Defrail Technologies IPO allotment: How to check status online on Maashitla Securities, BSE; listing date, time revealed

Defrail Technologies IPO allotment: The basis of allotment of Defrail Technologies IPO is likely to be finalised on Wednesday, January 14. The details will be out on the websites of the registrar Maashitla Securities and BSE.

The SME issue was subscribed 98.19 times during the three-day bidding period, with bids for 13,18,04,800 shares as against 13,42,400 shares on offer, according to the data on BSE website.

The ₹13.77 crore issue, with a price band of ₹70 to ₹74 per equity share, was solely a fresh issuance of 18,60,800 shares without an offer for sale (OFS) component.

The objectives of the issue include capital expenditure requirements and corporate general purposes. In its red herring prospectus, the firm said, "Our company believes that listing will enhance our company’s corporate image, brand name and create a public market for its equity shares in India."

Defrail Technologies is engaged in the manufacturing of rubber parts and components, including rubber profiles and readings, rubber hoses and assemblies, and rubber moulding parts. The products are used in industries like railways, automotive and defence.

Defrail Technologies IPO allotment date and time

Defrail Technologies IPO allotment is expected to be finalised on Wednesday, January 14, by late evening.

Defrail Technologies IPO allotment status online on BSE; full steps

• Open BSE's IPO application check page on your website: https://bseindia.com/investors/appli_check.aspx.
• Select ‘Equity’ as the issue type
• From IPO names, pick 'Defrail Technologies Ltd'
• Fill in your IPO application number or PAN card details
• Click on the 'Search' button

How to check Defrail Technologies IPO allotment status online on Maashitla Securities

• Head to the registrar's IPO status page: https://maashitla.com/allotment-status/public-issues
• Pick 'Defrail Technologies Limited' from the issue names
• Verify yourself using PAN, Application Number or Demat Account Number
• Hit the 'Submit' button

Defrail Technologies IPO listing date and time

Shares of Defrail Technologies IPO will debut on the SME platform of BSE on Friday, January 16.

Defrail Technologies IPO GMP

According to media reports and investorgain.com, Defrail Technologies's unlisted shares are trading at ₹82, reflecting a grey market premium of 10.81% over the upper price band of ₹74.