Defrail Technologies IPO Details

SME

Defrail Technologies IPO opens for subscription on 09 Jan 2026 and closes on 13 Jan 2026. The IPO will be listed on BSE with the tentative listing date set for 16 Jan 2026.

Defrail Technologies IPO price band has been fixed at ₹70 – ₹74 per share.The face value is ₹10 per share with a lot size of 1600.

Defrail Technologies IPO total issue size comprises 18,60,800 shares (aggregating up to ₹13.77 Cr). This includes a fresh issue of 18,60,800 shares (aggregating up to ₹13.77 Cr). Pre-issue shareholding stands at 51,63,620, which will increase to 70,24,420 post-issue.

Defrail Technologies IPO carries a ₹10 (13.51%) GMP, reflecting investor sentiment.

Defrail Technologies IPO Lot Size : Individual Minimum is 2 lots (3,200 shares) amounting to ₹236,800. Individual Maximum is 2 lots (3,200 shares) amounting to ₹236,800. SHNI Minimum is 3 lots (4,800 shares) amounting to ₹355,200. SHNI Maximum is 8 lots (12,800 shares) amounting to ₹947,200. BHNI Minimum is 9 lots (14,400 shares) amounting to ₹1,065,600.

The Lead Managers for Defrail Technologies IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is NEXGEN Financial Solutions Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Nikunj Stock Brokers. You can analyze their track record by checking the Market Maker Performance Summary report.

For detailed information, Refer to the Defrail Technologies Limited RHP.

Defrail Technologies IPO Details

Open Date

09 Jan 2026

Close Date

13 Jan 2026

Listing Date

16 Jan 2026

Issue Price

₹70 - ₹74

Face Value

₹10 per share

Lot Size

1600

GMP

₹10 (13.51%)

Issue Type

IPO

Listing On

BSE

Type

Book Built Issue

Share holding pre issue

5163620

Share holding post issue

7024420

Total Issue Size

18,60,800 shares (aggregating up to ₹13.77 Cr)

Fresh Issue

18,60,800 shares (aggregating up to ₹13.77 Cr)

Offer for Sale

Defrail Technologies IPO Subscription

Defrail Technologies IPO Application Wise Breakup

Defrail Technologies IPO Dates

09 Jan 2026
Opening dateOpen
13 Jan 2026
Closing dateClose
14 Jan 2026
Allotment Date Allotment
15 Jan 2026
Initiation of RefundsRefund
15 Jan 2026
Credit of SharesCredit
16 Jan 2026
Listing dateListing

Defrail Technologies IPO Lot Size

Application	Lots	Shares	Amount
Individual Minimum	2	3200	₹236,800
Individual Maximum	2	3200	₹236,800
SHNI Minimum	3	4800	₹355,200
SHNI Maximum	8	12800	₹947,200
BHNI Minimum	9	14400	₹1,065,600

Defrail Technologies IPO Reservation

Promoter Holding

Pre Issue:100%

Post Issue:73.52%

Promoter Names:

Mr. Vivek Aggarwal, Mr. Abhishek Aggarwal, Ms. Ashi Aggarwal, Mr. Dinesh Aggarwal

Documents

› Defrail Technologies IPO DRHP

› Defrail Technologies IPO RHP

› Anchor Investors in Defrail Technologies IPO

Defrail Technologies IPO Valuations

ROE:73.72%

ROCE:24.43%

DEBT/EQUITY:1.27

RONW:73.72%

PAT MARGIN:5.49%

Defrail Technologies Financial Information

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024
Assets	37.22	33.91	1.22
Total Income	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
Reserves and Surplus	5.46	3.96	0.11
Total Borrowing	11.78	11.56	0.41
Amount in ₹ Crore

About Defrail Technologies IPO

Defrail Technologies Limited was incorporated in October 2023 and is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber products. The Company’s products are used across automotive, railways, and defence applications, and it offers both standardised products and customised solutions aligned to customer-specific operating requirements.

Background and Evolution

Defrail Technologies traces its origins to Vikas Rubber Industries, established in 1980, followed by the incorporation of Impex Hitech Rubber in 2008 to expand B2B manufacturing capabilities. Pursuant to Business Transfer Agreements, both legacy businesses were consolidated into Defrail Technologies Limited effective April 1, 2024, creating a unified operating platform with enhanced scale and capabilities.

Business Model

The Company primarily operates on a B2B model, supplying bulk orders to customers in the automotive sector, while also serving the B2G segment by supplying products directly to government authorities, including Indian Railways and the Defence establishments. Defrail is ISO 9001:2015 certified and is registered on the Government e-Marketplace (GeM), enabling participation in government procurement and vendor programs.

Manufacturing Infrastructure

Defrail operates two manufacturing facilities in Faridabad, Haryana:

Neemka, Tigaon Road, Sector 71 – ~2,420 sq. yards
Sector 24, Faridabad – ~4,833.33 sq. yards

These plants are equipped with advanced machinery to manufacture a broad range of products, including diesel and petroleum hose pipes, LPG hose pipes, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponge rubber products, and aluminium window rubber beadings.

Human Resources

As of November 30, 2025, the Company employed 298 permanent employees, supporting manufacturing, quality, operations, sales, and administrative functions.

With its consolidated legacy, diversified product portfolio, certified quality systems, and strong presence across B2B and B2G segments, Defrail Technologies Limited is positioned to serve critical rubber component requirements across multiple end-use industries.

Strength Of Defrail Technologies IPO

Good track record.
Effective market anticipation.
Cordial relations with its clients.
Emerging segment in India.

Risk Of Defrail Technologies IPO

Inaccuracies in the Chartered Engineer Certificate may affect the reliability of disclosures Company's reputation, compliance requirements and its ability to provide timely and accurate information.
The company is majorly dependent on the Rubber Hose and Assemblies products, any decline in the demand for these products can affect its revenue and result of operations.
The company is majorly dependent on the performance of the Automobile Sector in India. Any adverse changes in the conditions affecting these markets can adversely impact on its business, results of operations and financial condition.
Under-utilization of the company's current manufacturing facility and any inability to effectively utilize its proposed manufacturing capacity could have an adverse effect on the company's business, future prospects, and future financial performance.
The property used by the company as its registered office and manufacturing facility are not owned by the company. Any termination of the relevant lease/ rent agreements could adversely affect its operations.
The company is dependents on a limited number of customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company's major customers may adversely affect its business, financial condition, results of operations and prospects.
The company's Top 10 Suppliers contribute a significant portion of its raw material. Any dispute with one or more of them may adversely affect the company's business operations
The company has significant power requirements for continuous running of its manufacturing units. Any disruption to our operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on the company's business, results of operations and financial condition.
Extensive government regulation and the impact of rubber products and components on the environment could have a severe impact on the company's ability to continue its business operations, which could adversely affect the company's business, results of operations and financial condition.
The company has negative cash flows in the past and may continue to have negative cash flows in the future.