India’s textile & apparel industry is witnessing strong growth. With an estimated USD 350 billion valuation by 2030, supported by a 10% CAGR growth outlook, the industry is expected to witness renewed optimism. Amidst this growth story, Sihora Industries appears to ride through this growth wave with its upcoming IPO.
In short, Sihora Industries is set to launch its ₹10.56 crore IPO on October 10, 2025, and we are here to help you with all key details.
Let’s begin by checking out Sihora Industries’ IPO details India, along with all the major insights on its IPO lot size and timelines, etc.
Sihora Industries IPO Details
Here are the essential details of Sihora Industries’ IPO.
| IPO Open Date | October 10, 2025 |
| Close Date | October 14, 2025 |
| Face Value | ₹10 |
| Price Band | ₹66 |
| Issue size | 16,00,000 shares |
| Market Lot | 2,000 shares |
| Sale Type | Fresh Capital |
| Offer for Sale | – |
| Fresh Issue | 16,00,000 shares |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size (₹ Cr) | ₹10.56 Cr |
| Reserved for Market Maker | 80,000 shares |
| Net Offered to Public | 15,20,000 shares |
| Minimum Investment(₹) | ₹2,64,000 |
| Retail Discount | Undisclosed |
Sihora Industries IPO Timeline
Listed below are the Sihora Industries IPO date and timelines:
| IPO Opens | 10 Oct 2025 |
| IPO Closes | 14 Oct 2025 |
| Allotment happens on | 15 Oct 2025 |
| Initiation of refunds | 16 Oct 2025 |
| Shares credited on | 16 Oct 2025 |
| Tentative Listing Date | 17 Oct 2025 |
| Cut-off Time for UPI Mandate Confirmation | 14 Oct 2025 (5 pm) |
Sihora Industries IPO Reservation
You must not miss the Sihora Industries IPO reservation quota for investors:
| Category | %Shares Offered |
| Market Makers | 80,000 (5.00%) |
| QIBs | – |
| NII/ HNI | 7,60,000 (47.50%) |
| Retail Investors | 7,60,000 (47.50%) |
Sihora Industries: Key Performance Indicators
Key performance indicators (KPIs) provide quantifiable measures that assess the operational wellness of a business. Check out the Sihora Industries IPO KPIs here.
| Particulars | From April 1, 2025, to August 31, 2025* | FY 2025* | August 10, 2023, to March 31, 2024* | April 1, 2023, to October 17, 2023^ | FY 2023^ |
| Revenue from Operations | 580.14 | 1456.20 | 621.10 | 534.99 | 1209.77 |
| EBITDA | 112.60 | 329.21 | 95.54 | 76.76 | 116.55 |
| EBITDA Margin (%) | 19.41% | 22.61% | 15.38% | 14.35% | 9.64% |
| Profit After Tax | 44.71 | 187.26 | 32.14 | 27.53 | 29.98 |
| PAT Margin (%) | 7.71% | 12.86% | 5.17% | 5.15% | 2.48% |
| Net Worth | 570.75 | 526.03 | 338.77 | 40.90 | 13.48 |
| RoE (%) | 7.83% | 35.60% | 9.49% | 67.29% | 222.38% |
| RoCE (%) | 9.95% | 31.93% | 16.47% | 25.06% | 30.57% |
*Sihora Industries Limited
^Sihora Narrow Fabrics (company was taken over by Sihora Industries Limited)
Sihora Industries: Financial Overview
Check out the financial details of the Sihora Industries IPO below:
| Particulars | From April 1, 2025, to August 31, 2025* | FY 2025* | August 10, 2023, to March 31, 2024* | April 1, 2023 to October 17, 2023^ | FY 2023^ |
| Revenue from Operations | 580.14 | 1456.20 | 621.10 | 534.99 | 1209.77 |
| Total Assets | 1,585.85 | 1,264.92 | 743.79 (Total for FY24) | – | 895.21 |
| Profit After Tax | 44.71 | 187.26 | 32.14 | 27.53 | 29.98 |
*Sihora Industries Limited
^Sihora Narrow Fabrics (company was taken over by Sihora Industries Limited)
Sihora Industries IPO Lot Size
You can check out the IPO lot size for each category of investor for the Sihora Industries IPO below:
| Application | Lot Size | Shares | Amount(in ₹) |
| Individual investors (Retail) (Min) | 2 | 4,000 | 2,64,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | 2,64,000 |
| HNI (Min) | 3 | 6,000 | 3,96,000 |
Sihora Industries IPO Promoter Holding
The Sihora Industries IPO faces the following promoter holding pre-issue vs post-issue.
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | 69.97% |
Sihora Industries IPO Anchor Investors Details
The Sihora Industries IPO has the following timeline and updates related to anchor investors.
| Bid Date | Undisclosed |
| Shares Offered | Undisclosed |
| Anchor Portion Size (In Cr.) | Undisclosed |
| Anchor lock-in period end date for 50% shares (30 Days) | Undisclosed |
| Anchor lock-in period end date for remaining shares (90 Days) | Undisclosed |
Sihora Industries IPO Prospectus
A thorough analysis can be done on the Sihora Industries IPO review, with the help of these official documents:
About Sihora Industries
Headquartered in Surat, Sihora Industries Private Limited was established on August 10, 2023, to take over Sihora Narrow Fabrics, which was engaged in the business of fabric manufacturing and the sale of woven narrow fabrics such as laces, tapes, elastics, and others. Upon the completion of the takeover, the company switched to a ‘public limited company’.
The company works through an integrated textile manufacturing facility in Surat, Gujarat. The operational process includes yarn processing, weaving, digital printing, embroidery, dyeing, and finishing. The inclusion of multiple tasks in one facility minimises production delays, controls quality, and reduces inefficiencies.
As of August 31, 2025, the total installed capacity for narrow woven fabric for the company was 3,27,600 meters, with a capacity utilisation of 2,94,840 meters, with a 90% utilisation.
The company’s prospectus states that there are no listed comparable peers in the market. The promoters of the company are: MR. Gautam Vallabhbhai Sihora & Mrs. Priyal Gautam Kumar Sihora.
Objectives of the Sihora Industries
The net proceeds from the Sihota Industries IPO are planned to be utilised as follows:
| Particulars | Amount (₹ in lakhs) |
| Capex requirements for new machinery and plants. | 200.00 |
| Repayment of borrowings | 257.63 |
| Additional working capital requirements | 350.00 |
| General corporate purposes | 155.00 |
| Net Proceeds | 962.63 |
Strength of Sihora Industries
Listed below are the Sihora Industries IPO key strengths:
- Experienced team: Sihora Industries is backed by an experienced and specialised team of promoters and management.
- Maintained quality: Sihora Industries is well-known for its consistent quality standards and maintenance. They can nurture this through their in-house quality control team that strictly oversees quality.
- Strategic Location: Sihora Industries has its manufacturing facility strategically situated in Surat, which is pivotal in utilising a rich logistics connectivity. Raw materials, skilled & semi-skilled labour, and government infrastructure projects are all located nearby.
- Steady flow of operations: The company has witnessed a smooth, uninterrupted supply of raw materials from its suppliers. Moreover, their long-standing relationship with suppliers has helped them achieve smoothness in their operations.
Risk of Sihora Industries
You must check out these associated risks with the Sihora Industries IPO :
- Geographical concentration: All of the company’s operations run from its facility in Surat. This increases the risk of any regional risks, such as political disruptions, natural disasters, and others.
- Dependence on a single facility: The entire manufacturing process relies on a single manufacturing facility located in Surat. Any disruptions in machinery or the working environment in the facility can cause a significant disruption in the operations of the business.
- Limited customer concentration: A significant portion of revenue (57% in FY25) from operations come from the top 5 customers of the business. This increases customer concentration risk. If any major customer leaves, the company may face significant challenges.
- Non-owned premises: The company operates from premises that are 75% owned by its promoters and 25% by a relative of the promoter. Any change in the arrangement can cause adverse complications for the business.
Other Recent IPO List
Are you interested in learning about other recent IPOs? We have curated the most recent ones in the table below:
| Shipwaves Online IPO | Canara HSBC Life IPO |
| VijayPD Ceuticals IPO | Sodhani Capital IPO |
| Glottis IPO | Fabtech Technologies |
| Riddhi Displays Equipment IPO | Greenleaf Envirotech IPO |
Conclusion
Sihora Industries IPO opened on October 10, 2025. Its experienced management team, strong quality standards, and strategic location are its plus points. But you cannot ignore its geographical and customer concentration, along with a great reliance on a single facility, as major risks. Before investing, do your in-depth research by going through the Final Prospectus linked above.
Sihora Industries IPO FAQs
Sihora Industries IPO is a ₹10.56 crores SME IPO, entirely a fresh issue of 16,00,000 shares. The shares are to be listed on the BSE SME.
Log in to Zerodha Kite.
Search for “Sihora Industries IPO” and click “Apply”.
Enter your UPI ID.
Enter the quantity and price, then click the undertaking box.
Select the “Submit” button.
Accept the mandate on the UPI app.
Sihora Industries IPO is opening on October 10, 2025, and closing on October 14, 2025.
A retail investor’s minimum and maximum investment for Sihora Industries IPO is two lots, that is 4,000 shares. With a price band of ₹66, this brings their minimum and maximum investment to ₹2,64,000.
Investors can apply for the Sihora Industries IPO using ASBA, with UPI as a payment option.
The Sihora Industries IPO allotment date is scheduled on October 15, 2025.
The Sihora Industries IPO shares listing date is on October 17, 2025, on the BSE SME.
