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(06/01/2026 11:00)

Defrail Technologies announces launch of initial public offering

Defrail Technologies Ltd. has announced public offering of 1860800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 64.00 per share. The gross proceeds of the issue are expected to be Rs 1,376.99 lakhs.

The company's initial public offer (IPO) will open on 09 January 2026 and is expected to close on 13 January 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 70.00-74.00 per share.

The IPO includes a fresh Issue of 1860800 Equity Shares of the Company at an price of Rs 74.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Defrail Technologies Ltd. anticipates using the proceeds of the issue for .

Nexgen Financial Solutions Pvt. Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
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