Matangi Rubber IPO: 72.76 Lakh Shares Launching Soon
Tyre on a production line in an Indian rubber manufacturing facility.
Key Highlights
Matangi Rubber Ltd. announces its 100% book-built IPO, offering 72.76 lakh equity shares. Funds to be used for debt repayment and new facilities. Listing on BSE SME.
Matangi Rubber Ltd. will launch a 100% book-built comprising up to 72.76 lakh equity shares, each with a face value of ₹10. The company submitted its Draft Red Herring Prospectus to SEBI on May 25, 2026.
Key IPO Figures
The offer includes both new shares and existing shares sold by promoters.
Total Shares Offered: 72.76 lakh equity shares
Component: 57.61 lakh shares
(OFS) Component: 15.15 lakh shares
per Share: ₹10
Company Overview
Established on June 23, 2004, Matangi Rubber Ltd. became a public limited company on November 4, 2024. Headquartered in New Delhi, it is a significant player in the Indian rubber and manufacturing sector. The company expanded into 2/3-wheeler automotive tyre production on December 27, 2025.
Offer Details and Management
The IPO shares are slated for listing on the SME platform. Sarthi Capital Advisors Private Limited is the book-running lead manager. Bigshare Services Private Limited is the registrar for the offer.
Operational Footprint
Matangi Rubber operates five manufacturing facilities located across Uttarakhand, Tamil Nadu, and Madhya Pradesh. As of December 31, 2025, these plants demonstrated high utilization rates. The company is also developing two new facilities in Malanpur.
Products Manufactured: Automotive tyre flaps, customized rubber compounds, automotive tubes.
New Facilities Focus: Rubber recycling and industrial solid tyre production.
Financial Performance
is primarily generated through institutional B2B contracts and channel sales of manufactured rubber products. For Q3 FY26, the company reported revenue from operations of ₹86.64 crore. A substantial 87.33% of its revenue originates from its top ten customers.
FY23 Revenue: ₹86.25 crore
FY25 Revenue: ₹101.32 crore
FY23 : ₹2.74 crore
FY25 Profit After Tax: ₹20.03 crore
Promoter Pre-IPO Stake: 81.11%
Utilization of Proceeds and Risks
The IPO proceeds are intended for several key corporate objectives. Matangi Rubber Ltd. has shown consistent financial growth, with Profit After Tax rising significantly between Fiscal 2023 and Fiscal 2025.
Proceeds for: Debt repayment, funding a new greenfield manufacturing facility for solid tyres and rubber recycling products, and general corporate purposes.
Key Risks: High customer concentration and volatility of natural and synthetic rubber prices.