Defrail Technologies IPO Date, Review, Price, Allotment Details
Defrail Technologies IPO is scheduled to open for subscription on January 9, 2026, and will close on January 13, 2026. The issue is a book-built IPO through which the company aims to raise approximately ₹14 crore. This includes a fresh issue worth ₹14 crore along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price band for the Defrail Technologies IPO is fixed at ₹70 to ₹74 per share. The allocation is divided as 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for high net-worth individuals (HNIs). The company’s shares are expected to be listed on the BSE on January 16, 2026, while the IPO allotment is likely to be finalized on January 14, 2026.
Financially, Defrail Technologies reported a significant jump in performance, with revenue increasing to ₹62.22 crore in FY2025 from ₹0.72 crore in FY2024. Net profit also rose sharply to ₹3.42 crore in FY2025 compared to ₹0.11 crore in the previous year. Based on this financial growth, the IPO appears suitable for investors with a long-term investment horizon.
Defrail Technologies IPO Details
| IPO Open Date | January 9, 2026 |
| IPO Close Date | January 13, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹70 to ₹74 Per Share |
| Issue Size | Approx ₹14 Crores |
| Fresh Issue | Approx ₹14 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Defrail Technologies IPO Market Lot
The minimum application size for the Defrail Technologies IPO is set at 3,200 equity shares, requiring an investment of ₹2,36,800per lot.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,36,800 |
| Retail Maximum | 2 | 3,200 | ₹2,36,800 |
| S-HNI Minimum | 3 | 4,800 | ₹3,55,200 |
| S-HNI Maximum | 8 | 12,800 | ₹9,47,200 |
| B-HNI Minimum | 9 | 14,400 | ₹10,65,600 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 5,18,400 Shares | 27.86% |
| QIB (Ex. Anchor) | 3,55,200 Shares | 19.09% |
| NII Shares Offered | 2,68,800 Shares | 14.45% |
| Retail Shares Offered | 6,24,000 Shares | 33.53% |
Defrail Technologies IPO Anchor Investors
| Anchor Bidding Date | January 8, 2026 |
| Anchor Investors List | |
| Shares Offered | 5,18,400 Shares |
| Anchor Size | 3.84 Cr. |
| lock-in period end date 50% shares (30 Days) | February 13, 2026 |
| lock-in period end date 50% shares (90 Days) | April 14, 2026 |
Defrail Technologies IPO Dates
The Defrail Technologies IPO will open on January 9 and close on January 13. The allotment is expected to be finalised on January 14, with the shares scheduled to be listed on January 16.
| IPO Open Date: | January 9, 2026 |
| IPO Close Date: | January 13, 2026 |
| Basis of Allotment: | January 14, 2026 |
| Refunds: | January 15, 2026 |
| Credit to Demat Account: | January 15, 2026 |
| IPO Listing Date: | January 16, 2026 |
| IPO Bidding Cut-off Time: | January 13, 2026 – 5 PM |
Promoters and Holding Pattern
The company is promoted by Mr. Vivek Aggarwal, Mr. Abhishek Aggarwal, Ms. Ashi Aggarwal, and Mr. Dinesh Aggarwal.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 51,63,620 | 100% |
| Promoter Holding Post Issue | 70,24,420 | 73.52% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Purchase of equipment/machineries | ₹7.96 |
| Purchase and installation of Solar Panel | ₹1.73 |
| General Corporate Purpose | ₹- |
About Defrail Technologies IPO
Defrail Technologies Limited, incorporated in October 2023, is engaged in the manufacturing of rubber components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts. The company’s products cater to multiple sectors such as automotive, railways, and defence. Its business origins trace back to 1980 with the establishment of Vikas Rubber Industries, followed by the incorporation of Impex Hitech Rubber in 2008 to serve B2B clients. With effect from April 1, 2024, both entities were merged into Defrail Technologies Limited to focus on the B2G segment, supplying products directly to government organisations, including Indian Railways and the Defence sector.
The company operates two manufacturing facilities in Faridabad, Haryana, located at Neemka, Tigaon Road, Sector 71 (spread over 2,420 sq. yards) and Sector 24, Faridabad (spread over 4,833.33 sq. yards). These units are equipped with modern machinery for the production of a wide range of rubber products such as diesel and petroleum hose pipes, LPG hose pipes, nylon tubes, gaskets, grommets, and air intake hoses.
Defrail Technologies IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹0.72 | ₹0.57 | ₹0.11 | ₹1.22 |
| 2025 | ₹62.22 | ₹58.24 | ₹3.42 | ₹33.91 |
| September 2025 | ₹39.08 | ₹36.48 | ₹1.51 | ₹37.22 |
Defrail Technologies IPO Valuation – FY2025
Check Defrail Technologies IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 73.72% |
| ROCE: | 24.43% |
| EBITDA Margin: | 9.29% |
| PAT Margin: | 5.49% |
| Debt to equity ratio: | 1.27 |
| Earning Per Share (EPS): | ₹6.62 (Basic) |
| Price/Earnings P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 73.72% |
| Net Asset Value (NAV): | ₹17.66 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Pentagon Rubber Limited | 0.82 | 86.59 | 1.95% | 4.22 | 0.63 Cr. |
| Gujrat Reclaim & Rubber Product Limited | 6.36 | 265.72 | 1.73% | 36.14 | 3.39 Cr. |
IPO Lead Managers aka Merchant Bankers
- NEXGEN Financial Solutions Pvt. Ltd.
Company Address
Defrail Technologies Ltd.
Plot no. 180, Sector 24,
Sector 22,
Faridabad, Haryana, 121005
Phone: 0129 – 487 8760
Email: cs@defrailtech.com
Website: https://www.defrailtech.in/
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues