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BSE SME Bookbuilding IPO Fresh Capital Closed

Defrail Technologies Ltd IPO 2026

Face Value: ₹10  ·  Lot Size: 1,600 shares  ·  Min Investment: ₹118,400
₹74
Issue Price
+₹8
GMP Today
18,60,800 (100.00%)
Total Shares Offered
₹82
Est. Listing
Allotment Status
📅
Open Date
2026-01-09
📅
Close Date
2026-01-13
🎟️
Allotment
2026-01-14
UPI Mandate
TBA
📱
Listing Date
2026-01-16
🔗
Script Code
TBA
Grey Market Premium (GMP)
LIVE
Current GMP
+₹8
+10.81% vs Issue Price
Estimated Listing: ₹82
Issue Price: ₹74  ·  Lot: 1,600 shares
Expected P&L (1 lot): +₹12,800 on ₹118,400
GMP is unofficial grey market data. It does not guarantee listing price or returns.
Financial Overview
Amount in ₹ Crore
Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 39.08 62.22 0.72
Profit After Tax 1.51 3.42 0.11
EBITDA 3.44 5.78 0.14
Net Worth 10.62 9.12 0.16
Total Assets 37.22 33.91 1.22
Reserves & Surplus 5.46 3.96 0.11
Total Borrowings 11.78 11.56 0.41
Key Financial Ratios
73.72%
ROE
Return on Equity
24.43%
ROCE
Return on Capital Employed
73.72%
RONW
Return on Net Worth
5.49%
PAT Margin
PAT / Revenue
9.29%
EBITDA Mgn
EBITDA / Revenue
1.27
D/E Ratio
Debt to Equity
4.19
P/BV
Price to Book Value
Issue Details
Total Shares Offered
18,60,800 (100.00%)
Net Offer to Public
17,66,400 shares (agg. up to ₹[.] Cr)
Market Maker Reservation
94,400 shares (agg. up to ₹[.] Cr)
Pre-Issue Shareholding
51,63,620 shares%
Post-Issue Shareholding
70,24,420 shares%
Issue Price
₹74
Face Value
₹10
Lot Size
1,600 shares
Listing Exchange
BSE SME
Issue Type
Bookbuilding IPO
Objects of Issue
Purchase of equipment/machineries
Purchase and installation of Solar Panel
General Corporate Purposes
Lead Managers
NEXGEN Financial Solutions Pvt. Ltd
IPO Timeline
Open
2026-01-09
Close
2026-01-13
Allotment
2026-01-14
Listing
2026-01-16
Registrar Details
Maashitla Securities Pvt.Ltd
+91-11-45121795-96
investor.ipo@maashitla.com
Check Allotment Status
Company Information
Email
cs@defrailtech.com
Phone
0129 - 487 8760
Address
Plot no 180, Sector 24, Sector 22, , Faridabad, Haryana, 121005
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.
Quick Facts
GMP Signal
Bullish 🚀
Status
Closed
Issue Price
₹74
Lot Size
1,600 sh
Est. Listing
₹82
Pre-Issue Hold.
51,63,620 shares%
Post-Issue Hold.
70,24,420 shares%
Registrar
Maashitla Securities Pvt.Ltd
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GMP %
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