Defrail Technologies Limited
ListedSMEManufacturing · 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
₹14
+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
Last updated 12 days ago
Overall Subscription
105.61x
Total Demand
QIB Multiplier
71.09x
Institutions & Funds
NII / HNI
161.30x
High Net-Worth
Retail (RII)
101.28x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 355,200 | 25,249,600 | 71.09x |
| NIB | 268,800 | 43,358,400 | 161.30x |
| HNIs(10L +) | 177,600 | 33,536,000 | 188.83x |
| HNIs (2-10L) | 91,200 | 9,822,400 | 107.70x |
| RETAIL | 624,000 | 63,196,800 | 101.28x |
| Total | 1,516,800 | 175,163,200 | 105.61x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 30 | 0.00x |
| NIB | — | 4,201 | 0.00x |
| RETAIL | 195 | 19,749 | 101.28x |
| HNIs(10L +) | 37 | 2,294 | 62.00x |
| HNIs (2-10L) | 19 | 1,907 | 100.37x |
| Total Applications | 251 | 28,181 | 112.27x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Defrail Technologies Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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 Schedule:
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.
Frequently Asked Questions
What is Defrail Technologies Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Defrail Technologies Limited IPO is ₹14 per equity share. Based on the upper price band of ₹70 to ₹74 per equity share, the estimated listing price is ₹88 (+18.9% expected listing gain).
What is the expected profit per lot for Defrail Technologies Limited IPO?
With a lot size of 1600 shares and current GMP of ₹14, the expected profit per application lot is approx ₹22,400 (+18.9% gain). Minimum application cost is approx ₹1,18,400.
What is the issue size and price band for Defrail Technologies Limited IPO?
The Defrail Technologies Limited IPO aggregate issue size is ₹13.76 Crores with an equity price band set at ₹70 to ₹74 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,18,400.
How can I check Defrail Technologies Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 105.61x (Retail: 101.28x, QIB: 71.09x, NII: 161.30x). You can track live multiples directly on our dedicated subscription page.
Where and when will Defrail Technologies Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2026-01-14. Investors can verify status using PAN card or application number.
When is the listing date for Defrail Technologies Limited IPO?
Defrail Technologies Limited shares are scheduled to list on BSE on 2026-01-19.