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Defrail Technologies Ltd
MiscellaneousIPOSME
₹74 - 74
The Company is engaged in the business of manufacturing rubber parts & components including Rubber Hose and Assemblies, Rubber Profiles and Beadings and Rubber Moulding parts. Its Products have diverse application across different industries including Automotive, Railways and Defence. The Company assists clients in selecting the right type of product for their applications while also providing design and customization options according to the intended use.
Lot1,600Min Invest₹2,36,800Face Value₹10Issue Size₹14 CrFresh Issue₹14 CrListing Price₹95CMP₹72
Timeline
9 Jan
Bidding opens
13 Jan
Bidding closes
14 Jan
Allotment
15 Jan
Refund & demat credit
19 Jan
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹14 Cr0.19 Cr shares
Fresh Issue₹14 Cr
Face Value₹10
Lot Size1,600 shares
ReservationQIB 49.46% · NII 15.22% · RETAIL 35.32%
Application Sizes
Retail₹2,36,8001-1 lots
sNII₹2,36,800from 2 lots
bNII₹10,65,600from 9 lots
Managers & Registrar
Lead ManagerNexgen Financial Solution Private Limited
RegistrarMaashitla Securities Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%73.52%Public0.01%26.48%
Objects of the Issue
- Capital Expenditure- Purchase of equipment/machineries
- Capital Expenditure- Purchase and installation of Solar Panel at our Manufacturing Plants
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 1 | 62 | 80 |
| Operating ProfitCr | 0 | 6 | 8 |
| OPM% | 19.9 | 9.3 | 9.5 |
| PBTCr | 0 | 4 | 6 |
| PATCr | 0 | 3 | 4 |
| EPS | 21 | 5 | 7 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 0 | 5 | 7 |
| ReservesCr | 0 | 3 | 17 |
| BorrowingsCr | 0 | 12 | 9 |
| Total AssetsCr | 1 | 34 | 52 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 0 | -2 | -2 |
| Investing Cash FlowCr | 0 | -9 | -2 |
| Financing Cash FlowCr | 0 | 11 | 7 |
| Net Cash FlowCr | 0 | 1 | 3 |
Strengths & Risks
Strengths · as stated in the DRHP
- Good track record.
- Effective market anticipation.
- Cordial relations with its clients.
- Emerging segment in India.
Strategies · as stated in the DRHP
- Expansion of Rubber Manufacturing Capacity.
- Automation and New Customer Acquisition.
- To continue expanding its business by including new customized products and services.
- Optimal Utilization of Resources.
- Attract and Keep Talented Employees.
Risks · as stated in the DRHP
- Inaccuracies in the Chartered Engineer Certificate may affect the reliability of disclosures Company's reputation, compliance requirements and its ability to provide timely and accurate information.
- The company is majorly dependent on the Rubber Hose and Assemblies products, any decline in the demand for these products can affect its revenue and result of operations.
- The company is majorly dependent on the performance of the Automobile Sector in India. Any adverse changes in the conditions affecting these markets can adversely impact on its business, results of operations and financial condition.
- Under-utilization of the company's current manufacturing facility and any inability to effectively utilize its proposed manufacturing capacity could have an adverse effect on the company's business, future prospects, and future financial performance.
- The property used by the company as its registered office and manufacturing facility are not owned by the company. Any termination of the relevant lease/ rent agreements could adversely affect its operations.
- The company is dependents on a limited number of customers for a significant portion of its revenues. The loss of a major customer or significant reduction in demand from any of the company's major customers may adversely affect its business, financial condition, results of operations and prospects.