Defrail Technologies IPO GMP

January 8, 2026 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Defrail Technologies IPO opens for subscription on January 9, 2026, and closes on January 13, 2026, with shares listing on BSE SME on January 16, 2026. The fresh issue raises ₹13.77 crore through 18.61 lakh equity shares priced at ₹70 to ₹74 per share. Defrail Technologies manufactures rubber hoses, profiles, beadings, and moulded parts for automotive, railways, and defence sectors from facilities in Faridabad, Haryana. The Defrail Technologies IPO offers exposure to India’s industrial rubber components demand across strategic sectors.

₹6

Latest IPO GMP

Last updated on 09 Jan 2026 20.40

₹74

IPO Offer Price

*cut off price

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Listing Price

Listing Date 16/01/2026

Expert Opinions

Market sentiment for Defrail Technologies IPO shows cautious optimism among SME investors, drawn to the company’s rapid revenue trajectory and niche positioning in rubber components. Company strengths encompass RDSO certification for railway applications, diversified clientele across automotive and defence sectors, and modern Faridabad manufacturing with in-house tooling capabilities. Risks include raw material price volatility, client concentration risks, execution challenges in capacity expansion, and competition from established players.

Valuation analysis for Defrail Technologies IPO and year 2025 reveals a Return on Equity (ROE) of 73.72%, ROCE of 24.43%, and Net Asset Value (NAV) of ₹17.66, indicating strong profitability though premium P/E warrants scrutiny. Long-term investment perspective favors growth from India’s infrastructure push and Make in India initiatives, suitable for portfolios targeting industrial supply chains over short-term listing speculation.

Investor Considerations

Defrail Technologies IPO investors should note the company’s robust turnaround, with revenue surging over 8,000% to ₹61.77 crore and PAT jumping to ₹3.52 crore in FY 2025 from minimal prior levels. Rubber components sector outlook benefits from automotive localization, railway modernization, and defence indigenization under Atmanirbhar Bharat. Valuation analysis for Defrail Technologies IPO in 2025 indicates Price to Book Value of 4.19, PAT Margin of 5.49%, and Debt/Equity ratio of 1.27, balancing growth aspirations with moderate leverage.

Growth prospects center on ₹9.69 crore capex for machinery and solar installation to boost capacity. Risks include 84% client concentration, raw material inflation, and execution hurdles for a young entity. Long-term horizons capture supply chain localization tailwinds, while short-term goals face SME listing volatility and order book uncertainties.