Matangi Rubber Ltd. IPO Details
Matangi Rubber was incorporated on June 23, 2004. The company is engaged in the manufacturing of tyres, tyre flaps, tubes, and rubber compounds, catering primarily to the 2W and 3W segments as well as commercial vehicle applications such as trucks and buses. It operates five manufacturing plants located across Uttarakhand, Madhya Pradesh, and Tamil Nadu
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 7.3 M | - | - | ₹0 | DRHP DOC |
Matangi Rubber issue details
Matangi Rubber has 7.3 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Matangi Rubber 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 |
Matangi Rubber NUMBER OF SHARES ON OFFER
Matangi Rubber 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 |
| 9MFY26 | 86.6 | 16.8 | 2.7 | -20.2 | 27.43% |
| FY25 | 101.3 | 20.0 | 18.4 | -17.3 | 30.49% |
| FY24 | 90.1 | 4.8 | 2.0 | -39.0 | 11.52% |
| FY23 | 86.3 | 2.7 | 19.1 | 11.5 | 9.06% |
Matangi Rubber INFORMATION ON IPO ISSUE
About Matangi Rubber
Matangi Rubber was incorporated on June 23, 2004. The company is engaged in the manufacturing of tyres, tyre flaps, tubes, and rubber compounds, catering primarily to the 2W and 3W segments as well as commercial vehicle applications such as trucks and buses. It operates five manufacturing plants located across Uttarakhand, Madhya Pradesh, and Tamil Nadu
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding loans availed by the company
- Funding capital expenditure requirements for setting up green field manufacturing facility for rubber recycling products
- Funding capital expenditure requirements for setting up green field manufacturing facility for production of solid tyres
- General corporate purposes
Matangi Rubber - PROMOTERS
| Name |
|---|
| Mohit Gupta |
| Radhika Gupta |
| Manju Gupta |
| Vandana Rubber and Chemicals Private Limited |
Matangi Rubber - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Mohit Gupta | Chairman & Managing Director |
| Radhika Gupta | Joint Managing Director |
| Manju Gupta | Executive Director |
| Sanjeev Bhatia | Independent Director |
| Ajit Kumar Upadhyay | Independent Director |
| Sunil Kumar Singh | Independent Director |
Matangi Rubber Book Running Lead Manager
Sarthi Capital Advisors Private Limited
ipo@sarthiwm.in
Matangi Rubber Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Matangi Rubber Strengths
Manufacturing efficiency
The company’s competitive strengths include operational efficiency, strong quality control, and timely delivery capabilities, which have helped build long-standing industry relationships and drive business growth. With over 20 years of manufacturing experience, it operates as a contract manufacturer and job worker supplying tyres, tyre flaps, and tubes to customers including JK Tyre
Client relationship
The company maintains a strong long-standing relationship with its primary customer, JK Tyre, for the supply of flaps and tubes. This relationship is built on trust, reliability, and consistent performance, supporting repeat business and ongoing growth opportunities
Matangi Rubber Risks
Fire & accident risk
The company’s operations involve handling combustible rubber, exposing it to fire and accident risks across procurement, processing, storage, and transportation stages. Although it has insurance coverage, any fire incident may still result in property damage, operational disruption, and financial loss, with coverage potentially being insufficient to fully compensate the losses
Competition
The company operates in a highly competitive industry where pricing pressure, new entrants, and stronger competitors may impact its market position. Failure to compete effectively on quality, service, and pricing could lead to loss of customers, reduced market share, lower margins, and adverse effects on financial performance
Counterparty credit risk
The company is exposed to counterparty credit risk arising from trade and other receivables, which may lead to delays or non-receipt of payments from customers. Any such delays or defaults could result in higher provisions or write-offs, adversely affecting cash flows, financial condition, and overall results of operations
IPO FAQs
The promoters of the company are Mohit Gupta, Radhika Gupta, Manju Gupta and Vandana Rubber and Chemicals Private Limited.
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%.