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Why You Should Not Go To Sleepwell Mattress Mumbai

Why You Should Not Go To Sleepwell Mattress Mumbai

Sheela Foam, maker of Sleepwell mattresses, has filed abstract affidavit with markets regulator Sebi to accession Rs 510 crore through an antecedent accessible offering.

Sheela Foam is attractive at appraisal of USD 400-500 actor and the aggregation will adulterate 15 percent pale in the action for sale.

The aggregation has filed abstract red herring announcement (DRHP) with Sebi for its Rs 510-crore action for sale.

At a face amount of Rs 5, an bearding cardinal of shares will be awash to accessible at a amount bandage to be absitively later.

The close with an EBITDA (earnings afore interest, tax, abrasion and amortization) of Rs 200 crore would not accept any gain from the antecedent accessible action (IPO).

Edelweiss Financial Services, ICICI Securities and IIFL will be the book active advance managers to the issue.

The company, which has 12 accomplishment facilities, developed a pan-India administration arrangement consisting of over 100 absolute distributors, added than

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