Matangi Rubber Limited
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Matangi Rubber Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 72,76,981 Shares. The offering comprises a fresh issue component of 57,61,831 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Matangi Rubber Limited, incorporated in June 2004, is engaged in manufacturing tyres, tyre flaps, tyre tubes and rubber compounds for automotive and industrial applications. The company primarily serves the two-wheeler, three-wheeler and commercial vehicle segments through its manufacturing operations, contract manufacturing and job work services. It operates seven manufacturing facilities across Uttarakhand, Madhya Pradesh and Tamil Nadu, including facilities managed through its subsidiary, MG Industries Limited. These facilities produce tyres, tyre flaps, tyre tubes and rubber compounds for various automotive applications. The company's business model includes manufacturing and selling its own products, contract manufacturing for other companies and conversion-based job work for tyre manufacturers. It also undertakes limited trading of rubber materials and provides support services to key customers, including JK Tyre & Industries Limited. As of May 31, 2025, Matangi Rubber Limited had 240 employees across various business functions
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- Diversified Rubber Product Portfolio: Matangi Rubber Limited manufactures tyre flaps, inner tubes, rubber compounds, and tyres for two-wheelers, three-wheelers, trucks, buses, and other commercial vehicles. Its varied product range enables it to serve different segments of the automotive industry.
- Established Customer Relationships: The company has built long-standing relationships with tyre manufacturers and other customers. Its experience in supplying rubber products and providing contract manufacturing services supports business continuity and customer retention.
- Multi-Location Manufacturing Capabilities: The company operates manufacturing facilities across Uttarakhand, Madhya Pradesh, and Tamil Nadu. This manufacturing network supports production capacity and provides opportunities to expand its presence in the automotive components market.
- High Customer Concentration: A large portion of the company's revenue comes from a limited number of major customers. Any reduction in orders, termination of supply arrangements, or loss of a key customer could significantly affect revenue and profitability.
- Raw Material Price Volatility: The company depends on natural rubber, synthetic rubber, carbon black, and other manufacturing inputs. Unexpected price increases or supply disruptions may raise production costs and put pressure on profit margins.
- Manufacturing & Expansion Risks: The business depends on the efficient operation of its manufacturing facilities. Machinery breakdowns, fire incidents, labour shortages, or delays in commissioning new plants could disrupt production, increase expenses, and affect financial performance.
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