Defrail Technologies IPO Receives Exceptional Response, Subscribed 105.45x on Day 3

Defrail Technologies Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third day of subscription. The stock price band is set at ₹70-74 per share. The ₹13.77 crore IPO reached 105.45 times by 5:00:00 PM on day three. This indicates exceptional investor interest in this company engaged in manufacturing rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts, incorporated in October 2023.

Defrail Technologies IPO subscription reached exceptional 105.45 times on day three. It was led by Non-Institutional Investors (160.93x), Individual Investors (101.11x), and Qualified Institutional Buyers Ex-Anchor (71.09x). Total applications reached 24,020.

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Subscription Status of Amagi Media Labs IPO:

Here are the subscription details for Defrail Technologies IPO as of Day 3 (January 13, 2026, 5:00:00 PM):

Key Highlights - Day 3:

• Overall subscription reached exceptional 105.45 times, showing extraordinary improvement from day two's 11.64 times
• Non-institutional investors displaying exceptional interest at 160.93 times, building dramatically from day two's 12.10 times, indicating unprecedented HNI demand for this rubber parts manufacturer
• Individual investors showing exceptional confidence at 101.11 times, building substantially from day two's 18.08 times, indicating extraordinary retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) displaying exceptional performance at 71.09 times, building dramatically from day two's 0.00 times, indicating very strong institutional appetite
• Total applications reached 24,020, showing strong investor participation for this SME IPO, a massive increase from day two's applications
• Cumulative bid amount reached ₹973.86 crores, significantly exceeding the net offer size of ₹13.07 crores (excluding anchor and market maker portions) by over 74 times
• Anchor investors fully subscribed their allocation of ₹3.84 crores on January 8, 2026
• Market makers fully subscribed their allocation of ₹0.70 crores

Key Highlights - Day 2:

• Overall subscription reached exceptional 11.64 times, showing extraordinary improvement from day one's 0.80 times
• Individual investors displaying exceptional confidence at 18.08 times, building substantially from day one's 1.22 times
• Non-institutional investors showing exceptional interest at 12.10 times, building substantially from day one's 0.88 times
• Qualified institutional buyers displaying negligible performance at 0.00 times, unchanged from day one's 0.00 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.80 times, showing cautious initial investor interest
• Individual investors displaying moderate confidence at 1.22 times, indicating measured retail interest
• Non-institutional investors showing weak performance at 0.88 times, indicating weak HNI appetite
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest

About Defrail Technologies Limited

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.