31 Mar 2024
Assets1.22
Total Income0.72
EBITDA0.14
Profit After Tax0.11
NET Worth0.16
Reserves and Surplus0.11
Total Borrowing0.41
At a glance
Updated 2026-09-09Defrail Technologies is a SME IPO with an issue size of ₹13.77 crore, proposed for listing on BSE SME. The issue structure includes a fresh issue of ₹13.07 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹13.77 Cr
Fresh issue₹13.07 Cr
Face value₹10
Price band₹70.00–₹74.00
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗QIB71.09×
sHNI107.70×
bHNI123.29×
NII / HNI123.29×
Retail101.28×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 3200 | ₹236,800 |
| S-HNI (Min) | 3 | 4800 | ₹355,200 |
| S-HNI (Max) | 8 | 12800 | ₹947,200 |
| B-HNI (Min) | 9 | 14400 | ₹1,065,600 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of equipment/machineries | ₹7.96 Cr |
| Purchase and installation of Solar Panel | ₹1.73 Cr |
| General Corporate Purposes | ₹1.74 Cr |
| Issue expenses | ₹2.34 Cr |
| Total | ₹13.77 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue39.08₹ Cr · -37.2% vs prior year
EBITDA3.44₹ Cr · -40.5% vs prior year
PAT1.51₹ Cr · -55.8% vs prior year
Assets37.22₹ Cr · +9.8% vs prior year
Net Worth10.62₹ Cr · +16.4% vs prior year
Borrowing11.78₹ Cr · +1.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2025
Assets33.91
Total Income62.22
EBITDA5.78
Profit After Tax3.42
NET Worth9.12
Reserves and Surplus3.96
Total Borrowing11.56
30 Sep 2025
Assets37.22
Total Income39.08
EBITDA3.44
Profit After Tax1.51
NET Worth10.62
Reserves and Surplus5.46
Total Borrowing11.78
KPIs
| KPI | Mar 31, 2025 | Sep 30, 2025 |
|---|---|---|
| ROE | 73.72% | 11.44% |
| ROCE | 24.43% | 13.28% |
| Debt / Equity | 1.27% | 1.11% |
| RoNW | 73.72% | 11.44% |
| PAT Margin | 5.49% | 3.85% |
| EBITDA Margin | 9.29% | 8.80% |
| Price to Book Value | 4.19 |
Valuation & shareholding
Pre-IPO EPS6.62
Post-IPO EPS4.29
Pre-IPO P/E11.18
Post-IPO P/E17.25
Promoter holding pre100%
Promoter holding post73.51%
Market cap₹51.98 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Defrail Technologies IPO | — | 17.25 x | — | — |
| Horizon Reclaim IPO | — | 19.14 x | — | — |
| Speb Adhesives IPO | — | 17.22 x | — | — |
| Ameenji Rubber IPO | — | 14.04 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Purchase of equipment/machineries | ₹7.96 Cr |
| Purchase and installation of Solar Panel | ₹1.73 Cr |
| General Corporate Purposes | ₹1.74 Cr |
| Issue expenses | ₹2.34 Cr |
| Total | ₹13.77 Cr |
Registrar & lead managers
Registrar
Maashitla Securities Pvt.Ltd.Lead managers
- NEXGEN Financial Solutions Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-09.
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