Defrail Technologies
CLOSEDIPO Date: 9 Jan - 13 Jan 2026
Listing Date: 19 Jan 2026
Price Range
Rs.70 - Rs.74
Issue Size
14 Cr
Min Investment
₹1,12,000
Lot Size
1600 Shares
Schedule of Defrail Technologies
Issue open date
9 Jan 2026
Issue close date
13 Jan 2026
UPI mandate deadline
13 Jan 2026 (5 PM)
Allotment finalization
14 Jan 2026
Share credit
16 Jan 2026
Listing date
19 Jan 2026
Mandate end date
28 Jan 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 14 Cr |
| Fresh Issue | 13.77 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 14 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 18 Jan 2026 | ₹74 | ₹17 | ₹91 (22.97%) |
| 17 Jan 2026 | ₹74 | ₹17 | ₹91 (22.97%) |
| 16 Jan 2026 | ₹74 | ₹10 | ₹84 (13.51%) |
| 15 Jan 2026 | ₹74 | ₹10 | ₹84 (13.51%) |
| 12 Jan 2026 | ₹74 | ₹8 | ₹82 (10.81%) |
| 11 Jan 2026 | ₹74 | ₹6 | ₹80 (8.11%) |
| 10 Jan 2026 | ₹74 | ₹6 | ₹80 (8.11%) |
| 8 Jan 2026 | ₹74 | ₹6 | ₹80 (8.11%) |
| 7 Jan 2026 | ₹74 | ₹0 | ₹74 (0%) |
| 6 Jan 2026 | ₹74 | ₹0 | ₹74 (0%) |
| 5 Jan 2026 | ₹74 | ₹0 | ₹74 (0%) |
| 4 Jan 2026 | ₹74 | ₹0 | ₹74 (0%) |
Performance Defrail Technologies
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.70 - Rs.74 | ₹ 141 (28.38%) | ₹ 76.9 | 3.92% |
About Defrail Technologies
Defrail Technologies Ltd manufactures rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and rubber moulding parts for automotive, railway, and defence applications. The company supplies products such as diesel and petroleum hose pipes, liquefied petroleum gas (LPG) hose pipes, nylon tubes, gaskets, grommets, air intake hoses, aluminium window rubber beadings, ethylene propylene diene monomer (EPDM) rubber profiles, and rubber sponge profiles, and it provides design and customisation based on client requirements. Its operations are primarily business-to-business (B2B), with some sales to government customers such as Railways and Defence through the government e-marketplace (GeM). The company operates two manufacturing plants in Faridabad, Haryana.
| Founded in | 2023 |
| Managing director | Mr Vivek Aggarwal |
| Parent organization |
Financial Overview
Strengths
- Established promoter background with prior operating history in rubber manufacturing.
- In-house manufacturing with two operational plants in Faridabad, Haryana.
- Strong focus on rubber hoses and assemblies with proven demand.
- Customised product offerings across automotive, railways and defence sectors.
- Growing revenues supported by long-term OEM customer relationships.
Risks
- High dependence on rubber hoses and assemblies for the majority of revenue.
- Significant reliance on the automotive sector exposes cyclicality risk.
- Revenue concentration among a limited number of large customers.
- Manufacturing facilities are on leased premises, posing continuity risk.
- Under-utilisation of installed capacity may impact operating margins.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 71.09 |
| Non-Institutional Investors (NIIs) | 119.15 |
| Retail Individual Investors (RIIs) | 99.31 |
| Employee | N/A |
| Total | 97.21 |