GMP IPO Watch
Defrail Technologies IPO: A Micro-Cap Opportunity in the Rubber & Polymer Sector?
Defrail Technologies Limited, a specialized manufacturer of rubber and polymer-based compo...
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D
SME IPO
LISTED
NSE, BSE
DEFRAILTECHNOLOGIES
Defrail Technologies IPO
Defrail Technologies IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹21
+28.4%
Est. Listing: ₹95.00
Price Band
₹70 - ₹74
Per equity share
Lot Size
1600 Shares
Min Invest: ₹2,36,800
Issue Size
₹74 Cr
Total Public Offering
Issue Dates
8 January 2026 – 12 January 2026
Bidding period
Subscription
—
Total overall demand
Defrail Technologies IPO Details
Key facts at a glance| IPO Open Date | 8 January 2026 | IPO Close Date | 12 January 2026 |
|---|---|---|---|
| Basis of Allotment | 13 January 2026 | Listing Date | 18 January 2026 |
| Price Band | ₹70 - ₹74 per share | Face Value | ₹10 per share |
| Market Lot Size | 1600 Shares | Min Investment (Retail) | ₹2,36,800 |
| Total Issue Size | ₹74 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Defrail Technologies IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 8 January 2026 | Confirmed |
| IPO Close Date | 12 January 2026 | Confirmed |
| Basis of Allotment | 13 January 2026 | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 18 January 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Defrail Technologies IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 3,200 Shares | ₹2,36,800 |
| Retail (Max) | 2 Lots | 3,200 Shares | ₹2,36,800 |
| S-HNI (Min) | 3 Lots | 4,800 Shares | ₹3,55,200 |
| S-HNI (Max) | 8 Lots | 12,800 Shares | ₹9,47,200 |
| B-HNI (Min) | 9 Lots | 14,400 Shares | ₹10,65,600 |
Defrail Technologies IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹21 +28.4%
Estimated Listing Price
₹95.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 19 Jan 2026 | ₹17 | ₹91.00 | +22.97% |
| 16 Jan 2026 | ₹10 | ₹84.00 | +13.51% |
| 13 Jan 2026 | ₹8 | ₹82.00 | +10.81% |
| 12 Jan 2026 | ₹6 | ₹80.00 | +8.11% |
| 8 Jan 2026 | ₹2 | ₹76.00 | +2.70% |
| 7 Jan 2026 | ₹0 | ₹74.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Defrail Technologies IPO Subscription Status
Demand breakdown by investor category
Retail
—
QIB
—
NII / HNI
—
Total
—
About Defrail Technologies
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.
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 |
Defrail Technologies IPO Reservation & Share Quotas
| 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 Important 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 ડિફ્રેલ ટેક્નોલૉજીસ IPO is tentative and subject to change.
Defrail Technologies IPO Important 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
Defrail Technologies 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 Financial Report
To Be Updated Soon
Defrail Technologies Company Valuation & Key Performance Indicators
To Be Updated Soon
Defrail Technologies Peer Group Comparison
To Be Updated Soon
Defrail Technologies 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. |
Defrail Technologies IPO FAQs
Defrail Technologies IPO opens for subscription on 8 January 2026 and closes on 12 January 2026.
The price band for Defrail Technologies IPO is set at ₹70.00 to ₹74.00 per share.
The minimum market lot size is 1600 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 3,200 Shares (₹2,36,800).
The latest Grey Market Premium (GMP) for Defrail Technologies IPO is ₹21.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Defrail Technologies IPO is tentatively scheduled for 13 January 2026, and shares are expected to list on the stock exchanges on 18 January 2026.
The registrar details will be confirmed in the official prospectus.
Defrail Technologies IPO Analysis & Articles