Defrail Technologies IPO Allotment Status Available Today
Investors who applied for the Defrail Technologies initial public offering can now check their allotment status. The company has fixed Wednesday, January 14 as the allotment date. This follows the closure of the highly subscribed IPO that concluded on January 13.
Massive Investor Demand for the IPO
The public offer witnessed overwhelming response from all investor categories. Overall, the IPO received 105.54 times subscription. Qualified institutional buyers showed strong interest with their segment getting booked 71.09 times. Non-institutional investors demonstrated even greater enthusiasm, subscribing their portion 160.95 times. Retail investors participated actively too, putting in 101.28 times bids for their reserved quota.
How to Check Allotment Status on BSE
Investors can verify their Defrail Technologies IPO allotment through the Bombay Stock Exchange website. Follow these simple steps:
- Visit the BSE website and navigate to the investor section
- Select 'equity' as the issue type from the available options
- Choose Defrail Technologies from the dropdown menu of issue names
- Enter your application number or PAN card details
- Complete the security verification by confirming you are not a robot
- Click the search button to view your allotment status
Alternative Method Through Registrar
Another way to check allotment involves visiting the registrar's portal. Maashitla Securities is handling the allotment process for this IPO. Here is how to proceed:
- Go to the Maashitla Securities website and find the allotment status page
- Select Defrail Technologies from the company dropdown menu
- Choose your preferred identification method - PAN, application number, or demat account details
- Enter the relevant information based on your selection
- Submit the details to access your allotment results
Current Grey Market Premium and Listing Expectations
The grey market premium for Defrail Technologies shares currently stands at ₹8. Considering the upper price band of ₹74 per share, this suggests an estimated listing price of approximately ₹82. If this materializes, investors could see a listing gain of around 10.81 percent on the first trading day.
Key Details About the IPO
Defrail Technologies launched a book-built issue worth ₹13.77 crore. The offering consisted entirely of fresh equity shares totaling 0.19 crore. The company set the price band between ₹70 and ₹74 per share. Investors needed to apply in lots of 1,600 shares. For retail investors, this meant a minimum investment of ₹2,36,800 for two lots totaling 3,200 shares.
The subscription window opened on January 9 and closed on January 13. The tentative listing date on the BSE SME platform is January 16. The company intends to utilize the IPO proceeds for several purposes. These include purchasing equipment and machinery, installing solar panels, and meeting general corporate requirements.
NEXGEN Financial Solutions served as the book-running lead manager for this public offering. The firm guided the company through the IPO process and managed the subscription.
Important Note: This information serves educational purposes only. Market conditions can change rapidly, and investment decisions should involve careful consideration. We recommend consulting with certified financial experts before making any investment choices, as individual circumstances vary significantly.
