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Sheela Foam IPO is a book built issue of Rs 510.00 crores. The issue is entirely an offer for sale.
Sheela Foam IPO bidding started from November 29, 2016 and ended on December 1, 2016. The allotment for Sheela Foam IPO was finalized on Tuesday, December 6, 2016. The shares got listed on BSE, NSE on December 9, 2016.
Sheela Foam IPO price band is set at ₹680 to ₹730 per share. The minimum lot size for an application is 20 Shares. The minimum amount of investment required by retail investors is ₹14,600.
Edelweiss Financial Services Ltd and ICICI Securities Limited are the book running lead managers of the Sheela Foam IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sheela Foam IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 48,782,808 |
| Share holding post issue | 48,782,808 |
Sheela Foam IPO offers 5,250,001 shares. 1,500,001 (28.57%) to QIB, 1,125,000 (21.43%) to NII, 2,625,000 (50.00%) to RII. 131,250 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 280 shares. (in case of oversubscription)
| 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 opens on November 29, 2016, and closes on December 1, 2016.
| 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 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹14,600 |
| Retail (Max) | 13 | 260 | ₹189,800 |
| Lot Size Calculator | |||
Incorporated in 1971, Sheela Foam Ltd is a leading manufacturer of mattresses and other foam-based home comfort products in India. They sell their products under the brand Sleepwell, Feather Foam, and Lamiflex.
Sheela Foam offers mattresses, pillows, mattress protectors, bolsters, back cushions, sofa-cum beds, bed-sheets, and baby care sheets, as well as furniture cushioning products. Company's products are mainly used in residential purpose, hotels, hospitals, and educational institutions. They sell its products through distributors, retail dealers, and multi-branded outlets, as well as exports its products to approximately 32 countries. They have pan India distribution network that consists of over 100 exclusive distributors, over 2,000 exclusive retail dealers and over 2,500 multi-brand outlets, as on March 31, 2016
Competitive Strengths:
1. Well recognised and established brand built over consistent quality and innovation
2. Extensive and well developed pan-India salesand distribution network
3. Quality manufacturing capabilities and technological innovation
4. Integrated operations and economies of scale
5. Well qualified and professional management
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 6460.08 | 5396.71 | 4706.02 | 4275.72 | 3843.92 |
| Total Revenue | 12862.71 | 11501.36 | 10106.19 | 8977.91 | 7452.89 |
| Profit After Tax (PAT) | 902.20 | 344.40 | 250.05 | 240.33 | 81.12 |
The objects of the Offer are to:
1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
2. Enhance visibility and brand name and provide liquidity to the existing shareholders.
[Dilip Davda] Demonetization has taken a toll of recent IPO of Greensignal that could not garner the required quota of QIB. Even earlier IPO of Varun Beverages too received poor response than expected even when demonetization was not there. This shows shaky mind set of big ticket investors in current weaker trends of secondary as well as primary markets. As the main raw material prices have shoot up drastically in recent times, company may find it difficult to maintain the earnings shown in the recent past. Considering this and the fully pricing of the IPO, risks aver investors with surplus funds may consider investment for medium to long term. Read detail review...
The Sheela Foam IPO is subscribed 5.09 times on December 1, 2016 6:20:00 PM. The public issue subscribed 0.44 times in the retail category, 14.51 times in the QIB category, and 3.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 14.51 |
| NII | 3.35 |
| Retail | 0.44 |
| Total | 5.09 |
| Listing Date | December 9, 2016 |
| BSE Script Code | 540203 |
| NSE Symbol | SFL |
| ISIN | INE916U01025 |
| Final Issue Price | ₹730 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹730.00 |
| ₹860.00 |
| ₹860.00 |
| ₹1,032.00 |
| ₹1,032.00 |
| NSE |
|---|
| ₹730.00 |
| ₹860.00 |
| ₹850.10 |
| ₹1,032.00 |
| ₹1,032.00 |
Sheela Foam Ltd
C-55, Preet Vihar,
New Delhi 110 092
Phone: +91 11 2202 6875
Email: iquebal.ahmad@sheelafoam.com
Website: http://www.sheelafoam.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sfl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sheela Foam IPO opens on November 29, 2016 and closes on December 1, 2016.
Sheela Foam IPO lot size is 20 Shares, and the minimum amount required is ₹14,600.
You can apply in Sheela Foam IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Sheela Foam IPO will be done on Tuesday, December 6, 2016, and the allotted shares will be credited to your demat account by Thursday, December 8, 2016. Check the Sheela Foam IPO allotment status.
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83.27% delivery today cross touch 52 weak high with huge volume because its strong fundamental and good dividend paying company.