Duroflex Limited IPO
Duroflex Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

Business Overview

Duroflex is a provider of sleep and comfort solutions in India, supported by a diversified omni-channel distribution network. The Company manufactures a broad portfolio of products including foam, mattresses, sofas, recliners, beds, pillows, accessories and other home furnishings. It operates technology-enabled and vertically integrated manufacturing facilities, with seven plants located across India, enabling in-house production of all its mattresses and foam products. Duroflex has adopted a ‘house of brands’ architecture within the sleep and comfort segment, with distinct brands catering to varied customer segments and price points. This strategy allows the Company to address the full spectrum of mattress consumers across the Indian market.

Duroflex IPO Size

Fresh Issue
₹184 Cr (TBA Shares)
Offer For Sale
Rs. TBA Cr (2.26 Cr Shares)

Objects of Issue

  1. Capital expenditure to be incurred by the Company for setting up of New COCO Stores
  2. Expenditure for lease, sub-lease rent & license fee payments for the existing COCO Stores & Manufacturing Facility – VII
  3. Marketing & advertisement expenses towards enhancing the awareness and visibility of the brand
  4. General corporate purposes

Duroflex IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Duroflex IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue 292.52 1,134.25 1,095.30 1,057.49
PAT 5.64 47.16 11.20 -15.47
Net Worth 403.22 398.88 349.11 336.27
Borrowings 7.64 9.80 23.22 154.10
Assets 779.36 752.07 604.23 737.29
NAV (₹) 42.12 41.67 36.41 35.17
EPS (₹) 0.59 4.93 1.17 -1.62

Key Performance Indicators (KPIs)

EBITDA

8.64%

PAT

4.16%

ROE

12.72%

ROCE

14.90%

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

66.10%

Public

33.90%

Jacob George 16.36%
Mathew Chandy 16.38%
Mathew George 15.85%
Mathew Joseph 17.51%

Management

Jacob George
Chairman & MD
Sridhar Balakrishnan
CEO
Rajat Rastogi
CFO

Registrar & Lead Managers

Company Details

Name: Duroflex Limited

Address: P. B. No. 3808, Chungom, Alappuzha, Ambalappuzha 688 011, Kerala, India

Number: +91 8904692541

Email: cs@duroflexworld.com

Website: www.duroflexworld.com

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