Wednesday, November 23, 2016

Sheela Foam IPO to open on Nov 29th

Sheela Foam Ltd is entering in the capital markets with an initial public offering, IPO to raise Rs 510 crore. The price band for the issue has been fixed at Rs 680 at lower level and Rs 730 at upper level.

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.

The issue opens on Nov 29, 2016 and closes for subscription on Dec 01, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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