Defrail Technologies Limited IPO

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Defrail Technologies Limited is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and rubber moulded parts. Its products cater to a wide range of industries such as Automotive, Railways, and Defence, with a strong focus on customized solutions based on client specifications and applications.

The Company operates two manufacturing plants in Faridabad, Haryana, with a combined manufacturing area of over 7,200 sq. yards. These facilities are equipped with modern machinery such as cold feed extruders, braiding machines, autoclaves, vulcanizers, and knitting machines, enabling the production of a wide range of rubber products.

Product Portfolio

Defrail Technologies manufactures a diverse range of rubber components, including:

i) Rubber Hoses and Assemblies
ii) Rubber Profiles and Beadings
iii) Rubber Moulded Parts

Its products are used in diesel and petroleum hoses, LPG hoses, nylon tubes, gaskets, grommets, air intake hoses, EPDM profiles, sponge rubber profiles, and other industrial applications.

Business Model and Customer Base

The Company primarily operates on a B2B model, supplying bulk orders to automotive OEMs and industrial clients. It also serves the B2G segment, supplying products to government bodies such as Indian Railways and Defence, though this contributes a smaller share of revenue.

Key Strengths

i) Experienced Management Team with decades of industry expertise
ii) RDSO Approved Vendor for railway brake hose components
iii) Diversified Product Portfolio across multiple industries
iv) Strong Customer and Supplier Relationships
v) In-house Testing and R&D Capabilities ensuring quality and innovation

Objects of the Defrail Technologies Limited IPO:

Company proposes to utilize the funds towards funding the following objects: 1. Capital Expenditure (₹7.96 cr) 2. General Corporate Purposes (₹1.73 cr)
DRHP of Defrail Technologies Limited IPO
RHP of Defrail Technologies Limited IPO

Defrail Technologies Limited IPO Details:

Open Date: Jan 09 2026
Close Date: Jan 13 2026
Total Shares: 18,60,800
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 14 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 70-74 Per Equity Share
Listing At: BSE SME
Listing Date: Jan 16 2026

Promoters And Management:

1. Mr. Vivek Aggarwal (38 years) is the Chairman, Managing Director, and Promoter of the Company and has been associated since its incorporation on October 9, 2023. He was redesignated as Managing Director on July 10, 2024. He holds a B.Com from the University of Delhi and an MBA in Marketing and Finance from IMT Ghaziabad. With over 16 years of experience in rubber hose manufacturing, he oversees the Company’s overall management and operations. 2. Mr. Abhishek Aggarwal (37 years) is the Promoter, Director, and Chief Financial Officer of the Company since incorporation. He holds an MBA in Operations Management and a BCA degree and has over 14 years of experience in financial management and strategic planning. He manages the Company’s finance and accounting functions. 3. Ms. Ashi Aggarwal (61 years) is the Promoter and Non-Executive Director of the Company since February 14, 2024. She holds a B.Ed. degree and has 16 years of experience in the rubber hose manufacturing industry, providing operational guidance and ensuring quality standards.

Financials of Defrail Technologies Limited IPO:

Particulars 6M FY2025-26 FY 2024-25 FY 2023-2024
Revenue from Operations (Cr) 39 62 0.71
EBITDA (Cr) 3 6 0.14
EBITDA Margins 9% 9% 20%
PAT (Cr) 1.51 3.42 0.11
PAT Margins 3.85% 5.49% 14.7%
ROCE 13% 24% -2.5%
D/E ratio 1.11 1.27 2.66
Operating Cash Flows (Cr) 1.36 -1.64 -0.05

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Defrail Technologies Limited 62 9% 6% 24% 1.27 52 17.2
Pentagon Rubber Limited 49.13 8% 3% 7.40% 0.88 54 23
Gujrat Reclaim & Rubber Product Limited 550 13% 5.60% 17.50% 1.12 913 33

Lead Manager of Defrail Technologies Limited IPO:

  1. Nexgen Financial Solutionds Pvt Ltd

Registrar of Defrail Technologies Limited IPO:

  1. Maashitla Securities Pvt. Limited

Discussion on Defrail Technologies Limited IPO:

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