IPO Listed — 18 Aug 2026
Listing Price: ₹104
Sham Foam SME IPO GMP History | Listing Price ₹104 & Kostak Rate
Sham Foam SME IPO has been listed on August 18, 2026 at a listing price of ₹104, against the issue price of ₹130 — a loss of ₹26 (-20%). The GMP peaked at ₹9 on 15 August 2026 and reached a low of ₹0 on 8 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Sham Foam SME IPO raised ₹40.48 Cr. through its IPO at a price band of ₹130 per share, with a lot size of 1000 shares. The IPO was open for subscription from 11 Aug 2026 to 13 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 Aug 2026 | ₹ 1.5 | 1.15% | ₹ 0 | ₹ 0 | |
| 17 Aug 2026 | ₹ 4 | 3.08% | ₹ 0 | ₹ 0 | |
| 16 Aug 2026 | ₹ 6 | 4.62% | ₹ 0 | ₹ 0 | |
| 15 Aug 2026 | ₹ 9 | 6.92% | ₹ 0 | ₹ 0 | |
| 14 Aug 2026 | ₹ 4 | 3.08% | ₹ 0 | ₹ 0 | |
| 13 Aug 2026 | ₹ 4 | 3.08% | ₹ 0 | ₹ 0 | |
| 12 Aug 2026 | ₹ 9 | 6.92% | ₹ 0 | ₹ 0 | |
| 08 Aug 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Sham Foam SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 11 Aug, 2026 |
| Close Date | 13 Aug, 2026 |
| Allotment Date | 14 Aug, 2026 |
| Refund Date | 17 Aug, 2026 |
| Credit to Demat | 17 Aug, 2026 |
| Listing Date | 18 Aug, 2026 |
Sham Foam SME IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹130 |
| GMP-Based Estimate (Pre-Listing) | ₹131 (+0.8%) |
| Actual Listing Price | ₹104 (-20%) |
| Listing Gain / Loss | ₹-26 per share |
| Listing Date | 18 Aug, 2026 |
Is Sham Foam SME IPO GMP Reliable?
Grey market premium for Sham Foam SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Sham Foam SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Sham Foam SME IPO IPO Kostak Rate Explained
The Kostak rate for Sham Foam SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Sham Foam SME IPO
The company sells mattresses under the brands Featherfresh and Restivia, in pure foam as well as hybrid versions using spring and rebonded foam. Pillows and cushions are sold mainly under the Featherfresh brand. It also makes customised foam as per customer requirement.
The company is vertically integrated, which means it handles design, manufacturing, distribution and customer service on its own. Its factory at Ambala in Haryana is spread over 2,04,460 square feet with a foam production capacity of 15,000 tonnes per year, and it holds ISO 9001:2015 and BIS certification. It currently supplies to 13 states including Punjab, Haryana, Delhi, Uttar Pradesh, Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.
Strengths & Risks
Strengths
- ✓ Profit has grown strongly. Profit after tax went from Rs 2.97 crore in FY2024 to Rs 3.58 crore in FY2025 and Rs 8.65 crore in FY2026, a rise of 142% in the last year.
- ✓ The company reduced its debt. Total borrowing came down from Rs 10.11 crore in FY2024 to Rs 3.99 crore in FY2026, while net worth rose from Rs 8.88 crore to Rs 21.11 crore.
- ✓ EBITDA more than doubled in the last year, from Rs 4.69 crore to Rs 11.00 crore.
- ✓ The company is vertically integrated and runs the full chain from design to distribution, which helps it protect margin.
- ✓ It has its own brands, Featherfresh and Restivia, instead of only doing job work for others.
- ✓ The Ambala factory is large at 2,04,460 square feet with 15,000 tonnes per year capacity and holds ISO 9001:2015 and BIS certification.
- ✓ Sales are spread across 13 states rather than one region.
- ✓ It sells both home comfort products and industrial grade foam, so it is not dependent on the mattress market alone.
Risks
- ⚠ The company was started only in 2020, so it has a short track record of about six years.
- ⚠ Sales growth is slow. Total income rose only 13% in FY2026, from Rs 81.62 crore to Rs 92.39 crore, while profit rose 142%. This means the profit jump came from margin improvement, which may not repeat.
- ⚠ PU foam is made from chemicals linked to crude oil. Any sharp rise in raw material prices will directly reduce margin.
- ⚠ The entire manufacturing is at one plant in Ambala, Haryana, so there is single location risk.
- ⚠ The mattress market has strong national brands with large advertising budgets, and competing with them on brand pull is difficult.
- ⚠ This is a fixed price issue at Rs 130 per share, so there is no price discovery through bidding as happens in a book built issue.
- ⚠ Promoter holding will come down from 100% to 72.90% after the issue.
- ⚠ This is an SME issue. One lot is 1,000 shares, which is Rs 1.30 lakh at the issue price, and SME shares usually trade in low volume after listing.
Frequently Asked Questions about Sham Foam SME IPO
What is the GMP of Sham Foam SME IPO?
The current Grey Market Premium (GMP) of Sham Foam SME IPO is ₹ 1.5.
What is the Kostak Price of Sham Foam SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Sham Foam SME IPO is currently not available.
What is the Subject to Sauda Price of Sham Foam SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Sham Foam SME IPO?
Sham Foam SME IPO listed on August 18, 2026 at ₹104, against the issue price of ₹130 — a loss of -20%.
How did the GMP of Sham Foam SME IPO trend before listing?
The GMP of Sham Foam SME IPO was falling in its final days before listing. The GMP peaked at ₹9 on 15 August 2026. View the day-wise table above for the complete GMP history.
Explore Sham Foam SME IPO Further
For a complete picture before making your investment decision, explore these resources:
