Defrail Technologies SME IPO Lists Strongly, Gains 35% on Debut

Defrail Technologies SME IPO Lists Strongly, Gains 35% on Debut

Defrail Technologies' SME IPO made a robust market debut on Monday, January 19. The stock defied weak overall market sentiment to post significant gains.

Strong Opening and Performance

Defrail Technologies' share price opened at ₹95 on the BSE. This opening price represented a 28.4% premium over the issue price of ₹74 per share.

The stock extended its gains throughout the trading session. It rose to hit its upper price band of ₹99.75. At this peak, the stock was trading almost 35% higher than its issue price.

Contrast with Broader Market

The strong debut of Defrail Technologies occurred against a backdrop of broader market weakness. Equity benchmark Sensex fell almost by a per cent during the same trading session.

This performance highlights investor appetite for the SME IPO segment. It shows confidence in Defrail Technologies' business prospects despite challenging market conditions.

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