Sihora Industries IPO

About Sihora Industries IPO

The IPO of Sihora Industries comprises a fresh issue of 16,00,000 equity shares aggregating up to ₹10.56 crores. There is no offer for sale in this IPO whose total issue size is pegged at ₹10.56 crores. A fixed price issue, the IPO opens on October 10, 2025 and closes on October 14, 2025. The final issue price is ₹66 per share.

The listing date is on October 17, 2025 and the allotment date is on October 15, 2025. The credit of shares to the Demat account will take place on October 16, 2025, while the initiation of refund will take place on October 16, 2025.

Sihora Industries is engaged in the business of manufacturing and sale of narrow woven fabrics, lace, digitally printed narrow fabrics, woven labels, tapes, zippers, elastics and other textile products, including technical textiles, for use in fashion and industrial sectors.

Objectives of Sihora Industries IPO

The company proposes to utilise the IPO proceeds for:

• 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
  
• Meeting working capital requirements
  
• General corporate purposes
  
• Meeting public issue expenses
  

Industry Outlook

India’s textiles sector is one of the oldest industries in the Indian economy, dating back to several centuries. The industry is extremely varied, with hand-spun and hand-woven textiles sectors at one end of the spectrum, with the capital-intensive sophisticated mills sector at the other end. The fundamental strength of the textile industry in India is its strong production base of a wide range of fibre/yarns from natural fibres like cotton, jute, silk, and wool, to synthetic/man-made fibres like polyester, viscose, nylon and acrylic.

The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030. Moreover, India is the world's 3rd largest exporter of textiles and apparel. India ranks among the top five global exporters in several textile categories, with exports expected to reach US$100 billion.

Company Information

Sihora Industries is engaged in the business of manufacturing and sale of narrow woven fabrics, lace, digitally printed narrow fabrics, woven labels, tapes, zippers, elastics and other textile products, including technical textiles, for use in fashion and industrial sectors.

The company’s operations are headquartered in Surat, Gujarat, which is a textile manufacturing hub. The company’s business integrates technology with traditional manufacturing processes for apparel clients, proprietary brands, and contract customers. It manufactures customisable products for brands, retailers, wholesalers, and end consumers.

Strengths of Sihora Industries

• Experienced promoters and management team
  
• Consistency in quality standards
  
• Strategic location of manufacturing unit
  
• Smooth flow of operations
  
• Cost effective production and timely fulfilment of orders
  
• Market diversification
  
• Scalable business model
  
• Optimal utilisation of resources
  

Risks of Sihora Industries IPO

• Any adverse developments in Surat, Gujarat, could materially impact business operations and financial performance
  
• Any disruption in the operation of manufacturing facility may have a material adverse effect on business
  
• Any loss of major customers or a significant reduction in their demand could materially and adversely affect business
  
• Lack of long-term agreements with top suppliers may adversely affect business
  
• Any disruption in current arrangements of premises may affect business
  

Peer Comparison

There are no comparable listed peer group companies and hence any comparison cannot be made.

Anchor Investor Bidding Date: NA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services
• Book Running Lead Managers: Sobhagya Capital Options

Business Model

Sihora Industries manufactures and sells narrow woven fabrics, lace, digitally printed narrow fabrics, woven labels, tapes, zippers, elastics and other textile products, including technical textiles, for use in fashion and industrial sectors.

The business integrates technology with traditional manufacturing processes for apparel clients, proprietary brands, and contract customers. It manufactures customisable products for brands, retailers, wholesalers, and end consumers.

Company Growth Trajectory

The revenue from operations of Sihora Industries grew from ₹12.0977 crores in FY 23 to ₹14.5620 crores in FY 25. EBITDA margin grew from 9.64% in FY 23 to 22.61% in FY 25, while PAT margin increased from 2.48% in FY 23 to 12.86% in FY 25. Consistency in quality standards coupled with strategic location of manufacturing unit has helped the company grow over the years.

Market Position

The manufacturing unit of Sihora Industries is located in Surat, Gujarat, which provides access to transportation networks, local suppliers, and workforce availability. The integration of multiple manufacturing processes at a single location enables the company to supply products to customers engaged in both branded and non-branded businesses.

How to Check Allotment Status of Sihora Industries IPO?

1. Visit the Registrar’s Website

• Visit the official website of Bigshare Services
  
• Choose IPO Allotment Status from ‘Services’
  
• Click on any one of the servers
  
• Choose ‘Company Name’ from dropdown
  
• Enter either your application number, CAF number or beneficiary ID
  

2. Check on the BSE Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Select 'Equity' from the dropdown menu
  
• Choose 'Sihora Industries' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search’ to know allotment status
  

How to Apply for the Sihora Industries IPO?

To apply for this IPO:

• Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.