The initial public offering of Sheela Foam Ltd, which makes mattresses under the Sleepwell brand, sailed through on the final day of the offering thanks to strong interest from institutional and affluent individual investors. The issue was subscribed a little more than five times at close, stock-exchange data showed on Thursday. The portion reserved for institutional investors was covered 14.5 times while the quota for non-institutional investors was subscribed almost three-and-a-half times. Retail investors’ quota, however, was covered only 44%. The issue was covered just 1% at the end of day one and 6% at the end of day two. Sheela Foam joins a long list of companies such as PNB Housing Finance Ltd, RBL Bank Ltd, Quess Corp, Advanced Enzyme Technologies Ltd, Thyrocare Technologies Ltd and TeamLease Services Ltd that have seen strong demand for their IPOs this year. RBL Bank’s IPO was covered almost 70 times while that of Quess Corp was covered 144 times. The robust response to these IPOs comes after market volatility in the first half of this year had forced several firms to skip their planned share sales.
However, a subsequent rebound in the secondary markets offered hope to companies looking to float IPOs. Sheela Foam’s IPO would also give hope to other companies such as drugmaker Laurus Labs Ltd that are in the queue to float public offerings because it comes in the middle of the government’s demonetisation drive, which banned Rs 500 and Rs 1,000 banknotes to combat graft, forgery and tax evasion but led to a severe cash crunch in the economy. The poor show in the first two days was worrisome for Sheela Foam and its bankers because last week another IPO was scrapped after it failed to find institutional investors despite reducing the offer size and extending the issue period. The IPO of GreenSignal Bio Pharma Ltd was the first after the government kicked off the demonetisation drive. Sheela Foam is seeking a valuation of as much as Rs 3,561.14 crore (roughly $520 million) through the IPO. It had raised Rs 153 crore ($22 million) from anchor investors on Monday. The issue entirely comprises an offer for sale by one of the promoter companies, Polyflex Marketing Pvt Ltd, and the firm will not get any money from the IPO.
The overall issue is worth Rs 510 crore ($77 million). After the issue, the promoter Gautam family is likely to retain around 86% stake in the company. Sheela Foam filed its IPO proposal with the Securities and Exchange Board of India in July. The company received regulatory clearance for the proposed IPO on 2 November. In the grey market, Sheela Foam's shares continued to quote a discount to its price band of Rs 680-730 apiece, said two dealers on the condition of anonymity. One dealer maintained that retail investors kept funds reserved for Laurus Labs’s IPO, which opens on 6 December. Edelweiss Financial Services Ltd and ICICI Securities Ltd are the merchant bankers for the IPO.Sign up for our daily newsletter to get our top reports. We purchased a mattress last month. The whole process was a great experience. We were treated with respect in the showroom. The staff assisted us in selecting a fabulous mattress.Delivery and installation were on time and we have been most happy with the new mattress.
We definitely would recommend you to people looking for new mattresses. Recently visited a Sleepwell showroom to purchase a Mattress. The staff was very courteous and helped us in choosing the right product according to our requirements as well. Right from purchase to delivering the product to laying down the mattress, the whole process was very smooth. The product is also exceeds expectations, it's very nice! Overall, more than satisfied! On behalf of my company I want to extend my sincerest gratitude for your dedication, insight and unwavering focus and commitment to my company. It is refreshing to have a company that is creative, highly responsive and sincerely cares about the client and their success. the product made by Sheela form is very good. The quality, delivery and services are superb. Keep up the great work. Get 5% instant discount + 10X rewards using Snapdeal HDFC Bank Credit Card Get 5X Reward Points Using HDFC Bank Credit Cards
Kurlon Ortho Coir Mattress Mattresses & Bedding Dealers in Ghaziabad 80+ Mattresses & Bedding Dealers in GhaziabadSetting up your new home? Explore our Modular furniture - Wardrobes> | Club Class Grande Mattress Club Class Natura Mattress Club Class Petals Mattress Dry Cool Alice Mattress A Glimpse of Relationships is added to your shopping cart. is added to your wish list. Continue ShoppingGo To CartGo To Wishlist Write a Review on Sleepwell Mattress Click here to provide a company description for , {{companyBasicDetails.statusInfo.status}} of {{companyBasicDetails.statusInfo.parent_name}} >of {{companyBasicDetails.statusInfo.parent_name}} > Thanks for your contribution! Recalculating The Competitive Graph now... Add a new competitor: Compare against the competition > KNOW HOW MANY PEOPLE WORK AT Where in the world is {{companyBasicDetails.shortName}}? appears in this list : {{companyBasicDetails.shortName}}
appears in these lists : Visit the {{companyBasicDetails.shortName}} website to learn more. Your team is already using Owler. Innovative technology, meticulous market research, thoughtful sleep insights, the finest materials & the widest range of options all that and more, so that you can live the #pepslife every single day. This world class sleep accessory is a product of finest quality, care and craftsmanship. Each pillow is designed specially for the neck, back and shoulders. Featherlight Fitted Sheets to waterproof Protectors, comforters to ultrasoft Bed Linens, the Komffy range comprises of everything you need for a good night’s sleep. FREE SHIPPING IN INDIA How HR foam is different from normal foam as there is big price variation for mattress with normal foam and HR foam. HR foam is a special type of foam which has High Resilience in foam and give much better comfort then the regular foam. Also this is very special foam which is 100% breathable and give the comfortable sleep throught the year.
both club petal collection and dx platinum seem to be the same configuration, what is the difference between the two? Dear Mr Navdeep the basic structure is same its just the quality of fabric and comfort layers are different in both. Petals have much more comfor layers and high gsm fabric then DX platinum. Indulge in the Springfit DX Platinum mattress, which brings together ergonomic pocketed springs, the best quality material, superior craftsmanship and the latest technology. At the heart of this mattress are the delicately cuddled pocket springs, which provide an altogether different level of comfort. Add to this premium quality filling and superior ultra-soft upholstery and you get luxury, comfort and the most restful sleep ever. With the 100% pure, intelligent HR PUF andthe inside ZIP, this foam becomes highly resilient and its soft dispersion qualities eliminates the creation of any kind of pressure points. Springfit proudly introduce carbon-manganese alloy pocketed spring mattresses in India for the first time.
These alloy springs are double tempered to give better elasticity and the extra strength of carbon. They also exhibit the rust and corrosion-resistant properties of manganese. The layer that is in touch with your skin plays a very important role. The quilted cover comes right over the top layer of foam, and its fabric keeps the mattress soft and also helps in keeping away bacteria, fungus etc. The jaquard fabric used to cover the top layer of the mattress is breathable and soothing to our skin. India's only mattress dedicated to ensuring stress free sleep, you will find that our relationship does not end with the sale of mattress, instead it is just the beginning of a wonderful relationship with you. Our warranty is another gesture in ensuring a stress free relationship with your mattress selection. The company with the standards of I.S.O. 9001- 2000 Certification believe making your sleep totally comfortable, the way you dream it to be. All our mattresses undergo thorough a multi satge quality check.
Our experts with more than 40 years of experience have created #worldcollection with the perfect balance of beauty and innovation. Right Way to Use your mattress Rotate the mattress by changing the head and tail position. Change the sides every 3 months to enhance comfort and life of the mattress Always keep your mattress clean, Covered and dust free In case children use this mattress, we recommend you to use the springfit protector cover Use a bed of matching size for your valuable mattress. An over sized or under sized bed might lead to mattress damage and sagging. We do not take any guarantee / warranty if the size of the bed is improper While shifting your mattress location, carry it flat on its side in order to avoid mishandling which may lead to damages Give your mattress a little time to 'air' after removal from its enclosed packaging Do not fold or bend your mattress in any condition as it may get damaged. Do not expose your mattress to any kind of heat, direct sun or flames.
The mattress is not fire or flame resistant and can catch fire Do not place any heavy objects on the mattress and do not ever jump or stand on it as the springs might lead to compression and get damaged Do not use any detergent powder or any dry cleaning fluid to remove stains. Use dry cloth first and then dampened cloth to remove stains Do not drop any water and other liquids on the mattress Do not use handles for carrying / lifting the mattress, as they are meant only to position the mattress on bed base Ensure your mattress is flat, only then push the opposite corners Now place it gently towards the head of the bed Position your mattress in such a way that it overlaps the sides of the bed Push 'C' and 'D' corners in anti clockwise position as shown, to position it properly Lift the mattress vertically as shown Turn the mattress every three months as shown above for a long and stress free experience The Guarantee / Warranty is subject to following conditions
Duly filled warranty card and relevant Cash Memo must be produced along with the defective mattress The Company will bear only the costs resulting from repair or replacement of defective springs. Transportation costs will not be borne by the company Excluded from the Warranty are losses resulting from natural wear & tear, improper maintenance, wrong handling, excessive loading, negligence in use, folding of mattress and unsatisfactory foundation Warranty doesn't cover fabric and natural wear & tear of comfort layers after guarantee period. Comfort layers can be changed at the cost of buyer during warranty period The company will not be liable for any consequential damages, and under no circumstances shall its liability here under exceed the price for goods determined to be defective Decision of the company regarding the nature of defects and applicability of Warranty / Guarantee will be final. Claims, if any, will be restricted to Courts within the New Delhi jurisdiction only
Specification vary from model to model. Tolerance : Length or Width : 12mm; Thickness : +15mm - 5mm In the unlikely event of your mattress sagging, the warranty benefit will be given a mentioned in the above table, e.g. If defect appears after 6 years of use, pro- rata money back warranty is applicable for balance 4 years. It means that the Pro-rata value available to a customer on that say mattress worth Rs12820 with warranty of 9 years would be Rs 12820 x 4/10 = `. 5128. So on replacement of old mattress under warranty claim of current worth Rs 12820 you will pay. 12820 - 5128 = 7692* Pro-rata will be calculated on the prevailing price at the time of warranty claim Springfit Mattress #world collection are guaranteed for one year from the date of purchase against any material workmanship defects. Warranty on stands upto 25 years for springs and internal units for its mattresses. The warranty period for our range is as follows: Krono Blue Black Ortho 229/280 229/280 229/280 229/280