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Sihora Industries IPO
Sihora Industries IPO is a fixed-price SME offering, amounting to INR 10.56 crore. The IPO will include a fresh issue of 16 lakh equity shares at INR 66 per share. The lot size for application is 2,000 shares, meaning the minimum investment required from an individual investor is INR 1,32,000. The IPO will be open for subscription from October 10, 2025 until October 14, 2025. It will list on the BSE SME with a tentative listing date of October 17, 2025.
About the Company
Sihora Industries Limited, founded in 2023 and based in Surat, Gujarat, is engaged in the manufacturing of a wide range of textile products. Its portfolio includes narrow woven fabrics, lace, digitally printed fabrics, woven labels, tapes, zippers, elastics, and technical textiles, catering to fashion, industrial, and technical textile markets.
The company operates a modern, fully integrated manufacturing facility in Surat, covering all processes such as weaving, digital printing, embroidery, and finishing under one roof. This integrated setup ensures quality control, cost efficiency, and continuous innovation, with over 35,000 unique creations. Sihora supplies its products to domestic and international clients, including fashion designers, brands, retailers, and industrial customers for diverse applications.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Sihora Industries IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Sihora Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 10, 2025 to October 14, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,00,000 shares (aggregating up to ₹10.56 Cr) |
| Reserved for Market Maker | 80,000 shares (aggregating up to ₹0.5280 Cr) Aftertrade Broking Pvt.Ltd. |
| Net Offered to Public | 15,20,000 shares (aggregating up to ₹10.03 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 37,27,400 shares |
| Share Holding Post Issue | 53,27,400 shares |
Sihora Industries IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Oct 10, 2025 |
| IPO Close Date | Tue, Oct 14, 2025 |
| Tentative Allotment | Wed, Oct 15, 2025 |
| Initiation of Refunds | Thu, Oct 16, 2025 |
| Credit of Shares to Demat | Thu, Oct 16, 2025 |
| Tentative Listing Date | Fri, Oct 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 14, 2025 |
Sihora Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,64,000 |
| HNI (Min) | 3 | 6,000 | ₹3,96,000 |
Sihora Industries IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | 69.97% |
Competitive Strength:
- • Integrated manufacturing plant enabling management control and product quality.
- • Broad and diversified product range, serving fashion as well as industrial textile needs.
- • Promoter's extensive experience of more than 17 years in textile manufacturing.
- • Strong revenue growth combined with high utilization of production capacity.
- ⦁ Strategic location in Surat, which provides benefits in terms of raw material procurement, labor and logistics.
Sihora Industries IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Aug 2025 | 15.9 | 5.86 | 0.45 | 5.71 | 5.71 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 13 | 15 | 2 | 5.26 | 5.14 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 7.44 | 11.62 | 0.6 | 3.8 | 5.3 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 8.95 | 12.1 | 0.3 | 0.13 | 3.86 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.60% |
| ROCE | 31.93% |
| Debt/Equity | 0.98 |
| RoNW | 35.60% |
| PAT Margin | 12.86% |
| EBITDA Margin | 22.61% |
| Price to Book Value | 4.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.02 | 2 |
| P/E (x) | 13.14 | 33 |
Conclusion
The Sihora Industries IPO offers an investment opportunity in a fast-growing textile manufacturer with a diverse product portfolio and a state-of-the-art production facility. With its focus on innovation, quality, and sustainable practices, the company is well-positioned for expansion in India’s textile industry and global markets.
The IPO proceeds will be used for capacity enhancement, working capital, and debt reduction, strengthening Sihora’s market presence and operational efficiency. Investors seeking exposure to the SME textile sector driven by innovation and strategic growth may find this IPO an attractive proposition.
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