI MAI ASBA KEY APPLICTION NAHI LEY RAHEY HAI

Looking at suscription there should be some premium on listing.

when big guys are applying they aren"t fool

Correct assessment , @Shareipo ....!

Final Subscription data same as at 4 P.M

5 X @ 5 P.M