Faridabad, January 12, 2026: The initial public offering of Defrail Technologies Limited witnessed a sharp surge in demand on Day 2 of bidding, with overall subscription climbing to 10.90 times by 5:00 PM IST on Monday, driven overwhelmingly by retail and non institutional investors.
The ₹14 crore SME IPO, which opened on January 9 and remains open for subscription until January 13, 2026, saw heavy inflows during the second session, marking a decisive turnaround from the muted response seen on the opening day.
Day 2 Subscription Status (As of 5:00 PM IST)CategoryShares ReservedShares BidSubscription (Times)Qualified Institutional Buyers (QIBs)3,55,200-0.00Non Institutional Investors (NII)3,63,20033,47,2009.22Retail...