Faridabad, January 9, 2026: Defrail Technologies Limited (DEFRAIL) today opened its initial public offering for subscription, with the SME issue priced in the range of ₹70 to ₹74 per equity share. The public issue, aggregating to ₹14 crore, will remain open for bidding until January 13, 2026, with listing scheduled on January 16, 2026.
Ahead of the IPO opening, the company has successfully completed its anchor investor allocation, raising ₹3.84 crore through the allotment of 5,18,400 equity shares at the upper end of the price band.
IPO Snapshot
| Particulars | Details |
|---|---|
| Issue Period | January 9 to January 13, 2026 |
| Price Band | ₹70 to ₹74 per share |
| Issue Size | ₹14 crore |
| Shares Offered | 13,42,400 equity shares |
| Face Value | ₹10 per share |
| Market Lot | 1,600 shares |
| Minimum Application | 3,200 shares |
| Listing Date | January 16, 2026 |
| Stock Symbol | DEFRAIL |
Anchor Allocation Details
Defrail Technologies allocated 5,18,400 equity shares to anchor investors at a price of ₹74 per share, translating into a total anchor book size of ₹3.84 crore.| Anchor Investor | Equity Shares Allocated | Share of Anchor Portion |
|---|---|---|
| Longthrive Capital VCC – Trendview Capital Fund | 2,46,400 | 47.53% |
| Sunrise Investment Trust – Sunrise Investment Opportunities Fund | 1,36,000 | 26.23% |
| Pine Oak Global Fund | 1,36,000 | 26.23% |
| Total | 5,18,400 | 100% |
Issue Structure and Categories
The IPO is being offered through the book-building route and is open to a wide range of investor categories including FI, IC, MF, FII, Corporates, Non-Institutional Investors, Individuals, and Others. UPI-based applications are enabled for retail individual investors.The maximum bid quantities have been set at:
- 12,48,000 shares for Qualified Institutional Buyers
- 8,92,800 shares for Non-Institutional Investors
Key Timelines
| Event | Date |
|---|---|
| Issue Opens | January 9, 2026 |
| Issue Closes | January 13, 2026 |
| UPI Mandate Deadline | January 13, 2026 (5 PM) |
| Allotment Finalisation | January 14, 2026 |
| Refund Initiation | January 15, 2026 |
| Share Credit to Demat | January 15, 2026 |
| Listing on Exchange | January 16, 2026 |
Lead Manager and Registrar
The issue is being managed by Nexgen Financial Solutions Private Limited as the Book Running Lead Manager, while Maashitla Securities Private Limited has been appointed as the registrar to the issue.About the Company
Incorporated in October 2023, Defrail Technologies Limited operates in the manufacturing of engineered rubber components, including rubber hoses and assemblies, rubber profiles and beadings, and rubber moulded parts. The company caters primarily to automotive, railway, and defence segments, following a B2B business model.Defrail operates two manufacturing facilities in Faridabad, Haryana, and focuses on application-specific design, customisation, and integrated manufacturing capabilities. The promoters include Vivek Aggarwal, Abhishek Aggarwal, Ashi Aggarwal, and Dinesh Aggarwal.
With anchor participation secured at the upper end of the price band, the Defrail Technologies IPO enters the public subscription phase with institutional backing already in place, as investors now turn their attention to subscription trends over the four-day bidding window.
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