Matangi Rubber, one of the leading tyre makers, has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI with an aim to raise funds via an Initial Public Offering (IPO).
As per the draft papers filed on May 25, the firm is to raise 72.76 lakh shares via an IPO. In which the company will raise 57.61 lakh shares via a fresh issue and up to 15.15 lakh shares via an Offer-for-sale component.
n the OFS component, Promoter Vandana Rubber and Chemicals Private Limited will be selling 13,63,000 equity shares. While Anju Khanna and Priyanka Khanna will sell 60,000 equity shares, Pratyush Handa will sell 30,000 equity shares.
Founded in 2004, Matangi Rubber is one of the leading manufacturers of tyres, tyre-flaps, tubes & rubber compounds. Its products are used in both 2-wheeler and 3-wheeler vehicles, such as trucks, buses, and heavy utility vehicles.
The firm has 5 manufacturing facilities situated at Selaqui (Dehradun, Uttarakhand), two plants at Bhind (Gwalior, Madhya Pradesh), and one plant at Gummidipoondi (Chennai, Tamil Nadu).
Ceat, TVS Srichakra, and Tolins Tyre are the peer competitors of the company.
The company is planning to use a fund of ?45 crore raised from the fresh issue towards the repayment of the loan, ?19.05 crore for setting up the green field manufacturing facility for rubber recycling products, and ?8.4 crore for setting up a green field manufacturing facility for the production of solid tyres in Bhindi, Madhya Pradesh. While the remaining funds will be used towards the general corporate purposes.
Sarthi Capital Advisors Private Limited is the book-running lead manager to the IPO, and Bigshare Services Private Limited is the registrar to the company. For more such updates and queries, please follow IPO Watch.
Matangi Rubber IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Matangi Rubber Company Financial Report
Amount ? in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2025 | ?106.30 | ?78.10 | ?20.03 |
| Dec 2025 | ?89.39 | ?66.83 | ?16.80 |
Matangi Rubber IPO Valuation – FY2025
Matangi Rubber IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ?10.99 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 31.95% |
| Net Asset Value (NAV): | ?46.73 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | PAT (?) |
| Ceat Limited | 116.85 | 27.22 | 10.79 | – | 471.37 Cr. |
| TVS Srichakra Limited | 26.92 | 133.70 | 1.73 | – | 20.52 Cr. |
| Tolins Tyre Limited | 10.81 | 9.50 | 11.92 | – | 38.68 Cr. |
Objects of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding loans availed by the Company;
- Funding Capital Expenditure requirements for setting up green field manufacturing facility for Rubber Recycling Products (Bhind, Madhya Pradesh);
- Funding Capital Expenditure requirements for setting up green field manufacturing facility for production of Solid Tyres (Bhind, Madhya Pradesh);
- General Corporate Purposes.
IPO Lead Managers aka Merchant Bankers
- Sarthi Capital Advisors Private Limited
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