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Defrail Technologies Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| BSE | ₹95.00 | +₹21.00 | +28.38% |
Defrail Technologies Subscription
Last updated on 13-Jan-2026 17:08:04
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 355200 | 25249600 | 71.09 |
| HNIs | 268800 | 43264000 | 160.95 |
| bHNI | 177600 | 33441600 | 188.3 |
| sHNI | 91200 | 9822400 | 107.7 |
| Individual | 624000 | 63196800 | 101.28 |
| Total | 1248000 | 131710400 | 105.54 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 37 | 2294 | 62 |
| HNIs (3-10L) | 19 | 1907 | 100.37 |
| Individual | 195 | 19749 | 101.28 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹7.1 | @8% ₹8.1 | @9% ₹9.1 | @10% ₹10.1 | @11% ₹11.1 | @12% ₹12.1 |
Defrail Technologies Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 9 | 14400 | 1065600 | 37 |
Defrail Technologies Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 518400 | 27.86% |
| QIB | 355200 | 19.09% |
| HNI | 268800 | 14.45% |
| INDIVIDUAL | 624000 | 33.53% |
| Market Maker | 94400 | 5.07% |
| Total | 1860800 | 100% |
Defrail Technologies About
IPO Details
| Total Issue Size | 18,60,800 shares (aggregating up to ₹13.76 Cr) |
| Fresh Issue | 18,60,800 shares (aggregating up to ₹13.76 Cr) |
| Face Value | ₹10/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,63,620 shares |
| Share Holding Post Issue | 70,24,420 shares |
| Reserved for Market Maker | 94,400 shares (aggregating up to ₹0.6985 Cr) |
| Market Maker | Nikunj Stock Brokers Ltd |
Key Performance Indicators (KPI)
| KPI | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 11.44% | 73.72% | 67.81% |
| ROCE | 13.28% | 24.31% | 25.06% |
| EPS (BASIC) | 2.92 | 6.62 | 21.09 |
| P/E Pre IPO | 11.18 | ||
| P/E Post IPO | 17.25 |
Company Financial (In ₹Crore)
| Period Ended | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 37.22 | 33.91 | 1.22 |
| Total Income | 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 Borrowing | 11.78 | 11.56 | 0.41 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| Defrail Technologies Limited | 10.00 | ||
| Pentagon Rubber Limited | 86.59 | 71.00 | 10.00 |
| Gujrat Reclaim & Rubber Product Limited | 265.72 | 1690.00 | 10.00 |
| Company | NAV/Share (₹) | RoNW (%) |
|---|---|---|
| Defrail Technologies Limited | 20.36 | 11.76 |
| Pentagon Rubber Limited | 4.22 | 1.95 |
| Gujrat Reclaim & Rubber Product Limited | 36.14 | 1.73 |
About Company
Incorporated in October 2023, Defrail Technologies Limited is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber products. These products cater to diverse sectors such as automotive, railways, and defence, with offerings covering both standard items and customised, application-specific solutions.
The company’s legacy dates back to 1980 with the establishment of Vikas Rubber Industries, followed by the creation of Impex Hitech Rubber in 2008 to meet the needs of B2B clients with enhanced manufacturing capabilities. On April 1, 2024, both entities were consolidated into Defrail Technologies Limited under Business Transfer Agreements, forming a unified platform with expanded operational capacity.
Defrail Technologies operates primarily on a B2B business model, supplying bulk orders to automotive customers, while also serving the B2G segment, including government authorities such as Indian Railways and Defence organisations.
The company runs two manufacturing facilities located in Faridabad, Haryana:
Neemka, Tigaon Road, Sector 71 – 2,420 sq. yards
Sector 24, Faridabad – 4,833.33 sq. yards
These plants are equipped with advanced machinery capable of producing a wide variety of rubber components, including diesel and petroleum hoses, LPG hoses, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponges, and aluminium window beadings.
Defrail Technologies is ISO 9001:2015 certified, reflecting adherence to quality management systems, and is also registered as a seller on the Government e-Marketplace (GeM), which enables its participation in government procurement processes and vendor tenders.
Strength
Experienced Management Team: The company is led by promoters with 14–16 years of experience in the rubber industry. Their expertise has been instrumental in driving consistent growth. A skilled management and employee team supports efficient operations and strategic decision-making.
RDSO-Approved Vendor: Defrail Technologies is an RDSO-approved vendor (effective July 8, 2024) for Air Brake Hose Coupling, Brake Pipe, and Feed Pipe. This enhances credibility, enables participation in Indian Railways’ supply chain, strengthens tender competitiveness, and reflects adherence to high safety and quality standards.
Diversified Product Portfolio: The company manufactures a wide range of rubber components used in the Automobile, Railways, and Defence sectors. This diversified portfolio reduces dependence on any single industry and helps mitigate sector-specific risks.
Weakness
High Dependence on the Automobile Sector: The company’s revenue is largely driven by demand from the Indian automobile sector. Any slowdown, regulatory change, or reduced demand in this sector could adversely impact business performance, financial results, and overall growth.
Reliance on Leased Facilities: The registered office and manufacturing facilities are leased, not owned. Non-renewal, termination, or rental escalation of these agreements could disrupt operations and increase costs.
Revenue Concentration from Few Customers: A significant portion of revenue comes from a limited number of customers, exposing the company to contract-specific risks. Loss of any major customer or a reduction in their order volumes could materially impact the company’s financial condition and prospects.
Defrail Technologies Latest Announcements
| Date | Subject | Attachment Text |
|---|
Defrail Technologies Financial Results
Defrail Technologies Lead Manager(s)
Defrail Technologies Address
Plot no 180, Sector 24,
Sector 22, ,
Faridabad, Haryana, 121005
Phone: 0129 - 487 8760
Email: cs@defrailtech.com
Website: https://www.defrailtech.in/