The Sihora Industries IPO has caught investor attention as another promising SME issue entering the textile segment. With high utilization levels, integrated operations, and expanding demand for narrow woven and digital fabrics, this IPO is being closely watched by retail and HNI investors alike.
The company’s young age adds both growth potential and risk, making it a subject of keen market sentiment and debate.
About the Company
Sihora Industries Limited, based in Surat, Gujarat, is an integrated textile manufacturer engaged in producing narrow woven fabrics, laces, digitally printed fabrics, woven labels, elastics, tapes, zippers, and technical textiles.
It operates a modern production unit with rapier looms, jacquard weaving, digital printing, embroidery, and dyeing facilities—enabling end-to-end control over quality and delivery.
As of July 31, 2025, the company employed 67 people and achieved 90% capacity utilization for its 327,600 meters installed capacity of narrow woven fabrics.
Promoters:
- Mr. Gautam Vallabhbhai Sihora
- Mrs. Priyal Gautamkumar Sihora
Sihora Industries IPO Details
| Parameter | Details |
|---|---|
| Issue Type | Fixed Price SME IPO |
| Issue Size | ₹10.56 crore (Fresh Issue only) |
| Face Value | ₹10 per share |
| Price Band | ₹66 per share |
| Lot Size | 1,800 shares |
| Minimum Investment (Retail) | ₹1,18,800 (1 lot) |
| Market Maker Reservation | 80,000 shares |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Choice Capital Advisors Pvt. Ltd. |
| Exchange | BSE SME |
Reservation Quota
- Retail Individual Investors (RII): 50%
- Non-Institutional Investors (NII): 50%
- Qualified Institutional Buyers (QIB): 0%
IPO Timeline
| Event | Date |
|---|---|
| Issue Opens | October 10, 2025 |
| Issue Closes | October 14, 2025 |
| Basis of Allotment | October 15, 2025 |
| Refunds / Share Credit | October 16, 2025 |
| Listing Date | October 17, 2025 |
| Exchange | BSE SME |
Sihora Industries IPO GMP Today (October 10, 2025)
As of October 10, 2025, the Grey Market Premium (GMP) for Sihora Industries IPO is ₹0, indicating no significant premium yet.
Since the issue has just opened, grey market activity is expected to pick up in the next 1–2 days as subscription data flows in.
Current GMP Trend:
- October 8, 2025: ₹0
- October 9, 2025: ₹0
- October 10, 2025: ₹0
👉 Expected Listing Price: ₹66 (flat listing)
However, past SME textile listings have seen 10–30% premiums once demand builds up mid-issue.
Financial Summary
| Particulars (₹ Crores) | FY24 | FY25 (Provisional) | Apr–Aug 2025 (5 Months) |
|---|---|---|---|
| Revenue | ₹22.84 | ₹40.15 | ₹18.47 |
| Profit After Tax (PAT) | ₹1.01 | ₹2.48 | ₹1.09 |
| EPS (₹) | 1.85 | 4.02 | 1.76 |
Highlights:
- Rapid revenue growth since inception (2023–2025).
- Healthy margins despite being a new entrant.
- Efficient capacity utilization (90%) supports scalability.
Strengths and Risks
Strengths
- Integrated textile operations under one roof.
- High utilization and modern machinery setup.
- Growing demand for specialized fabrics and woven products.
- Lean operations with limited debt exposure.
- Promoter-led expertise in Surat’s textile cluster.
Risks
- Very limited operating history (incorporated 2023).
- High dependence on the Surat textile ecosystem.
- Vulnerability to raw material price fluctuations (yarn, dyes).
- SME listing — lower liquidity post-listing.
Expert Review
Market analysts are neutral to cautiously positive on the Sihora Industries IPO. The issue size is small but backed by solid utilization and operational efficiency. However, valuation comfort is limited due to its short track record.
- Valuation: Reasonable for SME IPOs in textile manufacturing.
- Demand Outlook: Favorable given industrial and fashion textile growth.
- Risk Level: Moderate to High (young company).
Verdict: Moderate Subscribe for long-term investors; suitable for high-risk portfolios seeking SME exposure.
Allotment Details
Allotment will be finalized on October 15, 2025, on a proportionate basis.
Check Allotment Status:
- Bigshare Services
- BSE SME Portal
- Broker Platforms: Zerodha, Groww, Angel One
Refunds for unallotted applicants and credit of shares will occur by October 16, 2025.
Listing Details
| Parameter | Details |
|---|---|
| Exchange | BSE SME |
| Listing Date | October 17, 2025 |
| Expected Listing Price | ₹66 (flat) |
| Lock-in Period | 3 years (promoters – 20% shares) |
FAQs
What is the GMP of Sihora Industries IPO today?
As of October 10, 2025, the GMP is ₹0 — no premium in the grey market yet.
What is the issue price of Sihora Industries IPO?
The IPO is priced at ₹66 per share.
What are the allotment and listing dates?
Allotment on October 15, 2025, and listing on October 17, 2025, at BSE SME.
Is Sihora Industries IPO good for the long term?
It has growth potential but carries high risk due to a short operational history.
What is the minimum investment for retail investors?
₹1,18,800 (1 lot of 1,800 shares).
Who is the registrar of Sihora Industries IPO?
Bigshare Services Pvt. Ltd.
Conclusion
The Sihora Industries IPO offers a small but promising opportunity in the growing textile manufacturing space. With high utilization, strong growth, and integrated operations, it has decent potential for long-term investors. However, due to its young business and SME nature, investors should apply cautiously or in moderation after monitoring subscription trends.
EstiMarket Verdict: “Apply with Caution” — suitable for investors seeking growth exposure in SME textiles.
