Defrail Technologies Limited operates in the industrial rubber manufacturing segment, producing rubber parts and components such as hoses, profiles, beadings, and moulded products used across sectors including automotive, railways, defence, and infrastructure. The company’s operations are supported by manufacturing facilities in Haryana and cater primarily to business-to-business and government customers. Its activities are aligned with supplying application-specific rubber components required for industrial and institutional use.
Applicants who wish to participate in the Defrail Technologies IPO may apply through an authorised trading platform or by using the ASBA facility provided by their banking institution. The application process generally involves logging into the trading or banking application, navigating to the IPO section, selecting the relevant public issue, entering the applicable lot quantity, and confirming the payment mandate through UPI or bank authorisation. Once submitted, the application moves through exchange-regulated verification and allotment procedures, which determine the final allotment status.
For more details, visit the Defrail Technologies IPO page.
Defrail Technologies IPO Details and Objectives
Details
| Information
|
IPO Date
| January 9, 2026 to January 13, 2026
|
Issue Size
| 18,60,800 shares (agg. up to ₹13.77 Cr)
|
Price Band
| ₹70 to ₹74 per share
|
Lot Size
| 1,600 shares
|
Listing At
| BSE, SME
|
Market Maker
| Nikunj Stock Brokers Ltd.
|
Purpose of the IPO
Purchase of equipment/machineries
Purchase and installation of Solar Panel
General corporate purposes
Timeline of Defrail Technologies IPO
Event
| Date
|
|---|
IPO Open Date
| Fri, Jan 9, 2026
|
IPO Close Date
| Tue, Jan 13, 2026
|
Tentative Allotment
| Wed, Jan 14, 2026
|
Initiation of Refunds
| Thu, Jan 15, 2026
|
Credit of Shares to Demat
| Thu, Jan 15, 2026
|
Tentative Listing Date
| Fri, Jan 16, 2026
|
Pricing & Lot Size of Defrail Technologies IPO
Price Band for the IPO
Minimum Lot Size and Application Details
Application
| Lots
| Shares
| Amount
|
Individual investors (Retail) (Min)
| 2
| 3,200
| ₹2,36,800
|
Individual investors (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
|
Defrail Technologies IPO Application Process
The Defrail Technologies IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using the broker's app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate Defrail Technologies IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (lot size: 1,600 shares) within the price band of ₹70 to ₹74 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
Shares Offered in Defrail Technologies IPO
The Defrail Technologies IPO comprises a total public issue of 0.18 crore equity shares. The issue allocation is distributed across qualified institutional buyers, non-institutional investors, retail investors, and the market maker category, in line with applicable regulatory requirements.
Category
| Shares Offered
| Amount (Rs Cr)
| Size (%)
|
Market Maker
| 94,400
| 0.70
| 5.07%
|
QIB
| 8,73,600
| 6.46
| 46.95%
|
|
| 5,18,400
| 3.84
| 27.86%
|
|
| 3,55,200
| 2.63
| 19.09%
|
NII
| 2,68,800
| 1.99
| 14.45%
|
|
| 1,77,600
| 1.31
| 9.54%
|
|
| 91,200
| 0.67
| 4.90%
|
Retail
| 6,24,000
| 4.62
| 33.53%
|
Total
| 18,60,800
| 13.77
| 100%
|
Financial Health and Performance
Key Financial Metrics
Total Assets: Increased from ₹1.22 crore as of 31 March 2024 to ₹37.22 crore as of 30 September 2025.
Total income: Rose from ₹0.72 crore in FY24 to ₹39.08 crore as of 30 September 2025.
Profit After Tax (PAT): Stood at ₹1.51 crore as of 30 September 2025 compared to ₹0.11 crore in FY24.
Net Worth: Recorded at ₹10.62 crore as of 30 September 2025 in comparison to ₹0.16 crore in FY24.
Reserves and surplus: Increased from ₹0.11 crore in FY24 to ₹5.46 crore as of 30 September 2025.
EBITDA: Stood at ₹3.44 crore as of 30 September 2025 compared to ₹0.14 crore in FY24.
Recent Performance and Growth Prospects
The company has recorded an expansion in its asset base over the reviewed period, reflecting a broader operational scale and higher capital deployment.
Income levels have increased in the latest reported period compared to earlier data, indicating higher business activity during the period under review.
Profit after tax has shown an upward movement when compared with the earlier financial year, reflecting changes in earnings outcomes across periods.
Net worth has risen over time, suggesting an increase in shareholders’ equity supported by retained earnings and capital structure changes.
Reserves and surplus have increased compared to the earlier period, indicating accumulation of internal funds within the balance sheet.
Operating performance, as reflected through EBITDA figures, has moved upward across the compared periods, showing changes in operating-level results.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
The company operates in the industrial rubber manufacturing segment, where demand is influenced by activity levels in sectors such as automotive, railways, infrastructure, and defence, which may vary over time.
Its operations depend on the availability and pricing of raw materials such as natural and synthetic rubber, and fluctuations in input costs may affect operating outcomes.
The business model involves supplying to industrial and government customers, where order cycles, tender processes, and execution timelines can impact revenue visibility.
Opportunities and Growth Potential
The company supplies rubber components used across multiple end-user industries, which provides exposure to diverse application areas within the manufacturing and infrastructure ecosystem.
Its manufacturing facilities and product range enable it to cater to both standardised and customised requirements, supporting participation in varied industrial supply contracts.
Registration on government procurement platforms allows the company to engage in public sector supply opportunities alongside its business-to-business operations.
Key Performance Indicator (KPI)
KPI
| Values
|
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
| 4.19
|
Defrail Technologies IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
|---|
Maashitla Securities Pvt.Ltd.
| NEXGEN Financial Solutions Pvt. Ltd.
|
Company Address of Defrail Technologies Limited
Defrail Technologies Ltd.
Plot no 180, Sector 24,
Faridabad, Haryana, 121005
Phone: 0129 - 487 8760
Email: cs@defrailtech.com
Website: https://www.defrailtech.in/
Conclusion
Defrail Technologies Limited operates in the industrial rubber manufacturing segment, supplying rubber parts and components used across sectors such as automotive, railways, defence, and infrastructure. Its activities cover the manufacture of hoses, profiles, beadings, and moulded rubber products, supported by manufacturing facilities in Haryana. The IPO outlines the company’s plans related to funding business requirements such as working capital, capital expenditure, and general corporate purposes, along with the prescribed issue structure and allocation framework.
Applicants may submit their IPO applications through the ASBA facility offered by their respective banks or via authorised trading platforms. The process generally involves selecting the IPO, entering bid details, confirming the application through UPI or bank mandate, and submitting it within the specified subscription period. Applications are then processed through standard exchange mechanisms, with allotment determined as per regulatory procedures.
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Defrail Technologies IPO allotment status.