Defrail Technologies IPO Listing at 24.43% Premium at ₹92.08 Per Share

Posted by : sachet | Mon Jan 19 2026

Defrail Technologies IPO listing delivers 24.43% premium at ₹92.08 per share over the issue price band of ₹74 per share. The Defrail Technologies IPO was subscribed 105.54 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 71.09 times, and non-institutional investors (NIIs) received 160.95 times. The retail quota of the issue was subscribed to 33.53%. Before delving deeper into the topic, go through the details of the Defrail Technologies IPO.

Table of Contents

Defrail Technologies IPO

It is a bookbuilding IPO of ₹13.77 crore, an entirely fresh issue of 0.19 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 19th January 2026. The Defrail Technologies IPO date is fixed between 9th January 2026 and 13th January 2026. The face value of Defrail Technologies shares stands at ₹10 per share, and the IPO Issue price band is set at ₹74 per share

IPO Allotment Date	14th January 2026
IPO Open Date	9th January 2026
IPO Close Date	13th January 2026
Refund Initiation	15th January 2026
Issue Size	18,60,800 shares(agg. up to ₹14 Cr)
Face Value	₹10 per share
Lot Size	1,600 Shares
Issue Price	₹74 per share
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Listing Date	19th January 2026

Defrail Technologies IPO Listing

On the BSE platforms, Defrail Technologies shares are listed at ₹92.08 per share, reflecting a 24.43% discount to the issue price of ₹74.00 per share.

About the Defrail Technologies IPO

Defrail Technologies Limited was established in October 2023. Defrail Technologies Limited is engaged in the business of manufacturing rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts. Its products find applications across industries such as automotive, railways, and defence, with the company offering clients both standard products and customised solutions tailored to their operational requirements. Defrail Technologies traces its origins to 1980 with the establishment of Vikas Rubber Industries, followed by the formation of Impex Hitech Rubber in 2008 to serve B2B customers with expanded capabilities. On April 1, 2024, both businesses were consolidated into Defrail Technologies Limited through Business Transfer Agreements. The company primarily operates on a B2B model, supplying bulk orders to clients in the automotive sector, while also serving the B2G segment by delivering products directly to government authorities, including Indian Railways and the Defence.

Defrail Technologies Limited Financials

The company’s financial analysis is essential before applying for Defrail Technologies Limited’s IPO. Refer to the table to learn about Vidya Wires Limited’s financial information.

Year Ended	30th Sep 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024
Assets	37.22	33.91	1.22
Revenue	39.08	62.22	0.72
Profit After Tax	1.51	3.42	0.11
EBITDA	3.44	5.78	0.14
Net Worth	10.62	9.12	0.16
Reserves and Surplus	5.46	3.96	0.11
Total Borrowings	11.78	11.56	0.41

Explanation

Defrail Technologies Limited’s revenue increased by 8,541.67% from ₹0.72 crores in March 2024 to ₹62.22 crores in March 2025. Moreover, the company’s PAT increased by 3,009.09% from ₹0.11 crores in March 2024 to ₹3.42 crores in March 2025.