Sheela Foam IPO Issue Price Fixed - Indian IPO Blog

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Thursday, December 8, 2016

Sheela Foam IPO Issue Price Fixed

The issue price for the recent IPO of Sheela Foam Ltd., the company behind Sleepwell matresses, has been fixed at Rs.730/- a piece at the upper end of the price band

The IPO which was open between Nov 29, 2016 to Dec 1, 2016 was oversubscribed 5.09 times although the Retail category remained undersubscribed at 0.44 times

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.

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