Duroflex IPO: Issue date, Lot, Price, Everything You Need to Know

Duroflex Ltd, a leading mattress and comfort-solutions provider in India, has filed its draft red-herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking the first step toward launching its IPO.

Founded in 1963, Duroflex offers a broad portfolio which includes mattresses, foam, beds, sofas, pillows and other bedding accessories under popular brands such as Duroflex, Sleepyhead and Perfect Rest. The company has established a wide distribution network across India, including over 5,500 general-trade outlets, 70+ Company-Owned Company-Operated (COCO) stores, and a growing online presence.

The proposed Duroflex IPO comprises a fresh issue of equity shares aggregating up to ₹ 183 crore, along with an offer for sale (OFS) of up to 2.26 crore equity shares by promoters and certain investors. The earnings from the fresh issue are intended to fund expansion of Duroflex’s retail footprint, lease and license costs, marketing and brand-building activities, and other general corporate purposes.

This blog is a guide for the Duroflex IPO, covering Duroflex IPO date, valuation, subscription, Duroflex IPO subscription status, Duroflex IPO allotment status (as available), and the business and financial profile you need to know to evaluate the offering.

Duroflex IPO Dates & Launch Details

• IPO opening date: To be announced
• IPO closing date: To be announced
• Basis of allotment date: To be announced
• Refund initiation date: To be announced
• Expected listing date: To be announced

Duroflex Price Band & Investment Details

As of now, the following important IPO parameters remain undisclosed publicly:

• Price band: To be announced
• Minimum lot size: To be announced
• Minimum investment (for retail investors): To be announced
• Maximum retail investment limit: To be announced

Until the final prospectus or IPO notification is issued, these details will remain undefined.

Duroflex IPO Structure

Here is what is currently known about the structure of the Duroflex IPO:

Because the DRHP filing is recent, detailed public disclosures like price band, allotment schedule and lot size await finalisation.

About Duroflex

Duroflex is one of India’s leading mattress and comfort-solutions providers. Founded in 1963, the company offers a range of products such as mattresses, foam, furniture, pillows, bedding accessories, under well-known brands such as Sleepyhead, Duroflex, and Perfect Rest.

As of 30 June 2025, Duroflex has a broad retail and distribution footprint: Over 5,576 general-trade outlets, 73 company-Owned Company-Operated stores, and a strong digital presence across India.

The mattress and comfort products business, supported by foam manufacturing, in-house manufacturing facilities, and a wide set of SKUs (over 3,900 mattress SKUs, 2,400+ furniture/accessory SKUs), gives Duroflex a diversified product­mix that targets various consumer segments: luxury, premium, mass and economy. 

With the IPO, the company plans to fund expansion of its retail footprint, expand manufacturing capacity, increase brand visibility through marketing, and strengthen its overall operations and distribution network.

Duroflex Financials

Revenue and Profit Table

Cash Flow Table

Key Highlights

• Revenue from operations has inched up from ₹1,057.5 crore in FY23 to ₹1,134.25 crore in FY25, with Q1FY26 at ₹292.5 crore indicating a healthy run rate if momentum sustains.
• Profitability has improved meaningfully: The company moved from a net loss of ₹15.5 crore in FY23 to a net profit of ₹11.2 crore in FY24 and further to ₹47.16 crore in FY25, with Q1FY26 profit at ₹5.6 crore.
• Operating margins have strengthened from 5.4% in FY23 and 5.7% in FY24 to 8.6% in FY25, while Q1FY26 margin of 7.2% suggests the business is largely retaining part of the efficiency gains.
• Operating cash flows have been consistently positive over the period, rising from ₹70.4 crore in FY23 to ₹108.2 crore in FY25, showing that earnings quality is supported by actual cash generation.
• Free cash flow has also remained positive through FY23–FY25, improving from around mid ₹30 crore levels to ₹95 crore in FY25, with Q1FY26 already contributing ₹2.5 crore, indicating room for reinvestment and balance sheet strengthening.

Sector & Market Context

India’s mattress and comfort solutions market is growing steadily. Rising urbanisation, increasing disposable incomes, growing health awareness and a shift towards branded products and better sleep quality are expected to support demand in coming years. According to market-research reports, these tailwinds favour organised mattress and home-comfort players.

Duroflex’s product diversification, mattresses, foam, furniture, bedding accessories, along with its omnichannel presence position it to tap across consumer segments: premium, mid, and mass. Its plans to expand retail footprint further through new stores may support wider reach and market penetration.

In this context, the Duroflex IPO offers investors a chance to gain exposure to a consumer-durables company aligned with structural growth trends in India’s housing, lifestyle, furniture and comfort demands.

Key Considerations for Investors

If you are thinking of applying for the Duroflex IPO, or simply following it for potential investment, here are some of the key strengths, risks and open questions you should weigh carefully.

Strengths

• Return to profitability: After a loss in FY 2023, Duroflex delivered a net profit in FY 2024 and FY 2025, signalling operational recovery.
• Diversified product portfolio and wide reach: Mattress, furniture, foam, bedding and related accessories covering various customer segments; over 5,500 general trade outlets, COCO stores and digital reach.
• Growth potential linked to macro trends: Rising disposable incomes, urbanisation, demand for branded comfort products and home-furnishing are structural tailwinds.
• Planned expansion via IPO proceeds: Capital for store expansion, manufacturing capacity and brand building, which could reinforce long-term growth potential and market share.
• Experienced promoter base and track record: Founded in 1963, with decades of presence and established manufacturing and distribution capabilities.

Risks & Uncertainties

• Key IPO details not yet disclosed: Price band, lot size, issue dates and public prospectus are still pending, making it difficult to calculate entry valuation or plan exact investment size.
• Competition and margin pressure: The mattress and home-furnishing market is competitive, with several players; margin pressures may arise due to raw-material costs, discounting, or competition from unbranded or low-cost manufacturers.
• Execution risk for expansion plans: Opening 120 new retail stores, scaling manufacturing, ensuring supply-chain reliability and maintaining quality across all channels is operationally challenging.
• Dependence on consumer demand and economic conditions: Demand for comfort and home-furnishing can be cyclical, and macroeconomic slowdowns or inflation may adversely affect consumer spending.
• Limited long-term public track record: As a newly listed entity, public market investors will have limited historical financial data beyond the recent years disclosed — making long-term visibility less certain until subsequent quarters are reported.

About the Company

Duroflex is a mattress and comfort-solutions manufacturer and retailer. With manufacturing facilities across India, the company offers a wide array of products under brands such as Sleepyhead, Duroflex, and Perfect Rest.

Its distribution model is omni-channel: company-owned stores , general trade outlets, and digital reach. Through the IPO, Duroflex aims to expand its retail footprint, open new stores, invest in manufacturing and marketing, and grow across product categories and market segments, positioning itself as a leading organized player in India’s sleep and comfort solutions industry.

Conclusion

The Duroflex Ltd IPO appears to be a promising opportunity for investors looking to gain exposure to India’s consumer-durables and home-comfort segment. With a return to profitability, a diversified product portfolio, wide retail and trade presence, and ambitious expansion plans, the company is fairly positioned to benefit from structural growth trends in housing, lifestyle, comfort awareness and branded products.

At the same time, several important IPO details remain undisclosed, price band, lot size, exact valuation at listing, and listing date. That means you should approach with caution: wait for the public prospectus, evaluate valuation carefully, and consider your risk appetite before applying.