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Sihora Industries Limited, incorporated in 2023, is a Surat-based manufacturer of narrow woven fabrics and industrial textiles, including laces, tapes, elastics, and zippers. The company took over the business of 'Sihora Narrow Fabrics,' a proprietorship established in 2007 by promoter Mr. Gautam Vallabhbhai Sihora. Operating an integrated manufacturing facility in Gujarat's textile hub, Sihora Industries leverages modern machinery and technology to serve clients in the fashion and industrial sectors. The business is managed by an experienced team focused on stringent quality standards and strong customer relationships.
Opening Date
Oct 10, 2025
Closing Date
Oct 14, 2025
Listing Date
Oct 17, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
10.56 Cr
Fresh Issue
10.56 Cr
Offer for Sale
—
Price Band
₹66 - ₹66
Lot Size
2000
The main objectives of the issue are to utilize the net proceeds for the following purposes:
Funding capital expenditure of ₹2.00 crores towards the purchase of additional plant and machinery to enhance production capacity and operational efficiency.
Repayment or prepayment of borrowings amounting to ₹2.58 crores availed by the company from banks and financial institutions, which will reduce debt service obligations.
To meet additional working capital requirements of ₹3.50 crores to support the company's growing scale of operations.
Utilizing up to ₹1.55 crores for general corporate purposes, including funding growth opportunities and other business needs.
P/E Ratio
3.32
EPS
2
ROE
35.6%
ROCE
31.93%
RONW
35.6%
Debt to Equity Ratio
0.98
PAT Margin
12.86%
EBITDA Margin
22.61%
P/B
4.68
Led by experienced promoters and a skilled management team with over 17 years in the textile industry.
Maintains stringent, consistent quality standards through in-house quality control mechanisms and skilled supervision.
Strategically located manufacturing unit in Surat, a major textile hub, providing logistical and sourcing advantages.
Established long-term relationships with key customers and suppliers, ensuring stable demand and uninterrupted operations.
High geographical concentration with a single manufacturing facility located in Surat, increasing vulnerability to regional disruptions.
Significant revenue dependency on a limited number of customers, with the top five contributing over 50% of revenue.
Operations are conducted from premises not owned by the company but leased from the promoter, posing operational risks.
The business is working capital intensive and has a history of negative cash flows from operating activities.
The Indian textile industry is on a growth trajectory, with government support through initiatives like the PLI scheme.
Potential to expand into international markets and grow export revenues.
Growing demand for technical textiles, offering a pathway for product diversification and higher-margin business.
Ability to scale up operations and cater to a wider market by leveraging the integrated manufacturing setup.
Volatility in the price and availability of key raw materials like polyester yarn, which can impact profit margins.
Susceptibility to adverse changes in macroeconomic conditions that could reduce demand for textile products.
Intense competition from numerous organized and unorganized players in the domestic and international textile markets.
Risks associated with changes in government policies, tax laws, and other regulations affecting the manufacturing sector.