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Sham Foam launches ₹40.48 crore Initial Public Offering
The IPO, which comprises a fresh issue of 31.14 lakh shares, received bids for 57,000 shares on the BSE SME platform, exchange data showed
TL;DRAI
Sham Foam Ltd launched a ₹40.48 crore IPO at ₹130/share on BSE SME; day one bids covered just 2% of the offer. With revenue ₹92.39 crore and PAT doubling to ₹8.65 crore, the company seeks capital for manufacturing expansion amid weak uptake for non-tech small-caps.
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