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Market capitalisation is the post-issue share count in the offer document’s capital structure (1,14,90,750 shares) multiplied by the upper end of the price band, ₹130. It is arithmetic on those two filed figures, not a valuation.
| ₹ crore | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | ₹80.53 | ₹73.89 | ₹81.62 | ₹92.39 |
| Expenses | ₹79.68 | ₹70.26 | ₹77.19 | ₹81.94 |
| Net profit (PAT) | ₹0.7 | ₹2.97 | ₹3.58 | ₹8.65 |
| PAT margin | 0.9% | 4.0% | 4.4% | 9.4% |
| Total assets | ₹27.68 | ₹33.55 | ₹36.58 | ₹49.32 |
The founding owners and their group entities.
Post-issue pattern as filed with the BSE. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
| Application | Shares | Amount at ₹130 |
|---|---|---|
| Individual investor (min)minimum application | 2,000 | ₹2,60,000 |
The minimum application is 2,000 shares, ₹2,60,000 at the ₹130 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.
The draft red herring prospectus is filed with SEBI before the issue; the red herring prospectus adds the price band and dates just before bidding opens. Both describe the business, the restated financials, the risk factors and how the proceeds will be used.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Sham Foam, the registrar is Alankit Assignments Ltd. — allotment is finalised in the days between the issue closing on 13 Aug 2026 and listing on 18 Aug 2026.
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The offer document for the Sham Foam IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.
The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.
Leveraging the experience of its promoter and employees. Possesses an in-house manufacturing facility supported by technology-driven processes. Has an extensive and well-developed pan-India sales and distribution network. The page lists all 5 as disclosed.
The company is involved in litigation proceedings, and an adverse outcome could impact its reputation, business, financial condition, results of operations, and cash flows. The registered office and manufacturing facility are located on leased premises, and failure to renew or relocate these agreements could adversely affect the business. The company's revenues are significantly dependent on a few customers, and an inability to maintain these relationships could adversely affect its results of operations. The page lists all 7 disclosed risk factors.
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹0 on a ₹130 upper band means the grey market is dealing at ₹130.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.