Defrail Technologies IPO Subscription Day 1: Check Online Status

Posted by : sachet | Fri Jan 09 2026

Here, the Defrail Technologies IPO launched on 9th January 2026. Bidding for the issue will close today, 16th January 2026. The primary aim of the Defrail Technologies IPO is to raise ₹13.77 crores from the market. Also, the Defrail Technologies IPO has received an impressive level of subscription, indicating that the shares will be listed at an impeccable premium. Scroll down to check the Defrail Technologies IPO subscription and details.

Table of Contents

Defrail Technologies IPO Details

IPO Open Date	9th January 2026
Face Value	₹10 per share
Price Band	₹70 to ₹74 per share
Lot Size	1,600 Shares
Issue Type	Bookbuilding Issue
Listing At	BSE & SME
IPO Close Date	13th January 2026
Listing Date	16th January 2026

The price band for Riddhi Display Equipment’s IPO has been set at ₹70 to ₹74 per share, and a total of 18,60,800 shares are being issued. Let’s segregate the share quota fixed for different categories of investors.

Investor Categories	Shares Offered	Shares Percentage
Market Maker Shares Offered	94,400	5.07%
QIB Shares Offered	8,73,600	46.95%
NII (HNI) Shares Offered	2,68,800	14.45%
Retail Shares Offered	6,24,000	33.53%
Total Shares Offered	18,60,800	100.00%

Defrail Technologies IPO Subscription Status

As of now, the Defrail Technologies IPO has been subscribed to 0.57 times. Of these, 0.85 times are subscribed by retail investors, 0.70 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).

The healthy subscription status indicates that investors are expecting higher returns at the time of Defrail Technologies’s IPO listing on 16th January 2026. Defrail Technologies also has a positive outlook behind the fresh issue of 0.84 crore shares, which will raise around Rs 13.77 crores.

Defrail Technologies IPO GMP Today

We know that higher subscription levels drive grey-market premiums for IPOs. Let’s explore the Defrail Technologies IPO GMP for 9th January 2026.

The grey market premium for this IPO has surged to 8.11% or Rs 6.00 per share. It indicates that the estimated listing price per share is Rs 80.00. Numerous factors played a pivotal role in this jump in the GMP of Riddhi Display Equipment’s IPO. These include higher subscription rates, favourable market sentiment, and investors’ positive attitude towards IPOs.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
9-01-2026	₹74.00	₹6.00	₹80.00	8.11%
8-01-2026	₹74.00	₹6.00	₹80.00	8.11%
7-01-2026	₹74.00	₹0.00	₹0.00	0.00%
6-01-2026	₹74.00	₹0.00	₹0.00	0.00%
5-01-2026	₹0.00	₹0.00	₹0.00	0.00%
4-01-2026	₹0.00	₹0.00	₹0.00	0.00%
3-01-2026	₹0.00	₹0.00	₹0.00	0.00%
2-1-2026	₹0.00	₹0.00	₹0.00	0.00%
1-1-2026	₹0.00	₹0.00	₹0.00	0.00%

About Defrail Technologies Ltd.

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 such as Indian Railways and the Defence.

Defrail Technologies Limited Financials

The company’s financial analysis is essential before applying for the Defrail Technologies IPO. Look at the table to learn about Defrail Technologies Limited’s financials.

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.

Technical Indicators

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Defrail Technologies IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	0320
EPS (Earnings Per Share)	3.30
RoNW	42.11%
ROCE	31.27%
ROE	42.10%
EBITDA Margin	15.32%
Price to Book Value	4.32
Market Capitalisation	₹98.77 Cr

Defrail Technologies IPO Listing Expectations

Defrail Technologies IPO Highlights: IPO allotment is still pending, as the bid will close today. However, given the current GMP or market sentiment, it is reasonable to expect higher listing gains for the share. A jump of 8.11% in Yash Highlight GMP suggests the estimated listing price per share will be around Rs 80.

It will provide higher listing gains to investors who applied for this IPO. Also, the financial fundamentals of this business made it the experts’ top long-term recommendation.

Defrail Technologies IPO Dates

IPO Open Date	9th January 2026
IPO Close Date	13th January 2026
Allotment	14th January 2026
Refund Date	15th January 2026
IPO Listing Date	16th January 2026

Note: IPO GMP is volatile and depends on market sentiment. Hence, one should conduct their research before investing in it.