Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Duroflex Ltd. on February 12, 2026. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Duroflex Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹183.60 crores and an offer for sale (OFS) of upto 2.26 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Duroflex IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹184 Cr) |
| Offer for Sale | 2,25,64,569 shares of ₹1 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 9,56,12,576 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Oct 15, 2025 |
| SEBI/Exchange approval received | Thu, Feb 12, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1981, Duroflex Limited is engaged in providing sleep and comfort solutions in India through a diversified omni-channel distribution network. The company’s business traces its legacy back to 1963 through its predecessor entity.
Duroflex manufactures a wide range of products including foam, mattresses, sofas, recliners, beds, pillows, accessories, and furnishings. The company operates seven technology-enabled and vertically integrated manufacturing facilities across India, with in-house foam production capability — the primary raw material for its mattresses and sofas.
Its products are marketed under the brands Duroflex, Sleepyhead, and Perfect Rest, catering to retail, institutional (hospitals, hospitality, education, and government sectors), OEM (white-label mattresses for national and international brands), and branded foam segments.
As of June 30, 2025, Duroflex’s distribution network includes 73 COCO stores, 375 distributors, and 5,576 general trade stores, along with a strong presence on major e-commerce platforms. The company also operates 19 warehouses (one mother warehouse and 18 regional depots) to ensure efficient product availability across India.
As of June 30, 2025, Duroflex employed 797 permanent employees.
Duroflex Ltd.'s revenue increased by 4% and profit after tax (PAT) rose by 321% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 779.36 | 752.07 | 604.23 | 737.29 |
| Total Income | 296.95 | 1,152.95 | 1,106.40 | 1,070.27 |
| Profit After Tax | 5.64 | 47.16 | 11.20 | -15.47 |
| EBITDA | 21.17 | 97.98 | 62.74 | 56.85 |
| NET Worth | 403.22 | 398.88 | 349.11 | 336.27 |
| Reserves and Surplus | 389.42 | 389.57 | 339.79 | 331.19 |
| Total Borrowing | 7.64 | 9.80 | 23.22 | 154.10 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to be incurred for setting up of new COCO Stores (“New COCO Stores”); | 50.44 |
| 2 | Expenditure for lease, sub-lease rent and license fee payments for our existing COCO Stores and Manufacturing Facility – VII; | 42.13 |
| 3 | Marketing and advertisement expenses towards enhancing the awareness and visibility of our brand; and | 45.19 |
| 4 | General corporate purposes. |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 12.72% |
| ROCE | 14.90% |
| RoNW | 11.82% |
| PAT Margin | 4.16% |
| EBITDA Margin | 8.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 66.10% |
Lead Manager Reports
Duroflex IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Duroflex IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Duroflex IPO using UPI as a payment gateway. Zerodha customers can apply in Duroflex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Duroflex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Duroflex IPO dates are not announced. Please check back again after some time.
Duroflex IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Duroflex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Duroflex IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Duroflex IPO allotment status.
The Duroflex IPO listing date is not yet announced. The tentative date of listing is .
