Defrail Technologies SME IPO Subscription Status
Defrail Technologies SME IPO closed on 13 January 2026 with an overall subscription of 105.61x based on shares applied. QIB demand came in at 71.09x, NII at 161.30x, and retail at 101.28x.
Allotment will be finalised on 14 January 2026. The stock is scheduled to list on NSE and BSE on 16 January 2026.
Issue Price
Rs 74.00
GMP Today
Rs 17.00 (+22.97%)
Overall Subscription
105.61x
Issue Size
₹13.07 Cr
Allotment Date
14 Jan 2026
Listing Date
16 Jan 2026
Defrail Technologies SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 74.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 2.63 Cr | Rs 186.85 Cr | 71.09x |
| FII | - | Rs 52.51 Cr | - |
| DFI | - | Rs 3.55 L | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 134.30 Cr | - |
| NII | Rs 1.99 Cr | Rs 320.85 Cr | 161.30x |
| bNII (above Rs 10L) | Rs 1.33 Cr | Rs 248.17 Cr | 187.14x |
| Corporate | - | Rs 11.05 Cr | - |
| Individual | - | Rs 234.17 Cr | - |
| Other | - | Rs 2.95 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 66.30 L | Rs 72.69 Cr | 109.63x |
| Corporate | - | Rs 1.53 Cr | - |
| Individual | - | Rs 70.37 Cr | - |
| Other | - | Rs 79.33 L | - |
| IND | Rs 4.62 Cr | Rs 467.66 Cr | 101.28x |
| Fixed price | - | Rs 467.66 Cr | - |
| Total | Rs 9.24 Cr | Rs 975.36 Cr | 105.61x |
Defrail Technologies SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 222 | 30 | 0.14x |
| FII | - | 8 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 21 | - |
| NII | 56 | 4,201 | 75.02x |
| bNII (above Rs 10L) | 37 | 2,294 | 62.00x |
| Corporate | - | 98 | - |
| Individual | - | 2,171 | - |
| Other | - | 25 | - |
| sNII (Rs 2L to Rs 10L) | 19 | 1,907 | 100.37x |
| Corporate | - | 42 | - |
| Individual | - | 1,843 | - |
| Other | - | 22 | - |
| IND | 195 | 19,749 | 101.28x |
| Fixed price | - | 19,749 | - |
| Total | 473 | 23,980 | 50.70x |
What Do These Subscription Numbers Mean?
A subscription of 105.61x by shares means the IPO received bids for 106 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 71.09x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 71.09x, it reflects serious institutional conviction.
NII at 75.02x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 62.00x and sNII at 100.37x by applications. Share subscription was 161.30x. Allotment uses application count, not share volume.
At 101.28x subscription by applications, approximately 1 in 101 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Defrail Technologies SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 101.28x.
- •Allotment odds: about 1 in 101 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 100.37x.
- •Allotment odds: about 1 in 100 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 109.63x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 62.00x.
- •Allotment odds: about 1 in 62 for a minimum-lot application (~2% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 187.14x. Allotment uses application count, not share volume.
Check the Defrail Technologies SME IPO Allotment Status page from 14 January 2026 for your allotment result.
Defrail Technologies SME IPO GMP After Subscription
GMP for Defrail Technologies SME stands at Rs 17.00 today, giving an estimated listing price of Rs 91.00 per share.
A subscription of 105.61x combined with a GMP of 22.97% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Defrail Technologies SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Defrail Technologies SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 9 Jan 2026 | 0.00x | 0.88x | 1.22x | 0.80x |
| Day 2 - 12 Jan 2026 | 0.00x | 12.10x | 18.08x | 11.64x |
| Day 3 - 13 Jan 2026 | 71.09x | 160.95x | 101.28x | 105.54x |
Defrail Technologies SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 9 January 2026 |
| IPO Close Date | 13 January 2026 |
| Allotment Date | 14 January 2026 |
| Refund Initiation | 15 January 2026 |
| Share Credit to Demat | 15 January 2026 |
| Listing Date | 16 January 2026 |
| Minimum Investment | Rs 2,36,800.00 |
| Lot Size | 1600 shares |
About Defrail Technologies SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Defrail Technologies SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Defrail Technologies SME IPO Allotment Status
Check allotment result on allotment date
Defrail Technologies SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
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Defrail Technologies SME IPO Subscription FAQs
What is Defrail Technologies SME IPO subscription status today?
Defrail Technologies SME IPO subscription closed on 13 January 2026 with overall subscription of 105.61x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 71.09x, NII 75.02x, IND 101.28x.
What is the overall subscription of Defrail Technologies SME IPO?
Defrail Technologies SME IPO is subscribed 105.61x overall by shares at close on 13 January 2026. QIB 71.09x, NII 75.02x, and IND 101.28x.
What is Defrail Technologies SME IPO QIB subscription?
Defrail Technologies SME IPO QIB (Qualified Institutional Buyers) subscription is 71.09x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Defrail Technologies SME IPO IND subscription?
Defrail Technologies SME IPO IND subscription is 101.28x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Defrail Technologies SME IPO NII subscription?
Defrail Technologies SME IPO NII (Non-Institutional Investors) subscription is 75.02x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Defrail Technologies SME IPO for retail?
At 101.28x subscription by applications, approximately 1 in 101 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Defrail Technologies SME IPO allotment date?
Defrail Technologies SME IPO allotment date is 14 January 2026. Check Defrail Technologies SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Defrail Technologies SME IPO subscription close?
Defrail Technologies SME IPO subscription closed on 13 January 2026. No new applications are accepted after the close.
What is Defrail Technologies SME IPO GMP today?
Defrail Technologies SME IPO GMP is ₹17 today (+22.97% over issue price ₹74). See live GMP on the Defrail Technologies SME IPO GMP Today page.
What is Defrail Technologies SME IPO issue price and lot size?
Defrail Technologies SME IPO issue price is ₹74 per share. Lot size is 1600 shares. Minimum investment is ₹2,36,800 per lot (minimum 2 lots for SME). Issue size: ₹13.07 Cr.
When is Defrail Technologies SME IPO listing date?
Defrail Technologies SME IPO listing date is 16 January 2026 on NSE and BSE. Allotment is on 14 January 2026.
How does subscription affect Defrail Technologies SME IPO allotment?
Allotment odds in Defrail Technologies SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 75.02x by applications means roughly 1 in 75 for minimum-lot bids; bNII at 62.00x (~1 in 62). At 105.61x overall, competition is very high.
For allotment results from 14 January 2026, visit the Defrail Technologies SME IPO Allotment Status page. For listing day updates on 16 January 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.