Defrail Technologies IPO
Defrail Technologies IPO Details
-
Open Date
09 Jan 2026
-
Close Date
13 Jan 2026
-
Listing Date
16 Jan 2026
- IPO Price Range
₹ 70 to ₹74
- IPO Size
₹ 14 Cr
- Listing Exchange
BSE SME
Defrail Technologies IPO Timeline
Defrail Technologies IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 9-Jan-2026 | 0.00 | 0.88 | 1.22 | 0.80 |
| 12-Jan-2026 | 0.00 | 12.10 | 18.08 | 11.64 |
| 13-Jan-2026 | 71.09 | 160.95 | 101.28 | 105.54 |
Last Updated: 13 January 2026 7:24 PM by 5paisa
Defrail Technologies Limited manufactures rubber parts and components, including hoses, assemblies, profiles, beadings, and moulded products for automotive, railways, and defence applications. The company draws on operating roots dating back to 1980, with its legacy businesses consolidated into a single entity effective April 1, 2024. Defrail Technologies primarily operates on a B2B model, supplying bulk orders to automotive clients, while also serving B2G customers such as Indian Railways and the defence sector.
Established in: 2023
Managing Director: Vivek Aggarwal
Peers:
Pentagon Rubber Limited
Gujarat Reclaim & Rubber Products Limited
Defrail Technologies Objectives
1. Purchase of equipment and machinery – ₹7.96 Cr
2. Installation of solar power systems – ₹1.73 Cr
3. General corporate purposes
Defrail Technologies IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹14 Cr |
| Offer For Sale | ₹14 Cr |
| Fresh Issue | - |
Defrail Technologies IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,24,000 |
| Retail (Max) | 2 | 3,200 | 2,36,800 |
| S-HNI (Min) | 3 | 4,800 | 3,36,000 |
| S-HNI (Max) | 8 | 12800 | 9,47,200 |
| B-HNI (Min) | 9 | 14400 | 10,08,000 |
Defrail Technologies IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 0.02 | 2,55,200 | 4,800 | 0.04 |
| Non-Institutional Buyers | 25.96 | 2,68,800 | 69,79,200 | 51.65 |
| bNII (bids above ₹10L) | 27.09 | 1,77,600 | 48,11,200 | 35.60 |
| sNII (bids below ₹10L) | 23.77 | 91,200 | 21,68,000 | 16.04 |
| Individual Investors (IND category bidding for 2 Lots) | 28.82 | 6,24,000 | 1,79,80,800 | 133.06 |
| Total** | 20.00 | 12,48,000 | 2,49,64,800 | 184.74 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 33.62 | 29.30 | 61.76 |
| EBITDA | 2.13 | 0.14 | 5.53 |
| PAT | 0.88 | 0.11 | 3.51 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 11.58 | 1.22 | 31.77 |
| Share Capital | - | 0.50 | 5.16 |
| Total Liabilities | 7.04 | 0.65 | 18.32 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 2.33 | -0.05 | 2.07 |
| Net Cash Generated From / (used in) Investing Activities | - 0.25 | - 0.29 | - 9.53 |
| Net Cash Generated From / (used in) Financing Activities | - 1.40 | 0.46 | 7.47 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.69 | 0.12 | 0.01 |
Strengths
1. Seasoned leadership with strong industry experience
2. RDSO-certified vendor enhancing credibility and trust
3. Wide product portfolio serving diverse applications
4. Robust customer, supplier ties and in-house R&D
Weaknesses
1. Exposure to volatile raw material pricing
2. Rising regulatory and environmental compliance burden
3. Dependence on third-party suppliers for inputs
4. Challenges in continuous technology upgradation
Opportunities
1. Growing demand from industrial and infrastructure sectors
2. Expansion driven by automotive industry growth
3. Strong potential to scale exports globally
4. Increasing adoption of eco-friendly product solutions
Threats
1. Intensifying competition across key markets
2. Raw material shortages and price instability
3. Emergence of substitute and alternative materials
4. Economic volatility and regulatory pressure risks
1. Well-positioned to benefit from infrastructure and rail sector modernisation
2. Rising demand for certified, safety-critical engineering solutions
3. Scalability supported by multi-industry product applications
4. Innovation-led growth through in-house testing and development capabilities
1. Global growth moderating amid trade barriers and policy uncertainty
2. Elevated interest rates likely to persist despite gradual easing
3. EMDE growth slowing, led by weaker investment momentum
4. Long-term upside from green, digital, and structural reforms
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FAQs
Defrail Technologies IPO opens from January 9, 2026 to January 13, 2026.
The size of Defrail Technologies IPO is approximately ₹TBA.
The price band of Defrail Technologies IPO is fixed at ₹TBA per share.
To apply for Defrail Technologies IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Defrail Technologies. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size is TBA shares, requiring an investment of approximately ₹TBA.
The share allotment date of Defrail Technologies IPO is January 12, 2026.
The Defrail Technologies IPO will likely be listed on January 16, 2026.
NEXGEN Financial Solutions Private Limited is the book-running lead manager.
The Defrail Technologies IPO aims to support expansion, strengthen operations, and meet funding requirements.
1. Expand manufacturing capacity and business scale
2. Invest in subsidiaries and working capital needs
3. Support general corporate purposes