Archive · 22 Jan 2026
Duroflex Aims for IPO After 60 Years
Duroflex is a company that makes mattresses and other sleep products.
It was started in 1963 in Kerala and has been run by the same family for over 60 years.
Recently, the company got investments from big private equity firms, which helped it grow and improve its products.
Now, Duroflex is planning to go public, which means it will sell shares to the public to raise money.
This money will help the company open more stores, improve its online presence, and create new products.
The company is excited about the growing demand for better sleep solutions in India and believes there is enough room for more players in the market.
Duroflex, a 60-year-old family-run mattress company, is preparing for an IPO to raise ₹185 crore.
The company's growth was driven by national expansion, revenue growth, and private equity investments from Lighthouse Funds and Norwest Venture Partners.
Duroflex plans to use IPO proceeds to open 120 new stores and expand its digital presence, including its D2C brand Sleepyhead.
The company's revenue in FY25 was ₹1,134 crore, with a profit of ₹47 crore, and 17% of sales came from e-commerce.
Duroflex is focusing on innovation, including new mattress technologies like AirBoost, and aims to double the contribution from other product categories like sofas and pillows.
- Who
- Duroflex Group, a mattress and sleep solutions company
- What
- Preparing for an IPO to raise funds and expand operations
- When
- Planned IPO by the end of 2026
- Where
- India, with national expansion and omnichannel presence
- Why
- To meet growth milestones, innovate, and expand market reach
- Founded
- 1963 in Kerala
- Revenue (FY25)
- ₹1,134 crore
- Profit (FY25)
- ₹47 crore
- IPO Fundraising Goal
- ₹185 crore
- Private Equity Investors
- Lighthouse Funds, Norwest Venture Partners
- E-commerce Revenue Share (FY25)
- 17%
- Mattress Market Size (India)
- ₹16,000 crore
- Projected Market Size (2030)
- ₹27,000 crore
