Defrail Technologies Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹74
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,18,400
Issue Size
₹13.77 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.32%
QIB Quota
49.46%
NII Quota
15.22%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Defrail Technologies Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.52%
Issue Type
Book Building - SME
ISIN
INE0ZE201010
About the Company
The Company is engaged in the business of manufacturing rubber parts & components including Rubber Hose and Assemblies, Rubber Profiles and Beadings and Rubber Moulding parts. Its Products have diverse application across different industries including Automotive, Railways and Defence. The Company assists clients in selecting the right type of product for their applications while also providing design and customization options according to the intended use.
Industry Overview
The rubber industry has firmly established itself as a key sector in India and is on track to become the second-largest player globally. The rapid expansion of rubber product manufacturing and consumption, driven by positive interventions from institutional agencies aimed at achieving self-sufficiency and import substitution, has been a major factor in the industry's growth and development. Synthetic rubber plays a crucial role in achieving the desired properties of various rubber products. In India, synthetic rubber constitutes about 30% of the total rubber consumption, compared to the significantly higher global average of 65%. To narrow this gap, the government actively promotes the establishment and expansion of synthetic rubber plants across the country.
Company History
The Company was incorporated on October 09, 2023 as a Public Limited Company under the provisions of the Companies Act, 2013, with the registrar of Delhi & Haryana. Prior to its incorporation, the business was carried by its present promoter Ms. Ashi Aggarwal as a sole Proprietorship Firm under the name of "Impex Hitech Rubber", and Mr. Dinesh Aggarwal as a sole Proprietorship Firm under the name of "Vikas Rubber Industries". Thereafter, pursuant to a Business Transfer Agreement dated April 01, 2024, the Company acquired the entire running business on a going concern basis with the Assets and Liabilities of "Impex Hitech Rubber" and "Vikas Rubber Industries". As on date of this Red Herring Prospectus, The Corporate Identification Number is U30204HR2023PLC115548.
Products & Services
- The Company is engaged in the business of manufacturing rubber parts & components including Rubber Hose and Assemblies, Rubber Profiles and Beadings and Rubber Moulding parts.
Growth Strategy
- Expansion of Rubber Manufacturing Capacity.
- Automation and New Customer Acquisition.
- To continue expanding its business by including new customized products and services.
- Optimal Utilization of Resources.
- Attract and Keep Talented Employees.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering up to 18,60,800 equity shares of Rs. 10/- each ("Equity Shares") of Defrail Technologies Limited ("DTL" or the "Company" or the "Issuer") for cash at a price of Rs.74 per equity share including a share premium of Rs.64 per equity share (the "issue price") aggregating to Rs.13.77 crores ("the Issue"). The issue includes a reservation of up to 94,400 equity shares aggregating to Rs. 0.70 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of up to 17,66,400 equity shares aggregating to Rs.13.07 crores (the "Net Issue"). The public issue and net issue will constitute 26.49% and 25.15% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 74 per equity share of face value Rs. 10/- each. The floor price is 7.4 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Good track record.
- Effective market anticipation.
- Cordial relations with its clients.
- Emerging segment in India.
- Inaccuracies in the Chartered Engineer Certificate may affect the reliability of disclosures Company's reputation, compliance requirements and its ability to provide timely and accurate information.
- The company is majorly dependent on the Rubber Hose and Assemblies products, any decline in the demand for these products can affect its revenue and result of operations.
- The company is majorly dependent on the performance of the Automobile Sector in India. Any adverse changes in the conditions affecting these markets can adversely impact on its business, results of operations and financial condition.
- Under-utilization of the company's current manufacturing facility and any inability to effectively utilize its proposed manufacturing capacity could have an adverse effect on the company's business, future prospects, and future financial performance.
- The property used by the company as its registered office and manufacturing facility are not owned by the company. Any termination of the relevant lease/ rent agreements could adversely affect its operations.