Defrail Technologies Lists on BSE SME, Shares Open 28% Above IPO Price

Defrail Technologies, a manufacturer of rubber parts for automotive, railways, and defence sectors, debuted on the BSE SME platform on January 19, 2026. The Rs 14 crore IPO, priced at Rs 74 per share, was oversubscribed over 98 times. Shares listed at Rs 95, a 28% premium, and traded up to Rs 99.75 before settling slightly lower. The company raised funds for equipment, solar panel installation, and corporate purposes, with strong investor interest reflected in both grey market and official listings.