Sheela Foam

Sheela Foam stock price tanks 9% on weak Q1FY25 operational performance

The fall came after the company posted a weak set of operational performance in the June quarter of FY25 (Q1FY25).

Winro Commercial India sells Sheela Foam's shares worth Rs 93 crore

Winro Commercial India Ltd on Tuesday offloaded shares of Sheela Foam, the maker of popular mattress brand Sleepwell, for Rs 93 crore through an open market transaction. According to the block deal data available with the National Stock Exchange (NSE), Winro Commercial India sold more than 8.34 lakh shares at an average price of Rs 1,114 apiece. This took the deal value to Rs 92.97 crore. These shares were purchased by Blue Diamond Properties Pvt Ltd at the same price. Shares of Sheela Foam fell 0.49 per cent to close at Rs 1,136 per piece on the NSE. In July, Sheela Foam Ltd said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd (KEL) for Rs 2,150 crore.

Stocks to Watch on Sept 21: Infosys, Sheela Foam, SJVN, Cipla, DCB Bank

Stocks to Watch today, September 21, 2023: The government will sell up to 4.9 per cent stake in SJVN via offer for sale (OFS) on Thursday and Friday

Stocks to Watch on Aug 3: Titan, IndiGo, MMTC, Airtel, Adani Ent, Nykaa

Stocks to Watch today, August 3, 2023: Titan Co reported a lower-than-expected quarterly profit at Rs 770 crore

Sensex ends choppy day 205 pts up; Nifty below 19,750; IT index sole gainer

Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers

Sheela Foam surges 15% on acquisition of controlling stake in Kurlon

Sheela Foam has acquired a controlling stake of 94.66 per cent in Kurlon Enterprises, maker of Kurl-on mattresses, at an equity valuation of Rs 2,150 crore.

Sleepwell maker to buy majority stake in Kurlon for over Rs 2,150 cr

It will also buy 35 per cent stake in Furlenco

Sheela Foam to acquire 94.66% stake in Kurlon Enterprises for Rs 2,150 cr

Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, on Monday said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd for Rs 2,150 crore. The company also said it will acquire a 35 per cent stake in online furniture firm House of Kieraya Pvt Ltd for Rs 300 crore. The company's board at its meeting held on July 17, 2023, has approved the acquisition of Kurlon Enterprise Ltd and House of Kieraya Pvt Ltd, Sheela Foam said in a regulatory filing. "The company is acquiring 94.66 per cent of KEL's (Kurlon Enterprises Ltd ) share capital at an equity valuation of Rs 2,150 crore, subject to customary adjustments for net working capital, debt and surplus cash, if any," it said. KEL deals mainly in the manufacture and marketing of foam and coir-based home comfort products across the 'sit and sleep' categories like mattresses, furniture cushions, pillows and coverings. It was established in 1962 as Karnataka Coir Products, part of South India-based Pai family busine

Sheela Foam jumps 8% on report it may buy Kurlon Enterprise for Rs 3,250 cr

Buying out Kurlon Enterprise, which makes the Kurl-on brand of mattresses, will help Sheela Foam nearly double its market share, the report by Moneycontrol said

Sleepwell owner Sheela Foam to buy rival Kurlon Enterprise for Rs 3,250 cr

The deal will help Sheela Foam to nearly double its market share in the mattresses segment, said the report

Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.

Stocks to Watch: KFin Tech, SBI, Airtel, RIL, Sheela Foam, McLeod Russel

Stocks to Watch: KFin Technologies to debut on the bourses today. The stock is likely to list on a tepid note.

Sheela Foam to buy rival mattress maker Kurl-on for Rs 2,000 crore

The combined entity will have a market share of more than 50 per cent in India's organised mattress space

Sheela Foam to buy rival mattress maker Kurlon for $241 million: Report

Indian mattress maker Sheela Foam Ltd will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported on Wednesday, citing sources

Easing of global raw material prices to aid Sheela Foam's margins

The stock of Sleepwell mattress maker has gained 28 per cent over the last month

Sheela Foam pledges 1.5 crore for 10,000-bed quarantine centre in Delhi

On Sunday, coronavirus cases in Delhi reached 59,746

Sheela Foam hits 52-week high, up 12% as Q3 profit before tax jumps 52% YoY

Besides, it is 4.5 per cent away from its all-time high of Rs 1,850 touched on November 29, 2017

When small becomes big

Sheela Foam, the mattress market leader, is expanding its portfolio and reach

Sheela Foam makes a strong debut; soars 40% over issue price in intra-day

The stock hit intra-day high of Rs 1,019, up nearly 40% against its issue price of Rs 730 per share on the BSE

Sheela Foam IPO subscribed only 6% on Day 2; issue closes today

A Motilal Oswal report held the IPO as fairly priced with its share at the upper price band of Rs 730 being available at 34x of its PE earnings