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Defrail Technologies IPO
₹1,12,000/1,600 shares
Minimum Investment
IPO Details
09 Jan 26
13 Jan 26
₹1,12,000
1,600
₹70 to ₹74
BSE
₹14 Cr
16 Jan 26
Defrail Technologies IPO Timeline
Bidding Start
09 Jan 26
Bidding Ends
13 Jan 26
Allotment Finalisation
14 Jan 26
Refund Initiation
15 Jan 26
Demat Transfer
15 Jan 26
Listing
16 Jan 26
About Defrail Technologies Limited
Incorporated in October 2023, Defrail Technologies Limited specialises in manufacturing rubber components including hoses, moulded parts, and profiles. Catering mainly to automotive, railways, and defence sectors, the company supplies standard and customised solutions. The business consolidates earlier entities, Vikas Rubber Industries and Impex Hitech Rubber, to leverage operational efficiency. With two ISO-certified manufacturing plants in Faridabad, Haryana, Defrail ensures quality production while serving both B2B and B2G segments, including Indian Railways and defence authorities.
Defrail Technologies Limited IPO Overview
Defrail Technologies IPO is a book-building issue of 18,60,800 shares, entirely as a fresh issue. The IPO opens for subscription on 9 January 2026 and closes on 13 January 2026. Shares are proposed to list on BSE SME with a tentative listing date of 16 January 2026. NEXGEN Financial Solutions Pvt. Ltd. is the lead manager and Maashitla Securities Pvt. Ltd. is the registrar. The IPO offers a lot size of 3,000 shares with a minimum investment of ₹62,400. Market maker allocation is 94,400 shares. The IPO timetable includes allotment on 14 January, refunds and demat transfer on 15 January, and listing on 16 January 2026.
Defrail Technologies Limited IPO Details
| Particulars | Details |
| IPO Date | 9 January 2026 to 13 January 2026 |
| Listing Date | 16 January 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹[.] to ₹[.] per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 18,60,800 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 18,60,800 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,63,620 shares |
| Share Holding Post Issue | 70,24,420 shares |
| Market Maker Portion | 94,400 shares |
Defrail Technologies Limited IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 94,400 (5.07%) |
| QIB | 8,73,600 (46.95%) |
| – Anchor Investor | 5,18,400 (27.86%) |
| – QIB (Ex Anchor) | 3,55,200 (19.09%) |
| NII (HNI) | 2,68,800 (14.45%) |
| Retail | 6,24,000 (33.53%) |
| Total Shares | 18,60,800 (100%) |
Defrail Technologies Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3,000 | ₹62,400 |
| Retail (Max) | 1 | 3,000 | ₹62,400 |
| HNI (Min) | 2 | 6,000 | ₹1,24,800 |
Defrail Technologies Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100% |
| Post-Issue | TBD |
Defrail Technologies Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 2.96 |
| Price/Earnings (P/E) Ratio | 11.76 |
| Return on Net Worth (RoNW) | 73.72% |
| Net Asset Value (NAV) | 20.36 |
| Return on Equity | 73.72% |
| Return on Capital Employed | 24.43% |
| EBITDA Margin | 9.29% |
| PAT Margin | 5.49% |
| Debt to Equity Ratio | 1.27 |
Objectives of the Proceeds
- Purchase of equipment and machineries – ₹7.96 Cr
- Purchase and installation of solar panels – ₹1.73 Cr
- General corporate purposes – Amount not specified
Key Financials (₹ Crore)
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 37.22 | 33.91 | 1.22 |
| Revenue | 39.08 | 62.22 | 0.72 |
| Profit After Tax | 1.51 | 3.42 | 0.11 |
| Reserves and Surplus | 5.46 | 3.96 | 0.11 |
| Total Borrowings | 11.78 | 11.56 | 0.41 |
SWOT Analysis of Defrail Technologies IPO
Strength and Opportunities
- Experienced management with strong industry knowledge
- Diversified product range serving multiple industries
- RDSO-approved vendor for Indian Railways
- Strong supplier and customer relationships
- In-house R&D supporting product innovation
Risks and Threats
- Limited brand recognition due to recent consolidation
- High dependence on automotive and government sectors
- Moderate financial leverage with Debt/Equity 1.27
- Competition from established rubber manufacturers
- Potential raw material price volatility
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About Defrail Technologies Limited
Defrail Technologies IPO Strengths
- Experienced management with strong knowledge of industry operations
- Diversified product range catering to multiple sectors
- RDSO-approved vendor for Indian Railways
- Strong supplier and customer relationships supporting consistent business
- In-house R&D supporting product quality and innovation
- Well-established manufacturing facilities with ISO certifications
Defrail Technologies IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
| Defrail Technologies Ltd. | 2.96 | 2.96 | 20.36 | 11.76 | 73.72 | – |
| Peer Group | ||||||
| Pentagon Rubber Limited | 0.82 | 0.82 | 4.22 | 86.59 | 1.95 | 17.75 |
| Grp Limited | 6.36 | 6.36 | 36.14 | 265.72 | 1.73 | 77.67 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Defrail Technologies IPO
How can I apply for Defrail Technologies IPO?
You can apply via HDFC SKY using UPI-based ASBA for a smooth and secure subscription.
What is the lot size for the retail category
The retail lot size is 3,000 shares with a minimum investment of ₹62,400.
When will Defrail Technologies' IPO shares be listed?
The shares are expected to be listed on BSE SME on 16 January 2026.
Who is the lead manager of this IPO?
NEXGEN Financial Solutions Pvt. Ltd. is the lead manager for the Defrail Technologies IPO.
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