Mattress Maker Duroflex Files Papers With SEBI To Raise Funds Through IPO Comprising Fresh Issue Of Shares Worth ₹183.6 Crore

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.

Read Also

SEBI Bars Eight Entities From Securities Markets, Cites Illegal Gains Of ₹173.14 Crore In Indian...

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.

Read Also

SEBI Chief Tuhin Kanta Pandey Urges Public Interest Directors To Uphold Governance Integrity At MIIs

Founded in 1963, Duroflex is among the top three mattress companies in India by market share, and operates across mattresses, foam, furniture, pillows, accessories, and other bedding products under brands such as Duroflex, Sleepyhead, and Perfect Rest.As of June 30, 2025, the company had 73 Company Owned Company Operated (COCO) stores, 5,576 general trade stores, and a strong digital presence.

FPJ Shorts

FPJ IMPACT: TMC Directs Thane's Upscale Township To Add More Feeding Zones And Constitute An Animal Welfare Committee To Bring End To Residents' Disputes

Bombay HC Says Herbal Hookah Permissible, Warns State Against Arbitrary Action

Bombay HC Quashes Arrest Of Former Vasai-Virar Municipal Chief Anilkumar Pawar, Calls ED Case 'Speculative'

Bombay HC To Form Panel For Removal And Rehabilitation Of Encroachers In Sanjay Gandhi National Park After Decades Of Delay

The revenue from operations grew from Rs 1,057 crore in FY2023 to Rs. 1,134 as on FY2025 and revnue from operations as of June 30, 2025 is Rs. 295 crore. According to a Technopak Report, the Indian mattress and comfort solutions market is witnessing robust growth, supported by urbanization, increasing disposable incomes, rising health awareness, and a shift towards branded offerings.To assist the public offering, JM Financial and Motilal Oswal Investment Advisors have been appointed as book-running lead managers to the issue.

Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.