Defrail Technologies is entering the public markets through SME IPO with an issue size of ₹13.77 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on BSE & SME.
The IPO subscription window opens on January 9, 2026 and will remain open until January 13, 2026. The company plans to list its shares on January 19, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Defrail Technologies Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Defrail Technologies that investors generally review before applying.
IPO Details at a Glance
| Company Name | Defrail Technologies |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹74 Per Share |
| Lot Size | 1,600 Shares |
| Face Value | ₹10 Per Share |
| Exchange | BSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 94,400 | 5.07% |
| Qualified Institutional Buyers (QIB) | 873,600 | 46.95% |
| — Anchor Investor | 518,400 | 27.86% |
| — QIB (Ex Anchor) | 355,200 | 19.09% |
| NII (HNI) | 268,800 | 14.45% |
| — bNII > ₹10L | 177,600 | 9.54% |
| — sNII < ₹10L | 91,200 | 4.90% |
| Retail | 624,000 | 33.53% |
| Total Shares Offered | 1,860,800 | 100.00% |
Defrail Technologies IPO Important Dates
The following table highlights the key dates for the Defrail Technologies IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 09 Jan 2026 |
|---|---|
| IPO Closing Date | 13 Jan 2026 |
| Allotment Finalization | 14 Jan 2026 |
| Initiation of Refunds | 15 Jan 2026 |
| Credit of Shares | 15 Jan 2026 |
| IPO Listing Date | 19 Jan 2026 |
Defrail Technologies IPO Size & Structure
| Total IPO Size | ₹13.77 Crore |
|---|---|
| Fresh Issue | ₹13.77 Crore |
Defrail Technologies IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Defrail Technologies IPO, which is a fixed price IPO priced at ₹74 per share.
Investors can apply for the IPO with a minimum of 1600 shares. Applications must be made in multiples of 1600 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 9 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹74 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹74 | ₹236,800 |
| Retail (Max) | 2 | 3,200 | ₹74 | ₹236,800 |
| S-HNI (Min) | 3 | 4,800 | ₹74 | ₹355,200 |
| S-HNI (Max) | 8 | 12,800 | ₹74 | ₹947,200 |
| B-HNI | 9 | 14,400 | ₹74 | ₹1,065,600 |
Defrail Technologies IPO GMP (Grey Market Premium)
The latest Defrail Technologies IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Defrail Technologies IPO GMP is ₹17 (22.97%), compared to the IPO issue price of ₹74. Based on the current GMP, the expected listing price is around ₹91. The Lowest GMP was ₹0 on 07 Jan 2026, while the highest GMP reached ₹17 on 19 Jan 2026.
Defrail Technologies IPO was listed on the stock exchange on 19 Jan 2026. The IPO was subscribed 97 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹17 (22.97%).Listing Details:
- Issue Price: ₹74 per share.
- Listing Price: ₹95.00 (approx. 28.38% gain)
- Listing Date: 19 Jan 2026
Defrail Technologies IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 19 Jan 2026 | ₹74 | ▲ ₹17 | ▲ 22.97% | ₹91 | ₹54,400 |
| 17 Jan 2026 | ₹74 | ₹10 | 13.51% | ₹84 | ₹32,000 |
| 16 Jan 2026 | ₹74 | ▲ ₹10 | ▲ 13.51% | ₹84 | ₹32,000 |
| 13 Jan 2026 | ₹74 | ▼ ₹8 | ▼ 10.81% | ₹82 | ₹25,600 |
| 12 Jan 2026 | ₹74 | ▲ ₹16 | ▲ 21.62% | ₹90 | ₹51,200 |
| 10 Jan 2026 | ₹74 | ₹6 | 8.11% | ₹80 | ₹19,200 |
| 09 Jan 2026 | ₹74 | ▲ ₹6 | ▲ 8.11% | ₹80 | ₹19,200 |
| 08 Jan 2026 | ₹74 | ▲ ₹5 | ▲ 6.76% | ₹79 | ₹16,000 |
| 07 Jan 2026 | ₹74 | ₹0 | 0% | ₹74 | ₹0 |
| 06 Jan 2026 | ₹74 | ₹0 | 0% | ₹74 | ₹0 |
| 05 Jan 2026 | ₹74 | ₹0 | 0% | ₹74 | ₹0 |
Defrail Technologies IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Defrail Technologies fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Defrail Technologies IPO.
Defrail Technologies IPO Subscription Status
Defrail Technologies IPO was subscribed 97 times overall on the final day of bidding (as of 13 Jan 2026).The subscription opened on 09 Jan 2026. The Retail portion was subscribed 98.97 times, while QIB and NII categories were subscribed 71.09 times and 118.96 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 09 Jan 2026 | — | 0.65x | 1.22x | — | 0.74x |
| 12 Jan 2026 | — | 9.22x | 18.08x | — | 10.9x |
| 13 Jan 2026 | 71.09x | 118.96x | 98.97x | — | 97x |
The Defrail Technologies IPO opened with strong demand on Day-1, supported by active participation from Retail and NII investors.
On Day-2, subscription levels for the Defrail Technologies IPO rose sharply due to heavy bidding from Retail, followed by NII investors.
By the end of the bidding period, the IPO was subscribed 97x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail and QIB investors. Overall subscription for the Defrail Technologies IPO increased from 0.74x on Day-1 to 97x by the final day.
Defrail Technologies IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 71.09x |
| Non-Institutional Investors (NII) | 119.34x |
| Retail Investors | 100.62x |
| Total | 97.87x |
Defrail Technologies IPO Allotment Status
The Defrail Technologies IPO allotment status was released on 14 Jan 2026. Investors who applied for the IPO can now check their Defrail Technologies allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 14 Jan 2026
- 📈 Listing Date: 19 Jan 2026
How to Check Defrail Technologies IPO Allotment Status Online?
Investors can check the Defrail Technologies IPO allotment status online through Maashitla Securities Pvt. Limited and BSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Maashitla Securities Pvt.
to know more about the IPO registrar.
Check on Maashitla Securities Pvt. Limited (IPO Registrar)
- Visit → Maashitla Securities Private Limited
- Select Defrail Technologies
- Select
- Enter the relevant details to proceed further
- Click Submit to view allotment status
Check on BSE (Bombay Stock Exchange) Website
- Visit → BSE Website.
- Select Issue Type: Equity.
- Choose Defrail Technologies IPO.
- Enter your PAN or Application Number.
- Click on Search button.
The Bombay Stock Exchange (BSE) also allows investors to check the Defrail Technologies IPO allotment status online.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Defrail Technologies IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Defrail Technologies debuted at ₹95, listing at a premium of +₹21 (+28.38%). The stock closed at ₹90.25, gaining -5.00%. Investors earned a profit of +₹26,000 per lot.
📌 IPO Issue Price and Lot Size
The IPO of Defrail Technologies was offered in the price band of ₹74 to ₹74 per share.
- The final issue price was fixed at ₹74.
- One lot consisted of 1600 shares.
- Minimum investment: ₹74 × 1600 = ₹118,400
- Investment after Day-1: ₹90.25 × 1600 = ₹144,400
- By the end of the listing session, investors made a profit of +₹26,000 per lot.
📌 IPO Subscription Analysis
Backed by robust demand of 97× and institutional subscription of 71.09×, the IPO witnessed a bumper listing. The stock debuted at 28.38% and closed at 21.96%, highlighting exceptional investor confidence.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0x | 0.65x | 1.22x | 0.74x |
| Day 2 | 0x | 9.22x | 18.08x | 10.9x |
| Day 3 | 71.09x | 118.96x | 98.97x | 97x |
📌 Final Assessment
Overall Outcome: Outstanding IPO
- Subscription Phase: High investor participation
- Listing Phase: Bumper listing performance
- Investor Experience: Strong short-term gains for investors
About Defrail Technologies Limited
Incorporated in October 2023, Defrail Technologies Limited is engaged in the business of manufacturing rubber parts and components.
IPO Financial Summary
- Total Assets changed by 2679.51% in FY 2024-2025.
- Total Revenue changed by 8541.67% in FY 2024-2025.
- Profit After Tax changed by 3009.09% in FY 2024-2025.
- Reserves & Surplus changed by 3500% in FY 2024-2025.
- Total Borrowings changed by 2719.51% in FY 2024-2025.
| Metric | 2025-09-30 | 2025-03-31 | 2024-03-31 |
|---|---|---|---|
| Total Assets (₹ Cr) | 37.22 | 33.91 | 1.22 |
| Total Revenue (₹ Cr) | 39.08 | 62.22 | 0.72 |
| Profit After Tax (₹ Cr) | 1.51 | 3.42 | 0.11 |
| Reserves & Surplus (₹ Cr) | 5.46 | 3.96 | 0.11 |
| Total Borrowings (₹ Cr) | 11.78 | 11.56 | 0.41 |
Defrail Technologies Peer Comparison
The following table helps investors compare Defrail Technologies IPO with its listed peers based on important financial and valuation parameters as of March 28, 2025.
| # | Company Name | EPS (₹) | P/E (x) | NAV (₹) | P/BV (x) | RoNW (%) |
|---|---|---|---|---|---|---|
| 1 | Defrail Technologies Limited | 2.96 | - | 20.36 | - | 11.76 |
| 2 | Pentagon Rubber Limited | 0.82 | 86.59 | 4.22 | 17.75 | 1.95 |
| 3 | Grp Limited | 6.36 | 265.72 | 36.14 | 77.67 | 1.73 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹11.43 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Purchase of equipment/machineries | 7.96 | 69.64% |
| 2 | Purchase and installation of Solar Panel | 1.73 | 15.14% |
| 3 | General Corporate Purposes | 1.74 | 15.22% |
| Total | 11.43 | 100% | |
Defrail Technologies IPO Promoter Holding
| Promoter(s) | Mr. Vivek Aggarwal, Mr. Abhishek Aggarwal, Ms. Ashi Aggarwal, and Mr. Dinesh Aggarwal |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | 73.51% |
Defrail Technologies IPO FAQs
The Defrail Technologies IPO is a SME Bookbuilding IPO with a total issue size of ₹13.77 crore. The issue consists of a fresh issue of ₹13.77 crore.
The IPO will open for subscription on Fri, 09 Jan 2026 and will close on Tue, 13 Jan 2026.
The shares are being offered at a fixed issue price of ₹74 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,600 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹236,800.
The shares of Defrail Technologies are expected to be listed on BSE & SME on Mon, 19 Jan 2026.
The Grey Market Premium (GMP) of Defrail Technologies IPO is ₹17.
The expected listing price of Defrail Technologies IPO is around ₹91 based on current GMP. This indicates a potential return of approximately 22.97% , with an estimated profit of ₹27,200 per lot, subject to market conditions.
The Defrail Technologies IPO was subscribed 97.87 times on the final day of subscription.
The retail portion is subscribed 98.97 times as of 13 Jan 2026.
The QIB portion is subscribed 71.09 times and the NII portion is subscribed 118.96 times .
The IPO registrar of Defrail Technologies is Maashitla Securities Pvt. Limited. Maashitla is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Wed, 14 Jan 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Wed, 14 Jan 2026 on the registrar or exchange website.
Shares are expected to be credited by Thu, 15 Jan 2026.
Refunds for unsuccessful applicants will be initiated on Thu, 15 Jan 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Defrail Technologies IPO is listed on BSE.
The current share price of Defrail Technologies Limited is ₹105.95. The stock opened at ₹107.00, hit a high of ₹107.00 and a low of ₹103.50.
Defrail Technologies Limited share price has increased by ₹0.45 (0.43%) compared to the previous close. The stock has gained 11.53% from its listing price of ₹95.00 on BSE.
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