Incorporated in 2023, Sihora Industries Limited manufactures and sells narrow woven fabrics, lace, digitally printed fabrics, woven labels, tapes, zippers, elastics, and other textile products, including technical textiles, for fashion and industrial use.
Key products:
- Lace
- Rapier Looms (converted into Label Looms)
- Needle Looms
- Zipper
- Elastic
Other products in pipeline: PP – FDY Niwar Tape, Technical and Specialized Zipper.
Revenue: As on March 31, 2025, it has reported total revenue of Rs 1,456.20 lakhs with 55.20% revenue from Viscous Suit and Rapier Lace and Border, 28.55% from Zipper, 15.77% from Lace & Border Sales and 0.48% from Elastic Sales (commenced in Dec 2024)
Manufacturing Facility: It has an integrated manufacturing facility in Surat, Gujarat with end-to-end textile manufacturing processes, i.e., yarn processing, weaving, digital printing, embroidery, dyeing, and finishing—using modern technology alongside traditional craftsmanship.
Existing capacity and utilization (As on March 31, 2025):
- Narrow woven fabric: 7,86,240 meters with capacity utilization of 6,55,200 meters
- Zipper production: 5,72,460 kgs and actual utilization is 4,91,744 Kgs
- Elastic production: 34,320 Kgs and actual capacity utilization of 24,960 kgs
Key strengths
- Consistency in Quality Standards
- Strategic located manufacturing unit in Surat, Gujarat
- Experienced Promoters and Management Team
- Smooth flow of operations
- Cost effective production
- Market Diversification
- Scalable business model
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding Capital Expenditure towards purchase of additional plant & machinery | ₹2 |
| Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial Institutions | ₹3 |
| To meet additional working capital requirements | ₹4 |
| General Corporate Purposes | ₹2 |
| Metric | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 16 | 13 | 7 |
| Revenue | 6 | 15 | 12 |
| PAT | 0 | 2 | 1 |
| EBITDA | 1 | 3 | 2 |
| Net Worth | 6 | 5 | 4 |
| Reserves | 2 | 2 | 3 |
| Total Borrowing | 6 | 5 | 5 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 760,000 (48%) | — |
| Retail (RII) | — | 760,000 (48%) | — |
| Market Maker | — | 80,000 (5%) | — |
| Total | — | 1,600,000 (100%) | — |
* Amount calculated at upper price band (₹66) · ** Total includes all investor categories
- 1 Initiation of Refund 16 Oct 2025
- 2 Credit of Shares to Demat 16 Oct 2025
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
- The IPO P/E of 33x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹2 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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