
Manufacturing · BSE
Defrail Technologies Limited, incorporated in October 2023, is engaged in the manufacturing of rubber parts and components such as rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts used across automotive, railways, and defence sectors, offering both standard and customised solutions to meet client requirements. The company’s roots go back to 1980 with Vikas Rubber Industries, followed by Impex Hitech Rubber in 2008, and both businesses were consolidated into the present entity on April 1, 2024 through Business Transfer Agreements. Operating mainly on a B2B model and also serving B2G clients including Indian Railways and Defence, the company runs two manufacturing units in Faridabad, Haryana at Neemka, Tigaon Road, Sector 71 and Sector 24, equipped with advanced machinery to produce a wide range of products such as diesel and petroleum hoses, LPG hoses, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponges, and aluminium window rubber beadings. The company is ISO 9001:2015 certified, registered on the Government e-Marketplace for public procurement, and had 298 permanent employees as of November 30, 2025.
Price Band
₹70 – ₹74
Issue Size
₹13.76 Cr
Lot Size
1600 shares
GMP
+18.9%
Est. Listing
₹88
at current GMP
Subscribed
105.61x
overall
Open
9 Jan 2026
Close
13 Jan 2026
Allotment
14 Jan 2026
Refund
15 Jan 2026
Demat Credit
16 Jan 2026
Listing
19 Jan 2026
Designated Registrar: Maashitla Securities Private Limited
Allotment Date
14 Jan 2026
Basis finalization
Refunds Initiate
15 Jan 2026
Mandate release
Demat Credit
16 Jan 2026
Shares in demat
Listing Debut
19 Jan 2026
Trading begins
Defrail Technologies Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹13.76 Crores. The shares are offered at a price band of ₹70 to ₹74 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,18,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-01-16, while un-allotted funds or UPI block mandates will be released on 2026-01-15.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.