Defrail Technologies IPO Details
The key details of Defrail Technologies’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹13.77 Cr |
| Price Range | ₹70 - ₹74 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 3,200 |
| Investment (cut-off price) | ₹2,36,800 |
| Pre IPO Promotor Holding | 100% |
| Post IPO Promotor Holding | 73.52% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Defrail Technologies IPO Timelines
The IPO process for Defrail Technologies includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
09/01/2026
Start Date13/01/2026
End Date15/01/2026
Refund Initiation15/01/2026
Credit of Shares to Demat Ac16/01/2026
Listing DateDefrail Technologies IPO Lot Size
The Defrail Technologies IPO has a fixed lot size of 1,600 shares, at an upper price band of ₹74 per share. For retail investors, the minimum and maximum application is 3,200 shares (2 lots) amounting to ₹2,36,800. For Small HNI (S-HNI) investors, the minimum application is 4,800 shares (3 lots) worth ₹3,55,200, while the maximum is 12,800 shares (8 lots) amounting to ₹9,47,200. Big HNI (B-HNI) investors need to apply for at least 14,400 shares (9 lots), totaling ₹10,65,600.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | ₹2,36,800 |
| Retail Maximum | 2 | 3200 | ₹2,36,800 |
| S-HNI Minimum | 3 | 4800 | ₹3,55,200 |
| S-HNI Maximum | 8 | 12800 | ₹9,47,200 |
| B-HNI Minimum | 9 | 14400 | ₹10,65,600 |
Defrail Technologies IPO Subscription Status
The subscription status for Defrail Technologies IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Defrail Technologies IPO Company Financials
Defrail Technologies reports robust performance in FY2025 with Total Income of ₹62.22 crores, managing expenses at ₹58.24 crores, and achieving a strong PAT (Profit After Tax) of ₹3.42 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2024 | ₹0.72 | ₹0.57 | ₹0.11 |
| FY 2025 | ₹62.22 | ₹58.24 | ₹3.42 |
| FY 2026 (6 M) | ₹39.08 | ₹36.48 | ₹1.51 |
About Company
Defrail Technologies Limited, incorporated in October 2023, operates in the manufacturing of rubber parts and components such as rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts. Products serve industries including automotive, railways, and defence, with offerings covering both standard and customised solutions based on client requirements. The business traces origins to Vikas Rubber Industries established in 1980 and Impex Hitech Rubber formed in 2008, both of which were consolidated into Defrail Technologies Limited on April 1, 2024 through Business Transfer Agreements. Operations follow a B2B model with bulk supplies to automotive clients, alongside B2G engagements supplying directly to government authorities including Indian Railways and the Defence sector.
Manufacturing activities are carried out at two facilities located in Faridabad, Haryana, one at Neemka, Tigaon Road, Sector 71 and another at Sector 24, equipped with advanced machinery for producing a wide range of rubber products such as hose pipes, tubes, gaskets, grommets, profiles, sponges, and aluminium window rubber beadings. The company holds ISO 9001:2015 certification for quality management systems and is registered on the Government e Marketplace for participation in public procurement. As of November 30, 2025, the workforce includes 298 permanent employees supporting production and operations.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2023 | Rubber | Vivek Aggarwal |
Know Before Investing
Defrail Technologies IPO Strengths
- Defrail Technologies produces custom rubber and polymer‑based components for high‑reliability applications in automotive, railways, defence, and industrial sectors, leveraging design customisation and application‑specific engineering.
- Products serve automotive (precision seals, mounts), railways (vibration dampers), defence (shock absorbers), and industrial sectors, reducing single‑industry risk.
- Two facilities in Haryana support scalable production, quality control, and rapid prototyping for B2B OEM clients.
- Strong promoter background with focus on operational execution and capex‑led growth, as highlighted by lead manager Nexgen.
Defrail Technologies IPO Risks
- Top customer contributed ~84% of FY25 revenue, creating high vulnerability to order fluctuations or relationship risks with that single client.
- Manufacturing custom components involves inventory and credit exposure; capex focus may further strain liquidity if receivables delay.
- Dependence on rubber, polymers, and chemicals exposes margins to input cost swings without guaranteed pass‑through to OEM clients.
- Faces larger automotive/rail OEM suppliers and regional players, potentially pressuring pricing and market share.
- Automotive and railway demand is cyclical, tied to economic growth, capex cycles, and government tenders.
- Defence/rail/auto sectors demand stringent quality norms; any non‑compliance could lead to penalties or lost contracts.
Swot Analysis for Defrail Technologies IPO
Strengths
Rubber Component Manufacturing Expertise, Integrated Manufacturing Facilities, B2B Focus with OEM Relationships
Weaknesses
Product Concentration Risk, Geographic Concentration, Supplier Dependency
Opportunities
Railway Modernisation Demand, Defence Localisation Push, Value-Added Engineering
Threats
Capacity Utilisation Challenges, Leased Facility Dependence, Commodity Rubber Price Volatility
Company Details
Defrail Technologies Ltd.
Plot no. 180, Sector 24, Faridabad Sector 22, Faridabad, Haryana, 121005
Phone: 0129 – 487 8760
Email: cs@defrailtech.com
Website: https://www.defrailtech.in/
IPO Registar Details
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
FAQs
The key objectives of Defrail Technologies SME IPO are:
- Purchase of equipment/machineries
- Purchase and installation of Solar Panel
- General Corporate Purposes
NEXGEN Financial Solutions Pvt. Ltd. is the book-running lead managers for the Defrail Technologies IPO.
Defrail Technologies shows strong growth potential as a young rubber and engineered polymer manufacturer supplying automotive railways and defence sectors, supported by India’s capex push and Make in India. Capacity and solar investments can lift efficiency and scale, while the acquired legacy businesses and promoter execution provide operating continuity despite customer concentration risk.
The issue price for the Defrail Technologies IPO is set between ₹70 to ₹74 per share.
To invest in two lot of Defrail Technologies IPO, you need ₹2,24,000 at the lower price band (₹70 per share) or ₹2,36,800 at the upper price band (₹70 per share) for a lot size of 3200 shares.
Defrail Technologies IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on January 16, 2025.
Refund/unblocking of funds for Defrail Technologies IPO will begin on January 15, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Defrail Technologies IPO shares on listing day (January 16, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.