Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
Matangi Rubber Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on May 25, 2026 to raise funds through Initial Public Offer (IPO).
Matangi Rubber Ltd. IPO is a Book Build Issue of 0.73 crore equity shares consisting of a fresh issue of upto 0.58 crore equity shares and an offer for sale (OFS) of upto 0.15 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Matangi Rubber IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 72,76,981 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 57,61,831 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 15,15,150 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,28,55,450 shares |
| Share Holding Post Issue | 2,86,17,281 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, May 25, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Issue |
| Retail Shares Offered | Not Less than 10% of the Net Issue |
| NII Shares Offered | Not Less than 15% of the Net Issue |
Incorporated in June 2004, Matangi Rubber Limited is engaged in the manufacturing of tyres, tyre flaps, tyre tubes, and rubber compounds for automotive and industrial applications. The company primarily caters to the 2-wheeler, 3-wheeler, and commercial vehicle segments through manufacturing, contract manufacturing, and job work services.
Matangi Rubber operates 7 manufacturing facilities across Uttarakhand, Madhya Pradesh, and Tamil Nadu, including facilities operated through its subsidiary MG Industries Limited. The plants manufacture tyre flaps, tyre tubes, rubber compounds, and tyres for multiple automotive applications.
The company’s business model focuses on manufacturing & selling, contract manufacturing, and conversion-based job work services for tyre companies. It also undertakes limited trading of rubber materials and support services for key customers such as JK Tyre & Industries Limited.
As on May 31, 2025, the company had 240 employees across various business functions.
Strengths
| Period Ended | 31 Dec 2025 | 31 Mar 2025 |
|---|---|---|
| Assets | 244.51 | 206.11 |
| Total Income | 89.39 | 106.30 |
| Profit After Tax | 16.80 | 20.03 |
| EBITDA | 23.77 | 30.89 |
| NET Worth | 37.06 | 50.05 |
| Reserves and Surplus | 91.36 | 81.73 |
| Total Borrowing | 114.22 | 93.68 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ pre-payment in full or in part, of certain outstanding loans availed by the Company | 45.00 |
| 2 | Funding Capital Expenditure requirements for setting up green field manufacturing facility for Rubber Recycling Products (Bhind, Madhya Pradesh) | 19.06 |
| 3 | Funding Capital Expenditure requirements for setting up green field manufacturing facility for production of Solid Tyres (Bhind, Madhya Pradesh) | 8.44 |
| 4 | General Corporate Purposes | |
| Total | 72.49 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 16.53% | 23.52% |
| ROCE | 12.11% | 18.22% |
| Debt/Equity | 1.12 | 1.10 |
| RoNW | 17.99% | 31.95% |
| PAT Margin | 18.80% | 18.84% |
| EBITDA Margin | 27.43% | 30.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.76 | 7.83 |
| Promoter Holding | 81.11% | 60.01% |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||
|---|---|---|---|---|
| Assets | 120.12 | 73.20 | ||
| Total Income | 91.26 | 87.46 | ||
| Profit After Tax | 4.81 | 2.74 | ||
| EBITDA | 10.38 | 7.81 | ||
| NET Worth | 77.83 | 94.32 | ||
| Reserves and Surplus | 37.48 | 24.77 | ||
| Total Borrowing | 61.86 | 29.48 | ||
| Amount in ₹ Crore | ||||
Lead Manager Reports
Matangi Rubber IPO is a main-board IPO of 72,76,981 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Matangi Rubber IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Matangi Rubber IPO using UPI as a payment gateway. Zerodha customers can apply in Matangi Rubber IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Matangi Rubber IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Matangi Rubber IPO dates are not announced. Please check back again after some time.
Matangi Rubber IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Matangi Rubber IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Matangi Rubber IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Matangi Rubber IPO allotment status.
The Matangi Rubber IPO listing date is not yet announced. The tentative date of listing is .
