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Thursday, December 8, 2016

The equity shares of Sheela Foam Limited would be listed on the bourses with effect from December 9, 2016. Earlier, the issue price for the IPO was fixed at Rs.730/- a piece

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 also manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of polyurethane foam for end use in a wide range of industries. Globally, it manufactures PU foam in Australia through wholly owned subsidiary, Joyce Foam Pty Ltd.

With subscription of the IPO being around 5 times overall with rather under participation from the Retail category, it remains to be seen what the listing would be for the Sleepwell matresses manufacturer

Stay tuned to Indian IPO Blog for latest update on Sheela Foam IPO

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