Trilegal and Khaitan & Co advised on the proposed IPO of Duroflex Limited. Duroflex is a provider of sleep and comfort solutions in India, with a diversified omni-channel distribution network. It manufactures a wide range of products, including foam, mattresses, sofas, recliners, beds, pillows, accessories, and other furnishings.
Trilegal advised Duroflex Limited, on the proposed initial public offering of equity shares, comprising a fresh issue aggregating up to INR 1,836.00 million and an offer for sale aggregating up to 22,564,569 equity shares by the selling shareholders comprising of the Promoters and Lighthouse India Fund III, Limited and Lighthouse India III Employee Trust.
The Trilegal Capital Markets Team advising on the mandate was led by Partner: Vijay Parthasarathi; and supported by Senior Associate: Harshvardhan Lahiri; Associates: Lajja Mehta, Sheetal Kumar, Jahnavi Jayasimha Rao, and Jasmine Manekshaw.
Khaitan & Co advised the Book Running Lead Managers -JM Financial and Motilal Oswal Investment Advisors, on filing the DRHP for Duroflex’s proposed IPO comprising of a fresh issue and an offer for sale aggregating up to INR 1,836 million.
The deal team included Thomas George, Suman Prabhu, Jash Botadra, Varun Nair, Anand Sivasankaran K, Shishir Mani Tripathi and Anveeksha Anand.
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