IPO

Defrail Technologies Limited IPO

BSE SME

Listed On: Jan 19, 2026 at ₹ 95.0

₹ 236800 /3200 Shares
*Min Investment

Check Allotment

09 Jan, 2026

Open Date

13 Jan, 2026

Close Date

14 Jan, 2026

Allotment Date

19 Jan, 2026

Listing Date
Expected Premium
+ ₹10-11 (13.51%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Defrail Technologies IPO Live Subscription Details
View Subscription Details
QIB 71.09x
Individual 101.28x
NIIs 161.30x
BHNI 188.83x
SHNI 107.70x
Individual 101.28x
Total 105.61x
Last updated: 13 Jan 2026, 05:57 PM
Defrail Technologies IPO Issue Details
  • Issue Price ₹70-74 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 18,60,800 shares(aggregating up to ₹13.77 crore)
  • Fresh Share 18,60,800 shares(aggregating up to ₹13.77 crore)
  • Listing at BSE SME
  • List Price 95.0
  • Listing Date 2026-01-19
  • Lead Manager NEXGEN Financial Solutions Pvt. Ltd.
  • Registrar Maashitla Securities Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 3200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 3200 ₹2,36,800
Individual(max) 2 3200 ₹2,36,800
SHNI(min) 3 4800 ₹3,55,200
SHNI(max) 8 12800 ₹9,47,200
BHNI(min) 9 14400 ₹10,65,600
Defrail Technologies IPO Reservation

Defrail Technologies IPO offers total 1860800 shares. Out of which 355200 (19.09%) allocated to QIB, 268800 (14.45%) allocated to NII,624000 (33.53%) allocated to RII, NA (NA%) allocated to employees and 518400 (27.86%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 518400 (27.86%)
Market Maker Shares Offered 94400 (5.07%)
QIB Shares Offered 355200 (19.09%)
NII (HNI) Shares Offered 268800 (14.45%)
bNII > ₹10L 177600 (9.39%)
sNII < ₹10L 91200 (4.85%)
Individual Shares Offered 624000 (33.53%)
Total Shares Offered 1860800 (100%)
Defrail Technologies IPO Documents
DRHP
RHP
ANCHOR
Defrail Technologies IPO Details


Defrail Technologies Limited IPO is an SME IPO, priced at ₹70-74 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 18,60,800 equity shares, aggregating up to ₹13.77 crores..

The IPO bidding window is open from Jan 9, 2026 to Jan 13, 2026. The allotment is expected to be finalized on Jan 14, 2026, and the tentative listing date is Jan 19, 2026.

The minimum lot size for Individual investors is 3200 shares, with a minimum investment of ₹2,36,800.

NEXGEN Financial Solutions Pvt. Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Pvt.Ltd., and

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Defrail Technologies IPO Subscription Analysis And Details
Retail
101.28x
QIB
71.09x
NII
161.30x
bNII
188.83x
sNII
107.70x
Total
105.61x
As on QIB NII
bNII   sNII 		Individual Total
Shares Offered / Reserved 3,55,200 2,68,800
1,77,600    91,200 		6,24,000 12,48,000
Day 1 09-01-26 05:00 PM
0.00 x 0.88 x
1.20 x   0.25 x 		1.22 x 0.80 x
Day 2 12-01-26 05:00 PM
0.00 x 12.45 x
11.60 x   14.11 x 		18.08 x 11.72 x
Day 3 13-01-26 05:00 PM
71.09 x 161.30 x
188.83 x   107.70 x 		101.28 x 105.61 x
Total No of Applications
23,980
Subscription on the basis of Applications
Retail:101.28x BHNI:62x SHNI:100.37x
Defrail Technologies Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
ROE 73.72%
ROCE 24.43%
Debt/Equity 1.27
RoNW 73.72%
PAT Margin 5.49%
Price to Book Value 4.19
Market Cap. 51.98 Cr.
Defrail Technologies Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24
Assets 37.22 33.91 1.22
Revenue 39.08 62.22 0.72
Profit After Tax 1.51 3.42 0.11
Net Worth 10.62 9.12 0.16
Reserves & Surplus 5.46 3.96 0.11
Total Borrowing 11.78 11.56 0.41
About Defrail Technologies Company

Defrail Technologies Limited was founded in October 2023 and is involved in the production of rubber components and parts, such as molded rubber parts, rubber profiles and beadings, and rubber hoses and assemblies. Its products are used in a variety of industries, including the automotive, railroad, and defense sectors. The company provides customers with both standard products and solutions that are specifically designed to meet their operational needs. Defrail Technologies began in 1980 with the founding of Vikas Rubber Industries. In order to provide B2B clients with more capabilities, Impex Hitech Rubber was established in 2008. Through Business Transfer Agreements, both companies were combined into Defrail Technologies Limited on April 1, 2024. In addition to serving the B2G market by delivering goods straight to government agencies like Indian Railways, the company mainly uses a B2B model, fulfilling bulk orders to customers in the automotive industry.

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Defrail Technologies - Promoter(s)

Mr. Vivek Aggarwal

Mr. Abhishek Aggarwal

Ms. Ashi Aggarwal

Mr. Dinesh Aggarwal

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.52%

Defrail Technologies IPO - Issue Objectives
1

Purchase of equipment/machineries

2

Purchase and installation of Solar Panel

3

General corporate purposes

Contact Details

Defrail Technologies

Plot No. 180, Sector 24, Sector 22, Faridabad, Haryana, 121005

0129-4878760

cs@defrailtech.com

https://www.defrailtech.in/

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

Investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues