Sihora Industries IPO is scheduled to open on October 10, 2025, and will close on October 14, 2025. This is a Fixed Price Issue IPO, through which the company aims to raise approximately ₹10.56 crores. The issue comprises a fresh issue worth ₹10.56 crores, while the offer for sale details are yet to be disclosed. The IPO price has been fixed at ₹66 per share, with a face value of ₹10 per equity share. The retail investor quota is set at 50%, HNI quota at 50%, and QIB quota at 0%. The Sihora Industries IPO listing date is expected to be October 17, 2025, on the BSE, while the IPO allotment date is October 15, 2025.
In terms of financial performance, Sihora Industries has shown strong growth over the years. The company reported revenue of ₹15.06 crores in FY 2025, compared to ₹11.62 crores in FY 2024, reflecting steady business expansion. The net profit also increased significantly to ₹1.87 crores in FY 2025 from ₹0.60 crores in FY 2024, indicating improved profitability and efficient cost management.
Table of contents
- Sihora Industries IPO Date & Price Band Details
- Sihora Industries IPO Market Lot
- Sihora Industries IPO Reservation
- Sihora Industries IPO Allotment & Listing Dates
- Sihora Industries IPO: Promoters and Holding Pattern
- Objects of the Issue & Utilisation of proceeds – Sihora Industries IPO
- Sihora Industries IPO Company Financial Report
- Sihora Industries IPO Valuation – FY2025
- Sihora Industries IPO Peer Group Comparison
- Sihora Industries Company Overview, Key Points, Strengths, and Risks
- Sihora Industries IPO Registrar
- IPO Lead Managers aka Merchant Bankers
- Sihora Industries Company Address
- FAQs about Sihora Industries IPO
Sihora Industries IPO Date & Price Band Details
The Sihora Industries IPO opens on October 10, 2025, and closes on October 14, 2025. It’s a Fixed Price Issue with a price of ₹66 per share and face value of ₹10. The IPO aims to raise ₹10.56 crores and will be listed on the BSE SME platform.
| IPO Details | Details |
|---|---|
| IPO Open Date | October 10, 2025 |
| IPO Close Date | October 14, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹66 Per Share |
| Issue Size | Approx ₹10.56 Crores |
| Fresh Issue | Approx ₹10.56 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Sihora Industries IPO Market Lot
The Sihora Industries IPO has a lot size of 2 lots for retail investors, requiring 4,000 shares with an investment of ₹2,64,000. The maximum retail application remains the same, while the S-HNI category requires a minimum of 3 lots (6,000 shares) with an investment of ₹3,96,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹2,64,000 |
| Retail Maximum | 2 | 4,000 | ₹2,64,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,96,000 |
The Sihora Industries IPO Subscription Status will be updated after the bidding process begins on October 10, 2025.
Sihora Industries IPO Reservation
In the Sihora Industries IPO, the retail investor quota is set at 50%, offering equal opportunity for small investors. The remaining 50% is reserved for the Non-Institutional Investor (NII) category. There is no QIB quota, making this IPO equally divided between retail and HNI investors.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| NII Shares Offered | – Shares | 50% |
| Retail Shares Offered | – Shares | 50% |
Sihora Industries IPO Allotment & Listing Dates
The Sihora Industries IPO will open on October 10, 2025, and close on October 14, 2025, with a bidding cut-off time of 5 PM. The basis of allotment is expected on October 15, 2025, while refunds and credit to Demat accounts will take place on October 16, 2025. The IPO listing date is October 17, 2025, on the BSE SME platform.
| Event | Date |
|---|---|
| IPO Open Date: | October 10, 2025 |
| IPO Close Date: | October 14, 2025 |
| Basis of Allotment: | October 15, 2025 |
| Refunds: | October 16, 2025 |
| Credit to Demat Account: | October 16, 2025 |
| IPO Listing Date: | October 17, 2025 |
| IPO Bidding Cut-off Time: | October 14, 2025 – 5 PM |
Sihora Industries IPO: Promoters and Holding Pattern
The promoters of Sihora Industries are Mr. Gautam Vallabhbhai Sihora and Mrs. Priyal Gautamkumar Sihora. Before the IPO, the promoter holding stood at 37,27,400 shares (100%), which will reduce to 53,27,400 shares (69.97%) post-issue, indicating continued strong promoter confidence and control in the company.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 37,27,400 | 100% |
| Promoter Holding Post Issue | 53,27,400 | 69.97% |
Objects of the Issue & Utilisation of proceeds – Sihora Industries IPO
The Sihora Industries IPO aims to utilize the net proceeds for key business growth objectives. Around ₹2.00 crores will be used for capital expenditure to purchase new plant and machinery, ₹2.58 crores for loan repayment, and ₹3.50 crores to meet working capital needs, with the balance for general corporate purposes.
| Purpose | Crores |
|---|---|
| Funding Capital Expenditure towards purchase of additional plant & machinery | 2.00 |
| Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial Institutions | 2.58 |
| To meet additional working capital requirements | 3.50 |
| General Corporate Purpose | – |
Sihora Industries IPO Company Financial Report
The financial performance of Sihora Industries reflects consistent growth over the years. The company’s revenue increased from ₹11.62 crores in FY 2024 to ₹15.06 crores in FY 2025, while PAT rose from ₹0.60 crores to ₹1.87 crores. As of August 2025, Sihora reported ₹5.86 crores revenue and ₹0.45 crores profit, showcasing strong financial stability and business expansion.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹12.10 | ₹11.92 | ₹0.30 | ₹8.95 |
| 2024 | ₹11.62 | ₹10.85 | ₹0.60 | ₹7.44 |
| 2025 | ₹15.06 | ₹12.56 | ₹1.87 | ₹12.65 |
| August 2025 | ₹5.86 | ₹5.27 | ₹0.45 | ₹15.90 |
Sihora Industries IPO Valuation – FY2025
The Key Performance Indicators (KPI) of Sihora Industries highlight its strong financial position. The company reported an impressive ROE of 35.60% and ROCE of 31.93%, with an EBITDA margin of 22.61% and PAT margin of 12.86%. The EPS stands at ₹5.02, and the NAV is ₹14.11, reflecting solid profitability and efficient capital utilization.
| KPI | Values |
|---|---|
| ROE: | 35.60% |
| ROCE: | 31.93% |
| EBITDA Margin: | 22.61% |
| PAT Margin: | 12.86% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹5.02 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.60% |
| Net Asset Value (NAV): | ₹14.11 |
Sihora Industries IPO Peer Group Comparison
- There are no comparable listed Peer Group Companies.
Sihora Industries Company Overview, Key Points, Strengths, and Risks
Sihora Industries Limited is an Indian textile manufacturer specializing in narrow woven fabrics and garment accessories. Founded in 2023 in Surat, Gujarat (a major textile hub), the company focuses on combining traditional craftsmanship with modern technology to serve a diverse clientele in the fashion, industrial, and medical sectors both domestically and internationally.
The company operates an integrated manufacturing facility in Surat, handling end-to-end processes like yarn processing, weaving (including rapier and needle looms), digital printing, embroidery, dyeing, and finishing.
Key Points
- Sector: Textiles, specifically narrow woven fabrics and garment accessories.
- Specialization: Manufacturing a wide range of products including zippers, elastic tapes, woven labels, lace & borders, digitally printed narrow fabrics, and other garment and technical textile accessories.
- Location: Headquartered and operating from Surat, Gujarat, India.
- Business Model: Primarily order-driven, focused on custom solutions for brands, retailers, wholesalers, and end-users, emphasizing optimal capacity utilization.
- Financials (as of FY2025): The company has shown growth, with revenue reported at ₹15.06 crores and Profit After Tax (PAT) at ₹1.87 crores for the financial year ending March 31, 2025.
- IPO: The company planned an Initial Public Offering (IPO) on the BSE SME exchange in October 2025.
Strengths
| Strength | Description |
|---|---|
| Integrated Manufacturing Facility | Possesses an end-to-end facility for processes like weaving, dyeing, and digital printing, which helps maintain consistent quality, reduce production delays, and improve cost efficiency. |
| Strategic Location | Located in Surat, Gujarat, a major textile hub, which provides easy access to raw materials, a skilled workforce, and robust transportation networks, leading to reduced logistics costs and procurement time. |
| Wide Product Range & Customization | Offers a comprehensive selection of products (zippers, elastics, laces, labels, etc.), catering to diverse customer needs and allowing for flexibility in design and customized production. |
| Experienced Management | Led by a management team and promoters with strong industry experience, aiding operational efficiency and strategic growth. |
| Quality and Efficiency Focus | Commitment to stringent quality control at every production stage and continuous efforts for optimal utilization of resources and cost-effective production. |
| Scalable Business Model | The order-driven model allows for the maximum capacity utilization of manufacturing facilities and the leveraging of economies of scale. |
Risks
| Risk | Description |
|---|---|
| Geographic Concentration | The entire manufacturing operation is located in a single facility in Surat, Gujarat. Any major regional disruption, such as a natural disaster, political unrest, or fire at the plant, could severely impact business continuity and production. |
| Customer Concentration | The business faces customer concentration risk, as a significant portion of its revenue (approximately 40-57% based on historical data) is contributed by its top 5 customers. The loss of one or more major customers could have a substantial negative impact on financial performance. |
| Competition | Operates in the highly competitive textile and garment accessories market, facing rivalry from both organized and unorganized players, which can put pressure on margins and market share. |
| Raw Material Price Volatility | The profitability is exposed to the volatility in the prices of key raw materials (like yarn, polyester, etc.), which are subject to global supply and demand fluctuations. |
| Young Company and IPO | Incorporated recently in 2023, the company has a relatively short operational and financial track record as a public entity, which carries inherent business and financial risks for investors. |
Sihora Industries IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Sobhagya Capital Options Pvt.Ltd.
Sihora Industries Company Address
Sihora Industries Ltd.
Plot 34/D-1, Laxminarayan, BRC Compound
Udhna, Mangrol
Surat, Gujarat, 394210
Phone: +91 98241 52000
Email: info@sihoragroup.com
Website: http://www.sihoragroup.com/
FAQs about Sihora Industries IPO
The Sihora Industries IPO opens on October 10, 2025, and closes on October 14, 2025. The allotment date is expected to be October 15, 2025, and the listing date is October 17, 2025.
The IPO is a Fixed Price Issue with the price set at ₹66 per equity share. The face value is ₹10 per share.
The minimum application lot size for a retail investor is 2 lots, which equals 4,000 shares, requiring a minimum investment of ₹2,64,000.
Sihora Industries aims to raise approximately ₹10.56 crores through this IPO, which consists entirely of a fresh issue of shares.
The Sihora Industries IPO is scheduled to be listed on the BSE SME platform.
The reservation quota is divided equally: 50% for Retail Investors and 50% for Non-Institutional Investors (NII/HNI). There is no QIB (Qualified Institutional Buyer) quota.
The net proceeds from the IPO will be primarily used for:
1. Funding capital expenditure (purchase of plant & machinery)
2. Repayment of borrowings (loans)
3. Meeting working capital requirements
In the financial year ended March 31, 2025, Sihora Industries reported a revenue of ₹15.06 crores and a significant increase in Net Profit (PAT) to ₹1.87 crores.
The promoters of the company are Mr. Gautam Vallabhbhai Sihora and Mrs. Priyal Gautamkumar Sihora. Post-IPO, their collective holding will be 69.97%.
The Registrar for the Sihora Industries IPO is Bigshare Services Pvt. Ltd.
Disclaimer: This content is provided strictly for educational and informational purposes only. The securities or investments mentioned are based on publicly available information and should not be construed as investment advice or recommendations. Investors are advised to consult with their financial advisor before making any investment decisions.
