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Duroflex gets SEBI’s nod for IPO

17 Feb 2026 Evaluate

Duroflex has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through 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. 

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. To assist the public offering, JM Financial and Motilal Oswal Investment Advisors have been appointed as book-running lead managers to the issue. 

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.


Peers
Company Name CMP
Hindustan Unilever 2287.90
Godrej Consumer Prod 1042.50
Dabur India 487.60
Colgate Palmol. (I) 2196.75
P&G Hygiene 9930.50
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