Defrail Technologies IPO 2026 – GMP, Price Band, Dates, Financials, Risks & SME IPO Review
The Defrail Technologies IPO is an upcoming SME IPO scheduled to open in January 2026. Defrail Technologies Limited operates in the rubber components manufacturing sector, supplying critical rubber parts to the automotive, railway, and defence industries. With improving profitability, ISO certification, and approved vendor status with Indian Railways, the IPO has attracted attention from SME-focused investors.
This article provides a complete and aggressive SEO breakdown of the Defrail Technologies IPO, covering IPO details, financials, strengths, risks, GMP, FAQs, and investment outlook.
About Defrail Technologies Limited
Defrail Technologies Limited is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, seals, gaskets, bellows, and moulded rubber products.
The company serves diversified end-user industries such as:
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Automotive
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Railways
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Defence
Founded in 2023, the company has rapidly built technical capabilities and obtained ISO 9001:2015 certification, reflecting a structured quality management system.
Key Company Information
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Company Name: Defrail Technologies Limited
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Incorporation Year: 2023
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Managing Director & CEO: Mr. Vivek Agarwal
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Industry: Rubber Components Manufacturing
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Certifications: ISO 9001:2015
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Market Segment: SME
Defrail Technologies IPO Details
| Particulars | Details |
|---|---|
| IPO Opening Date | 09 January 2026 |
| IPO Closing Date | 13 January 2026 |
| IPO Type | SME IPO |
| Price Band | ₹70 – ₹74 per share |
| Lot Size | 1,600 shares |
| Minimum Investment | ₹2,24,000 |
| Issue Size | ₹13.77 crore |
| Face Value | ₹10 per share |
| Tentative Allotment Date | 14 January 2026 |
| Tentative Listing Date | 16 January 2026 |
| Listing Exchange | BSE SME |
| Registrar | Yet to be announced |
Defrail Technologies IPO Financials
(All figures in ₹ Crore)
Revenue Performance
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FY 2023: ₹33.62 Cr
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FY 2024: ₹26.43 Cr
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FY 2025: ₹72.71 Cr
Profit After Tax (PAT)
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FY 2023: ₹0.88 Cr
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FY 2024: ₹1.43 Cr
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FY 2025: ₹3.42 Cr
📊 Financial Insight:
The company has demonstrated a sharp jump in revenue and profits in FY25, indicating improved order execution, higher capacity utilization, and expanding client base.
Strengths of Defrail Technologies IPO
✅ Approved Vendor for Indian Railways
The company has received approved vendor status from the Research Designs and Standards Organisation (RDSO), enabling participation in Indian Railways tenders — a strong credibility booster.
✅ Diversified Product Portfolio
Manufactures hoses, seals, gaskets, bellows, and moulded components, reducing dependence on a single product line.
✅ ISO 9001:2015 Certification
Ensures standardized manufacturing processes and quality consistency.
✅ Rapid Profit Growth
PAT increased from ₹0.88 Cr (FY23) to ₹3.42 Cr (FY25), showing strong earnings momentum.
✅ Repeat Customer Orders
Long-term relationships with customers contribute to stable order flow and revenue visibility.
Risks & Challenges of Defrail Technologies IPO
⚠ Customer Concentration Risk
Top customers contribute a large share of revenue. Loss of any major client may impact financial performance.
⚠ Sector Dependency
Significant exposure to automotive and railway sectors, making the business sensitive to policy or demand slowdown.
⚠ High SME Volatility
As an SME IPO, shares may experience high price volatility and low liquidity post listing.
⚠ Working Capital Intensive
Operations rely heavily on short-term borrowings and trade receivables.
⚠ Geographical Revenue Concentration
A large portion of revenue originates from Haryana, increasing regional risk.
Defrail Technologies IPO GMP (Grey Market Premium)
📈 Latest GMP (Unofficial):
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Expected GMP: ₹10 – ₹15 per share (subject to market conditions)
💡 What GMP Indicates:
A positive GMP suggests moderate listing gains, but investors should note that GMP is unofficial and speculative and can change rapidly.
Defrail Technologies IPO – Investment Outlook
Defrail Technologies IPO may appeal to high-risk investors seeking exposure to SME manufacturing companies with:
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Strong revenue growth
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Railway sector linkage
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Improving profitability
However, investors must be cautious due to SME liquidity risk, customer concentration, and sector cyclicality.
Defrail Technologies IPO FAQs
Q1. What is the issue size of Defrail Technologies IPO?
The total issue size is ₹13.77 crore.
Q2. What is the price band of the IPO?
The IPO price band is ₹70 – ₹74 per share.
Q3. What is the minimum investment required?
Minimum investment is ₹2,24,000 (1,600 shares).
Q4. When will the IPO open and close?
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Open: 09 January 2026
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Close: 13 January 2026
Q5. When is the allotment date?
Tentative allotment date is 14 January 2026.
Q6. Where will the shares be listed?
The shares will be listed on BSE SME.
Q7. Is this IPO suitable for long-term investment?
It may suit risk-tolerant SME investors, not conservative investors.
SEO Meta Description (Use Directly)
Defrail Technologies IPO 2026 opens on Jan 9. Check IPO GMP, price band, allotment date, financials, risks, strengths & SME IPO review before investing.
SEO Short Snippets (Featured Snippet Ready)
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Defrail Technologies IPO Price Band: ₹70–₹74
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Defrail Technologies IPO GMP: ₹10–₹15 (Unofficial)
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Defrail Technologies IPO Date: 9–13 January 2026
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Defrail Technologies IPO Lot Size: 1,600 shares
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Defrail Technologies IPO Listing: BSE SME
Disclaimer
This article is for educational and informational purposes only. It does not constitute investment advice. SME IPOs involve high risk and volatility. Investors are advised to read the Red Herring Prospectus (RHP) carefully and consult a certified financial advisor before investing.
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