Defrail Technologies Limited
IPO Details
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Company Fin.
₹14(18.92%)
Premium (ELP)
The Initial Public Offering of Defrail Technologies Limited's culminated in its successful listing on Jan 19, 2026 at the BSE trading platform. The company secured 18,60,800 Shares through this capital market exercise, with 18,60,800 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹70 to ₹74, with minimum investment requirements of 1600 shares. The subscription period from Jan 09, 2026 to Jan 13, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 14, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Defrail Technologies Limited, incorporated in October 2023, is engaged in the manufacturing of rubber parts and components such as rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts used across automotive, railways, and defence sectors, offering both standard and customised solutions to meet client requirements. The company’s roots go back to 1980 with Vikas Rubber Industries, followed by Impex Hitech Rubber in 2008, and both businesses were consolidated into the present entity on April 1, 2024 through Business Transfer Agreements. Operating mainly on a B2B model and also serving B2G clients including Indian Railways and Defence, the company runs two manufacturing units in Faridabad, Haryana at Neemka, Tigaon Road, Sector 71 and Sector 24, equipped with advanced machinery to produce a wide range of products such as diesel and petroleum hoses, LPG hoses, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponges, and aluminium window rubber beadings. The company is ISO 9001:2015 certified, registered on the Government e-Marketplace for public procurement, and had 298 permanent employees as of November 30, 2025.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Legacy and Industry Experience – Backed by roots dating back to 1980 through its predecessor entities, the company benefits from decades of technical expertise, established manufacturing practices, and long-standing customer relationships across multiple industrial segments.
- Diversified Product Portfolio and End-User Segments – The company offers a wide range of rubber hoses, profiles, and moulded components with both standard and customised solutions, catering to automotive, railways, and defence sectors, which helps reduce dependence on any single industry.
- Robust Manufacturing Setup and Quality Compliance – Operating two advanced manufacturing units in Faridabad with modern machinery, supported by ISO 9001:2015 certification and Government e-Marketplace registration, the company ensures consistent quality, operational efficiency, and access to B2G opportunities.
- Limited Operating History as a Consolidated Entity – Although the business has a long legacy through predecessor firms, Defrail Technologies Limited was incorporated only in October 2023, and the consolidated structure has a relatively short standalone track record.
- Geographic Concentration of Manufacturing Facilities – All manufacturing units are located in Faridabad, Haryana, which may expose the company to operational disruptions, regional risks, or logistical challenges compared to companies with geographically diversified plants.
- Dependence on Industrial and Government Orders – A significant portion of revenue comes from B2B and B2G clients in sectors such as automotive, railways, and defence, making performance sensitive to industrial demand cycles, government procurement policies, and order execution timelines.
- Mr. Vivek Aggarwal
- Mr. Abhishek Aggarwal
- Ms. Ashi Aggarwal
- Mr. Dinesh Aggarwal
Defrail Technologies Limited
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