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Explore how Defrail Technologies Ltd’s IPO performed during its subscription period, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
Defrail Technologies Ltd., a technology-driven company, opened its initial public offering (IPO) on January 9, 2026, offering shares to the public for subscription. The company operates in the digital and technology services sector, providing innovative solutions to clients across various industries. As the company steps into the public market, it seeks to raise funds for expansion, technology upgrades, and general corporate purposes. The IPO has received initial applications from retail investors, with early participation observed from smaller investors and technology sector participants.
The issue is valued at ₹13.77 crore and is a Fresh Issue, offering equity shares in the price range of ₹70 to ₹74 per share.
On Day 1 of the bidding process, Defrail Technologies IPO saw moderate participation across the retail and non-institutional segments. However, institutional investors (QIBs) showed little interest on the first day.
The overall subscription on Day 1 stood at 0.40×, reflecting early investor caution but a decent response from smaller retail participants.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
0.57× |
Non-Institutional Investors (NII) |
0.49× |
Total |
0.40× |
The subscription pattern on Day 1 indicates that retail investors have shown early interest, while institutional investors are yet to make a significant move.
The Defrail Technologies Ltd. IPO recorded a robust improvement in subscriptions on Day 2, with the issue subscribed 6.75× overall. Retail and non-institutional investors continued to anchor demand, while QIB participation was absent at this stage.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
11.24× |
Non-Institutional Investors (NII) |
5.66× |
Total |
6.75× |
The strong retail-led participation indicates growing confidence in the SME issue, with expectations that institutional interest may emerge closer to the closing day.
The Defrail Technologies Ltd. IPO, as of Day 3, was subscribed 10.25× overall. Both Retail Individual Investors (RII) and Non-Institutional Investors (NII) showed substantial interest, reflecting positive market sentiment.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
15.77× |
Non-Institutional Investors (NII) |
10.75× |
Total |
10.25× |
The data indicates strong traction in retail and non-institutional segments, with retail investors particularly leading the charge.
The price band for the Defrail Technologies IPO is set between ₹70 and ₹74 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 1 lot (1,600 shares) and in multiples of 1,600 shares thereafter. At the upper price limit, one lot amounts to an investment of ₹1,18,400, which caters to both retail and non-institutional investors looking to invest in the tech sector.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
1,600 |
₹1,18,400 |
S-HNI (Min) |
2 |
3,200 |
₹2,36,800 |
B-HNI (Min) |
10 |
16,000 |
₹11,84,000 |
This pricing structure allows retail and institutional investors to participate in the technology sector.
For detailed insights about the company, issue particulars, and the latest updates, visit the Defrail Technologies IPO on Bajaj Markets.
The IPO follows a specific timeline, from opening for subscription to final share allotment and listing. Below are the key dates you should track:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
January 9, 2026 |
Issue opens for subscription |
IPO Close Date |
January 13, 2026 |
Final day to submit bids |
Basis of Allotment |
January 14, 2026 |
Finalisation of share allotment |
Refunds Initiation |
January 15, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
January 15, 2026 |
Shares credited to successful applicants |
Listing Date |
January 16, 2026 |
Shares to debut on NSE/BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Defrail Technologies IPO using two methods: ASBA (Net Banking) and UPI (through Broker Platforms).
ASBA is a secure and convenient way for investors to apply for the IPO, with the application amount blocked in the investor’s account until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select Defrail Technologies Ltd. IPO from the list of available IPOs.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The application amount will remain blocked in your account until allotment.
Once shares are allotted, the amount will be debited, and shares will be credited to your Demat account.
You can also apply using UPI through your stockbroker’s or financial marketplace’s platform.
Log in to your trading account or Demat account on the broker's platform.
Navigate to the IPO section and select Defrail Technologies Ltd. IPO.
Enter your application details, including the number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
The funds will be debited only if shares are allotted.
Once allotted, the shares will be credited to your Demat account.
You can also check other Upcoming Ipo’s here: Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on 19 Dec
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