Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Matangi Rubber Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.37 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.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 Matangi Rubber IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,09,600 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 37,09,600 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,02,88,827 shares |
| Share Holding Post Issue | 1,39,98,427 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 22, 2025 |
| SEBI/Exchange approval received | Thu, Dec 18, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Matangi Rubber is engaged in manufacturing tyre flaps, tubes, and rubber compounds. Tyre flaps and tubes are mainly used in trucks, buses, and heavy commercial vehicles, while rubber compounds are used to make other rubber products.
Business Model:
Contract Manufacturing: It produce tyre flaps for clients using our own raw materials and facilities. The products are customized with the client’s logo and supplied to them.
Job Work Services: The company also convert raw materials provided by clients into tyre flaps or tubes at our plants. For this service, we charge conversion fees as per agreed terms.
Other Activities: Occasionally, it trade rubber materials and provide support services to our key customer, JK Tyre & Industries Limited.
Manufacturing facilities: The company operates five manufacturing plants – two in Selaqui (Dehradun, Uttarakhand), two in Bhind (Gwalior, Madhya Pradesh), and one in Gummidipoondi (Chennai, Tamil Nadu). 4 are fully operational and 1 with ongoing trial runs.
Competitive Strengths
| Period Ended | 31 Mar 2025 |
|---|---|
| Assets | 211.07 |
| Total Income | 104.76 |
| Profit After Tax | 18.98 |
| EBITDA | 28.54 |
| NET Worth | 92.53 |
| Reserves and Surplus | 89.10 |
| Total Borrowing | 91.86 |
| Amount in ₹ Crore | |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding loans availed by our Company | 25.00 |
| 2 | Funding Capital Expenditure requirements for setting up green field manufacturing facility for Rubber Recycling Products (Bhind, Madhya Pradesh) | 19.00 |
| 3 | Funding Capital Expenditure requirements for setting up green field manufacturing facility for production of Solid Tyres (Bhind, Madhya Pradesh); and | 7.00 |
| 4 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 20.51% |
| ROCE | 15.63% |
| RoNW | 20.17% |
| PAT Margin | 18.12% |
| EBITDA Margin | 28.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.09% | 66.21% |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | |
| Assets | 127.43 | 77.04 | |
| Total Income | 91.27 | 86.45 | |
| Profit After Tax | 4.76 | 3.20 | |
| EBITDA | 10.15 | 7.98 | |
| NET Worth | 46.18 | 33.03 | |
| Reserves and Surplus | 43.46 | 30.83 | |
| Total Borrowing | 62.94 | 30.46 | |
| Amount in ₹ Crore | |||
Lead Manager Reports
Matangi Rubber IPO is a SME IPO of 37,09,600 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Matangi Rubber IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Matangi Rubber IPO using UPI as a payment gateway. Zerodha customers can apply in Matangi Rubber IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Matangi Rubber IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Matangi Rubber IPO dates are not announced. Please check back again after some time.
Matangi Rubber IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Matangi Rubber 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 Matangi Rubber IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Matangi Rubber IPO allotment status.
The Matangi Rubber IPO listing date is not yet announced. The tentative date of listing is .
