Defrail Technologies IPO Subscription Status
Defrail Technologies IPO was subscribed 98.19 times when bidding closed on 13 Jan 2026: QIB 71.09x, NII 119.38x, Retail 101.28x.
The Defrail Technologies IPO has been subscribed 98.19x times overall. Retail investors have shown interest with bids for 101.28x the shares available. The Non-Institutional Investor (NII) category has been subscribed 119.38x. Within NII, Big HNI (B-HNI) subscribed 188.83x and Small HNI (S-HNI) subscribed 107.7x. Qualified Institutional Buyers (QIBs) have subscribed 71.09x. Data last updated on 25 Aug, 12:56 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 09 Jan, 2026 and closes on 13 Jan, 2026. The shares are expected to list on stock exchanges on 16 Jan, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 2,52,49,600 of 3,55,200 | 71.09x |
| NII | 4,33,58,400 of 3,63,200 | 119.38x |
bHNI — bid amount above ₹10 Lakh |
3,35,36,000 | 188.83 |
sHNI — bid amount ₹2–10 Lakh |
98,22,400 | 107.7 |
| Retail | 6,31,96,800 of 6,24,000 | 101.28x |
| TOTAL | 13,18,04,800 | 98.19x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Max Applications is the number of allotment slots: one lot per retail winner, and the minimum NII application (the smallest lot count above ₹2 lakh) per sHNI and bHNI winner. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| bHNI (₹10 L+) max 66 | 2,304 | 34.91x | |
| sHNI (₹2–10 L) max 34 | 2,254 | 66.29x | |
| Retail max 6,24,000 | 3,15,25,393 | 50.52x | |
| TOTAL (EST.) | 3,15,29,951 |
Defrail Technologies IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 102 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 71.09x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
13 Jan 2026
Day 3 |
- | ▼ | |
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QIB-
NII-
Retail-
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12 Jan 2026
Day 2 |
- | ▼ | |
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QIB-
NII-
Retail-
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09 Jan 2026
Day 1 |
0.08x | ▼ | |
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QIB0.00x
NII0.00x
Retail0.18x
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Defrail Technologies SME IPO dates
From the bidding window to listing. Today is 30 October.
- Open 09 Jan 2026
- Close 13 Jan 2026
- Allotment 14 Jan 2026
- Refund/credit 15 Jan 2026
- Listing 16 Jan 2026
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Defrail Technologies IPO?
As of IPO close date (13 Jan, 2026), the Defrail Technologies IPO is subscribed 98.19x times. Retail category is 101.28x, and NII is 119.38x subscribed.
When is the allotment date for Defrail Technologies IPO?
The allotment for Defrail Technologies IPO is expected to be finalized on 14 January, 2026.
What is the GMP of Defrail Technologies?
The Grey Market Premium (GMP) for Defrail Technologies is currently ₹10, indicating a potential listing gain of 14%.
When will Defrail Technologies IPO list on the stock market?
Defrail Technologies is scheduled to list on BSE and NSE on 16 January, 2026.
What are the chances of getting allotment in Defrail Technologies IPO?
The retail category is oversubscribed at 101.28x, meaning allotment is by lottery. Statistically, approximately 1 in 102 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 71.09x mean for Defrail Technologies IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 71.09x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Defrail Technologies IPO allotment status?
After the allotment date (14 Jan, 2026), you can check your Defrail Technologies IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Defrail Technologies SME IPO further
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
