Defrail Technologies IPO Details
| Detail | Description |
|---|---|
| IPO Date | 9 to 13 Jan, 2026 |
| Listing Date | Fri, Jan 16, 2026T |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 70 to ₹ 74 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,60,800 shares (agg. up to ₹ 14 Cr) |
| Reserved for Market Maker | 94,400 shares (agg. up to ₹ 0.6986 Cr) Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 17,66,400 shares (agg. up to ₹ 13 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,63,620 shares |
| Share Holding Post Issue | 70,24,420 shares |
About Defrail Technologies IPO
Defrail Technologies IPO is a book-build issue of ₹13.77 cr, which is an entirely fresh issue of 0.19 cr shares. The price band is set at ₹70 to ₹74 per share, with the minimum amount for an individual investor is ₹2,36,800 (3,200 shares). The IPO opens for subscription on Jan 9, 2026 and closes on Jan 13, 2026. The lot size for an application is 1,600. The IPO of Defrail Technologies will list on the BSE SME platform with a tentative listing date fixed as Jan 16, 2026.
Company Background
Defrail Technologies Ltd. was incorporated in October 2023. This is a leading manufacturer of rubber components, including hoses, profiles, beadings and moulded parts for automotive, railway and defence sectors. The company was formed through the consolidation of Vikas Rubber Industries (est. 1980) and Impex Hitech Rubber (2008) on April 1, 2024. Defrail operates two advanced manufacturing plants in Faridabad, Haryana. This company is equipped for high-quality production of diverse rubber products and is certified in its work. This company serves both B2B and B2G clients, including Indian Railways and defence authorities.
Operations and Product Range
Facility and Production
This company operates two state manufacturing plants, one in Faridabad, the other in Haryana. The production of Defrail Technology finds application across various industries like automotive, defence and railways. They produce a wide range of rubber products, including hoses, profiles, beadings, gaskets and moulded components. Defrail Technologies also provides both standard and customized solutions manufactured to their operational requirement.
Brands and Market Presence
This company’s origin dates from 1980 and now this company is registered as the seller on the government e-Marketplace (GeM). They supply high-quality rubber products to the automotive, railway and defence sectors of both B2B and B2G markets. As an RDSO-approved vendor and ISO certified company, it maintains a strong presence with government authorities like Indian Railways, while building lasting relationships with private industry clients across India.
Revenue Channels
- • B2B sales and B2G sales are the major revenue sources for Defrail Technologies Ltd.
- • Revenue from customized solutions like tailor-made rubber products and assembled designs to meet specific client requirements.
- • Earning from exports to the international market or collaborative industrial orders.
Management and Shareholding
Promoters and Shareholding
The promoters and shareholders of this company are promoted by the founders of its legacy companies. The promoters hold the majority equity stake, providing strategic direction and operational oversight, while ensuring stable ownership and long-term growth.
Board Members
This company is governed by a board of 5 directors who bring extensive industry experience and strategic insight. All the board members come with the vision to establish the company as a leading supplier of high-quality rubber products across the automotive, railway and defence sectors. They aim to drive innovation, operational excellence and sustainable growth. Each director contributes by guiding production efficiency, ensuring financial prudence, fostering customer and government relationships and promoting research and development to enhance product quality and diversification.
IPO Proceeds
- • Proceeds will be used to purchase equipment and machinery
- • Proceeds will be used for the purchase and installation of a solar panel
- • General corporate purpose
Conclusion
Defrail Technologies' IPO provides an opportunity for investors to invest in a manufacturer of rubber components, leveraging decades of industry experience from its legacy companies. This company uses advanced production facilities and has a strong network in the market by supplying B2B and B2G. This company focuses on customized solutions, operational excellence and strategic partnerships, as it is the revenue source of the company and the broader industrial market presence.
Defrail Technologies IPO Financial Information
Latest Revenue
39.08
₹ Crore
Profit After Tax
1.51
₹ Crore
Net Worth
10.62
₹ Crore
Total Borrowing
11.78
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 37.22 | 39.08 | 1.51 | 10.62 | 5.46 | 11.78 | |||
| 31 Mar 2025 | 33.91 | 62.22 | 3.42 | 9.12 | 3.96 | 11.56 | |||
| 31 Mar 2024 | 1.22 | 0.72 | 0.11 | 0.16 | 0.11 | 0.41 | |||
| Amount in ₹ Crore | |||||||||
Defrail Technologies Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.62 | 4.29 |
| P/E (x) | 11.18 | 17.25 |
Frequently Asked Questions
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Competitive Strengths
Strong and experienced management & shareholders
RDSO-approved vendor, enabling it to supply to government sectors like railways and defence.
A diverse product range that is supplied to multiple sectors.
Maintains a strong relationship with both customers and suppliers with consistent business operations.
Download regulatory filings
Defrail Technologies IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |