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Defrail Technologies Ltd

Defrail Technologies Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹74
₹74
GMP (Grey Market)
+₹8
+10.81%
Est. Listing Price
₹82
Based on GMP
Min. Investment
₹118,400
1 lot × 1600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
09 Jan 2026
Close Date
13 Jan 2026
Allotment
14 Jan 2026
Listing Date
16 Jan 2026
Exchange
BSE SME
Price Band
₹74
Listing Price
See chart
Allotment Status
Price Band
₹74
Per share
Face Value
₹10 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
18,60,800 shares (agg. up to ₹[.] Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹118,400
1 lot
Pre-IPO Holding
51,63,620 shares
Promoters
Post-IPO Holding
70,24,420 shares
Promoters
P/E (Pre)
11.18x
 
P/E (Post)
17.25x
 
EPS (Pre)
₹6.62
 
EPS (Post)
₹4.29
 
UPI Deadline
5:00 PM on 13 Jan 2026
Mandate
GMP
+₹8
+10.81% est.
Anchor AllotmentThu, 08 Jan 2026
Basis of AllotmentWed, 14 Jan 2026
Refund InitiationThu, 15 Jan 2026
Demat CreditThu, 15 Jan 2026
Listing DayFri, 16 Jan 2026
UPI Mandate Deadline5:00 PM on 13 Jan 2026
Sale TypeFresh Capital
Net Offer to Public17,66,400 shares (agg. up to ₹[.] Cr)
Market Maker Quota94,400 shares (agg. up to ₹[.] Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Defrail Technologies Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 13 Jan 2026.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
94,400
₹0.70
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
1,860,800
100% ₹13.77
IPO Shares Offered
Defrail Technologies Ltd IPO total issue size: ₹13.77 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 94,400 ₹0.70
5.07%
Total 1,860,800 ₹13.77
100.00%
* Based on upper price band ₹74 per share
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹74.00
Upper Band
Min Investment
₹118,400
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹236,800
Retail (Max — 13 Lots)1320,800₹1,539,200
S-HNI (Min — 14 Lots)1422,400₹1,657,600
B-HNI (Min — 68 Lots)68108,800₹8,051,200
* Issue Price ₹74 × Lot Size 1,600 shares
IPO Schedule
Anchor
08 Jan 2026
✓ Done
IPO Open
09 Jan 2026
✓ Done
IPO Close
13 Jan 2026
✓ Done
Allotment
14 Jan 2026
✓ Done
Refunds
15 Jan 2026
✓ Done
Demat Credit
15 Jan 2026
✓ Done
Listing Day
16 Jan 2026
✓ Done
Defrail Technologies Ltd — Live Price LIVE
₹74.00
INR · BSE
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Issue ₹74.00 GMP: +₹8 Live Price
About Defrail Technologies Ltd
Incorporated in October 2023, Defrail Technologies Limited is engaged in the business of manufacturing rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts. Its products find applications across industries such as automotive, railways, and defence, with the company offering clients both standard products and customised solutions tailored to their operational requirements.Defrail Technologies traces its origins to 1980 with the establishment of Vikas Rubber Industries, followed by the formation of Impex Hitech Rubber in 2008 to serve B2B customers with expanded capabilities. On April 1, 2024, both businesses were consolidated into Defrail Technologies Limited through Business Transfer Agreements. The company primarily operates on a B2B model, supplying bulk orders to clients in the automotive sector, while also serving the B2G segment by delivering products directly to government authorities such as Indian Railways and the Defence.The company operates two manufacturing plants in Faridabad, Haryana:Neemka, Tigaon Road, Sector 71 (2,420 sq. yards)Sector 24, Faridabad (4,833.33 sq. yards)These facilities are equipped with advanced machinery enabling the production of a wide range of rubber products, including diesel and petroleum hose pipes, LPG hose pipes, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponges, and aluminium window rubber beadings.The company is ISO 9001:2015 certified for quality management systems. It is registered as a seller on the Government e-Marketplace (GeM), enabling participation in government procurement tenders and vendor contracts.As of November 30, 2025, the company has 298 permanent employees.Competitive Strength:The company has experienced management with strong knowledge of its industry and operations. The company is an RDSO-approved vendor, enabling it to supply products to the Indian Railways sector.The company offers a diversified product range that caters to multiple industries.The company maintains strong relationships with both customers and suppliers, which support stable, consistent business operations.The company has an in-house testing and research and development center, supporting product quality and innovation.
Objects of the Issue
1
Purchase of equipment/machineries
2
Purchase and installation of Solar Panel
3
General Corporate Purposes
Defrail Technologies Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹0.7
31 Mar 2024
₹62.2
31 Mar 2025
₹39.1
30 Sep 2025
Profit After Tax (PAT)
₹0.1
31 Mar 2024
₹3.4
31 Mar 2025
₹1.5
30 Sep 2025
Particulars30 Sep 202531 Mar 202531 Mar 2024
Revenue from Operations 39.08 62.22 0.72
EBITDA 3.44 5.78 0.14
Profit After Tax (PAT) 1.51 3.42 0.11
Net Worth 10.62 9.12 0.16
Total Assets 37.22 33.91 1.22
Reserves & Surplus 5.46 3.96 0.11
Borrowings 11.78 11.56 0.41
EBITDA Margin (%) 9.29%
PAT Margin (%) 5.49%
P/BV Ratio
4.19
RoE
73.72%
RoCE
24.43%
RoNW
73.72%
PAT Margin
5.49%
EBITDA Margin
9.29%
Debt/Equity
1.27
Issue Structure & Shareholding
Total Shares Offered18,60,800 (100.00%)
Net Offer to Public17,66,400 shares (agg. up to ₹[.] Cr)
Reserved for Market Maker94,400 shares (agg. up to ₹[.] Cr)
Pre-Issue Promoter Holding51,63,620 shares
Post-Issue Promoter Holding70,24,420 shares
P/BV Ratio4.19
RoE73.72%
RoCE24.43%
Debt / Equity1.27
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
NEXGEN Financial Solutions Pvt. Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Defrail Technologies Ltd IPO subscribed?

Defrail Technologies Ltd IPO is subscribed 1.00 times by Jan 13, 2026. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Defrail Technologies Ltd IPO retail subscription status?

The Defrail Technologies Ltd IPO retail category is subscribed 1.00 times as of 13 Jan 2026. The retail portion is oversubscribed.

How to subscribe Defrail Technologies Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 09 Jan 2026 and closes 13 Jan 2026. Min investment: ₹118,400 (1 lot = 1,600 shares). UPI mandate: 5:00 PM on 13 Jan 2026.

How many times Defrail Technologies Ltd IPO subscribed?

The Defrail Technologies Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Defrail Technologies Ltd IPO allotment?

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 14 Jan 2026. Refunds: on 15 Jan 2026.

When Defrail Technologies Ltd IPO will be listed?

The Defrail Technologies Ltd IPO listing date is 16 Jan 2026, Friday. Listed on: BSE SME. Issue price: ₹74. Estimated listing: ₹82. GMP: +₹8.

When Defrail Technologies Ltd IPO close?

The Defrail Technologies Ltd IPO closes on 13 Jan 2026, Tuesday. UPI mandate: 5:00 PM on 13 Jan 2026. Allotment: 14 Jan 2026. Listing: 16 Jan 2026.