How to Check Sham Foam IPO Allotment Status

Sham Foam Limited is engaged in the manufacturing, distribution, marketing and sale of polyurethane foam (PU Foam), mattresses and other home comfort products. The company was incorporated in Haryana in June 2020 and subsequently converted into a public limited company in 2024.  

Apart from consumer-focused mattresses and comfort products, Sham Foam manufactures industrial grades of PU foam used across different industries. The company operates in the broader sleep-products, furniture and industrial foam ecosystem.  

The company is promoted by Rajinder Kumar Jindal, Sanjeev Kumar Jindal, Monica Jindal, Deepika Jindal and Charming Fashions Private Limited. Its registered office and manufacturing operations are located in Ambala, Haryana.  

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Sham Foam IPO is a fixed-price SME issue comprising up to 31.25 lakh equity shares with a face value of ₹10 each. The issue is proposed to be listed on the BSE SME platform.  

The IPO opened for subscription on August 11, 2026 and closed on August 13, 2026. Market data around the issue indicated an issue price of ₹130 per share.  

Registrar: Alankit Assignments Ltd

BSE: BSE IPO Allotment Status Page

Sham Foam IPO Subscription Status

Sham Foam IPO was subscribed 2.40 times on August 13, 2026, based on the final subscription data provided. Individual Investors led demand, while the NII portion also moved above full subscription on the final day.

The NII category was subscribed 2.17 times on the final day. 

Individual Investors recorded the strongest demand, with the category subscribed 2.62 times. 

The overall issue closed with 2.40 times subscription, marking a substantial improvement from just 0.10 times at the end of Day 2. 

Sham Foam IPO Share Price and Investment Details 

Sham Foam IPO is a fixed-price SME issue proposed for listing on the BSE SME platform. The draft prospectus provided for an issue of up to 31.25 lakh shares, while market data around the IPO indicated an issue price of ₹130 per share.  

The issue saw relatively muted demand during the first two bidding days before subscriptions accelerated sharply on the closing day. Overall demand eventually reached 2.40 times, led by Individual Investors at 2.62 times. 

Given the moderate level of oversubscription compared with some heavily subscribed SME issues, listing performance will ultimately depend on prevailing SME market sentiment and investor demand when trading begins. 

Utilisation of IPO Proceeds 

Sham Foam proposes to use up to ₹13.72 crore of the net proceeds to finance capital expenditure requirements for civil construction and the purchase of machinery and equipment for its existing manufacturing facility.  

Another ₹14.25 crore is proposed to be deployed towards the company's working capital requirements, with up to ₹8.25 crore expected to be deployed in FY27 and up to ₹6 crore in FY28. The remaining proceeds are proposed to be used for general corporate purposes.  

Since the proposed issue is structured as a fresh issue, these proceeds are intended to support the company's manufacturing expansion and working-capital needs.  

Business Overview 

Sham Foam operates in the polyurethane foam and sleep-products industry. Its business encompasses the manufacturing and sale of PU foam, mattresses and allied home comfort products, alongside industrial-grade PU foam used across other applications.  

The company's background in the mattress and home furnishing industry predates its formal incorporation. According to its corporate profile, promoters Rajinder Jindal and Sanjeev Jindal have experience in mattresses, cushions, home furnishings, distribution and marketing.  

The IPO proceeds are intended partly to expand the company's existing manufacturing facility through civil construction and new machinery, indicating a focus on increasing production capabilities as the business scales.  

Key strengths include experience of the promoters in the foam and mattress industry, an established manufacturing setup, exposure to both consumer and industrial PU foam demand, and a diversified portfolio spanning mattresses and other comfort products. 

Investors should also consider risks associated with raw-material price fluctuations, competition from organised and unorganised mattress manufacturers, working-capital requirements, capacity utilisation, dependence on consumer discretionary spending and the relatively small scale of the company compared with established national sleep-product brands.