Sihora Industries was incorporated on August 10, 2023. The company manufactures and sells narrow woven fabrics, lace, zippers, elastics, and other textile products for fashion and industrial use. Headquartered in Surat, Gujarat, it combines technology with traditional manufacturing to produce customizable products for brands, retailers, and end consumers
| Bidding Dates |
|---|
| 10 Oct 2025 - 14 Oct 2025 |
| Subscription |
|---|
| 1.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,64,000 | 2 | 2 | 2000 | 1.6 M | ₹66 | 69.97 % | ₹105.6 M | RHP DOC |
Sihora Industries IPO SUBSCRIPTION STATUS
14 Oct '25Sihora Industries IPO overall subscription rate was 1.27 times the total available shares
Sihora Industries IPO retail subscription rate was 1.3 times in the retail segment
Sihora Industries IPO non-institutional investor subscription rate was 1.23 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Oct 2025 (Day 3) | 1.3x | 1.23x | - |
13 Oct 2025 (Day 2) | 0.64x | 0.58x | - |
10 Oct 2025 (Day 1) | 0.23x | 0.35x | - |
Sihora Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 5MFY26 | 5.8 | 0.4 | -0.3 | -0.4 | 19.4% |
| FY25 | 14.6 | 1.9 | -0.1 | -2.2 | 22.6% |
| FY24 | 11.6 | 0.6 | 1.8 | -0.8 | 14.9% |
| FY23 | 12.1 | 0.3 | -0.1 | -0.1 | 9.6% |
Sihora Industries IPO SUBSCRIPTION STATUS DETAILS
Sihora Industries had 1.6 M shares on offer
Sihora Industries IPO offer price was ₹66
Sihora Industries IPO minimum Investment was ₹264000
Sihora Industries IPO issue size was ₹ 105.6 M
Sihora Industries had a minimum lot size of 2000 Shares per application
Sihora Industries NUMBER OF SHARES ON OFFER
Sihora Industries IPO IMPORTANT DATES
| Issue Open Date | 10 Oct 2025 |
| Issue close Date | 14 Oct 2025 |
| Allotment Date | 15 Oct 2025 |
| Refund Date | 16 Oct 2025 |
| Demat Account Credit Date | 16 Oct 2025 |
| Listing Date | 17 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Sihora Industries Allotment Status | Exchange/ Registrar |
Sihora Industries IPO subscription opened on 10 Oct 2025, and closed on 14 Oct 2025
IPO allotment for Sihora Industries was finalized on Wednesday, 15 Oct 2025
IPO listing for Sihora Industries was on BSE on Friday, 17 Oct 2025
Sihora Industries IPO LISTING GAINS
| Issue Price (adjusted) | 66.0 |
| Listing Open Price | 70.0 |
| Listing Close Price | 66.5 |
| Listing Gain% | 6.1% |
| Current Gain% | -10.6% |
Sihora Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sihora Industries Ltd. | 59 | 31.4 | 32.6 | -0.7 | 1.6 | 6 | 5 | 19.5 | 29.7 | 1 | -48.5 | 1.8 | -48.5 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Sihora Industries INFORMATION ON IPO ISSUE
About Sihora Industries
Sihora Industries was incorporated on August 10, 2023. The company manufactures and sells narrow woven fabrics, lace, zippers, elastics, and other textile products for fashion and industrial use. Headquartered in Surat, Gujarat, it combines technology with traditional manufacturing to produce customizable products for brands, retailers, and end consumers
Object of the Issue
- Funding capital expenditure towards purchase of additional plant and machinery
- Repayment or prepayment, in full or in part, of borrowings availed by the company from banks and financial Institutions
- To meet working capital requirements
- General corporate purposes
- To meet public issue expenses
Sihora Industries - PROMOTERS
| Name |
|---|
| Gautam Vallabhbhai Sihora |
| Priyal Gautamkumar Sihora |
| Gautam Vallabhbhai Sihora HUF |
Sihora Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Gautam Vallabhbhai Sihora | Chairman & Managing Director |
| Priyal Gautamkumar Sihora | Whole-time Director |
| Chirag Rameshbhai Dhameliya | Non-Executive Non Independent Director |
| Rajesh Kalubhai Mepani | Independent Director |
| Independent Director | Independent Director |
Sihora Industries Book Running Lead Manager
Sobhagya Capital Options Private Limited
mb@sobhagyacap.com
Sihora Industries Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Sihora Industries Strengths
Quality standards
The company maintains strict quality standards through skilled staff, proper facilities, and in-house quality control. Each product undergoes detailed inspections for defects, ensuring consistent, durable, and comfortable products that meet customer expectations
Cost effective production
The company ensures timely order fulfillment and cost efficiency by maintaining strong supplier relationships, efficient production systems, and reliable raw material sourcing. Its effective procurement policies enable consistent, on-time delivery and cost-effective production
Scalable business model
The company follows an order-driven model focused on optimal capacity use, strong supplier linkages, and economies of scale. Its scalable operations and consistent product quality have supported growth through innovation and aggressive marketing in domestic markets
Sihora Industries Risks
Accident risks
The company’s Surat, Gujarat manufacturing and processing unit faces operational risks such as equipment breakdowns, industrial accidents, severe weather, or natural disasters. Any major malfunction or shutdown of its manufacturing assets could lead to delays, higher repair costs, and adversely affect business operations and financial performance
Expansion risks
The company’s international expansion plans expose it to risks such as foreign exchange fluctuations, regulatory differences, logistics challenges, and competition from established global players. Political instability or economic uncertainty in target markets could also adversely affect its financial performance and strategic objectives
Limited products
The company primarily focuses on a limited range of specialized textile products Narrow Fabrics, Laces, Borders, Labels, Elastic, and Zippers—which drive most of its revenue and define its brand identity. While this focus enables expertise and innovation, it also exposes the business to risks from market fluctuations, changing consumer preferences, and unforeseen disruptions
IPO FAQs
The promoters of the company are Gautam Vallabhbhai Sihora, Priyal Gautamkumar Sihora and Gautam Vallabhbhai Sihora HUF.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 66.0 - 66.0.
The IPO application opens on Oct 10, 2025 and closes on Oct 14, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 264,000.0, the maximum value for this IPO is Rs 264,000.0.
This IPO will be allotted on Oct 15, 2025.
The refund will be credited to your account on Oct 16, 2025.
The allotted shares will be credited to your demat on Oct 16, 2025.
Sihora Industries Ltd.’s shares listed on the stock exchanges on Oct 17, 2025.