| Basis of Allotment |
| THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. |
|
SHAM FOAM LIMITED |
| (Formerly known as Sham Foam Private Limited) | |
| CIN- U36104HR2020PLC087011) |
Our Company was originally incorporated at Haryana as "Sham Foam Private Limited" on June 26, 2020 under the provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Central Registration Centre. Pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on August 10, 2024, the Company was converted into a Public Limited Company, and its name was changed from "Sham Foam Private Limited" to "Sham Foam Limited" vide fresh certificate of incorporation dated September 20, 2024 issued by the Registrar of Companies, Central Processing Centre. For further details please refer to chapter titled "History and Corporate Structure" beginning on page 154 of this Prospectus.
| Registered Office: Khasra No. 18/16/2, Shahzadpur Yamunanager Road, NH-344, Village Rajpura, Tehsil Shahzadpur, Ambala City, Haryana-134202 |
| Tel No: +91-8572071526; | E-mail id: info@shamfoam.com |
| Website: www.shamfoam.com || Contact Person: Ms. Reetika Dhain, Company Secretary and Compliance Officer |
| OUR PROMOTERS: MR. RAJINDER KUMAR JINDAL, MR. SANJEEV KUMAR JINDAL, MS. MONICA JINDAL, MS. DEEPIKA JINDAL, MR. ABHINAV JINDAL, MR. KUNAL JINDAL AND CHARMING FASHIONS PRIVATE LIMITED |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF UPTO 31,14,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF SHAM FOAM LIMITED ("COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 130/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 120/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 4,048.20 LAKHS ("THE ISSUE") OF WHICH UPTO 1,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 130/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 120/- PER EQUITY SHARE AGGREGATING TO RS. 202.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E NET ISSUE OF 29,58,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 130/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 120/- PER EQUITY SHARE AGGREGATING TO RS. 3,845.40 LAKHS (THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE UPTO 27.10% AND 25.74% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 130/- EACH. |
| THE ISSUE PRICE IS 13.00 TIMES OF THE FACE VALUE OF THE EQUITY SHARES. |
| ISSUE PROGRAMME | ISSUE OPENS ON: TUESDAY, AUGUST 11, 2026 | ISSUE CLOSES ON: THURSDAY, AUGUST 13, 2026 | PROPOSED DATE OF LISTING: TUESDAY, AUGUST 18, 2026 |
The below mentioned risks are top 5 risk factors as per the Prospectus:
1. There are outstanding litigation proceedings involving our Company, our Promoters, an adverse outcome in which, may have an adverse impact on our reputation, business, financial condition, results of operations and cash flows.
2. Registered Office cum manufacturing facility of Our Company are located on leased premises. If we are unable to renew such lease agreements or relocate on commercially suitable terms, it may have a material adverse effect on our business, results of operations and financial condition.
3. Our revenues have been significantly dependent on few customers and our inability to maintain such business may have an adverse effect on our results of operations.
4. We have experienced negative cash flows and any negative cash flows in the future could adversely affect our financial conditions and results of operations.
5. Volatility in the supply and pricing of our raw materials, or failure by suppliers to meet their obligations, may have an adverse effect on our business, cash flows, financial condition and results of operations. For a detailed understanding of the risks applicable to the Company, please refer to the section titled as "Risk Factors" on page no. 21.
• Average Cost of Acquisition of Equity Shares by our Promoters:
| Sr. No. | Name of the Promoter | No of Equity Shares held | Average cost of Acquisition (in Rs.)* |
| 1. | Rajinder Kumar Jindal | 8,26,200 | 0.22 |
| 2. | Sanjeev Kumar Jindal | 8,26,200 | 0.22 |
| 3. | Monica Jindal | 6,42,600 | 0.22 |
| 4. | Deepika Jindal | 6,42,600 | 0.22 |
| 5. | Abhinav Jindal | 8,26,200 | 0.22 |
| 6. | Kunal Jindal | 8,26,200 | 0.22 |
| 7. | Charming Fashion Private Limited | 37,86,750 | 11.11 |
• The P/E ratio based on the Basic & Diluted EPS, as restated for year ended March 31, 2026, is 12.58 times.
• Weighted Average Return on Net Worth (RoNW) for Fiscal Year 2023-24, 2024-25 and 2025-26, is 35.63%
• Weighted Average Cost of Acquisition (WACA) on issue price:
| Types of transactions | Weighted Average Cost of Acquisition (Rs. per Equity Shares) | No. of times of Issue Price (i.e. Rs. 130) |
| Weighted Average Cost of Acquisition of Primary/ new issuance during the 18 months preceding the date of this Prospectus | N.A | N.A |
| Weighted Average Cost of Acquisition of Secondary transactions during the 18 months preceding the date of this Prospectus | N.A. | N.A |
| Since there are no transactions to report under (a) and (b), therefore, information based on last 5 primary or secondary transactions (secondary transactions where Promoters / Promoter Group entities or shareholder(s) having the right to nominate director(s) in the Board of our Company, are a party to the transaction), not older than 3 years prior to irrespective of the size of transactions. | 5.06 | 25.69 |
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018 ("SEBI (ICDR) REGULATIONS"), AS AMENDED. IN TERMS OF RULE 19(2)(b) OF THE SECURITIES CONTRACTS (REGULATION) RULES, 1957, AS AMENDED, THIS IS AN ISSUE FOR AT LEAST 25% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(3) OF SEBI (ICDR) REGULATIONS, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER "ISSUE PROCEDURE" ON PAGE 252 OF THE PROSPECTUS.
Subscription Details:
The Issue was subscribed to the extent of 3.71 times and had received 2906 applications for 72,99,000 Equity Shares (including market maker reservation portion) as per the Application data before considering invalid bids, bids not banked and technical rejections.
After considering invalid bids, bids not banked and Technical Rejection cases, the issue was subscribed 2.32 times and had received 2870 applications for 72,17,000 Equity Shares (including market maker reservation portion). The gross details of the breakup of rejections from the bid book under the various heads are as mentioned below.
| Sr. No | Category | Gross | Less: Valid Rejections | Valid | |||
| Applications | Equity Shares | Applications | Equity Shares | Applications | Equity Shares | ||
| 1 | Individual Investors | 1950 | 39,02,000 | 28 | 58,000 | 1,922 | 38,44,000 |
| 2 | Non-Institutional Investors | 955 | 32,41,000 | 8 | 24,000 | 947 | 32,17,000 |
| 3 | Market Maker | 1 | 1,56,000 | NIL | NIL | 1 | 1,56,000 |
| Total | 2906 | 72,99,000 | 36 | 82,000 | 2870 | 72,17,000 | |
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE Limited on August 14, 2026
A. Allocation to Market Maker (After & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 130/- per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.0 time. The total number of shares allotted in this category is 1,56,000 Equity shares.
| Sr. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant | Ratio of allottees to applicants | Serial Number of Qualifying applicants | Number of successful allottees (after rounding) | % to total | Total No. of shares allocated/allotted | % to total | Surplus / Deficit (14)-(7) | ||
| Before Rounding off | After Rounding off | |||||||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) | |
| 1 | 156000 | 1 | 100 | 156000 | 100 | 156000 | 156000 | 156000 | 1 | 1 | 1 | 100 | 156000 | 100 | 0 | |
| GRAND TOTAL | 1 | 100 | 156000 | 100 | 156000 | 1 | 100 | 156000 | 100 | 0 | ||||||
B. Allocation to Individual Investors (After & Multiple Rejections and Withdrawal): The Basis of Allotment to the Individual Investors, at the issue price of Rs. 130/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 2.38 times i.e. for 3844000 Equity Shares. Total number of shares allotted in this category is 1612000 Equity Shares to 806 successful applicants.
| Sr. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant | Ratio of allottees to applicants | Serial Number of Qualifying applicants | Number of successful allottees (after rounding) | % to total | Total No. of shares allocated/allotted | % to total | Surplus / Deficit (14)-(7) | ||
| Before Rounding off | After Rounding off | |||||||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) | |
| 1 | 2000 | 1922 | 100 | 3844000 | 100 | 1612000 | 839 | 2000 | 13 | 31 | 806 | 100 | 1612000 | 100 | 0 | |
| Grand Total | 1922 | 100 | 3844000 | 100 | 1612000 | 806 | 100 | 1612000 | 100 | 0 | ||||||
C. Allocation to Non-Individual Investor (After Rejections & Withdrawal): The Basis of Allotment to Non-Individual Investors, at the issue price of Rs. 130/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 2.39 times i.e. for 32,17,000 Equity Shares. Total number of shares allotted in this category is 13,46,000 Equity.
Allotment are as under:
| Sr. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant | Ratio of allottees to applicants | Serial Number of Qualifying applicants | Number of successful allottees (after rounding) | % to total | Total No. of shares allocated/allotted | % to total | Surplus/Deficit (14)-(7) | ||
| Before Rounding off | After Rounding off | |||||||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) | (13) | (14) | (15) | (16) | |
| 1 | 3000 | 883 | 93.24 | 26,49,000 | 82.34 | 12,55,034.85 | 1,421 | 3,000 | 418 | 883 | 418 | 93.30 | 12,54,000 | 93.16 | -1,035 | |
| 2 | 4000 | 5 | 0.53 | 20,000 | 0.62 | 7,106.65 | 1,421 | 3,000 | 2 | 5 | 2 | 0.45 | 6,000 | 0.45 | -1,107 | |
| 4000 | Lottery | 1,000 | 1 | 2 | 0.00 | 1,000 | 0.07 | 1,000 | ||||||||
| 3 | 6000 | 1 | 0.11 | 6,000 | 0.19 | 1,421.33 | 1,421 | 0 | 1 | 0.00 | 0.00 | -1,421 | ||||
| 4 | 8000 | 53 | 5.60 | 4,24,000 | 13.18 | 75,330.52 | 1,421 | 3,000 | 25 | 53 | 25 | 5.58 | 75,000 | 5.57 | -331 | |
| 5 | 10000 | 1 | 0.11 | 10,000 | 0.31 | 1,421.33 | 1,421 | 3,000 | 1 | 1 | 1 | 0.22 | 3,000 | 0.22 | 1,579 | |
| 6 | 26000 | 2 | 0.21 | 52,000 | 1.62 | 2,842.66 | 1,421 | 3,000 | 1 | 2 | 1 | 0.22 | 3,000 | 0.22 | 157 | |
| 7 | 28000 | 2 | 0.21 | 56,000 | 1.74 | 2,842.66 | 1,421 | 3,000 | 1 | 2 | 1 | 0.22 | 3,000 | 0.22 | 157 | |
| 10000 | Lottery : 1 (One) successful allottee from Serial Nos. 5, 6, and 7 will receive an additional 1,000 shares. | 1,000 | 1 | 3 | 0.00 | 1,000 | 0.07 | 1,000 | ||||||||
| GRAND TOTAL | 947 | 100 | 32,17,000 | 100 | 13,46,000 | 448 | 99.99 | 13,46,000 | 100 | 0.00 | ||||||
The Board of Directors of the Company at its meeting held on August 14, 2026 has taken on records the Basis of Allotment of Equity shares, as approved by the Designated stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN and allotment advice and / or notices shall be dispatched to the E-mail ids / address of the investors as registered with the depositories on or before August 17, 2026. Further, the instructions to Self-Certified Syndicate Banks for unblocking of funds have been processed on or before August 17, 2026. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the accounts details with the depositories concerned. In case the same is not received within 10 days, investors may contact the Registrar to the Issue at the given address given below. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME Platform within 3 working days from the Closure of the Issue. The trading is proposed to commence on August 18, 2026, subject to receipt of listing and trading approvals from the BSE.
Note: All capitalized terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.
The Lead Manager associated with the Issue have handled 10 SME public issues and NIL Main Board Public Issues during the current financial year and three financial years preceding the current Financial Year as described below:
| Type | FY 2026-27 | FY 2025-26 | FY 2024-25 | Total |
| SME IPO | 3 | 6 | 1 | 10 |
| Main Board IPO | - | - | - | - |
| Total | 3 | 6 | 1 | 10 |
| Status upto August 17, 2026 | 3 | 6 | 1 | 10 |
| INVESTORS PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Alankit Assignments Limited at www.alankitassignments.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, Serial number of the Application Form, Number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
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ALANKIT ASSIGNMENTS LIMITED |
| Add: 205-208, Anarkali Complex Jhandewalan Extension, New Delhi, Delhi 110055, India | |
| Telephone: 011 42541234, Email ID: shamrta@alankit.com | |
| Investor grievance Email: rta@alankit.com, Website: www.alankitassignments.com | |
| Contact Person: Mr. Harish Chandra Agrawal | |
| CIN: U74210DL1991PLC042569 |
| For Sham Foam Limited | |
| On behalf of Board of Directors | |
| Sd/- | |
| Date: August 17, 2026 | Rajinder Kumar Jindal |
| Place: Haryana | Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHAM FOAM LIMITED
SHAM FOAM LIMITED, is proposing, subject to market conditions and other considerations, public issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Haryana on August 5, 2026. The Prospectus is available on the website of the Lead Manager at www.corporatemakers.in, the website of the BSE Limited i.e. https://www.bsesme.com and website of the Issuer Company at; www.shamfoam.com, Investor should read the Prospectus carefully, including the "Risk Factors" beginning on page 21 of the Prospectus before making any investment decision.
The Equity Shares have not been and will not be registered under the U.S. Securities Act 1933, as amended (the "Securities Act") or any state securities laws in the United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulations of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be issued and sold (i) in the United States to "qualified institution buyers", as defined in Rule 144A of the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulations under the Securities Act and in compliance with the applicable laws of the jurisdiction where those offers and sales occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be issued or sold, and Application not by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
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