ListedSMEDEFRAIL

Defrail Technologies IPO

Defrail Technologies IPO is an SME IPO raising ₹14 Cr at ₹70 – ₹74 a share. It listed on 16 Jan 2026 and trades at ₹72 today, −2.7% against its issue price of ₹74. It was subscribed 78× in total.

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₹74

Issue price

₹72

Price now

−2.7%

Since issue price

16 Jan 2026

Listed on

78×Subscribed (final) · all exchanges

78.3 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹70 – ₹74

Cut-off price₹74

Issue size₹14 Cr

Shares per lot1600

Minimum application₹1,18,400

Minimum quantity3200

Face value₹10

Listing exchangesBSE

ISININE0ZE201010

Bidding hours10:00 – 17:00 IST

Bidding window9 Jan 2026 – 13 Jan 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.