Defrail Technologies IPO
Defrail Technologies IPO
Overview
Defrail Technologies IPO is a book build issue of 0.19 crore shares. The issue is entirely a fresh issue of shares. Defrail Technologies IPO opens for subscription on Jan 9, 2026 and closes on Jan 13, 2026. The allotment for the Defrail Technologies IPO is expected to be finalized on Jan 14, 2026. Defrail Technologies IPO will list on BSE SME with a tentative listing date fixed as Jan 16, 2026. Defrail Technologies IPO price band is set at [.] to [.] per share. NEXGEN Financial Solutions Pvt. Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Total Shares
18,60,800
Issue Size
-
Price Band
₹0 – ₹0
Lot Size
0 shares
Min. Investment
₹0
Max. Investment
₹0
Open Date
09 Jan, 2026
Close Date
13 Jan, 2026
Allotment
14 Jan, 2026
Listing
16 Jan, 2026
Max. Investment
₹0
Announced
09 Jan, 2026
Opening Date
09 Jan, 2026
Closing Date
13 Jan, 2026
Basis of Allotment
14 Jan, 2026
Initiation of Refunds
15 Jan, 2026
Credit of Shares
15 Jan, 2026
Listing Date
16 Jan, 2026
Live GMP
Est. Listing: ₹8
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About Defrail Technologies IPO
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 198
Defrail Technologies IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.0% increase in shares
Defrail Technologies IPO Financial Health
Defrail Technologies IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3200 | - |
| Individual investors (Retail) (Max) | 2 | 3200 | - |
| S-HNI (Min) | 3 | 4800 | - |
| S-HNI (Max) | 8 | 12800 | - |
| B-HNI (Min) | 9 | 14400 | - |
(All values in CR)
Defrail Technologies IPO Valuations
| Metric | Value |
|---|---|
| ROE | 73.72 |
| ROCE | 24.43 |
| Debt/Equity | 1.27 |
| RoNW | 73.72 |
| PAT Margin | 5.49 |
| EBITDA Margin | 9.29 |
(All values in CR)
Defrail Technologies IPO Strength & Risk
Defrail Technologies IPO – Strengths
Strong improvement in business scale in recent period
Noticeable growth in revenue and profitability from a low base
Operates across multiple end-user industries such as railways, automotive, defence, and infrastructure
Approved vendor for Indian Railways, supporting credibility and order visibility
Experienced promoters with background in rubber and component manufacturing
IPO proceeds aimed at capacity expansion, efficiency improvement, and cost optimisation
Focus on manufacturing value-added rubber components with repeat demand
Defrail Technologies IPO – Risks
SME platform listing may result in limited liquidity after listing
Business performance linked to cyclical industries like automobiles and infrastructure
Exposure to volatility in raw material prices affecting margins
Competitive environment with several unorganised and organised players
Dependence on business-to-business clients and bulk orders
Short operating history at higher revenue scale raises sustainability concerns
Grey market activity currently indicates cautious investor sentiment
Defrail Technologies IPO Subscriptions Status
Defrail Technologies IPO subscribed 105.54 times. The public issue subscribed 101.28 times in the individual investors category, 71.09 times in QIB (Ex Anchor), and 160.95 times in the NII category by January 13, 2026 6:19:05 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 5,18,400 | 5,18,400 | 3.84 |
| Market Maker | 1.00 | 94,400 | 94,400 | 0.7 |
| QIB (Ex Anchor) | 71.09 | 2,55,200 | 2,52,49,600 | 186.85 |
| Non-Institutional Buyers | 160.95 | 2,68,800 | 4,32,64,000 | 320.15 |
| bNII (bids above ₹10L) | 188.30 | 1,77,600 | 3,34,41,600 | 247.47 |
| sNII (bids below ₹10L) | 107.70 | 91,200 | 98,22,400 | 72.69 |
| Individual Investors | 101.28 | 6,24,000 | 6,31,96,800 | 467.66 |
| Total | 105.54 | 12,48,000 | 13,17,10,400 | 974.66 |
Defrail Technologies IPO GMP
Defrail Technologies SME IPO last GMP is ₹8, last updated Jan 13th 2026 05:59 PM. With the price band of 74.00, Defrail Technologies SME IPO's estimated listing price is ₹82 (cap price + today's GMP).The expected percentage gain/loss per share is 10.81%. >> Defrail Technologies SME IPO Retail Subject to Sauda: ₹9700 The lowest GMP is ₹0.00, while the highest GMP is ₹8.00.
Last updated 13 Jan, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 13 Jan, 2026 | 74 | ₹8 | 9700 | ₹82 (10.81%) | 12800 | 13 Jan, 2026 |
| 12 Jan, 2026 | 74 | ₹8▲ | 9700 | ₹82 (10.81%) | 12800 | 12 Jan, 2026 |
| 11 Jan, 2026 | 74 | ₹6 | 7300 | ₹80 (8.11%) | 9600 | 11 Jan, 2026 |
| 10 Jan, 2026 | 74 | ₹6 | 7300 | ₹80 (8.11%) | 9600 | 10 Jan, 2026 |
| 09 Jan, 2026 | 74 | ₹6 | 7300 | ₹80 (8.11%) | 9600 | 09 Jan, 2026 |
| 08 Jan, 2026 | 74 | ₹6▲ | 7300 | ₹80 (8.11%) | 9600 | 08 Jan, 2026 |
| 07 Jan, 2026 | 74 | ₹0 | - | ₹74 (0.00%) | - | 07 Jan, 2026 |
| 06 Jan, 2026 | 74 | ₹0 | - | ₹74 (0.00%) | - | 06 Jan, 2026 |
| 05 Jan, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 05 Jan, 2026 |
| 04 Jan, 2026 | 0 | ₹0 | - | - | - | 04 Jan, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Defrail Technologies IPO
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Find Defrail Technologies IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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