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
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
The Promoters of the Company are:
1. Ms. Sheela Gautam;
2. Mr. Rahul Gautam; and
3. Polyflex Marketing Private Limited.
|Particulars||For the year/period ended (in Rs. Million)|
|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.
»» Issue Open: Nov 29, 2016 - Dec 1, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: 6,986,301 Equity Shares of Rs 5 aggregating up to Rs 510.00 Cr
› Offer for Sale of [.] Equity Shares of Rs 5 aggregating up to Rs 510.00 Cr
»» Face Value: Rs 5 Per Equity Share
»» Issue Price: Rs 680 - Rs 730 Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||1,500,001||1,125,000||2,625,000||5,250,001|
|Day 1 - Nov 29, 2016 17:00 IST||0.0000||0.0000||0.0300||0.0100|
|Day 2 - Nov 30, 2016 17:00 IST||0.0900||0.0100||0.0700||0.0600|
|Day 3 - Dec 1, 2016 18:20 IST||14.5100||3.3500||0.4400||5.0900|
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