Duroflex Plans ₹185 Crore IPO After 60-Year Journey from Regional to National Player
Published on: Jan. 22, 2026, 7:47 p.m. | Source: scanx.trade
Duroflex Group is preparing for its IPO after 60+ years of operations, seeking ₹185 crore through fresh issue and OFS of 2.2 crore shares. The company achieved strong financial performance with FY25 revenue of ₹1,134 crore and PAT surging to ₹47 crore from ₹11 crore. Private equity investments from Lighthouse ($22 million, 2018) and Norwest ($60 million, 2021) enabled national expansion and technology innovation, positioning the Kerala-based sleep solutions provider for public market debut in a competitive but growing market.
