Duroflex Ltd. IPO Details
Duroflex was incorporated on November 9, 1981. The company is a leading provider of sleep and comfort solutions in India with over 60 years of legacy and an omni-channel presence. It ranks among the top three mattress companies in India (8% market share in FY25) with seven fully integrated manufacturing facilities nationwide
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 22.6 M | - | - | ₹1,836.0 M | DRHP DOC |
Duroflex issue details
Duroflex has 22.6 M shares on offer
Duroflex IPO issue size is ₹ 1,836.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Duroflex IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Duroflex NUMBER OF SHARES ON OFFER
Duroflex FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| Q1FY26 | 292.5 | 5.6 | 19.4 | 2.5 | 7.2% |
| FY25 | 1,134.3 | 47.2 | 108.2 | 95.0 | 8.6% |
| FY24 | 1,095.3 | 11.2 | 47.2 | 33.7 | 5.7% |
| FY23 | 1,057.5 | -15.5 | 70.4 | 34.4 | 5.4% |
Duroflex INFORMATION ON IPO ISSUE
About Duroflex
Duroflex was incorporated on November 9, 1981. The company is a leading provider of sleep and comfort solutions in India with over 60 years of legacy and an omni-channel presence. It ranks among the top three mattress companies in India (8% market share in FY25) with seven fully integrated manufacturing facilities nationwide
Object of the Issue
- Capital expenditure to be incurred for setting up new COCO stores
- Expenditure for lease, sub-lease rent and license fee payments for their existing COCO stores and manufacturing facility
- Marketing and advertising expenses towards enhancing the awareness and visibility of the brand
- General corporate purposes
Duroflex - PROMOTERS
| Name |
|---|
| Jacob Joseph George |
| Mathew Chandy |
| Mathew George |
| Mathew Antony Joseph |
Duroflex - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jacob Joseph George | Chairman & Managing Director |
| Mathew Chandy | Whole-time Director |
| Mathew George | Whole-time Director |
| Mathew Antony Joseph | Whole-time Director |
| Pawan Agrawal | Independent Director |
| Amita Maheshwari | Independent Director |
| Shreyans Daga | Independent Director |
| Anusha Mahalingam | Independent Director |
Duroflex Book Running Lead Manager
JM Financial Limited
duroflex.ipo@jmfl.com
Motilal Oswal Investment Advisors Limited
duroflex.ipo@motilaloswal.com
Duroflex Registrar to the Offer
KFin Technologies Limited
duroflex.ipo@kfintech.com
Duroflex Strengths
House of brands model
The company follows a ‘house of brands’ strategy, with each brand catering to distinct customer needs. This enables it to serve a wide range of segments and price points in the sleep and comfort solutions market
Comprehensive product portfolio
The company offers a wide range of mattresses and related products, positioning itself as a one-stop shop for sleep and comfort needs. It leverages brand equity to expand into furniture and accessories, aiming to boost customer lifetime value
R&D capabilities
The company has strong R&D-driven product design capabilities, enhancing offerings based on customer feedback. Its six-step development process from concept to commercial launch is supported by a 17-member in-house R&D team as of June 30, 2025
Duroflex Risks
Risks related to techinical issues
The company faces risks in its e-commerce channels, including technical issues, platform disruptions, and shifts in customer behavior. Server downtime, software bugs, cyber-attacks, or loss of in-house team members could reduce sales, harm customer trust, and impact online revenue
Competition
The home and furnishings industry in India is competitive, fragmented, and largely unorganised, posing challenges to scalability and profitability. Intense competition, supply chain disruptions, and unbranded players with lower costs may limit the company’s ability to compete effectively and impact its financial performance
Demand
The company’s performance depends on its ability to develop and launch products that meet changing market trends and customer preferences. Failure to innovate or misjudge demand could reduce sales, limit market acceptance, and negatively impact financial results
IPO FAQs
The promoters of the company are Jacob Joseph George, Mathew Chandy, Mathew George and Mathew Antony Joseph.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.