Matangi Rubber IPO is an upcoming public issue comprising a fresh issue of up to 57,61,831 equity shares and an Offer for Sale (OFS) of up to 15,15,150 equity shares, aggregating to approximately 72.77 lakh equity shares with a face value of ?10 each. The IPO price band, issue dates and final issue size are yet to be announced. The shares are proposed to be listed on the BSE and NSE. 

Sarthi Capital Advisors Private Limited is managing the issue as the Book Running Lead Manager, while Bigshare Services Private Limited is acting as the registrar to the issue. 

The proceeds from the fresh issue will be utilized for the repayment or pre-payment, in full or in part, of certain outstanding loans availed by the Company; funding capital expenditure requirements for setting up a greenfield manufacturing facility for rubber recycling products and a greenfield manufacturing facility for solid tyre production at Bhind, Madhya Pradesh; and general corporate purposes.  The proceeds from the OFS, after deducting applicable expenses and taxes, will go to the respective selling shareholders. 

About Matangi Rubber Limited

Matangi Rubber Limited is an Indian tyre and rubber products manufacturer incorporated in 2004 as Matangi Rubber Private Limited and converted into a public limited company in November 2024. The Company is engaged in the manufacturing of tyres, tyre flaps, tyre tubes, and rubber compounds, catering to diverse requirements across the automotive and rubber industries.

The Company’s product portfolio primarily includes tyres for two-wheelers and three-wheelers, tyre flaps and tubes for commercial vehicles such as trucks and buses, and rubber compounds used in the manufacture of various rubber products. Its operations are supported by five manufacturing plants located across Selaqui (Dehradun, Uttarakhand), Bhind (Madhya Pradesh), and Gummidipoondi (Tamil Nadu).

Matangi Rubber Limited operates through multiple business models, including manufacturing and selling products under its own brand, contract manufacturing, and job work services for customers. The Company has been engaged in contract manufacturing of tyre flaps at its Selaqui facility since 2007 and commenced job work operations for tyre flaps at its Gummidipoondi facility in 2014. It has also expanded into the two-wheeler and three-wheeler tyre segment through its manufacturing facility at Bhind, Madhya Pradesh.

The Company has an established business relationship with JK Tyre & Industries Limited, for which it undertakes manufacturing and job work activities across select product categories. In addition, the Company acquired a 97.74% stake in MG Industries Limited on October 31, 2024, further expanding its corporate presence.
As part of its growth and expansion strategy, Matangi Rubber Limited proposes to establish a solid tyre manufacturing facility within its existing manufacturing premises at Bhind, Madhya Pradesh, along with plans for a rubber recycling plant. 
As of May 31, 2025, the Company had a total workforce of 240 employees across various business functions.