Defrail Technologies IPO GMP & Allotment
Defrail Technologies’ ₹13.77 crore book-build IPO is open from January 9 to January 13, 2026, with a price band set at ₹70 to ₹74 per share for listing on the BSE SME platform. The company saw a massive revenue jump to ₹62.22 crores in 2025 following a business consolidation, and with profits rising to ₹3.42 crores, analysts recommend the issue for long-term investors.
- IPO Price Band
- ₹70.00 - ₹74.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 13 Jan 2026
- Listing Date
- 19 Jan 2026
Complete IPO information
| IPO Open Date | 09 Jan 2026 |
|---|---|
| IPO Close Date | 13 Jan 2026 |
| IPO Price Band | ₹70.00 - ₹74.00 |
| Lot Size | 1,600 Shares |
| Current GMP | ₹21 |
| Estimated Listing Gain | +28.38% |
| Issue Size | - |
| Fresh Issue | - |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | 33% |
| Registrar | TBA |
| Overall Subscription | TBA |
| Minimum Investment | ₹2,36,800 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus | - |
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Defrail Technologies is priced at ₹74 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,36,800 to participate in this SME issue.
The latest recorded Grey Market Premium for Defrail Technologies stands at ₹21, implying an estimated listing gain of around 28.38% over the issue price if it holds until listing. This is up ₹7 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
IPO roadmap at a glance
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 19 Jan 2026 | ₹17.00 | +₹7.00 | 22.97% |
| 16 Jan 2026 | ₹10.00 | +₹2.00 | 13.51% |
| 13 Jan 2026 | ₹8.00 | +₹2.00 | 10.81% |
| 12 Jan 2026 | ₹6.00 | +₹4.00 | 8.11% |
| 08 Jan 2026 | ₹2.00 | +₹2.00 | 2.70% |
| 07 Jan 2026 | ₹0.00 | - | 0.00% |
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,36,800 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,36,800 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹3,55,200 |
| S-HNI Maximum | 8 Lot | 12,800 | ₹9,47,200 |
| B-HNI Minimum | 9 Lot | 14,400 | ₹10,65,600 |
Objects of the Issue & Official Documents
Defrail Technologies IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,36,800 |
| Retail Maximum | 2 | 3,200 | ₹2,36,800 |
| S-HNI Minimum | 3 | 4,800 | ₹3,55,200 |
| S-HNI Maximum | 8 | 12,800 | ₹9,47,200 |
| B-HNI Minimum | 9 | 14,400 | ₹10,65,600 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | 5,18,400 Shares | 27.86% |
| QIB (Ex. Anchor) | 3,55,200 Shares | 19.09% |
| NII Shares Offered | 2,68,800 Shares | 14.45% |
| Retail Shares Offered | 6,24,000 Shares | 33.53% |
Defrail Technologies IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 09 Jan 2026 |
| IPO Close Date | 13 Jan 2026 |
| Basis of Allotment | 14 Jan 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 19 Jan 2026 |
Note: The timeline for Defrail Technologies IPO is tentative and subject to change.
Defrail Technologies IPO Dates
| IPO Open Date | January 9, 2026 |
| IPO Close Date | January 13, 2026 |
| Basis of Allotment | January 14, 2026 |
| Refunds | January 15, 2026 |
| Credit to Demat Account | January 15, 2026 |
| IPO Listing Date | January 16, 2026 |
| IPO Bidding Cut-off Time | January 13, 2026 – 5 PM |
Defrail Technologies Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Objects of the Issue & Utilisation of Proceeds
| Purpose | ₹ in Crores |
|---|---|
| Purchase of equipment / machineries | ₹7.96 |
| Purchase and installation of Solar Panel | ₹1.73 |
| General Corporate Purpose | – |
Defrail Technologies Company Financials
To Be Updated Soon
Defrail Technologies Company Valuation – FY2026
To Be Updated Soon
Defrail Technologies IPO Peer Group Comparison
To Be Updated Soon
Peer Group Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Pentagon Rubber Limited | 0.82 | 86.59 | 1.95% | 4.22 | 0.63 Cr. |
| Gujrat Reclaim & Rubber Product Limited | 6.36 | 265.72 | 1.73% | 36.14 | 3.39 Cr. |
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