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Duroflex eyes Rs184-cr via fresh issue

Duroflex eyes Rs184-cr via fresh issue

Duroflex eyes Rs184-cr via fresh issue
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17 Oct 2025 8:40 AM IST

New Delhi: Mattress maker Duroflex has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO) comprising a fresh issue of shares worth Rs 183.6 crore.

Apart from the fresh issue, there is an offer-for-sale (OFS) of over 2.25 crore equity shares by promoters and existing investors, according to the draft red herring prospectus (DRHP) filed on Wednesday.

As part of the OFS, Jacob Joseph George, Mathew Chandy, Mathew George, and Mathew Antony Joseph will offload a portion of their shareholding. In addition, the OFS will see participation from Lighthouse India Fund III Ltd and Lighthouse India III Employee Trust.

The company plans to utilize the proceeds from the fresh issue towards setting up 120 new company-owned company-operated (COCO) stores, meeting lease, sub-lease rent, and license fee obligations for existing COCO stores and the manufacturing facility, funding marketing and advertising initiatives to enhance brand visibility, and for general corporate purposes.

The filing comes at a time when the primary market is experiencing strong interest from both issuers and investors across various sectors.

So far this year, 81 companies have been listed on the bourses, with close to three dozen firms making their debut in September and October.

Duroflex IPO initial public offering fresh issue offer-for-sale mattress company 
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