Sihora Industries Limited is engaged in the manufacturing and sale of narrow woven fabrics and industrial textiles, catering to both fashion and technical applications. The company offers a wide range of textile products, including laces, elastics, zippers, woven labels, tapes, and digitally printed fabrics, combining modern automation with traditional craftsmanship.
Originally established as Sihora Narrow Fabrics in 2007, the business was later taken over and incorporated as Sihora Industries Private Limited in 2023 and converted into a public limited company in 2024. Over the years, it has evolved into a diversified textile manufacturer serving domestic as well as export markets.
The company’s product range includes:
- Lace and Border
- Rapier Looms (converted into Label Looms)
- Needle Loom Products
- Zippers
- Elastics
- Viscose Suit Fabrics
- Woven Labels and Digital Prints
Additionally, Sihora Industries is expanding its portfolio to include PP–FDY Niwar Tape and technical/specialized zippers, reinforcing its position in the value-added and technical textile segment.
The company operates an integrated textile manufacturing unit in Surat with end-to-end capabilities, encompassing:
- Yarn processing
- Weaving and digital printing
- Embroidery and dyeing
- Finishing and packaging
As of March 31, 2025, Sihora Industries operated with strong production efficiency — utilizing 83.3% of its narrow woven fabric capacity (6.55 lakh meters out of 7.86 lakh meters), 85.9% of its zipper capacity (4.91 lakh kgs out of 5.72 lakh kgs), and 72.7% of its elastic capacity (24,960 kgs out of 34,320 kgs). This high utilization indicates efficient operations and growing demand, particularly for its newer product lines such as zippers and elastics.
Sihora Industries IPO – Details
| IPO Opening Date | 10 October 2025 |
| IPO Closing Date | 14 October 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 16,00,000 Shares Worth ₹10.56 Crore Fresh Issue: 16,00,000 Shares Worth ₹10.56 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Sihora Industries IPO – Date Schedule
| IPO Open Date | 10 October 2025 |
| IPO Close Date | 14 October 2025 |
| Basis of Allotment | 15 October 2025 |
| Initiation of Refund | 16 October 2025 |
| Credit of Shares to Demat | 16 October 2025 |
| IPO Listing Date | 17 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 14, 2025 |
Sihora Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,64,000 |
| Retail (Max) | 2 | 4,000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,96,000 |
Competitive Strength
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Long term Relationship with the Clients.
- Visible growth through a robust order book.
- Scalable Business Model.
Company Promoters
- Mr. Gautam Vallabhbhai Sihora
- Mrs. Priyal Gautamkumar Sihora
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹12.10 Cr | ₹11.92 Cr | ₹0.30 Cr | ₹3.86 Cr |
| 31 March 2024 | ₹11.62 Cr | ₹10.85 Cr | ₹0.60 Cr | ₹5.30 Cr |
| 31 March 2025 | ₹15.06 Cr | ₹12.56 Cr | ₹1.87 Cr | ₹5.14 Cr |
| 31 August 2025 | ₹5.86 Cr | ₹5.27 Cr | ₹0.45 Cr | ₹5.71 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.60% |
| ROCE | 31.93% |
| Debt/Equity | 0.98 |
| RoNW | 35.60% |
| PAT Margin | 12.86% |
| EBITDA Margin | 22.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding Capital Expenditure towards the purchase of additional plant & machinery. | ₹2.00 |
| Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial Institutions. | ₹2.58 |
| To meet additional working capital requirements. | ₹3.50 |
| General Corporate Purposes. | – |
✅Strengths
- Diversified range of products including laces, zippers, elastics, and woven fabrics.
- Integrated facility in Surat with end-to-end textile processes ensures quality and efficiency.
- Experienced promoters with 17+ years in textiles.
- Focus on innovation and automation with advanced looms and zipper machinery.
- Strong growth with 25.96% revenue increase in FY 2024–25.
⚠️Risks
- Dependent on the textile industry’s demand cycles.
- Raw material price fluctuations may affect margins.
- Limited regional presence, mostly domestic sales.
- Some trademark registrations pending transfer.
- Small-scale operations with capital and competition challenges.
Sihora Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 69.97% |
Sihora Industries IPO Prospectus
Company Contact Information
| Sihora Industries Ltd. Plot 34/D-1, Laxminarayan, BRC Compound Udhna, Mangrol Surat, Gujarat, 394210 Phone: +91 98241 52000 Email: info@sihoragroup.com Website: http://www.sihoragroup.com/ |
Sihora Industries IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Sihora Industries IPO Lead Manager(s)
| 1. Sobhagya Capital Options Pvt.Ltd. |
Sihora Industries IPO FAQ
| What is Sihora Industries IPO? Sihora Industries IPO is an SME IPO. The issue is priced at ₹66 per equity share. The IPO is to be listed on BSE SME. |
| When Sihora Industries IPO will open? The IPO is to open on 10 October 2025 for NII and Retail Investors. |
| What is Sihora Industries IPO Investors Portion? The investors’ portion for NII – 50% and Retail – 50%. |
| What is the Sihora Industries IPO Size? Sihora Industries IPO size is ₹10.56 Crore. |
| What is Sihora Industries IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 4,000 Shares with ₹2,64,000 amount, while the maximum bid is 4,000 Shares with ₹2,64,000. |
| What is the Sihora Industries IPO Allotment Date? Sihora Industries IPO allotment date is 15 October 2025. |
| What is the Sihora Industries IPO Listing Date? Sihora Industries IPO listing date is 17 October 2025. The IPO is to be listed on the BSE SME. |
