Defrail Technologies, a maker of rubber parts for automotive, rail and defence, is launching its IPO on the BSE SME platform.
Key Subscription Details
- Issue size: Rs 13.77 crore (18.6 lakh shares)
- Price band: Rs 70–74 per share (face value Rs 10)
- Opening date: Friday (subscription closes Jan 13)
- Listing date: Jan 16 on BSE SME
- No offer‑for‑sale; all proceeds go to the company
- Minimum retail lot: 3,200 shares (about Rs 2.36 lakh at the top of the band)
Grey Market Premium
In the unofficial grey market, the shares are trading about 8% above the top of the price band. This suggests investors expect a modest rise after listing, but remember grey market prices can change quickly, especially for SME issues with limited liquidity.
What Defrail Technologies Does
The company manufactures custom rubber hoses, assemblies, profiles, beadings and molded products. Its customers include auto manufacturers, Indian Railways and defence organisations. It operates two factories in Faridabad, Haryana.
Recent Financial Performance
- Revenue (6‑month to Sep 2025): Rs 39.08 crore
- Profit after tax (6‑month): Rs 1.51 crore
- Full‑year FY 2025 revenue: Rs 62.22 crore
- Full‑year FY 2025 net profit: Rs 3.42 crore
- Total borrowings (Sep 2025): Rs 11.78 crore
Lead Managers
Book‑running lead manager: NEXGEN Financial Solutions.
Registrar: Maashitla Securities.
Disclaimer
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.