Defrail Technologies Limited Link 
Allotment
Defrail Technologies Limited is set to open its IPO on January 9, 2026, with the issue closing on January 13, 2026. The IPO is a book-building issue, through which the company plans to raise approximately ₹[.] crores, comprising a fresh issue of ₹[.] crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The IPO price band is ₹[.] to ₹[.] per share, with allocation divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
The IPO is scheduled to be listed on the BSE on January 16, 2026, with the allotment results expected on January 14, 2026.
Financial Performance:
Revenue increased sharply to ₹62.22 crores in FY 2025, up from ₹0.72 crores in FY 2024.
Profit after tax (PAT) rose to ₹3.42 crores in FY 2025, compared to ₹0.11 crores in FY 2024.
Given the strong financial growth, the IPO is suggested for investors with a long-term investment horizon.
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Open
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HIgh - Low
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Previous Close
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Total Traded Value
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52 Weeks High
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52 Weeks Low
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Updates On
Jan 5, 2026
IPO. Open
Jan 9, 2026
IPO. Close
Jan 13, 2026
IPO. Price
₹74.00
IPO Market price
₹51.98 Cr
IPO Details
| IPO Date | 16 Jan |
| IPO Listing Date | 16 Jan |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹74.00 |
| IPO Issue Size | 18,60,800 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 51,63,620 shares |
IPO Timeline
| IPO Open Date | 9 Jan |
| IPO Close Date | 13 Jan |
| IPO Allotment (Tentative) | 14 Jan |
| Refunds | 15 Jan |
| Credit to Demat Account | 15 Jan |
| IPO Listing Date | 16 Jan |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 8,73,600 |
| NII (HNI) Shares Offered | 2,68,800 |
| Retail Shares Offered | 6,24,000 |
IPO Lot Size
Investors can bid for a minimum of 3,200 shares, and thereafter in multiples of 1,600 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,36,800 |
| Retail (Max) | 2 | 3,200 | ₹2,36,800 |
| S-HNI (Min) | 3 | 4,800 | ₹3,55,200 |
| S-HNI (Max) | 8 | 12,800 | ₹9,47,200 |
| B-HNI (Min) | 9 | 14,400 | ₹10,65,600 |
Incorporated in October 2023, Defrail Technologies Limited is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts. Its products serve industries such as automotive, railways, and defence, offering both standard products and customized solutions tailored to clients’ operational needs.
The company traces its origins to 1980 with Vikas Rubber Industries, followed by Impex Hitech Rubber in 2008 to expand B2B capabilities. On April 1, 2024, both businesses were consolidated into Defrail Technologies Limited through Business Transfer Agreements. The company primarily follows a B2B model, supplying bulk orders to automotive clients, while also serving the B2G segment, including Indian Railways and Defence.
Manufacturing Facilities:
Defrail Technologies operates two plants in Faridabad, Haryana:
Neemka, Tigaon Road, Sector 71 – 2,420 sq. yards
Sector 24, Faridabad – 4,833.33 sq. yards
These facilities are equipped with advanced machinery to produce a wide range of rubber products, including:
Diesel and petroleum hose pipes
LPG hose pipes
Nylon tubes, gaskets, and grommets
Air intake hoses
EPDM profiles and sponges
Aluminium window rubber beadings
The company is ISO 9001:2015 certified for quality management and is registered on the Government e-Marketplace (GeM), enabling participation in government tenders and vendor contracts.
As of November 30, 2025, Defrail Technologies employs 298 permanent staff members.
Competitive Strengths:
Experienced management team with deep industry knowledge
RDSO-approved vendor, allowing supply to Indian Railways
Diversified product range serving multiple industries
Strong relationships with customers and suppliers, supporting stable operations
In-house testing and R&D center, ensuring product quality and innovation
Company Financials (Consolidated)
| 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 |
Key Performance Indicator (KPI)
| ROE | 73.72% |
| ROCE | 24.43% |
| Debt/Equity | 1.27 |
| RoNW | 73.72% |
| PAT Margin | 5.49% |
| EBITDA Margin | 9.29% |
| Price to Book Value |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 7.96 |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Defrail Technologies Ltd. Address
Plot no 180, Sector 24,
Sector 22, ,
Faridabad, Haryana, 121005
0129 – 487 8760
cs@defrailtech.com
Detail Registrar
IPO Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
investor.ipo@maashitla.com
Defrail Technologies is launching a book-building SME IPO comprising a fresh issue of 18.61 lakh equity shares, proposed to be listed on BSE SME.
The IPO will open on January 9, 2026, close on January 13, 2026, and is tentatively scheduled to list on January 16, 2026.
The IPO allocation includes 6.24 lakh shares for retail investors, 8.73 lakh shares for QIBs, and 2.69 lakh shares for HNIs.
IPO proceeds will be used for purchasing machinery, installing solar panels, and meeting general corporate requirements to support operational expansion.
Defrail Technologies manufactures rubber hoses and components for automotive, railways, and defence sectors, serving both B2B clients and government organizations.
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