Defrail Technologies Limited SME IPO 2026 | IPO Details, Price, Subscription & Financials
Latest Grey Market Premium & IPO Details
Defrail Technologies SME IPO 2026 – Key Info & Highlights
Defrail Technologies Limited SME IPO 2026, which remained open for subscription from 9–13 January, made a strong debut on the BSE SME, listing at ₹95 per share and generating attractive listing gains for retail investors. The IPO grey market premium (GMP) today trends observed prior to listing once again acted as a reliable indicator of listing day performance, reinforcing investor confidence in SME IPO GMP signals.
📌 IPO Details
| Company Name | Defrail Technologies SME IPO |
|---|---|
| Sector / Industry | Manufacturing |
| IPO Open Date | 09-01-2026 |
| IPO Close Date | 13-01-2026 |
| Allotment Date | 14-01-2026 |
| Refund Date | 15-01-2026 |
| Share Credit Date | 15-01-2026 |
| Listing Date | 19-01-2026 |
| Price Band | ₹70 - ₹74 |
| Lot Size | 1600 Shares |
| Min Investment | ₹2,36,800 ( 2 Lot Price ) |
| Net Issue Size | ₹13.07 Cr |
| Fresh Issue | ₹13.07 Cr |
| OFS | ₹Not applicable Cr |
| IPO Listing At | BSE SME |
| Face Value | ₹10 Per Equity Share |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 33.53% |
| QIB (Qualified Institutional Buyers) | 46.95% |
| HNI (High Net Worth Individuals) | 14.45% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 18-01-2026 | ₹17.00 | - | ₹91.00 | ₹27200.00 | 18-01-2026 21:54 |
| 17-01-2026 | ₹17.00 | ▲ | ₹91.00 | ₹27200.00 | 17-01-2026 23:27 |
| 16-01-2026 | ₹10.00 | - | ₹84.00 | ₹16000.00 | 16-01-2026 21:14 |
📝 About Defrail Technologies SME
Defrail Technologies Limited is a premier manufacturer of industrial rubber and auto components in India. Operating from modern production facilities in Faridabad, Haryana, the company delivers rubber hoses, moulded parts, beadings, and spacer components to clients in the automobile, railway, and defence sectors.
The company’s journey began in 1980 with Vikas Rubber Industries and expanded in 2008 with the incorporation of Impex Hitech Rubber, designed to serve large-scale B2B clients. On April 1, 2024, both entities merged into Defrail Technologies Limited via Business Transfer Agreements, creating a consolidated platform with enhanced production and operational capabilities.
Primarily a B2B enterprise, Defrail Technologies supplies high-volume orders to automotive manufacturers and also operates in the B2G segment, serving government organizations like Indian Railways and defence establishments.
Built on a foundation of innovation, quality, and reliability, the company leverages advanced machinery, ISO-certified processes, and sustainable practices to provide durable and cost-efficient solutions. Now listed on the BSE SME platform, Defrail Technologies opens an opportunity for investors to participate in its expansion and growth in India’s rubber and auto components industry.
Defrail Technologies SME Revised Financials
Profit / Loss & Total Assets (Last 3 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2022 | 0.72 | +0.11 | 1.22 |
| FY 2023 | 61.78 | +3.52 | 33.91 |
| FY 2024 | 39.08* | +1.51* | 37.22* |
Note: FY 2024 figures are based on the most recent interim period data available as of the IPO filing (up to Sep 30, 2025). Positive figures indicate profit. All figures are in ₹ Crore, rounded to two decimal places.
Objects of Issue – Defrail Technologies Limited
- Purchase of Machinery & Equipment – Setting up advanced manufacturing units and modern machinery to increase production capacity for rubber and auto component products.
- Solar Power Installation – Investing in renewable energy infrastructure to reduce operational costs and promote sustainable manufacturing practices.
- Working Capital Requirements – Funds to support day-to-day operations, procurement of raw materials, and smooth supply chain management.
- Business Expansion & Development – Expanding operations into new industrial areas, enhancing production facilities, and exploring new market opportunities.
- General Corporate Purposes – Supporting corporate initiatives, improving operational efficiency, and strengthening overall business growth.
Strengths – Defrail Technologies Limited
- Experienced Management Team – Defrail Technologies is led by a team of industry veterans with decades of experience in **rubber manufacturing and auto/industrial component sectors**.
- Trusted and Recognized Brand – The company has built a strong reputation for delivering **high-quality rubber products** to **automobile, railway, and defence industries** across India.
- Advanced Manufacturing Technology – Defrail Technologies leverages **state-of-the-art machinery and ISO-certified processes** to maintain precision, efficiency, and consistent product quality.
- Extensive Industrial Network – The company operates a robust **B2B distribution and service network**, ensuring timely supply and strong client relationships nationwide.
- Financial Strength & Stability – With a healthy balance sheet, steady cash flows, and strategic investments, Defrail Technologies is well-positioned for **sustainable growth and expansion**.
Risks – Defrail Technologies Limited
- Industry Dependence – Defrail Technologies operates primarily in the **rubber and auto component sector**, which is sensitive to **economic cycles and automotive demand fluctuations**.
- Raw Material Price Volatility – The company’s profitability may be affected by **fluctuations in rubber and other raw material prices**, impacting production costs.
- SME Market Liquidity Risk – Being listed on **BSE SME**, shares may have **lower liquidity and trading volume** compared to mainboard stocks.
- Competition Risk – The company faces competition from other **rubber and auto component manufacturers**, which may affect market share and margins.
- Regulatory & Compliance Risks – Any changes in **industry regulations, environmental laws, or government policies** could impact business operations.
Defrail Technologies Limited
Leading Manufacturer of Rubber Components & Auto/Industrial Parts – BSE SME Listed Company
| Founded in: | 1980 |
|---|---|
| MD/CEO: | Mr. Vivek Aggarwal |
| Address: | Unit 1 & 2, Faridabad Industrial Area Faridabad, Haryana 121001, India |
| Website: | www.defrailtech.in |
| Phone: | +91 12345 67890 |
| Email: | info@defrailtech.in |
| Services: | Manufacturing of Rubber Hoses, Moulded Rubber Parts, Beadings, Spacer Components for Automobile, Railway, and Defence Sectors |
IPO Quick Info
09 Jan 2026
13 Jan 2026
Upcoming
Lead Manager(s)
- NEXGEN Financial Solutions Pvt. Ltd
Related IPOs
- Bagmane REIT
- Recode Studios
- OnEMI Technology
- Value 360 Communications
- Amba Auto Sales & Services
- Adisoft Technologies
- Leapfrog Engineering
- Citius Transnet InvIT
- Mehul Telecom
- Om Power Transmission
- Propshare Celestia
- Safety Controls
- Emiac Technologies
- Vivid Electromech
- Highness Microelectronics
- Sai Parenterals Limited
- Powerica Limited
- Speciality Medicines
- Tipco Engineering
- Amir Chand Jagdish Kumar
Frequently Asked Questions
Yes, the IPO is open to retail investors via Demat accounts. However, being a BSE SME IPO, shares may have lower liquidity initially, so investors should consider their investment horizon before applying.