IPO Details
IPO Open Date
09 Jan 2026
IPO Close Date
13 Jan 2026
Issue Size
Approx ₹14 Crores
Price Band
₹70 to ₹74 Per Share
Total Applications
24,053
Listing Price
95.00
Listing Percent
28.38%
Important Note
- "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
- The portion of anchor investors (or market makers) is not included in the total number of shares offered.
- Market Maker portion is not included to NII/HNI.
Defrail Technologies IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares Bid For | Total Amount (₹ Cr) | Total Applications |
|---|---|---|---|---|---|
| Anchor | 1 | 5,18,400 | 5,18,400 | ₹ 3.84 | - |
| Market Maker | 1 | 94,400 | 94,400 | ₹ 0.70 | - |
| QIB (Ex Anchor) | 71.09 | 3,55,200 | 2,52,49,600 | ₹ 186.85 | - |
| NII | 160.95 | 2,68,800 | 4,32,64,000 | ₹ 320.15 | - |
| bNII | 188.30 | 1,77,600 | 3,34,41,600 | ₹ 247.47 | - |
| sNII | 107.70 | 91,200 | 98,22,400 | ₹ 72.69 | - |
| Individual Investors | 101.28 | 6,24,000 | 6,31,96,800 | ₹ 467.66 | - |
| Total | 105.54 | 12,48,000 | 13,17,10,400 | ₹ 974.66 | 24,053 |
Day-wise Subscription Details (Times)
| Date | QIB (Ex Anchor) | NII | sNII (> ₹10L) | bNII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| 13 Jan 2026 | 71.09 | 160.95 | 188.30 | 107.70 | 101.28 | 105.54 |
| 12 Jan 2026 | 0.00 | 12.10 | 11.07 | 14.11 | 18.08 | 11.64 |
| 09 Jan 2026 | 0.00 | 0.88 | 1.20 | 0.25 | 1.22 | 0.80 |
Note: QIB = Qualified Institutional Buyers, NII = Non-Institutional Investors, sNII = Small NII, bNII = Big NII
IPO Shares Offered
| Category | Shares Offered | Amount (₹ Cr) | Size (%) |
|---|---|---|---|
| Market Maker | 94,400 | ₹ 0.70 | 5.07% |
| QIB | 8,73,600 | ₹ 6.46 | 46.95% |
| Anchor | 5,18,400 | ₹ 3.84 | 27.86% |
| QIB (Ex Anchor) | 3,55,200 | ₹ 2.63 | 19.09% |
| NII | 2,68,800 | ₹ 1.99 | 14.45% |
| bNII (> ₹10L) | 1,77,600 | ₹ 1.31 | 9.54% |
| sNII (< ₹10L) | 91,200 | ₹ 0.67 | 4.90% |
| Retail | 6,24,000 | ₹ 4.62 | 33.53% |
| Total | 18,60,800 | ₹ 13.77 | 100% |
Basis of Allotment
| Category | Ex. Anchor | Anchor Investor | Total QIB | Below ₹10L | Above ₹10L | Total NII | Retail | Total |
|---|---|---|---|---|---|---|---|---|
| Allocation (No. of shares) | 3,55,200 | 5,18,400 | 8,73,600 | 91,200 | 1,77,600 | 2,68,800 | 6,24,000 | 17,66,400 |
| Allotment price (Rs.) | 74 | 74 | 74 | 74 | 74 | 74 | 74 | 74 |
| No.of applications | 27 | 3 | 30 | 1,883 | 2,197 | 4,080 | 19,617 | 23,727 |
| No.of shares applied | 2,52,25,600 | 5,18,400 | 2,57,44,000 | 97,13,600 | 3,20,20,800 | 4,17,34,400 | 6,27,74,400 | 13,02,52,800 |
| Amount collected (Rs.cr.) | 186.67 | 3.84 | 190.51 | 71.88 | 236.95 | 308.83 | 464.53 | 963.87 |
| No.of times subscribed | 71.02 | 1.00 | 29.47 | 106.51 | 180.30 | 155.26 | 100.60 | 73.74 |
| No.of shares allotted | 3,55,200 | 5,18,400 | 8,73,600 | 91,200 | 1,77,600 | 2,68,800 | 6,24,000 | 17,66,400 |
| Amount (Rs.cr.) | 2.63 | 3.84 | 6.46 | 0.67 | 1.31 | 1.99 | 4.62 | 13.07 |
| No.of allottees | 26 | 3 | 29 | 19 | 37 | 56 | 195 | 280 |
Anchor Investors Allocation
Anchor Bid Date: 08 Jan 2026
Anchor Price: ₹74.00
Anchor as % of QIBs: 67.01 %
| S.No. | Anchor Investor | Shares Allotted | Amount (₹ Cr) | % within Anchor | % of Issue |
|---|---|---|---|---|---|
| 1 |
LONGTHRIVE CAPITAL VCC-TRENDVIEW CAPITAL FUND
LONGTHRIVE CAPITAL VCC
|
2,46,400 | ₹ 1.82 | 47.53 | 13.24 |
| 2 |
SUNRISE INVESTMENT TRUST-SUNRISE INVESTMENT OPPORTUNITIES FUND
SUNRISE
|
1,36,000 | ₹ 1.01 | 26.23 | 7.31 |
| 3 |
PINE OAK GLOBAL FUND
PINE OAK
|
1,36,000 | ₹ 1.01 | 26.23 | 7.31 |
| Total | 518,400 | ₹ 3.84 | 100% | 27.86% |
Understanding IPO Subscription Status
What is Subscription Times?
Subscription times indicate how many times the IPO has been subscribed. For example, if subscription is 5x, it means the IPO received 5 times more applications than shares available.
Investor Categories
- QIB (Qualified Institutional Buyers): Large institutional investors like mutual funds, insurance companies, banks
- NII (Non-Institutional Investors): High net-worth individuals and corporates
- sNII: Small NII with investment above ₹2 lakhs but below ₹10 lakhs
- bNII: Big NII with investment above ₹10 lakhs
- Retail: Individual investors investing up to ₹2 lakhs
- Anchor Investors: Selected institutional investors who get allocation before IPO opens
How to Interpret the Data?
- Higher subscription times generally indicate strong demand
- Retail and NII oversubscription shows interest from individual investors
- QIB subscription reflects institutional confidence
- Day-wise data helps track momentum during the IPO period