Aequitas Research

Hong Jie Seow

Independent Insight Provider

IPOs and Placements coverage across Asia Pacific

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/duroflex" target="_blank" data-smartkarma-citation="entities:45949:1" rel="noopener">Duroflex (1603801D IN)</a> is looking to raise about US$114m in its upcoming India IPO. The deal will be run by JM Financial and Motilal Oswal.</li>
<li>Duroflex Limited is a leading provider of sleep and comfort solutions in India, with a legacy spanning over six decades. </li>
<li>Its “house of brands” architecture comprising Duroflex, Sleepyhead, Perfect Rest, and Durofoam, caters to diverse consumer segments ranging from economy to luxury. </li>
</ul>



Duroflex (1603801D IN) is looking to raise about US$114m in its upcoming India IPO. The deal will be run by JM Financial and Motilal Oswal.
Duroflex Limited is a leading provider of sleep and comfort solutions in India, with a legacy spanning over six decades. 
Its “house of brands” architecture comprising Duroflex, Sleepyhead, Perfect Rest, and Durofoam, caters to diverse consumer segments ranging from economy to luxury. 


Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Samsung Electronics / Equity Capital Markets

<ul>
<li>Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.</li>
<li>On the IPO front, there were a flurry of deal launches across Hong Kong and India.</li>
<li>On the placements front, while the week was rather quiet, we did have a look at the upcoming lockup release.</li>
</ul>


Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.
On the IPO front, there were a flurry of deal launches across Hong Kong and India.
On the placements front, while the week was rather quiet, we did have a look at the upcoming lockup release.


ECM Weekly (3 November 2025)-Sany, Seres, CIG, PonyAI, WeRide, Mininglamp, Lenskart, Groww, Softcare

India

Duroflex Limited is a leading provider of sleep and comfort solutions in India, with a legacy spanning over six decades. Its “house of brands” architecture comprising Duroflex, Sleepyhead, Perfect Rest, and Durofoam, caters to diverse consumer segments ranging from economy to luxury. 

The firm manufactures a wide range of products, including mattresses, branded polyurethane (PU) foam, and furniture and accessories. Mattresses form the core of its business, accounting for over half of total revenue, supported by strong product diversification and more than 3,900 SKUs across its brands.

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Duroflex (1603801D IN)

Duroflex Pre-IPO Tearsheet

Duroflex plans to raise $114m in India IPO with JM Financial and Motilal Oswal, offering sleep solutions for diverse consumer segments.

Hong Jie Seow

ECM Weekly (3 November 2025)-Sany, Seres, CIG, PonyAI, WeRide, Mininglamp, Lenskart, Groww, Softcare

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Duroflex Pre-IPO Tearsheet

​Duroflex plans to raise $114m in India IPO with JM Financial and Motilal Oswal, offering sleep solutions for diverse consumer segments.

Hong Jie Seow

ECM Weekly (3 November 2025)-Sany, Seres, CIG, PonyAI, WeRide, Mininglamp, Lenskart, Groww, Softcare

Aequitas Research's weekly update on the IPOs, placements, lockup expiry and other ECM linked events that were covered by the team over the past week.

Sumeet Singh

Duroflex plans to raise $114m in India IPO with JM Financial and Motilal Oswal, offering sleep solutions for diverse consumer segments.