Duroflex Limited IPO 2025: Key Details, Company Background, and What Investors Should Know

The Duroflex Limited IPO has been creating buzz among investors, and for good reason. The well-known sleep solutions brand is stepping into the public market after over four decades of growth and innovation. If you’ve ever slept on a Duroflex mattress, you’re already familiar with the brand’s reputation for comfort and trust. Now, the company is inviting investors to be part of its next big chapter.

About Duroflex Limited

Duroflex began its journey in 1981 as Duroflex Coir Industries Private Limited in Kerala. Over the years, it evolved from a regional coir mattress maker into one of India’s leading sleep and comfort solution brands. Today, it manufactures a wide range of products—mattresses, pillows, furniture, and recliners—and even owns the youth-oriented brand Sleepyhead.

The company has built a strong nationwide presence through both online and offline channels, balancing traditional craftsmanship with modern retail strategy. It’s been recognized with multiple awards, including the NielsenIQ Product of the Year 2025 and India’s Most Trusted Comfort Solutions Brand at the Smart CX Summit.

Duroflex Limited IPO Details

According to the Draft Red Herring Prospectus (DRHP) dated October 15, 2025, filed with SEBI, the Duroflex Limited IPO will be a 100% Book Built Issue comprising a Fresh Issue and an Offer for Sale (OFS).

Offer Structure

• Type: 100% Book Built Offer
  
• Face Value: ₹1 per share
  
• Offer Includes:
  
  • Fresh Issue of equity shares
    
  • Offer for Sale (OFS) by existing shareholders
    

The IPO price band and issue size are yet to be finalized, but the company has indicated a Pre-IPO Placement of up to ₹367.20 million, which may reduce the size of the Fresh Issue.

Promoters and Selling Shareholders

Duroflex Limited is promoted by:

• Jacob Joseph George
  
• Mathew Chandy
  
• Mathew George
  
• Mathew Antony Joseph
  

Each of these promoters has been deeply involved in the company’s growth and operations. They are also participating in the Offer for Sale (OFS) along with institutional investor Lighthouse India Fund III Limited and its Employee Trust.

As per the DRHP:

• Lighthouse India Fund III Limited holds around 14.05% of the pre-offer equity.
  
• Promoters collectively own over 65% of the company.
  

Objects of the Offer

The company plans to utilize the net proceeds from the Fresh Issue for the following purposes:

• Expansion of manufacturing facilities
  
• Investment in marketing and brand visibility (₹451.88 million allocated)
  
• General corporate purposes
  
• Working capital requirements
  

This shows that Duroflex is looking to strengthen its core operations and deepen its market penetration, especially in the premium sleep solutions segment.

Company Financials and Performance

Financially, Duroflex stands out as one of the fastest-growing players in India’s sleep and comfort solutions sector.

• Revenue (FY2020 – FY2025 CAGR): 21.81%
  
• FY2025 Revenue: ₹11,342.5 million
  
• Peers: Sheela Foam (Sleepwell), Wakefit, The Sleep Company, and Peps Industries
  

Among these, Duroflex recorded the second-highest revenue and is the fastest-growing brand in its category. It’s worth noting that the company’s focus on omnichannel retail, strong digital branding through Sleepyhead, and customer trust have all contributed to this consistent performance.

Company Milestones

Here are some highlights from Duroflex’s four-decade journey:

• 1981: Incorporated in Kerala
  
• 1999: Started full-scale mattress production
  
• 2018: Launched and trademarked Sleepyhead
  
• 2020: Acquired Shivaarna Technofoams Pvt. Ltd.
  
• 2021: Received investment from Norwest Capital LLC
  
• 2025: Converted into a public limited company
  

The company’s transformation mirrors the broader growth of India’s organized home and lifestyle sector.

Listing and Lead Managers

The equity shares will be listed on both BSE and NSE after the IPO.
Book Running Lead Managers (BRLMs):

• JM Financial Limited
  

Duroflex has also appointed a Monitoring Agency to oversee the utilization of IPO proceeds, ensuring transparency and investor confidence.

Duroflex Limited IPO – Quick Facts

Why the Duroflex Limited IPO Matters

For many investors, the Duroflex Limited IPO isn’t just another listing—it’s a chance to invest in a household brand that has stood the test of time. The Indian mattress and comfort solutions market is growing rapidly, driven by health awareness, rising incomes, and e-commerce adoption. Duroflex’s strong brand equity, award-winning innovation, and well-diversified product portfolio give it a solid edge in this expanding space.

If you’re an investor looking for exposure in India’s consumer and lifestyle sector, this IPO is worth watching closely.

Final Thoughts

The Duroflex Limited IPO represents the company’s next big leap—from being a trusted family-run brand to a publicly listed growth enterprise. While investors should review the final prospectus and pricing details before making a decision, the fundamentals and brand strength make Duroflex an interesting candidate in India’s evolving consumer goods market.

As always, invest after careful research, but it’s safe to say—this IPO could be a “good night’s sleep” for long-term investors.