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Defrail IPO Opens: Rs 13.77 Cr Boost for Auto Parts
9 Jan
Summary
- Defrail Technologies' Rs 13.77 crore IPO opens Friday on BSE SME.
- The company manufactures rubber parts for automotive, railways, and defence.
- A modest grey market premium suggests expectations of moderate listing gains.
Defrail Technologies is set to launch its Rs 13.77 crore Initial Public Offering (IPO) on Friday, January 10, 2026, on the BSE SME platform. This book-built issue, comprising a fresh offer of 18.6 lakh shares, aims to secure capital for significant capacity expansion and general corporate needs.
The company, a manufacturer of essential rubber parts like hoses and profiles, serves critical industries including automotive, railways, and defence. With a legacy tracing back to 1980, Defrail Technologies consolidated its operations in April 2024 and operates two facilities in Faridabad, Haryana. Its B2B model focuses on supplying bulk orders to automotive clients and government entities.
The IPO's price band is set between Rs 70-74 per share, with the issue closing on January 13, 2026, and listing expected on January 16, 2026. The current grey market premium hovers around 8%, indicating anticipated modest listing gains, though market participants advise caution on this unofficial indicator.
