Sheela Foam Makes Blockbuster Debut, Surges 40% On Listing

Shares of mattresses manufacturer Sheela Foams made a blockbuster debut on exchanges on Friday. Its shares surged as much as 41.36 per cent to an intraday high of Rs 1,032 compared to its issue price of Rs 730. The initial public offer (IPO) of Sheela Foam, which manufactures "Sleepwell" brand of mattresses, was subscribed over 5 times on the back of strong interest from the qualified institutional buyers (QIBs) segment, which was s...