Duroflex IPO: An Analysis
Duroflex, a company that makes mattresses and other sleep products, is planning to sell shares to the public for the first time. This is called an Initial Public Offering (IPO). The company wants to raise money to grow its business. Investors will be able to buy shares in Duroflex.
Key Points
- Duroflex is offering shares to raise ₹183 crore.
- Most shares will go to big investors (QIBs).
- The money will expand stores and brand awareness.
- Duroflex is a leading mattress company in India.
- Revenue grew by 3.56% in the last fiscal year.
- The company has a large network of stores and factories.
The IPO includes both a new sale of shares (₹183 crore) and shares already owned by investors being sold (Offer for Sale – OFS) up to 22.56 million shares. These shares are being sold through a process called “book-building,” where investors place orders for how many shares they want.
Investors who want to buy shares will be split into groups: Big investors (called Qualified Institutional Buyers or QIBs) will get 75% of the shares. Medium investors (Non-Institutional Investors or NIIs) will get 15%, and smaller investors (Retail Investors) will get 10%. This ensures a diverse range of shareholders.
Duroflex plans to use the money raised for specific things. The biggest part (around 60%) will go towards building 120 new stores called “COCO Stores.” A smaller amount will be used for renting space in existing stores and factories, and for marketing the brand.
About Duroflex: Duroflex started in 1963 and is one of the top three mattress companies in India. They sell mattresses, foam, furniture, pillows, and bedding products under brands like Duroflex, Sleepyhead, and Perfect Rest. As of June 30, 2025, they have 74 of their own stores, sell products in over 7,500 other stores, and use the internet to reach customers across India.
Financial Performance: In the year ending March 31, 2025 (FY25), Duroflex made ₹1,134.25 crore in sales – that’s a 3.56% increase compared to the previous year. Their profits also rose significantly, by 56.17% to ₹97.97 crore, and their net profit went up to ₹47.16 crore.
“This IPO represents a significant step in Duroflex’s journey to become the preferred sleep solutions provider in India.”
