Sheela Foam IPO
Sheela Foam IPO — date, price band, lot size & details 2016
Sheela Foam listed on 9 Dec 2016 at ₹860, 17.8% above the ₹730 issue price.
Sheela Foam is a leading maker of mattresses and foam based home comfort products, selling under the Sleepwell, Feather Foam and Lamiflex brands. Its total income was Rs 1,286.27 crore in FY2016.
Stock price
Sheela Foam is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 29 Nov 2016
- Close 01 Dec 2016
- Allotment 06 Dec 2016
- Refund/credit 07 Dec 2016
- Listing 09 Dec 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Nov to 1 Dec, 2016 |
|---|---|
| Price Band | ₹680 – ₹730 |
| Face Value | ₹5 |
| Lot Size | 20 Shares |
| Issue Size | ₹510 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,600 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 20 shares at the ₹730 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 20 | ₹14,600 |
| Retail (max) | 13 | 260 | ₹1,89,800 |
| S-HNI (min) | 14 | 280 | ₹2,04,400 |
| S-HNI (max) | 68 | 1,360 | ₹9,92,800 |
| B-HNI (min) | 69 | 1,380 | ₹10,07,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,010.62 crore in FY2014 to Rs 1,286.27 crore in FY2016.
- 02Profit after tax rose from Rs 25.01 crore in FY2014 to Rs 90.22 crore in FY2016.
- 03Total borrowing fell from Rs 73.07 crore in FY2014 to Rs 24.85 crore on 30 September 2016.
- 04Sleepwell is a well known mattress brand; net worth was Rs 368.32 crore.
Risks · 5
- 01Foam raw materials are crude oil based, so their prices swing; profit was only Rs 34.44 crore in FY2015.
- 02Mattresses face competition from many organised and local brands; total assets were Rs 666.36 crore.
- 03The whole Rs 510 crore issue was an offer for sale, so none of it went to the company.
- 04Home furnishing spending slows when housing demand weakens; profit was Rs 57.78 crore in six months to September 2016.
- 05Promoters held 100% before the issue and 85.68% after it, so they control the company.
Three years of numbers
All figures in ₹ crore, as reported in the Sheela Foam offer document.
| Metric | 30 Sep 2016 | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|---|
| Assets | 666.36 | 646.01 | 539.67 | 470.60 |
| Total Income | 648.00 | 1,286.27 | 1,150.14 | 1,010.62 |
| Profit After Tax | 57.78 | 90.22 | 34.44 | 25.01 |
| NET Worth | 368.32 | 310.53 | 220.31 | 185.87 |
| Reserves and Surplus | 343.92 | 294.27 | 204.05 | 169.61 |
| Total Borrowing | 24.85 | 44.74 | 52.63 | 73.07 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Sheela Foam IPO will be updated shortly.
Sheela Foam IPO Anchor Investors
29 anchor investors across 13 fund houses committed ₹152.99 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It sells under the Sleepwell, Feather Foam and Lamiflex brands.
Its range includes mattresses, pillows, mattress protectors, bolsters, back cushions, sofa cum beds, bed sheets and baby care sheets, as well as furniture cushioning products.
The IPO was Rs 510 crore and was entirely an offer for sale by the promoters at Rs 730, the top of the Rs 680 to Rs 730 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sheela Foam IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Sheela Foam?
The current Grey Market Premium is ₹0.
What is the Sheela Foam IPO price band?
₹680 to ₹730, on a face value of ₹5.
When is the allotment?
The basis of allotment is 6 December 2016, with listing on 9 December 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
