The Largest Rebonded PU Foam Player & Exporter from India, Sarva Foam Industries Limited Files DRHP for IPO
October 01, 2026: Bhopal-based Sarva Foam Industries Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of ₹ 5, is a fresh issue for up to 5,400,000 equity shares and an offer-for-sale for up to 1,350,000 by promoter, Mr. Kunal Giani. The company, in consultation with the book-running lead manager, may consider a Pre-IPO Placement prior to filing of the Red Herring Prospectus with the RoC. If the pre-IPO placement is completed, the amount raised pursuant will be reduced from the Fresh Issue. The proceeds from its fresh issuance worth ₹ 900.00 million will be utilised for funding capital expenditure requirement of the Company for setting up of a new manufacturing facility of Rebonded Polyurethane foam products (“Proposed Project”). ₹ 300.00 million will be utilized towards repayment and/or pre-payment, in part or full, of certain bor...