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Sarva Foam Files IPO Draft to Fund Facility, Repay Debt
Sarva Foam Industries wants to raise money by selling shares to the public.
It has filed an IPO document with India’s market regulator, SEBI.
Some shares will be newly issued by the company, while some will be sold by promoter Kunal Giani.
The company plans to spend Rs 90 crore on a new factory.
It also plans to use Rs 30 crore to reduce its loans.
Sarva Foam makes rebonded polyurethane foam used in products such as mattresses, furniture and carpets.
It has four factories and exports to several countries.
Its revenue increased from Rs 174.84 crore to Rs 206.12 crore between FY25 and FY26.
Sarva Foam Industries filed a Draft Red Herring Prospectus with SEBI for an IPO of up to 54 lakh fresh shares and 13.50 lakh offer-for-sale shares.
The company plans to use Rs 90 crore from the fresh issue for a new rebonded polyurethane foam manufacturing facility.
It intends to use another Rs 30 crore to repay or prepay borrowings, with the balance earmarked for general corporate purposes.
Sarva Foam operates four manufacturing units with total capacity of 15,500 metric tonnes per annum as of March 31, 2026.
Revenue from operations rose to Rs 206.12 crore in FY26 from Rs 174.84 crore in FY25, according to the article.
- Who
- Sarva Foam Industries Limited, promoter Kunal Giani, SEBI, Beeline Capital Advisors and Bigshare Services.
- What
- Sarva Foam filed a DRHP for an IPO comprising a fresh issue of up to 54 lakh shares and an OFS of up to 13.50 lakh shares.
- Where
- Sarva Foam is based in Bhopal and operates manufacturing units in Dadri, Silvassa and Krishnagiri; the shares are proposed to be listed on the NSE and BSE.
- When
- The filing and financial figures referenced in the article concern FY25 and FY26, with capacity stated as of March 31, 2026.
- Why
- The company plans to fund a new rebonded PU foam facility, repay or prepay borrowings and support general corporate purposes.
Key facts
- Fresh issue
- Up to 54 lakh equity shares
- Offer for sale
- Up to 13.50 lakh shares by promoter Kunal Giani
- New facility allocation
- Rs 90 crore
- Debt repayment allocation
- Rs 30 crore
- Manufacturing capacity
- 15,500 metric tonnes per annum as of March 31, 2026
- FY26 revenue
- Rs 206.12 crore, compared with Rs 174.84 crore in FY25
- Proposed listing
- National Stock Exchange and BSE
Sources
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