Kurlon Enterprise IPO Company Profile:

Established in 1962, Kurlon is an innovator of Rubberized Coir mattresses in India and also one of the oldest mattress companies in India that offers a wide range of home comfort solutions ranging from mattresses like RC mattresses, spring mattresses, and foam mattresses, polyurethane foam, home furniture & furnishing products under the brand name “Kurl-on” for retail as well as institutional customers such as Hotels, Hospitals and Hostels who prefer premium and high quality branded mattresses with flame retardant, anti-bacterial fabrics. Currently, the Company exports its products to Asian countries like Sri Lanka and Nepal.

Kurl-On Limited (“KL”) is the holding company, which promoted a subsidiary company in the style and name of Kurlon Enterprise Ltd. (“KEL”) in the year 2011. Consequent to the Business Transfer Agreement between KL and its subsidiary, the business of Rubberized Coir, Latex Foam, Polyurethane Foam, Pillows, Spring Mattresses, Furniture, Furnishing, and related products were transferred to the subsidiary company effective 1st April, 2014. Headquartered in Bengaluru, Kurlon Enterprise Ltd. (“KEL”) is now the operating company. Both Companies are closely held unlisted public Ltd Companies. Kurlon Enterprise Limited now manufactures products in 135 different configurations, Pan-India, and has a retail reach out of more than 4000+ counters, 50+ Warehouses, and 12 strategically located manufacturing facilities across Karnataka, Gujarat, Orissa, Uttaranchal, and Madhya Pradesh.

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    Kurlon Enterprise IPO Details:

    IPO Open Date Not Available
    IPO Close Date Not Available
    Listing Date Not Available
    Face Value ₹5 per share
    Price Not Available
    Lot Size Not Available
    Issue Size Not Available
    Fresh Issue Not Available
    Offer for Sale Not Available
    Issue Type Book Built Issue IPO
    Listing At BSE, NSE
    QIB Shares Offered Not Available
    NII (HNI) Shares Offered Not Available
    Retail Shares Offered Not Available
    Promoters Kurlon Limited, Tonse Sudhakar Pai, and Jaya Sudhakar Pai

    Kurlon Enterprise IPO Shareholders holding more than 5% of shares:

    S. No. Name of the Shareholder No. of Equity Shares


    Percentage % of total shares
    1. Kurlon Limited 3,09,24,115 84.60%
    2. Indian Business Excellence Fund II A 23,54,086 6.44%
    Total   3,32,78,201 91.04%

    Kurlon Enterprise IPO Financial Analysis :

    Particulars FY-22(in cr.) FY-21(in cr.) YoY
    Revenue from Operations 795.15 758.82 4.8%
    Other Income 13.65 8.43 61.9%
    Operational Cost 456.61 412.85 10.6%
    Employee Cost 73.62 66.81 10.2%
    Other expenses 245.64 171.68 43.1%
    EBITDA 32.93 115.92 -71.6%
    EBITDA margin% 4.14% 15.28%  
    Depreciation 36.05 31.25 15.3%
    Interest 5.73 5.27 8.7%
    Exceptional items 0.00 20.19
    Profit / (loss) before tax -8.85 59.21
    Total tax -3.26 25.61
    Profit / (loss) After tax -5.58 33.60
    Profit / (loss) After tax margin% -0.70% 4.43%