Defrail Technologies IPO
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Defrail Technologies IPO details
Schedule of Defrail Technologies
| Issue open date | 09 Jan 2026 |
| Issue close date | 13 Jan 2026 |
| UPI mandate deadline | 13 Jan 2026 (5 PM) |
| Allotment finalization | 14 Jan 2026 |
| Refund initiation | 15 Jan 2026 |
| Share credit | 15 Jan 2026 |
| Listing date | 16 Jan 2026 |
| Mandate end date | 28 Jan 2026 |
| Lock-in end date for anchor investors (50%) | 13 Feb 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Apr 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Defrail Technologies
Defrail Technologies Limited was incorporated on October 9, 2023, as a public limited company under the Companies Act, 2013. The business was transitioned from two promoter-led proprietorships—Impex Hitech Rubber and Vikas Rubber Industries—through a business transfer agreement, bringing established operations under a single corporate structure. The company is promoted by Mr Vivek Aggarwal, Mr Abhishek Aggarwal, Ms Ashi Aggarwal, and Mr Dinesh Aggarwal. Defrail Technologies is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and rubber moulded parts. Its products cater to a wide range of industries such as automotive, railways, and defence, with a focus on application-specific design and customisation. The company operates two manufacturing facilities in Faridabad, Haryana, supporting scalable production and quality control. Defrail follows a B2B business model, supplying engineered rubber components to OEMs and industrial customers. Its strengths lie in promoter experience, integrated manufacturing capabilities, customisation expertise, and diversified end-use applications.
Financials of Defrail Technologies
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Total issue size | 13.77 |
| Fresh Issue – Proceeds go to the company | 13.77 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Purchase of equipment/machinery | 7.96 (57.78%) |
| Purchase and installation of solar panels | 1.73 (12.56%) |
| General corporate purposes | 4.08 (29.66%) |
Strengths
- Established promoter background with prior operating history in rubber manufacturing.
- In-house manufacturing with two operational plants in Faridabad, Haryana.
- Strong focus on rubber hoses and assemblies with proven demand.
- Customised product offerings across automotive, railways and defence sectors.
- Growing revenues supported by long-term OEM customer relationships.
Risks
- High dependence on rubber hoses and assemblies for the majority of revenue.
- Significant reliance on the automotive sector exposes cyclicality risk.
- Revenue concentration among a limited number of large customers.
- Manufacturing facilities are on leased premises, posing continuity risk.
- Under-utilisation of installed capacity may impact operating margins.