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DEFRAILSME / BSEListed
Defrail Technologies

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.

₹70 - ₹74105.61x sub
Listed Price₹95.00
Listing Gain+28.38%

IPO Schedule & Timeline

Bookbuilding IPO
Open09 Jan 2026
Close13 Jan 2026
Allotment14 Jan 2026
Listing19 Jan 2026

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor5,18,400 shares
27.86%
QIB3,55,200 shares
19.09%
HNI2,68,800 shares
14.45%
Retail6,24,000 shares
33.53%
Market Maker94,400 shares
5.07%

Minimum Application Lots

Retail2 Lots (3,200 shares)
₹2,36,800
sHNI3 Lots (4,800 shares)
₹3,55,200
bHNI9 Lots (14,400 shares)
₹10,65,600

Company Promoters

Mr. Vivek AggarwalMr. Abhishek AggarwalMs. Ashi AggarwalMr. Dinesh Aggarwal

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-25)₹39.08 Cr
Growth+5327.8%
Revenue Trend (₹ in Crores)
0.023.947.771.6Mar-24Mar-25Sep-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2539.081.5137.2211.78
Mar-2562.223.4233.9111.56
Mar-240.720.111.220.41

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-252.920%13.28%017.25
Mar-256.620%24.31%11.180
Mar-2421.090%25.06%00

Peer Comparison & Valuation

Financial Performance

Pentagon Rubber Limited

NAV/Share (₹)4.22
RONW(%)1.95
EPS (Basic) (₹)0.82

Defrail Technologies Ltd

NAV/Share (₹)20.36
RONW(%)11.76
EPS (Basic) (₹)2.96

Gujrat Reclaim & Rubber Product Limited

NAV/Share (₹)36.14
RONW(%)1.73
EPS (Basic) (₹)6.36

Valuation

Pentagon Rubber Limited

P/E(X)86.59
CMP* (₹)71.00
Face value (₹)10.00

Defrail Technologies Ltd

P/E(X)0
CMP* (₹)0
Face value (₹)10.00

Gujrat Reclaim & Rubber Product Limited

P/E(X)265.72
CMP* (₹)1690.00
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Maashitla Securities Private Limited

Allotment Finalized
Allotment Date
14 Jan 2026
Official Status
Out / Finalized
Registrar
Maashitla Securities Private Limited
Listing Date
19 Jan 2026

Official Allotment Verification Links

Official Registrar Portal
Maashitla Securities Private Limited

Direct allotment verification on the official registrar portal appointed for Defrail Technologies. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization14 Jan 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date19 Jan 2026Trading commences on exchange

How to Check Defrail Technologies Allotment Online

1Open Portal

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2Select Company

Select Defrail Technologies from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Defrail Technologies IPO

Complete issue overview for Defrail Technologies (DEFRAIL) IPO. The issue features an equity share price band of ₹70 – ₹74 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,18,400). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions