Defrail Technologies IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2024 | 2025 | September 2025 |
|---|---|---|---|
| Revenue | 0.72 | 62.22 | 39.08 |
| Expense | 0.57 | 58.24 | 36.48 |
| Profit (PAT) | 0.11 | 3.42 | 1.51 |
| Total Assets | 1.22 | 33.91 | 37.22 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Pentagon Rubber Limited | 86.59 | 0.82 | 2 |
| Gujrat Reclaim & Rubber Product Limited | 265.72 | 6.36 | 2 |
Promoters: Mr. Vivek Aggarwal, Mr. Abhishek Aggarwal, Ms. Ashi Aggarwal, and Mr. Dinesh Aggarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 51,63,620 | 100.00% |
| Promoter Holding Post Issue | 70,24,420 | 73.52% |
Company Information
Defrail Technologies Limited, founded in October 2023, manufactures Rubber parts such as rubber hoses and assemblies, rubber profiles and beadings, and moulded rubber components. Its products are used in various industries such as automotive, railways, and defence sectors. The firm started its journey in 1980 with Vikas Rubber Industries. Later, in 2008, Impex Hitech Rubber was set up to serve B2B customers. On April 1, 2024, both these businesses were merged into Defrail Technologies Limited to serve the B2G segment by offering products directly to government bodies like Indian Railways and the Defence sector. The company runs its 2 manufacturing Faridabad, Haryana, located at Neemka, Tigaon Road, Sector 71 (2,420 sq. yards) and Sector 24, Faridabad (4,833.33 sq. yards). Its facilities use modern machines to make rubber products along with diesel and petroleum hose pipes, LPG hose pipes, nylon tubes, gaskets, grommets, and air intake hoses.
| Purpose | Amount (Cr) |
|---|---|
| Purchase of equipment/machineries | 7.96 |
| Purchase and installation of Solar Panel | 1.73 |
| General Corporate Purpose | - |
Resources & Documents
Defrail Technologies Ltd., Plot no. 180, Sector 24,, Sector 22,, Faridabad, Haryana, 121005
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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