Sheela Foam Share Price

Sheela Foam

CMP as on 01-Jul-22 16:00

₹ 2,671.35
10.90 0.41%

Open

₹ 2,649.00

Turnover (lac)

₹ 82

Prev. Close

₹ 2,660.45

Day's Vol (shares)

₹ 3,071

Day's Range (₹)

₹ 2,612.00
₹ 2,679.00

CMP as on01-Jul-22 16:01

₹ 2,657.00
3.15 0.12%

Open

₹ 2,641.60

Turnover (lac)

₹ 2

Prev. Close

₹ 2,653.85

Day's Vol (shares)

₹ 64

Day's Range

₹ 2,613.45
₹ 2,660.00

Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand Sleepwell. Its share in the organised Mattress Market is more than 23%. In addition, it manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of polyurethane foam (PU Foam) for end use in a wide range of industries. The foam production continues to be more than double of its nearest competitor. As part of its international footprint, the company manufactures PU Foam in Australia through its wholly owned subsidiary, Joyce Foam Pty Ltd. Joyce Foam is the largest producer of Foam in Australia and supplies its high quality Foam to Global Mattresses and Furnishing Companies.The company was incorporated in June 18th, 1971, and over the last two decades, has developed Sleepwell as an overarching brand associated with comprehensive and quality home-comfort solutions. The company believes that the recall of its brand has been established by an extensive suite of products that range from baseline bedding and furniture cushioning material to ergonomically tailored offerings, an emphasis on quality control and focused brand building. In respect of technical foam manufacture business; the company believes that Sheela Foam is a recognised name associated with diverse and sophisticated grades of technical foam. The company has developed a pan-India distribution network that consists of over 110 exclusive distributors, over 2,750 exclusive retail dealers and over 3,500 multi-brand outlets.Sheela Foam currently owns and operates 11 manufacturing facilities in India. All of its facilities are utilized for manufacturing home comfort products, while five of these facilities also manufacture PU Foam. Three of its facilities located in Greater Noida, Talwada and Hyderabad are ISO: 9001 certified. The company is led by Ms. Sheela Gautam and Mr. Rahul Gautam who has been instrumental in the growth of its business from a small foam- producing unit to the position of a leading manufacturer of mattresses and technical PU Foam in India. The companys market position has been achieved by adherence to the vision of its Promoters and senior management team and their experience of over four decades in the home comfort and PU Foam industry.Sheela Foam Ltd was originally incorporated as a private limited company on June 18, 1971 at Delhi with the name Sheela Foam Private Limited. Sheela Foam commenced manufacture of PU Foam in 1972. The company became a deemed public limited company on July 1, 1989 and was restored to its status of private limited company with effect from November 30, 1990. The company was converted to a public limited company pursuant to a special resolution on April 30, 2016 and the name of the company was changed to Sheela Foam Limited on June 6, 2016. In order to reorganise its group structure to subsume similar and complementary business lines of its subsidiaries and associates within its business, the company has, on three instances, effected mergers of certain of its subsidiaries and associates with itself through schemes of amalgamation. In Fiscal Year 2003, three of its erstwhile wholly owned subsidiaries, namely Feather Foam Enterprises Private Limited, Soft Foam Industries Private Limited and Pallavi Foam Industries Private Limited, which were involved in similar lines of business of the company, merged with itself. Subsequently, in fiscal year 2011, Serta India Private Limited, a subsidiary company was merged with the company. Furthermore, in Fiscal Year 2013, five of its erstwhile subsidiaries, namely SNB Bedding International Private Limited, Starlite India Private Limited, RG Pillow (India) Private Limited, Kanpav Overseas Private Limited and Auora Foams Private Limited, merged with the company. Sheela Foams promoter Polyflex Marketing Pvt Ltd. offloaded shares worth Rs 510 crore by way of an initial public offer (IPO) during the period from 29 November 2016 to 1 December 2016. The IPO was priced at Rs 730 per share. The stock was listed on the bourses on 9 December 2016. The company introduced economy model mattress Starlite and Mid Level Mattress Feather Foam in July 2017 and February 2018 respectively. Post successful test marketing of the model in North India these models are being launched pan India. On the furniture side of the business, the company has tied up with carpenters & upholsters under Anmol Bandhan Scheme. This will help in selling Sleepwell and Feather Foam Furniture Foam.

  • Chairman & Managing Director

    Rahul Gautam
  • Whole-time Director

    Namita Gautam
  • Whole-time Director

    Tushaar Gautam
  • Independent Director

    Ravindra Dhariwal
  • Independent Director

    Som Mittal
  • Whole-time Director

    Rakesh Chahar
  • Independent Director

    Anil Tandon
  • Company Secretary

    Md Iquebal Ahmad
  • Independent Director

    Vijay Kumar Ahluwalia
  • Independent Director

    Meena Jagtiani

Registered Office

C-55 Preet Vihar,
,New Delhi,
Delhi-110092

REGISTRAR OFFICE

Noble Heights 1st Fl,
LSC Janakpuri,New Delhi - 110058
INDIA