Defrail Technologies Limited IPO Review
Neutral70-74 · SME
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Analyst Verdict
Defrail Technologies Limited IPO
Neutral
IPO at a Glance
Price Band
70-74
Issue Size
14cr
Min. Investment
₹1,18,400
Opens
2026-01-07
Closes
2026-01-11
Listing
2026-01-14
Category
SME
Key Strengths
✓Established promoter background with prior operating history in rubber manufacturing.
✓In-house manufacturing with two operational plants in Faridabad, Haryana.
✓Strong focus on rubber hoses and assemblies with proven demand.
✓Customised product offerings across automotive, railways and defence sectors.
✓Growing revenues supported by long-term OEM customer relationships.
Key Risks
⚠High dependence on rubber hoses and assemblies for the majority of revenue.
⚠Significant reliance on the automotive sector exposes cyclicality risk.
⚠Revenue concentration among a limited number of large customers.
⚠Manufacturing facilities are on leased premises, posing continuity risk.
⚠Under-utilisation of installed capacity may impact operating margins.
Frequently Asked Questions
Should I apply for Defrail Technologies Limited IPO?
Based on our analysis, our rating for Defrail Technologies Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Defrail Technologies Limited IPO?
High dependence on rubber hoses and assemblies for the majority of revenue. Significant reliance on the automotive sector exposes cyclicality risk. Revenue concentration among a limited number of large customers.
What are the strengths of Defrail Technologies Limited IPO?
Established promoter background with prior operating history in rubber manufacturing. In-house manufacturing with two operational plants in Faridabad, Haryana. Strong focus on rubber hoses and assemblies with proven demand.
What is the price band of Defrail Technologies Limited IPO?
The price band for Defrail Technologies Limited IPO is 70-74. The IPO has closed.
Full Analysis Available
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