New Delhi, Jul 31 () Sheela Foam, maker of Sleepwell mattresses, has filed draft papers with markets regulator Sebi to raise Rs 510 crore through an initial public offering. Sheela Foam is looking at valuation of USD 400-500 million and the company will dilute 15 per cent stake in the offer for sale. The company has filed draft red herring prospectus (DRHP) with Sebi for its Rs 510-crore offer for sale. At a face value of Rs 5, an unspecified number of shares will be sold to public at a price band to be decided later. The firm with an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 200 crore would not receive any proceeds from the initial public offer (IPO). Edelweiss Financial Services, ICICI Securities and IIFL will be the book running lead managers to the issue. The company, which has 12 manufacturing facilities, developed a pan-India distribution network consisting of over 100 exclusive distributors, more than 2,000 exclusive retail dealers and over 2,500 multi-brand outlets.
The firm exports its products to 25 countries. Apart from its flagship brand Sleepwell, Sheela Foam also manufactures foam-based home comfort products like mattresses, furniture-cushioning, pillows, cushions, sofa-cum-beds. According to Crisil, Sleepwell branded mattresses constituted a share of around 20-23 per cent of the organised Indian mattress market during 2015-16. Over the past few months, IPOs from companies with a consumer focus have been a huge success with even retail investors showing great interest. Public issues of Dr Lal Path Labs, Narayana Hrudayalaya, Thyrocare Technologies, Ujjivan Financial Services, InterGlobe Aviation - IndiGo's parent, Parag Foods, Mahanagar Gas and Coffee Day Enterprises, which runs Cafe Coffee Day outlets, have attracted considerable investor interest. "Investors seem to have realised that B2C companies dealing with consumer products or services are worth investing in because they play a major role in Indian consumption story which the world is buying," a market analyst said.
"What is even more heartening is the fact that the retail investor has returned to the primary market, at least as far as the consumer brands are concerned," he added. 4.5 - 5.4 Inches 5.5 - 6.4 Inches 7.5 - 8.4 Inches 9.5 - 10.4 Inches 3 to 4 years 5 to 6 years 7 to 10 years Buy Peps Mattresses Online at Snapdeal Sleep is one of the most vital parts of living, no matter what your occupation. You need a good sleep to unwind, let your brain sort things out and organize your thoughts, commit things to memory and keep your reflexes sharp. Sleep also keeps your emotions under control and helps you think better. This is why Snapdeal offers a full range of mattresses to ensure you get a sound sleep. Peps mattresses provide different ranges and sizes of mattresses, all of which are designed to provide you solace and comfort after a hard day of work. The Full Option Range of Peps Mattresses Peps has successfully established its brand name in the area of mattresses.
Peps produces and designs mattresses which cover the field, from budget to luxury. Yet each one will help you sink comfortably into slumber. From coir to spring to memory foam, or ordinary foam mattresses, Peps will let you experience sleep at its best. You can choose the size too, according to your requirement. A twin mattress is smaller, while a queen size will fall between the twin size and the king size, which is the biggest size available. One of the most popular sizes, however, is the full-size mattress, which is also known as the double mattress. The thickness generally varies from five inches to more than ten inches, assuring you of full back support, resilience and bounce. Various Types of Peps Mattress The Peps home furnishing range offers you multiple options for a beautiful bedroom. The spring coil mattress from Peps has HTP filling with tiny springs, which is responsible for its incredible bounce. This comes with a five year warranty, and has a polythene mattress cover. Again, you can get rid of those creaks and rubs with the restonic mattresses from Peps, which carries an internal insulator.
Orthopedic mattresses are touted to be ideal for dealing with back pain. These provide awesome contour support, even if you have mild spinal deformities or joint problems. Foam mattresses are made from premium quality foam, which relieves all pressure on the pressure points in the body. The support it gives to the spine further adds to the comfort, giving you a wonderful sleep. Add a mattress protector from the range on Snapdeal, to give yourself a real deal and let your mattress last for many trouble-free years. There are quilted, waterproof and dustproof mattress covers and protectors according to your choice. Memory foam mattresses retain the impression of your bumps and humps and adjust to your special body shape. Let Peps Star in Your Bedroom Mattresses occupy a dominant position in our houses. Explore the varied options at Snapdeal and choose the best mattress you can afford to buy. It will give you comfort for a lifetime. Shop Mattresses by Type Coir Mattress | Memory Foam Mattress |
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