Sihora Industries Limited IPO

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Sihora Industries Limited, is a Surat-based textile manufacturing company engaged in the production and sale of narrow woven fabrics, lace, digitally printed fabrics, woven labels, tapes, zippers, elastics, and other textile products, including technical textiles. The Company serves both fashion and industrial sectors, offering customized products to brands, retailers, wholesalers, and end consumers.

Product Portfolio

Sihora offers a diverse and customizable range of textile products, including:

1. Lace: Used in garments, footwear, décor, and craft applications. Produced through Jacquard, Dobby, digital print, and handwork
2. Rapier Loom Fabrics/Labels:
Garment labels, QR code labels, woven labels, and decorative products such as photo frames and fabric accessories.
3. Needle Loom Products:
Includes various tapes, elastics, I-card tapes, raakhi and doori cords, and zipper tapes.
4. Zippers:
Manufactured in-house, combining zipper tapes and coiling. Used in garments, luggage, and accessories.
5. Elastics:
Elastic tapes with custom branding used in garments, luggage, and home furnishing products

The Company plans to expand into metal and plastic zippers and other technical textile applications in the future.

Competitive Strengths

i) Experienced Promoters and Skilled Management: Led by experienced promoters with strong industry knowledge and strategic vision, ensuring efficient leadership and motivated teams.
ii) Consistent Quality Standards: Strict in-house quality checks at every production stage ensure defect-free products and high customer satisfaction.
iii) Strategic Location Advantage: Based in Surat, Gujarat — offering access to skilled labour, local raw materials, and cost-efficient logistics.
iv) Strong Customer & Supplier Relationships: Long-standing ties with customers and suppliers ensure stable demand, timely supplies, and smooth operations.
v) Cost-Effective and Timely Production: Efficient procurement, technology adoption, and supplier partnerships enable low-cost, timely order fulfillments.

Future Outlook

Sihora Industries aims to expand its product range, strengthen its brand presence, and leverage technology and innovation to serve both domestic and international clients. Its scalable infrastructure, cost efficiency, and strong promoter leadership position it well for sustainable growth in India’s growing textile sector.

Objects of the Sihora Industries Limited IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Capital Expenditure towards purchase of additional plant and machinery (₹2 cr) 2. Repayment or prepayment of borrowings (₹2.58 cr) 3. Working Capital requirements (₹3.50 cr) 4. General Corporate Purposes (₹1.55 cr)

Sihora Industries Limited IPO Details:

Open Date: Oct 10 2025
Close Date: Oct 14 2025
Total Shares: 16,00,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Issue
Issue Size: 10.56 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 66 Per Equity Share
Listing At: BSE SME
Listing Date: Oct 17 2025

Promoters And Management:

1. Mr. Gautam Vallabhbhai Sihora, Chairman & Managing Director, Founder of Sihora Narrow Fabrics (2007) and promoter of Sihora Industries Ltd., Mr. Gautam Sihora holds a BHMS degree and has over 17 years of experience in textiles. He leads business strategy, marketing, technology upgrades, and product innovation, driving the company’s growth and global expansion. 2. Mrs. Priyal Gautamkumar Sihora, Executive Director, Mrs. Priyal Sihora, a B. Pharma graduate with multiple management diplomas, has over 10 years of experience in textiles. She oversees finance, administration, and marketing strategy, and also manages ventures like Annanya Designer and Anaadi Global Co., contributing to innovation and diversification. 3. Mr. Chirag Rameshbhai Dhameliya, Non-Executive Director, aged 32, holds a B.E. in Civil Engineering and has five years of experience in textile manufacturing. Appointed in May 2024, he supports operations, market development, and efficiency improvement within the company.

Financials of Sihora Industries Limited IPO:

Particulars 5M FY 2025-26 FY 2024-25 Aug10, 2023 to Mar 31, 2024 Apr 1,2023 to Oct 17, 2023 FY 2022-2023
Revenue from Operations (Cr) 5.80 14.56 6.21 5.34 12.09
EBITDA (Cr) 1.12 3.29 0.95 0.76 1.16
EBITDA Margins 19.41% 22.61% 15.38% 14.35% 9.64%
PAT (Cr) 0.44 1.87 0.32 0.27 0.29
PAT Margins 7.71% 12.86% 5.17% 5.15% 2.48%
ROCE 9.95% 31.93% 16.47% 25.06% 30.57%
Debt to Equity Ratio(In Times) 1 0.98 0.73 6.91 28.64
Operating Cash Flows (Cr) -0.3 -0.14 0.49 1.27 -0.08

Comparison With Peers:

According to RHP Their is no listed Peers existed in same business Segment.

Lead Manager of Sihora Industries Limited IPO:

  1. Sobhagya Capital Options Pvt. Ltd.

Registrar of Sihora Industries Limited IPO:

  1. Bigshare Services Private Limited

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