Duroflex IPO

Incorporated in 1981, Duroflex Limited is engaged in providing sleep and comfort solutions in India through a diversified omni-channel distribution network. The company’s business traces its legacy back to 1963 through its predecessor entity. Duroflex manufactures a wide range of products including foam, mattresses, sofas, recliners, beds, pillows, accessories, and furnishings. The company operates seven technology-enabled and vertically integrated manufacturing facilities across India, with in-house foam production capability — the primary raw material for its mattresses and sofas. Its products are marketed under the brands Duroflex, Sleepyhead, and Perfect Rest, catering to retail, institutional (hospitals, hospitality, education, and government sectors), OEM (white-label mattresses for national and international brands), and branded foam segments. As of June 30, 2025, Duroflex’s distribution network includes 73 COCO stores, 375 distributors, and 5,576 general trade stores, along with a strong presence on major e-commerce platforms. The company also operates 19 warehouses (one mother warehouse and 18 regional depots) to ensure efficient product availability across India. As of June 30, 2025, Duroflex employed 797 permanent employees.

Capital expenditure to be incurred for setting up of new COCO Stores (“New COCO Stores”); Expenditure for lease, sub-lease rent and license fee payments for our existing COCO Stores and Manufacturing Facility – VII; Marketing and advertisement expenses towards enhancing the awareness and visibility of our brand; and General corporate purposes.