Defrail Technologies Limited is engaged in the manufacturing of a wide range of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber parts. The company’s products cater to multiple end-use industries such as automotive, railways, and defence, offering both standardised products and customised solutions aligned with specific customer requirements.
The company’s business roots date back to 1980 with the establishment of Vikas Rubber Industries, followed by the incorporation of Impex Hitech Rubber in 2008 to cater to B2B customers with enhanced manufacturing capabilities.
Subsequently, on April 1, 2024, the businesses of Vikas Rubber Industries and Impex Hitech Rubber were consolidated into Defrail Technologies Limited through Business Transfer Agreements, enabling streamlined operations under a single corporate entity.
Defrail Technologies primarily operates on a B2B business model, supplying bulk rubber components mainly to automotive OEMs and ancillary customers. In addition, the company services the B2G segment, supplying products directly to government bodies such as Indian Railways and the Defence sector.
The company operates two manufacturing facilities located in Faridabad, Haryana:
- Neemka, Tigaon Road, Sector 71 – approx. 2,420 sq. yards
- Sector 24, Faridabad – approx. 4,833.33 sq. yards
These facilities are equipped with advanced machinery to manufacture a diverse product range, including diesel and petroleum hose pipes, LPG hose pipes, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponges, and aluminium window rubber beadings.
Defrail Technologies Limited is ISO 9001:2015 certified, reflecting adherence to established quality management systems. The company is also registered on the Government e-Marketplace (GeM) platform, enabling participation in government procurement tenders and vendor contracts.
As of November 30, 2025, the company employed 298 permanent employees.
Defrail Technologies IPO – Details
| IPO Opening Date | 09 January 2026 |
| IPO Closing Date | 13 January 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 18,60,800 Shares Worth ₹29.00 Crore Fresh Issue: 18,60,800 Shares Worth ₹29.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | – |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Defrail Technologies IPO – Date Schedule
| IPO Open Date | 09 January 2026 |
| IPO Close Date | 13 January 2026 |
| Basis of Allotment | 14 January 2026 |
| Initiation of Refund | 15 January 2026 |
| Credit of Shares to Demat | 15 January 2026 |
| IPO Listing Date | 16 January 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 13, 2026 |
Defrail Technologies IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- The company has experienced management with strong knowledge of its industry and operations.
- The company is an RDSO-approved vendor, enabling it to supply products to the Indian Railways sector.
- The company offers a diversified product range that caters to multiple industries.
- The company maintains strong relationships with both customers and suppliers, which support stable, consistent business operations.
- The company has an in-house testing and research and development center, supporting product quality and innovation.
Company Promoters
- Mr. Vivek Aggarwal
- Mr. Abhishek Aggarwal
- Ms. Ashi Aggarwal
- Mr. Dinesh Aggarwal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2024 | ₹0.72 Cr | ₹0.57 Cr | ₹0.11 Cr | ₹0.41 Cr |
| 31 March 2025 | ₹62.22 Cr | ₹58.24 Cr | ₹3.42 Cr | ₹11.56 Cr |
| 30 September 2025 | ₹39.08 Cr | ₹36.48 Cr | ₹1.51 Cr | ₹11.78 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 73.72% |
| ROCE | 24.43% |
| Debt/Equity | 1.27 |
| RoNW | 73.72% |
| PAT Margin | 5.49% |
| EBITDA Margin | 9.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Purchase of equipment/machineries. | ₹7.96 |
| Purchase and installation of Solar Panel. | ₹1.73 |
| General corporate purposes. | – |
✅Strengths
- Long operating history with promoter experience since 1980.
- Diversified rubber product portfolio across multiple applications.
- Presence in both B2B (automotive) and B2G (railways, defence) segments.
- In-house manufacturing with two facilities in Faridabad.
- ISO 9001:2015 certification and GeM registration enabling govt tenders.
⚠️Risks
- High dependence on the automotive sector.
- Revenue concentration from limited key customers.
- Exposure to raw material price fluctuations.
- Limited corporate track record post incorporation in 2023.
- Manufacturing units are concentrated in a single geographic region.
Defrail Technologies IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Defrail Technologies IPO Prospectus
- Defrail Technologies IPO DRHP
- Defrail Technologies IPO RHP
Company Contact Information
| Defrail Technologies Ltd. Plot no 180, Sector 24, Sector 22, Faridabad, Haryana, 121005 Phone: 0129 – 487 8760 Email: cs@defrailtech.com Website: https://www.defrailtech.in/ |
Defrail Technologies IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: +91-11-45121795-96 Email: investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Defrail Technologies IPO Lead Manager(s)
| 1. NEXGEN Financial Solutions Private Limited |
Defrail Technologies IPO FAQ
| What is the Defrail Technologies IPO? Defrail Technologies IPO is an SME IPO. The issue is priced at ₹[] – ₹[] per equity share. The IPO is to be listed on BSE SME. |
| When will Defrail Technologies IPO open? The IPO is to open on 09 January 2025 for QIB, NII, and Retail Investors. |
| What is Defrail Technologies IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Defrail Technologies IPO Size? Defrail Technologies IPO size is ₹[] Crore. |
| What are the Defrail Technologies IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is [] Shares for ₹[], while the maximum bid is [] Shares for ₹[]. |
| What is the Defrail Technologies IPO Allotment Date? Defrail Technologies IPO allotment date is 14 January 2026. |
| What is the Defrail Technologies IPO Listing Date? Defrail Technologies IPO listing date is 16 January 2026. The IPO is to be listed on the BSE SME. |
